Just three years after PepsiCo and Muller launched their bid to capture part of the US yoghurt market, the companies have thrown in the towe...
Unilever is building on its push into branded ice cream retail with the acquisition of Italian gelato group Grom. And Unilever is not the on...
Size matters, right? Scale - and the economic benefits that come with it - provide a business with clout smaller competitors find hard to battle. However, could large food companies be losing some of the advantage gained from their size?
With its latest new products, Chobani has signalled its ambitions - but the moves into categories like desserts and oatmeal could also suggest the privately-owned US yoghurt group is feeling the pressure in its core sector.
Chobani is the leading US manufacturer in the lucrative, high-growth Greek yoghurt sector. But with rising competition from the larger dairy majors - and Chobani's own growth aspirations globally - the company could well be wise to consider ways to secure a cash injection, Katy Askew suggests.
Continued evidence of the global slowdown has meant that food companies faced a year of weak consumer sentiment in 2013. This impacted demand across global markets. The food industry responded by increasingly looking to pockets of growth to maintain sales momentum. Katy Askew takes a look at which categories presented the greatest opportunities to expand the top line in mature markets.
In 2012, around the height of the Greek yoghurt boom in the US, Powerful Yoghurt launched with a high-protein product tailored for men. The business has carved out a foothold in a tough market, one that has become more competitive as consumer demand for protein-enriched foods rises. Dean Best caught up with Powerful Yogurt founder and CEO Carlos Ramirez to find out how the company is faring.
Greek dairy manufacturer Fage is eyeing growth in Europe as the Greek yoghurt craze in the US loses steam. Katy Askew caught up with the company at the SIAL exhibition in Paris to find out more.
Chobani has turned down offers from suitors interested in investing in the US yoghurt maker, just-food understands.
Chobani has announced it is expanding its portfolio in Australia with the launch of a range of "high protein" dips.
Chobani has been ordered to suspend a marketing campaign highlighting the artificial ingredients in Danone's low-fat yoghurt line.
General Mills has been awarded a preliminary injunction that will halt Chobani's adverts contrasting the "natural" ingredients in its Simply 100 yoghurt against the "artificial" additives contained in Yoplait Greek 100 line.
US group Hain Celestial this week cut its forecasts for annual sales and earnings amid pressure on its domestic business. The company's management also presented at the ICR investment conference, where it sought to be upbeat about Hain's prospects. Staying in the US, Danone warned it could pursue legal action over Chobani's "misleading and deceptive marketing" which targeted its Light & Fit brand. Elsewhere, Irish dairy co-op Ornua announced the acquisition of Chinese group Ambrosia. And we analysed General Mills' recent acquisitions of Brazilian yoghurt maker Carolina and US meat snacks firm Epic Provisions. Here is the week in quotes.
Danone has indicated it will "pursue all available avenues" to block rival Chobani's "misleading and deceptive marketing" after the US group launched an advertising campaign that highlighted the use of sweeteners in the companies' products.
Chobani, the US-based yoghurt group, has admitted it is weighing up interest from companies looking at investing in the business - and this week the identity of some purported suitors emerged. Staying in dairy, Vietnam's government is looking to sell its 45% stake in Vinamilk, which dominates much of the growing sector there. And a Friday one-two from Nestle, which cut its forecast for annual sales after a challenging, Maggi-affected third quarter and then confirmed tests in India allow the company to at least resume production of the noodles.
Coca-Cola Co. has reportedly stopped talks with Chobani after deciding the US yoghurt maker did not fit its portfolio.
PepsiCo is reportedly vying with arch-rival Coca-Cola Co. to invest in Chobani, the US-based yoghurt maker that has driven the rise of the Greek yoghurt market in the country.
Russia this week said it would extend its restrictions on food imports to four more countries. In India, the ban on Nestle's Maggi noodles was overturned - although the products will have to be tested again. In the US, Kraft Heinz Co. announced plans to cut 2,500 jobs, while co-investor Warren Buffett cooled talk over a bid - in the short term at least - for Mondelez International. And in Europe, Nomad Foods struck a deal to buy Findus Group's operations in seven markets.
Chobani has been approached by parties eyeing a possible investment in the US-based yoghurt maker and has appointed advisors to mull over the interest, just-food understands.
Kraft Foods Lunchables Uploaded has topped IRI's poll of the top NPD launches in the US during 2014.
Kraft's Lunchables Uploaded product has been named as the best-selling new food and beverage line in the US during 2014, according to an annual poll by IRI.
Philippines-based Monde Nissin is expanding its presence in Australia through the acquisition of Menora Foods as part of its drive to become a "significant food and beverage player" in Asia Pacific.
US-based yoghurt group Chobani has launched its Chobani Oats line in Australia in a pouch format.
Yoghurt maker Chobani has launched a range targeting children aged one to two in the US.
Filipino conglomerate Monde Nissin is reportedly set to acquire Australian food group Menora Foods.
Tesco this week claimed it wanted to "regenerate" its relationship with suppliers, with a strategy that looks set to cut the number of SKUs on sale in stores. Meanwhile, speculation emerged Brazilian private-equity firm and Heinz co-owner 3G Capital is looking at further acquisitions in the food industry.
This week, Chobani refuted claims its CEO Hamdi Ulukaya is being pushed out of his position. Elsewhere, Tesco outlined a new strategy expected to have a profound impact on the companies that supply the retailer. Findus acquired Nestle's Spanish frozen food business La Cocinera and HKScan announced it was axing 95 jobs across two of its sites in Denmark. Here is the week in quotes
Chobani has denied suggestions chairman and CEO Hamdi Ulukaya is being pushed out of the company, with the yoghurt maker insisting its founder is leading the search for a new chief executive.
Danone, General Mills and Chobani have been accused of "misleading parents" looking for healthier foods into buying yoghurts "loaded with sugar and containing a myriad of questionably safe artificial sweeteners, colours and emulsifiers".
This week, we published interviews with senior executives from Brazilian food giant BRF as it embarks on international expansion. Elsewhere, staff at United Biscuits' Aintree factory in Liverpool pushed forward with strike action and Finnish group Raisio secured control of Benecol in the UK, Ireland and Belgium.
Chobani has led the boom in US demand for Greek yoghurt in recent years but its success has attracted rivals - including those with deep pockets - to the category. One, General Mills, has targeted Chobani in taste test ads for its Yoplait brand. Chobani has brushed off the move.
Global Dairy Food Market: News and Events December 2013
The report provides a review of the latest news and key events in the global dairy food market during December 2013. Summary Using this report, marketers will effectively gain an insight into the lat...
Global Dairy Food Market: News and Events April 2014
Synopsis Using this report, marketers will effectively gain an insight into the latest happenings in the global dairy food market throughout the month. The monthly report provides the reader with the...
Greek Yogurt Market in the US: Trends, Size, and Forecast 20
Greek yogurt, also known as strained yogurt, is the by-product of milk where the yogurt is strained and whey removed. Greek yogurt has appealed to the American palate, resulting in increased sales of...
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