USA: P&G denies Pringles, Folgers sale rumours
US food and consumer good giant Procter & Gamble has denied that it is considering the sale of its snacks business, which includes the Pringles crisps brand, and its Folgers coffee brand.
"We are not shopping Pringles," chief financial officer Clayton Daley told investors at a conference in Boston. He added that P&G did not plan to sell its Folgers coffee brand either, reported Dow Jones Business News.
Rumours have been circulating this week that P&G is considering the sale of the two brands in order to finance a bid for German consumer products giant Beiersdorf, which owns the Nivea skin-care brand.
Separately, P&G raised its forecast for first-quarter earnings, citing strong volume growth.
The company now expects earnings for the quarter to 30 September to increase by 19-21% from US$1.04 a share a year earlier.
The arrival of the administrators at Golden Wonder, the former leading crisp manufacturer and household brand name in the UK, last week provided the coup de grace for an iconic but struggling brand th...
Tayto has announced the acquisition of the Golden Wonder manufacturing facility in Scunthorpe and the Golden Wonder Brands....
Tayto is close to winning the race to acquire what's left of the Golden Wonder snack food business, industry sources have told just-food....
Premier Foods is understood to have entered negotiations with the administrator of the beleagured UK snack food company Golden Wonder about the possible acquisition of the company's remaining assets, ...
Stephen Hutchinson, managing director of Irish snack manufacturer Tayto, confirmed the company's acquisition of the Golden Wonder factory in Corby and the contract to make Pringles' Minis for Procter ...
Tayto have confirmed a report, which appeared yesterday (12 January) on just-food, that the snack manufacturer from Northern Ireland has acquired the Corby site and contract to produce Pringles' Mini'...
Tayto is to acquire part of the beleaguered Golden Wonder business, in a deal that is expected to be announced tomorrow (13 January)....
US consumer goods giant Procter & Gamble, which owns the Pringles snacks and Folgers coffee brands, has reported higher sales and earnings for the first quarter....
- Danone's Q1: four things to learn
- Who will buy Danone's Stonyfield business?
- Column: Why snacking is the new meal
- Nestle Q1 update: four things to learn
- Opinion: Big Food needs to think radically
- Nestle to cut UK confectionery jobs
- PepsiCo affirms full-year target as Q1 hits mark
- Tyson to buy burger-to-entree firm AdvancePierre
- Tyson shops Sara Lee bakery, Kettle and Van's
- TreeHouse Foods sells soup, baby food units