22 August 2013
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.
14 August 2013
Heinz has announced the first significant job cuts since the Warren Buffett / 3G Capital takeover only last year. Given 3G's track record with previous investments, the news the ketchup and soup company is "streamlining" its business should not be a huge surprise, writes Dean Best.
13 August 2013
Heinz is to lay off 600 workers across the US and Canada - with over half the cuts at its HQ in Pittsburgh.
10 June 2013
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.
15 April 2013
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.
12 April 2013
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.
11 April 2013
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.
15 February 2013
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.
14 February 2013
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.
14 February 2013
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.
1 February 2013
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.
18 June 2012
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.
4 May 2012
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.
13 October 2011
PepsiCo CFO Hugh Johnston has quashed suggestions that the global snacks and beverage giant could split into two.
30 September 2011
US snack maker Inventure Foods is set to sell a range of snacks under the Nathan's restaurant brand.
29 July 2011
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.
22 March 2011
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.
28 July 2010
US snack maker Inventure Foods has posted a leap in second-quarter profits on the back of higher sales.
30 April 2010
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.
27 April 2010
The latest push to cut salt (or sodium, as our US cousins call the ingredient) from packaged foods has taken off across the Atlantic, much to the satisfaction of consumer advocates.
21 August 2007
Campbell Soup Co. has named Kirk Elliot as vice president, corporate strategy, the US group said today (21 August).
26 July 2007
A self-regulatory initiative by 11 food and beverage companies launched in the US last week has received a mixed response from campaigners. While the initiative can potentially make a valuable contribution to tackling childhood obesity, Ben Cooper writes, weaknesses in terms of its scope and coverage have exposed it to criticism from pressure groups.
22 June 2007
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.
18 June 2007
US retailer The Pantry has named its new chief financial officer.
30 October 2006
A new world is waiting to be conquered by food manufacturers and retailers. Social networking websites such as Second Life and YouTube provide an unprecedented opportunity for companies to market their products and services to a consumer demographic that can be difficult to reach through tried and tested channels. Bernice Hurst investigates.
13 June 2006
Chuck Fallon has joined Burger King Corporation as president of North America, it was announced today by John W. Chidsey, CEO of BKC
19 May 2006
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.
17 March 2006
ConAgra Foods has appointed Jacqueline McCook as chief growth officer and executive vice president, International.
17 February 2006
Burger King Holdings has filed a registration statement for the proposed initial public offering of its common stock with the Securities and Exchange Commission.
2 February 2006
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.