Given 3G Capital's industry focus, its background of partners and track-record, the next big takeover target for the co-owner of Heinz is al...
Heinz has announced the first significant job cuts since the Warren Buffett / 3G Capital takeover only last year. Given 3G's track record wi...
The owners-elect of Heinz have effectively brought in their own man to run the US food giant. Dean Best looks at what the appointment of Burger King boss Bernardo Hees could mean for the ketchup maker.
Heinz stunned the global food industry with news it had agreed to a US$28bn takeover offer from Warren Buffett's Berkshire Hathaway fund and private-equity firm 3G Capital - purported to be the largest-ever deal in the sector. Dean Best looks at what could lie ahead for the US food giant.
The horse-meat-in-burgers scandal rumbled on this week. Tesco, The Co-op and Aldi ended some contracts with the supplier at the centre of the affair and sought to reassure consumers of their efforts to improve food quality. Meanwhile, in Westminster, UK regulator The Food Standards Agency was in the spotlight. Dean Best reports on the issues that emerged from the regulator's appearance before MPs.
Dairy giant Arla Foods has announced a significant deal in China with local company Mengniu. The Danish-Swedish co-op says the venture represents a "breakthrough" for its brand in China but, with food safety a concern in the country, there are potential risks, as well as rewards, for the company.
Over 200 Heinz workers in the UK and Ireland could lose their jobs as the ketchup maker's new owners set out more plans to streamline the business.
Heinz is to lay off 600 workers across the US and Canada - with over half the cuts at its HQ in Pittsburgh.
Private-equity firm 3G Capital, part owner of US food group Heinz, has named one of its partners as the ketchup maker's new CFO.
3G Capital, the private-equity firm soon to own Heinz, last week turned to another investment - Burger King - for the US food giant's new CEO. In the UK, R&R Ice Cream, Europe's largest own-label ice cream supplier bought a local rival it said would boost its branded stable. Europe was shook by more horsemeat revelations. Meanwhile, we interviewed Sainsbury's on multichannel, Canada's Dare Foods and took a look at the possible suitors for Burton's Biscuit Co.
Burger King CEO Bernardo Hees is set to become the chief executive of Heinz when 3G Capital and Berkshire Hathaway's planned takeover of the US food giant is complete.
Heinz chief Bill Johnson today (14 February) insisted the US food giant has the potential to get "bigger and better" under the ownership of investment funds Berkshire Hathaway and 3G Capital.
Famed US investor Warren Buffett today (14 February) labelled Heinz as his "kind of company" after his Berkshire Hathaway fund struck a deal to pay US$28bn for the ketchup giant.
US snack and smoothie manufacturer Inventure Foods has hailed a "record" first quarter in which it generated its highest quarterly revenues and earnings per share.
US snack maker Inventure Foods is set to sell a range of snacks under the Nathan's restaurant brand.
Inventure Foods has reported mixed second-quarter results with net income down despite "record" sales as the US snack food manufacturer invested in promoting new products.
Kepak, the owner of the Rustlers brand, has said that it could double its turnover over the next five years by extending its customer base through new product development.
US snack maker Inventure Foods has posted a leap in second-quarter profits on the back of higher sales.
The industry saw a raft of quarterly results this week from Unilever, Safeway Inc, Kellogg, Chiquita and Premier Foods plc, among others. Unilever CEO Paul Polman adopted a typically cautious tone, despite an acceleration in sales and volumes, while Safeway CEO Steve Burd remained more upbeat on profits despite a tumble. Sodium reduction once again appeared on the menu as the CSPI hit out at US companies that have not yet joined the New York initiative to cut salt, while Kraft and Heinz both pledged targets for mayor Michael Bloomberg’s programme. Here is a selection of who said what about the top stories in the food sector this week.
Campbell Soup Co. has named Kirk Elliot as vice president, corporate strategy, the US group said today (21 August).
Bakkavör Group has, in cooperation with Glitnir Bank, acquired the remaining 60% stake it didnt't already own in Creative Foods, a Chinese salad manufacturer.
US retailer The Pantry has named its new chief financial officer.
Chuck Fallon has joined Burger King Corporation as president of North America, it was announced today by John W. Chidsey, CEO of BKC
Winn-Dixie Stores has announced that the US Bankruptcy Court for the Middle District of Florida has given its approval in connection with the sale of 12 supermarkets in the Bahamas — nine operated by Winn-Dixie under the City Markets banner and three under the Winn-Dixie banner.
ConAgra Foods has appointed Jacqueline McCook as chief growth officer and executive vice president, International.
Burger King Holdings has filed a registration statement for the proposed initial public offering of its common stock with the Securities and Exchange Commission.
Burger King Holdings, Inc said yesterday (1 February) that it expects to file a registration statement with the Securities and Exchange Commission in connection with an initial public offering of shares of its common stock in late February or early March.
Spanish investment firm Lurca plans to sell 30 Burger Kings for as much as EUR27m (US$32.66m) in a bid to exit that business
US fast-food corporation Burger King is considering proposals to introduce a new ‘value menu’ in order to vie for position in this highly competitive sector.
Mexico probably will surpass the US in obesity rates for the first time next year as it adopts the fast food and sedentary lifestyles of its neighbour, according to the Bloomberg news agency.
UK bread manufacturer Hovis, embarking on life under the majority control of US private-equity firm Gores Group, has named former Unilever, PepsiCo and Burger King executive Nish Kankiwala its new chairman.
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