Diamond Foods - food industry company news 
US: Diamond CEO, CFO exit after accounting probe
8 February 2012
US snack maker Diamond Foods has replaced its CEO and CFO after an internal investigation found the company had incorrectly accounted for payments to walnut growers.
US: Diamond Foods "faces criminal probe"
13 January 2012
US snack maker Diamond Foods is reportedly under investigation from federal prosecutors over whether its financial practices involved criminal fraud.
Editor's choice: the highlights on just-food this week
6 January 2012
just-food's first week back after the Christmas and New Year break included PepsiCo brushing off a US report of plans to cut 4,000 jobs, UK seafood firm Young's Seafood shedding over 500 posts and Arla Foods pledging to expand in Scotland - but saying the move could still affect employees. In the week between Christmas and New Year, we saw China's food sector rocked by its latest safety scandal, with news that dairy group Mengniu Dairy produced milk containing a carcinogen. Click on the headlines for more.
US: Diamond stocks rise over Einhorn speculation
3 January 2012
Stocks in uncertainty-riddled Diamond Foods rose on rumours that investor David Einhorn has acquired a stake in the firm.
2011 in review - M&A activity fails to meet expectations
22 December 2011
A year ago, there was consensus that M&A activity would pick up in 2011. As we look back on the last 12 months, there were some major deals but concern over the economy meant the numbers of deals fell short of expectations. Dean Best reports.
Editor's choice: the highlights on just-food last week
19 December 2011
Industry watchers have forecast further consolidation in the confectionery sector but there has been an absence of major deals in 2011 - until today, when Scandinavian candy makers Cloetta and Leaf International announced plans to merge. Elsewhere in Europe this week, Carrefour tabled a bid to buy French franchise partner Guyenne et Gascogne. Findus Group's French operations, meanwhile, grabbed the headlines with news that private-equity owner Lion Capital ended talks to sell the business to rival buy-out house Permira. And Diamond Foods' deal to buy snacks brand Pringles looks uncertain amid news that the SEC is to investigate crop payments made at the company.
US: Diamond faces SEC probe
15 December 2011
Beleaguered snack company Diamond Foods faces a probe from a US stock market regulator over the company's own inquiry into walnut crop payments.
US: Diamond misses deadline for Q1 results
12 December 2011
Diamond Foods today (12 December) admitted that it would miss a deadline to file its first-quarter results, adding to the uncertainty around the US snack maker.
Editor's choice: the highlights on just-food last week
5 December 2011
India's planned retail reform continued to dominate the headlines, while we analysed two other contentious issues - industry efforts to tackle child labour in cocoa production and the true potential of intense sweetener stevia. Elsewhere, Unilever and McCain Foods faced union strife and Diamond Foods warned a probe into payments to growers could hit the company.
US: Diamond warns of further strife over walnut price probe
30 November 2011
Diamond Foods' delayed US$2.35bn acquisition of Pringles from consumer goods giant Procter & Gamble may have been dealt another blow.
Editor's choice: the highlights on just-food last week
28 November 2011
Global retail dominated our headlines this week, not least with the news that India has decided to ease the rules on foreign investment in the sector. In Europe, Ahold outlined its new strategy, rival Dutch retailer Jumbo snapped up local player C1000 and analysts reflected on the new CEO at Metro Group. Elsewhere, the turmoil surrounding US snack maker Diamond Foods widened when it emerged that a director had been found dead.
US: Diamond director found dead
23 November 2011
Diamond Foods has seen shares drop after it emerged that a company director has died.
Quote, unquote: just-food's week in words
7 November 2011
This week, food giants continued to post third-quarter results including German retailer Metro Group and food manufacturer Kraft Foods. Meanwhile, B&G Foods snapped up four food brands from Unilever. However, Diamond Foods' acquisition of Proctor & Gamble's brand Pringles has been delayed six months due to an investigation.
Editor's choice: the highlights on just-food last week
7 November 2011
It's financial results season this week, with Kraft and Tate & Lyle performing strongly, while Chiquita and Whole Foods faltered. Diamond Foods' deal to buy Pringles from Procter & Gamble was delayed, prompting consternation among stockholders, and Portuguese retailer Jeronimo Martins announced extensive investments in Latin America. Click on the headlines for more.
In the spotlight: Walnuts crack Diamond
4 November 2011
Some of Diamond Foods' lustre has been wiped away by an announcement that its much-lauded purchase of Pringles has been delayed over an investigation into crop payments.
US: Diamond payment probe delays Pringles takeover
2 November 2011
Diamond Foods' acquisition of the Pringles business from Procter & Gamble has been delayed over an investigation into the US snack firm's crop payments to walnut growers.
US: Diamond adds to breakfast snacks range
25 October 2011
Diamond Foods has added to its range of snack products in the US that are sold to eat for breakfast.
US: Diamond Foods CEO Mendes joins Hormel board
28 September 2011
Diamond Foods chairman, president and CEO Michael Mendes has joined the board of US food group Hormel Foods.
Quote, unquote: just-food's week in words
19 September 2011
Stories from Europe, the UK, the US and Latin America provided some of this week's headlines. A key shareholder in Metro Group has lost patience with the German retailer's CEO, upmarket UK grocer Marks and Spencer revealed its new-look food halls, US snack firm Diamond Foods discussed the outlook for its new financial year and PepsiCo outlined plans to launch healthier products in Mexico.
On the money: Pringles is key to Diamond's future sparkle
16 September 2011
Diamond Foods says the raw power of the Pringles brand is a vital component in its future success.
US: Diamond FY profits surge, ups guidance
16 September 2011
Diamond Foods has posted an increase in annual profits and upped its earnings guidance for its new fiscal year.
UK: Diamond Foods ups size of Pringles cans
12 September 2011
Diamond Foods has said it intends to "boost" sales across its Pringles brand with the launch of Big Sharing Packs in the UK, this month.
UK: Former Green & Black's MD Lowe joins Kettle Foods
8 August 2011
The ex-managing director of premium chocolate maker Green & Black's has been appointed MD of Kettle Foods in the UK.
US: Diamond Foods launches reduced-fat Kettle range
14 July 2011
Diamond Foods has launched a reduced-fat potato chip range under the Kettle brand in the US.
US: Diamond ups profit target
3 June 2011
Diamond Foods has upped its profit guidance after posting "strong" financial results for its third quarter.
Demand for "premium", healthy snacks drives UK sales
12 May 2011
Sales of sweet and savoury snacks in the UK continued to rise in 2010, underpinned by demand for premium brands and products beneficial to health, writes Euromonitor International's Anastasia Alieva. Innovation is focusing more on reformulation and the creation of nutritionally-balanced indulgent snacks, which will pave the way for future growth.
Best bits: Diamond, Smithfield look to expand outside US
11 April 2011
Pringles, an anomaly in a Procter & Gamble portfolio that spans categories as diverse as batteries and fabric conditioner, was always going to be sold. The questions surrounded when and to whom.
Editor's choice: the highlights on just-food this week
8 April 2011
Diamond Foods' move for global snacks brand Pringles was the stand-out story this week, with the US snack firm set to add to a burgeoning stable that already includes Kettle Foods. Elsewhere, Smithfield Foods announced plans to take a majority stake in Europe's largest packaged meats maker Campofrio, while Marks and Spencer struck an upbeat tone as it published its latest sales figures. Click on the headlines to find out more.
Quote, unquote: just-food's week in words
8 April 2011
M&A led the news agenda again this week, with Diamond Foods' plans to acquire crisp brand Pringles, while Smithfield revealed plans to acquire Spanish meat brand Campofrio. Meanwhile, M&S published better than expected results for its fourth quarter. Here's the best of what was said this week.
In the spotlight: Diamond Foods goes global with Pringles buy
7 April 2011
Every now and then, a deal is done that significantly alters the direction of a business. Diamond Foods' agreement to buy the Pringles brand looks set to do just that, tripling the size of the US firm's snacks business and boosting the company's exposure to overseas markets. Dean Best reports.
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