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ConAgra has sold salty snacks brand Medallion to ShearerUS: ConAgra sells Medallion snacks brand to Shearer's

22 April 2014

US private-label salty snack producer Shearer's Foods has acquired Medallion Foods from ConAgra Foods in a US$33.5m deal.

US: Own label propels ConAgra 9m sales

20 March 2014

A surge in own label sales more than offset softness in the consumer brands business of ConAgra Foods.

US: ConAgra to close NY plant, 425 jobs to go

20 March 2014

ConAgra has confirmed it is to close its plant in Fredonia, New York in 2015 in a move that will see 425 people lose their jobs.

just-food's research round-up: dairy in the Gulf, stevia, kosher in the UK

28 February 2014

Growing demand for dairy in the Middle East, the progress made by and prospects for stevia and the UK kosher food market feature in this week's research round-up.

Comment: Challenges ahead as ConAgra goes on to the front foot

20 February 2014

After two profit warnings in five months, ConAgra Foods boss Gary Rodkin was correct to use the CAGNY conference this week to front up about the problems at the US food group - and to try to demonstrate the company can rectify them. Some of these challenges are likely to only be short term. However, ConAgra may face more work with its consumer foods and integration of Ralcorp.

Editor's viewpoint: US consumer chill lingers

17 February 2014

Read the financial statements and listen to the conference calls from US food manufacturers in recent days and it is clear: companies operating there are still facing tough conditions and cautious consumers.

Quote, unquote: just-food's week in words

17 February 2014

Nestle and Mondelez International were among the major food manufacturers reporting 2013 results last week, although perhaps the most notable financial update was ConAgra Foods' second profit warning in five months. Elsewhere, there was speculation over the future ownership of UK grocer Morrisons and United Biscuits continued its international expansion with an investment in Nigeria.

US: ConAgra cuts profit forecast again

11 February 2014

Shares in ConAgra Foods plunged more than 7% today (11 February) as the US food giant company announced it was lowering its forecast for annual earnings for the second time.

just-food's research round-up: targeting ageing consumers, snacks in the US, spotlight on Heinz

7 February 2014

How to develop products for ageing populations in North America and Europe, how to spot NPD opportunities in more indulgent food categories and spotlights on Heinz and Danone are featured in this week's selection of research from the just-food store.

US: 260 jobs hang in the balance as ConAgra shuts Michigan site

29 January 2014

ConAgra Foods has announced it is to close its Grand Rapids Michigan facility in a move that will affect 260 employees.

Quote, unquote: just-food's week in words

27 January 2014

Last week, the race to buy Australian dairy Warrnambool Cheese and Butter Factory took a decisive turn when Murray Goulburn - and WCB investor - accepted the bid from rival suitor Saputo's takeover bid in what has been an ongoing saga. ConAgra Foods and US retailer Trader Joe's were accused of breaking competition law, while Cargill settled discrimination claims out of court. There were rumours French meats firm Jean Caby was undergoing a restructure and that United Biscuits could either float or be sold. And there were job losses at Kellogg, UK baker Bright Blue and US meat giant Tyson Foods. Here is the week in quotes.

US: ConAgra, Trader Joe's sued for "antitrust violation"

23 January 2014

Maxim Marketing Corporation has accused US food giant ConAgra Foods and local retailer Trader Joe's of breaking competition law and demanded damages of US$60m for the "destruction" of the group's peanut butter filled pocket pretzel business.

The just-food interview - Quorn Foods CEO Kevin Brennan - part two

17 January 2014

Quorn Foods, the UK-based meat-free group, is enjoying a period of robust sales growth in the UK - but the business, owned by Exponent Private Equity, has international ambitions. In part two of the latest just-food interview, CEO Kevin Brennan discusses the company's overseas performance and prospects.

US: Quorn opens US office to reignite sales

17 January 2014

Quorn Foods, the UK-based meat-free products manufacturer, has opened an office in Chicago in a bid to revitalise sales in the US, its largest overseas market.

Quote, unquote: just-food's week in words

23 December 2013

Despite its recent struggles at home and abroad, Tesco this week indicated it had ambitions for growth with its application to run multi-brand outlets in India. Over in China, Hershey sought to further build its business with a deal to buy 80% of local confectioner Shanghai Golden Monkey. And horsemeat returned to the headlines with arrests in France after horses tested on in labs allegedly entered the country's food chain.

US: ConAgra Q2 profits cheer Wall St

20 December 2013

Shares in ConAgra Foods closed up more than 5% yesterday (19 December) despite lower half-year profits after the US food group's second-quarter earnings beat Wall Street forecasts.

Comment: ConAgra battles consumer tide with innovation push

5 December 2013

ConAgra Foods' move to step up innovation is a sensible response to disappointing first-quarter sales. But, as the innovation pipeline kicks in, will this be enough to retain consumers won over to the US food group's ready meals and meal solutions during the downturn?

US: ConAgra unveils swathe of Bertolli, PF Chang's NPD

5 December 2013

ConAgra Foods has announced the launch of 23 "restaurant-quality" meals and desserts in the US from its Bertolli and P.F. Chang's brands.

US: ConAgra launches Marie Callender's side dishes

8 October 2013

ConAgra Foods, which last month issued a profit warning amid "challenges" in its consumer foods business, has added side dishes to its range of Marie Callender's products.

US: ConAgra profits down amid brand challenges

19 September 2013

ConAgra Foods today (19 September) confirmed the fall in first-quarter earnings it flagged last week, which prompted a profit warning for the year.

US: Brynwood acquires ConAgra's Lightlife brand

17 September 2013

Investment firm Brynwood Parters has acquired the frozen and refrigerated vegetarian food brand Lightlife from ConAgra Foods for an undisclosed sum.

Interview: Boulder Brands CEO Stephen Hughes - part one

12 September 2013

Boulder Brands is a business under a decade old but one now approaching annual sales of over US$450m. CEO Stephen Hughes set up an investment vehicle in 2005 that became Smart Balance in 2007 when it acquired GFA Brands, the owner of the Smart Balance brand. However, in the last two years, with the spreads sector under pressure, Hughes has brought balance to the business with moves into gluten free - and changed its name to reflect its wider portfolio. In part one of a two-part interview, Hughes discusses Boulder Brands' buoyant gluten-free business.

US: Brand challenges hit ConAgra earnings forecast

10 September 2013

US group ConAgra Foods has pointed to "difficult conditions" in some of its branded categories for a cut to its full-year earnings forecast.

SINGAPORE: H1 profits up at Del Monte Pacific

14 August 2013

Sinagpore-based Del Monte Pacific has booked an increase in first-half profits, helped by revenues in the Philippines, its largest market for branded sales.

US: Unilever to sell Wish-Bone, Western dressings to Pinnacle Foods

12 August 2013

Unilever said today (12 August) it had struck a deal to sell its Wish-Bone and Western dressings brands to US food group Pinnacle Foods for US$580m.

SPAIN: Ebro Foods denies interest in Glencore pasta business

11 July 2013

Ebro Foods said it has no interest in acquiring Dakota Growers Pasta from Glencore Xstrata following reports linking the Spanish company to the US business.

US: States "join probe of Cargill, ConAgra, CHS flour deal"

4 July 2013

A group of states have reportedly jointed a federal anti-trust investigation into a joint venture agreement between Cargill, ConAgra Foods and CHS.

US: ConAgra shares up after FYs, improved forecasts

27 June 2013

Shares in ConAgra Foods jumped today (27 June) after the US food group booked higher annual sales and profits and lifted its long-term growth targets.

The week ahead: General Mills, ConAgra FYs; Hormel investor day

24 June 2013

US food groups General Mills and ConAgra Foods report their annual results next week. Meanwhile, US peer Hormel Foods holds its annual investor day.

PHILIPPINES: Del Monte Pacific lists in Manila

11 June 2013

Shares in Singapore-based Del Monte Pacific have started trading in the Philippines, the second listing for the food and drinks group.







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