The US food industry is going through a period of significant change and the major names have struggled to come up with the answers to meet...
Rumours that private equity-owned Quorn Foods could have piqued the interest of the US's WhiteWave Foods caused a stir this week. Neither co...
| 9 Mar 2015
The Natural Products Expo West has become a key date in the US food industry calendar - and its significance has grown amid changes in consumer demand. Categories like free-from and organic are buoyant in the US and are attracting the attention of mainstream manufacturers searching for growth. In these ever-more competitive categories, innovation is vital and here is just-food's pick of the top ten on-trend products showcased at this year's event.
| 19 Feb 2015
Hain Celestial can deal with any increase in competition in the US natural and organic sector from the country's mainstream consumer packaged goods companies. That was the typically bullish message from Irwin Simon, Hain's founder and CEO, as he addressed the Consumer Analyst Group of New York investment conference this week.
| 16 Feb 2015
It was a bumper week of 2014 financial results, particularly from the US, but a flurry of announcements - including some surprise admissions - from across the pond on Thursday perhaps best served to underline the challenges facing mainstream food manufacturers in the country.
| 4 Feb 2015
Hain Celestial CEO Irwin Simon said today (3 February) the US group had never been so optimistic about its prospects, insisting the company's portfolio can benefit from consumer interest in what they eat.
| 22 Nov 2013
Convenience food group Greencore has experienced an eventful few years. The Ireland-based manufacturer was beaten to the acquisition of the UK's Northern Foods. This year, Greencore was caught up in the horsemeat contamination saga that rocked the European food industry. However, the company has continued to expand in the UK and in the US. In part one of the just-food interview, Michelle Russell speaks to chief executive Patrick Coveney about the challenges of operating in a difficult UK market.
| 28 Oct 2013
Alpro has had three owners in four years but one executive that has been at the company throughout is CEO Bernard Deryckere. He talks to Dean Best about the success Alpro, now owned by US firm WhiteWave Foods, has had with the recent expansion of its product portfolio.
| 6 Mar 2015
This week, the spotlight on the relationships between suppliers and retailers turned to Australia, where a new code of conduct is to be set up. Meanwhile, Spain's anti-trust watchdog fined 11 dairy companies over alleged price collusion. A series of M&A deals this week included Dr Oetker's move for European frozen cake maker Coppenrath & Wiese. And our latest management briefing analysed the opportunities for packaged food manufacturers in the US foodservice market.
| 6 Mar 2015
A week of some small but notable M&A transactions included Hain Celestial's purchase of US fresh food group Empire Kosher Foods and the race for Egypt's Arab Dairy being won by investment fund Pioneers Holding. Elsewhere, our latest management briefing included a look at how packaged food groups in the US could tap into the country's food service channel.
| 5 Mar 2015
US natural and organic food group Hain Celestial said it is expanding deli meat and fresh food offering by taking full control of Empire Kosher Poultry.
| 20 Feb 2015
Mondelez International became the latest mainstream packaged food group to react to consumer trends in the US this week with a deal to buy free-from snacks maker Enjoy Life Foods. The acquisition came as many of the US industry giants were at the annual CAGNY investment conference in Florida to outline how they are trying to navigate the significant change in the sector.
| 20 Feb 2015
The annual Consumer Analyst Group of New York investment conference in Florida is one of the key dates in the industry calendar in the US. And this year's event, held this week, could mark a watershed moment.
| 6 Feb 2015
This week, Tesco found itself in more deep water with the UK's grocery watchdog saying it suspects the UK supermarket has breached the code of practice governing dealings with suppliers. Elsewhere, Arla announced a joint venture in Australia which it hopes will multiply its business in the country significantly and Hain Celestial's CEO was upbeat about the US group's prospects.
| 6 Feb 2015
Tesco is to be the first UK retailer investigated for alleged breaches of the country's groceries code in the wake of its mis-statement of profits, it was announced this week. Elsewhere, a staff error led to Fonterra losing its licence to ship cheese to the US and Mars revealed it will close a chewing gum plant in Canada.
| 4 Feb 2015
Earth's Best baby food and Hartley's jam maker Hain Celestial today (4 February) lowered its forecast for annual net sales.
| 16 Dec 2014
Our analysis of the key developments and trends in emerging markets - both within the countries and how local companies are eyeing expansion - attracted your attention in 2014.
| 6 Nov 2014
Hain Celestial has booked an increase in first-quarter sales and adjusted earnings but a butter nut recall weighed on the group's net result.
| 26 Aug 2014
This week, Russia eased off on its Western import ban, announcing a list of products it would allow into the country. Elsewhere, the takeover battle for Chiquita Brands International took a new twist when juice maker Cutrale Group called on the produce giant's shareholders to vote against its planned merger with Fyffes. Meanwhile, German food giant Dr Oetker struck a deal to buy McCain Foods' North American pizza business.
| 26 Aug 2014
Russia's food embargo still stands but this week it eased the ban to allow in some agricultural commodities to bolster its food production. The Chiquita takeover saga continued with bidders Cutrale Group and Safra Group appealing to the produce group's shareholders to vote against its merger with Fyffes. Elsewhere, we analysed the performance and outlook for Lindt & Sprungli and Hain Celestial, two companies enjoying robust growth.
| 20 Aug 2014
Hain Celestial, the US food group, has booked an increase in full-year profits thanks to "record" sales in the period.
| 21 Jul 2014
This week, Lindt & Sprungli announced it was stepping up its presence in the US with the acquisition of Russell Stover Candies. Hain Celestial bought the remaining share of the Hain Pure Protein joint venture and Grupo Bimbo revealed its plan to grow its presence in Ecuador with the acquisition of Supan. Elsewhere Mondelez announced it was splitting its cheese and grocery unit from the rest of the business. Here is the week in quotes.
| 18 Jul 2014
Hain Celestial has taken control of its Hain Pure Protein venture from partner Pegasus Capital Advisors in a US$40m deal.
| 12 May 2014
This week a swathe of quarterly results were accompanied by strategic announcements. Mondelez International said it is stepping up its work on margins and increasing its focus on snacks, separating its coffee business. Tyson Foods insisted it remains well-placed to pursue M&A in the US and internationally. And Hain Celestial updated us on the progress it has made following its recent acquisition spree.
| 8 May 2014
Shares in Hain Celestial rose almost 7% in New York this morning (8 May), as the US natural and organic group booked an increase in sales and earnings.
| 29 Apr 2014
Hain Celestial has agreed to acquire US organic and gluten-free bakery group Rudi's Organic Bakery from Charterhouse Equity Partners for US$61.3m.
| 25 Apr 2014
Turkey firm Bernard Matthews has appointed Rob Burnett, the CEO of the UK arm of Hain Celestial, as its chief executive.
| 10 Feb 2014
Wal-Mart, the world's largest retailer, caused a stir when it lowered its full-year forecasts this week due to pressure on US sales. Retail sales in the country have entered an upward trajectory and close competitor Target Corp has been hit by a data breach scandal - but Wal-Mart has apparently failed to capitalise. Likewise, Kellogg missed market expectations when it reported fourth-quarter numbers due to an accelerating decline in North American revenues. Here are the highlights from just-food this week.
| 10 Feb 2014
Sales growth at Hain Celestial fell slightly short of expectations, prompting the question of whether the natural and organic group is trying to run before it can walk. Elsewhere analysts picked up on Wal-Mart's failure to impress with its quarterly figures. Kellogg results also fell short and CEO John Bryant insisted the initial start-up costs of Project K will pay off in the long term.
| 5 Feb 2014
Hain Celestial has raised its full-year sales and earnings forecast despite missing market expectations in the first half of its financial year.
| 2 Jun 2015
News that Abbott Laboratories launched a GMO-free version of its Similac infant formula caused quite a stir in the US over the past week. Not to be overlooked, Hain Celestial was quick to point out that it too offers an infant formula that is GMO-free under its Earth's Best Organic brand.
| 20 Aug 2014
Hain Celestial founder, president and CEO Irwin Simon is not one to maintain a stony face when discussing his company's performance. This morning's (20 August) conference call was no exception.
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