Diamond Foods - food industry company news 
Editor's choice: the highlights on just-food last week
18 March 2013
Morrisons last week announced firmer plans for an online food service - and the UK retailer could join forces with specialist Ocado. Larger rival Tesco, meanwhile, launched its own price-comparison scheme to lure in customers. Tesco, however, attracted more headlines on horsemeat with another recall. On a separate note, an Irish meat firm was said to know its beef was contaminated a year ago. Dole Food Co., Chiquita and Diamond Foods were among companies announcing results and, on the M&A front, UK firm Burton's Biscuit Co. could soon be up for grabs.
Quote, unquote: just-food's week in words
18 March 2013
Food prices - or the prospect of inflation - was a hot topic last week. A vote by the European Parliament to extend sugar quotas to 2020 was criticised, while proposed US changes to country-of-origin labelling were also argued to be set to lead to higher prices. Meanwhile, a drought in Spain is causing concern over global olive oil prices.
On the money: Diamond hails turnaround progress
13 March 2013
Diamond Foods has insisted it continues to make good progress on its turnaround plan, despite booking a mixed set of results that saw the top and bottom line remain under continued pressure.
US: Diamond Q2 sales, earnings miss Wall St forecasts
12 March 2013
Diamond Foods has booked second-quarter sales and adjusted earnings below Wall Street forecasts, hitting the Kettle Chips firm's shares in early trading today (12 March).
US: Investment fund BlackRock buys Diamond Foods stake
13 February 2013
US investment firm BlackRock has snapped up nearly 8% of Kettle Chips manufacturer Diamond Foods.
In the spotlight - Arca takes bigger bite of snacks market with double-deal
4 January 2013
Arca Continental's decision to acquire US-based Wise Foods and Ecuadorian snacks firm Inalecsa could come as a surprise, given that the Coca-Cola bottler's interests are primarily in the beverage sector. However, Michelle Russell suggests, the Mexican firm is likely to use the acquisitions to take its Mexican brands into new markets while also leveraging the capabilities of Wise and Inalecsa to boost its Mexican snacks presence.
US: Diamond underlying Q1 profits beat forecasts
18 December 2012
Shares in Diamond Foods rose today (18 December) after the Kettle Chips owner reported underlying first-quarter earnings that were ahead of Wall Street forecasts.
US: Diamond Foods shares fall after Q4 loss
10 December 2012
Shares in Kettle Chips owner Diamond Foods tumbled today (10 December), the first day of trading after the US snack group reported a fourth-quarter loss.
US: Diamond targets "significant opportunities" to trim costs
5 December 2012
US snacks group Diamond Foods has indicated it can see "significant opportunities" to lower its cost base by reducing its overhead structure and tightening its supply chain.
US: Diamond appoints Colo supply chain chief
4 December 2012
Diamond Foods has appointed David Colo to the newly-created position of executive vice president, global operations and supply chain.
Quote, unquote: just-food's week in words
19 November 2012
Hostess Brands, one of the largest bakery groups in the US, last week moved to wound down the company, blaming striking workers. Elsewhere, Diamond Foods' CEO, once the boss of Hostess, insisted the Kettle Chips firm was heading in the right direction after a year of turmoil. In Europe, food giants insisted their move to harmonise nutrition labels would benefit consumers, while in the UK, exporters were urged to target China.
US: Diamond Foods trims past profits, reports Q3 loss
16 November 2012
Shares in Kettle Chips owner Diamond Foods tumbled after the US company posted lower earnings for 2010 and 2011 in restated accounts - and booked a loss for the first three quarters of its current financial year.
US: Diamond to close Indiana factory
29 October 2012
Diamond Foods has signalled its intention to close its Fishers factory in Indiana, with the loss of around 100 jobs.
US: Diamond Foods adds to Kettle Bakes range
16 October 2012
Diamond Foods has added new flavours to its Kettle Brand Bakes range on sale in the US.
US: Nasdaq warns Diamond Foods over annual report
8 October 2012
Nasdaq has told US snack maker Diamond Foods that failure to file its latest annual report on time will serve as another factor that might lead to a delisting of its shares.
US: Diamond Foods gets Nasdaq reporting extension
12 September 2012
Nasdaq has handed US snack maker Diamond Foods more time to become up-to-date with its financial reporting.
US: Diamond requests Nasdaq de-listing hearing
15 June 2012
Diamond Foods has requested a hearing with Nasdaq after being told the company might be de-listed from the stock exchange for missing the deadline on filing its already-delayed financial results.
US: Diamond Foods secures Oaktree Capital investment
23 May 2012
Embattled US snack food group Diamond Foods has sold a 16.4% stake in the company to global investment firm Oaktree Capital management.
US: Hostess Brands eyes bankruptcy exit despite jobs warning
10 May 2012
US baker Hostess Brands, which filed for Chapter 11 protection earlier this year, has said it is still eyeing an exit from bankruptcy despite warning employees jobs could go if the company is sold or closed.
US: Ex-Hostess Brands chief Driscoll named Diamond Foods CEO
8 May 2012
Brian Driscoll, the former CEO of US baker Hostess Brands, which is in bankruptcy protection, has joined Diamond Foods as its chief executive.
US: Diamond "holds stake sale talks with private equity"
22 March 2012
Embattled US snack foods company Diamond Foods has reportedly in talks to sell a stake in the business to private-equity firms.
UK: Diamond to launch baked Kettle crisps
14 March 2012
Diamond Foods' UK arm is to launch a baked line of Kettle crisps in the UK to cater for health-conscious consumers.
US: Diamond to up prices to offset walnut cost pressure
13 March 2012
US snack maker Diamond Foods is increasing prices as it tackles pressure from walnut costs.
CAGNY: Kellogg hopes to exploit Pringles in emerging markets
23 February 2012
The acquisition of Pringles can help Kellogg build its cereal business in more emerging markets, the US company has claimed.
Comment: Pringles buy is bold move from Kellogg
15 February 2012
The acquisition of Pringles is a step-change for Kellogg. However, the US cereals giant faces a formidable competitor in savoury snacks in PepsiCo, which has seven of the world's top ten brands and will be focused on rebounding after a challenging year. And Kellogg also faces tough markets in the US and Europe in its core cereals business.
GLOBAL: Kellogg swoops to buy Pringles
15 February 2012
Kellogg has today (15 February) emerged as the surprise buyer of global snacks brand Pringles after the planned sale to Diamond Foods was called off.
Best bits: Questions remain over future of PepsiCo, Pringles
13 February 2012
PepsiCo remained under scrutiny last week despite the announcement of plans it believes will "strengthen" the company and improve returns for investors, while the future ownership of global snacks brand Pringles is unclear after prospective buyer Diamond Foods changed its CEO and CFO after improper accounting was uncovered at the company.
Editor's choice: the highlights on just-food last week
13 February 2012
A new strategy - which has led to thousands of job cuts - at PepsiCo and the prospect of a new CEO and CFO at beleaguered Diamond Foods caught your attention last week but, beyond those headlines, just-food analysed organic food in China in its Brics and beyond column, we issued the latest data from our Promo Tracker and heard why columnist and SymphonyIRI vice president Rod Street believes suppliers and retailers need to develop a multi-channel strategy now.
Quote, unquote: just-food's week in words
13 February 2012
The US grabbed the industry headlines this week, with PepsiCo at last outlining its plans to drive growth at the business, although the measures it has lined up has led to more questions from Wall Street analysts. And the uncertainty around the sale of global snacks brand Pringles has intensified after prospective buyer Diamond Foods decided to appoint a new CEO and CFO after it found improper accounting at the company.
US: Suitors are eyeing Pringles, says Procter & Gamble
9 February 2012
Procter & Gamble has revealed Pringles is attracting "considerable interest" as potential buyer Diamond Foods deals with the fall-out of an accounting scandal that led to the departure of its CEO and CFO.
