Kraft Heinz's takeover bid for Unilever came as something of a shock today – not least because of the seeming unlikely pairing of the 3G Cap...
The speculation linking Kraft Heinz to a possible bid for Mondelez International is casting just-food's mind back seven years and giving it...
Kraft Heinz's third-quarter results won praise from some on Wall Street but the US food giant still faced questions about its performance in Europe. The company pinpointed the UK as a problem area and outlined its plans to breathe fresh life into its business in the country.
Zero-based budgeting is not a new concept. It was developed around five decades ago by Peter Pyhrr, an account manager at semiconductor firm Texas Instruments. After being taken up by US president Jimmy Carter in the 1970s, the method fell into obscurity. Recent years have seen it experience a revival in the food industry. In this series of articles, just-food examines zero-based budgeting and asks if it is a miracle diet for packaged food companies seeking a shapelier margin profile.
Mondelez International, the owner of Cadbury, Milka and Toblerone, this week announced the end of its plans to gobble up another chocolate major, US-based group Hershey. Now the prospect of a US$23bn takeover is off the table, industry watchers are speculating about what could be on the horizon for both companies. Dean Best reports.
Hershey turned down a takeover approach from Mondelez International last week (30 June). At US$107 per share, the cash-and-shares offer valued the Reese's Pieces maker at approximately US$22.83bn. Here is just-food's summary of what you need to know about the deal.
Kraft Heinz has pulled its GBP112bn (US$139.1bn) takeover bid for consumer goods giant Unilever.
Kraft Heinz has indicated it is still working towards a merger with Unilever after revealing today (17 February) the European consumer goods giant had turned down an initial approach.
Kraft Heinz continued to grow its margins in 2016 and returned to positive organic top-line growth, even as it booked lower sales.
Kraft Heinz has struck a deal with the developers of the children's characters Peppa Pig and Paw Patrol to launch a range of toddler snacks in the UK.
Kraft Heinz is launching a "no added sugar" version of Heinz Beanz in the UK, a product that will replace the 50% Less Sugar line on sale in the market.
Kraft Heinz has launched a joint venture with US talk show host and media magnate Oprah Winfrey called Mealtime Stories to "make real, nutritious products more accessible to everyone".
Kraft Heinz has furthered cut the salt in the Heinz tomato ketchup on sale in the UK that contains lower levels of salt and sugar than the standard variant.
Kraft Heinz is expanding its Velveeta cheese brand into the frozen aisles in the US with the launch of two snack products.
Shares in Mondelez International jumped in after-hours trading in New York yesterday (14 December) after reports surfaced Kraft Heinz could be preparing a takeover attempt for the Oreo and Cadbury owner.
Kraft Heinz, has denied claims in Egypt its local business has used "rotten tomatoes" to produce its namesake ketchup in the country.
Kraft Heinz has urged its shareholders to reject an unsolicited "mini-tender" offer from investment fund TRC Capital Corporation.
Greencore plans to quadruple its sales in the US with the US$748m acquisition of convenience food group Peacock Foods.
Shares in US food majors including Mondelez International and General Mills rose yesterday (8 November) after Brazilian reports suggested investment firm 3G Capital is raising US$8-10bn to fund more acquisitions.
Kraft Heinz booked higher third-quarter profits as aggressive cost cutting continued to offset lower sales.
Kraft Heinz has launched Heinz Power Sprouts, a high-nutrition health drink "enriched with the power of sprouted grains", in India.
Coca-Cola Amatil is reportedly preparing to sell its Australian fruit and vegetable unit, SPC Ardmona, next year.
Kraft Heinz has called on UK grocers to remember the "importance" of innovation in growing sales as they "re-set" their ranges, moves they believe will make the shopping trip simpler and help alleviate the competitive threat of discounters Aldi and Lidl.
Kraft Heinz is adding a new line of products to its US pudding mix brand Jell-O that contain "real ingredients".
A coalition of 40 institutional investors representing US$1.25trn in funds is urging 16 multinational food companies – including Kraft Heinz, Unilever, General Mills and Nestle – to take action on the "material risks" posed by industrial animal production.
A breakdown in talks that led to a number of Kraft Heinz products being temporarily delisted in the Netherlands by newly-merged supermarket operators Ahold and Delhaize, has been resolved, just-food was told today (20 September).
Kraft Heinz has decided to keep open a site in the US it had earmarked for closure last year.
Pinnacle Foods is suing Kraft Heinz in the US over an alleged trademark infringement after the launch of the Devour frozen ready-meal range.
Kraft Heinz has rolled out a range of ready meals in the US under a new brand, Devour.
Australian health campaigners have warned prepared meals aimed at toddlers in the country are "too salty", with children consuming their entire recommended daily intake of salt in a single meal.
Market speculation over a possible takeover of Kellogg surfaced this week, with the snacks-to-cereal maker linked to both Kraft Heinz and Coca Cola Co.
Kraft Heinz has won through in a court case over the rights to the Dip & Squeeze packets used for its Heinz tomato ketchup.
Global Baby Food and Infant Formula Market 2016-2020
Infant formula is either a partial or a complete replacement for breast milk for infants aged under one- year old....
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