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Yoghurt leaves sour taste for General Mills

24 Mar 2016

Yoghurt is the latest niggle on General Mills' list of woes, the Yoplait owner revealed on a conference call on its third-quarter and nine-month results yesterday (23 March).

General Mills to hit organic farming target earlier than expected

10 Mar 2016

General Mills believes it will reach a target of doubling its organic acreage in 2019, a year earlier than the Annie's owner had originally estimated.

General Mills injecting health into cereal strategy - CAGNY

16 Feb 2016

General Mills plans to launch more gluten-free cereals and take its Annie's brand in the category in order to build on the growth the company has seen from aiming cereal products at more health-conscious consumers in the US.

Why General Mills must tread carefully with new asset Epic Provisions

11 Jan 2016

Either side of Christmas, General Mills turned to M&A to try to inject some growth into its business. On 23 December, the company announced a move to buy Brazilian yoghurt maker Carolina to bolster its operations outside the US. Last week, General Mills swooped again, this time domestically, snapping up fledgling US meat snacks firm Epic Provisions, another sign of the attractiveness of protein, snacks and sustainability for food majors. However, the Cheerios maker will have to be judicious in the way it manages the new asset. Dean Best reports.

General Mills buys US meat snacks maker Epic Provisions

6 Jan 2016

General Mills has snapped up US-based meat snacks company Epic Provisions, the group's second acquisition in two weeks.

General Mills to take Annie's into US yoghurt category

22 Dec 2015

General Mills is to launch US natural and organic brand Annie's into the country's yoghurt sector.

Why General Mills' home discomforts raise strategic questions

21 Dec 2015

General Mills' latest numbers have put the US food giant under scrutiny once more. Last week, the company reported lacklustre second-quarter sales and cut its forecasts for annual sales and earnings. The group's domestic business, which has been under pressure for a number of years now, saw sales fall, leading industry watchers to ponder what lies ahead in 2016 and beyond for the company. Dean Best reports.

General Mills cuts FY sales and earnings forecasts

17 Dec 2015

General Mills today (17 December) lowered its forecasts for annual sales and earnings on the back of lower sales in the second quarter, when the US group's domestic performance was subdued.

Food industry quotes of the week - Kellogg, KitKat

21 Sep 2015

This week, Kellogg announced plans to increase its exposure in Africa through a joint-venture with local player, Tolaram Foods. Elsewhere, Tyson Foods was once again in the spotlight over animal abuse allegations. Nestle lost its battle to trademark its KitKat product in the European Court of Justice Midamar pleaded guilty to allegations it mislabeled products for export as halal.

just-food's pick - Natural Products Expo East 2015

18 Sep 2015

The natural products sector has waived in a seismic shift in the mainstream shopping habits of American consumers. This has attracted the attention of legacy brand manufacturers. But as the forces of big food look to cash in, SMEs have leveraged their agility to focus on delivering new products. Here is just-food's pick of some of the most exciting new products on show from SMEs at this year's Natural Products Expo East.

General Mills launches organic soup line

16 Sep 2015

General Mill's natural food business Annie's is launching a line of certified organic soups.

General Mills' Annie's expands cookie range

29 Jul 2015

General Mills' US unit Annie's Inc has added to its cookie range in the US.

General Mills adds to Annie's Mac & Cheese range

10 Jul 2015

General Mills-owned natural and organic food group Annie's has expanded its range with the addition of five macaroni & cheese varieties.

On the money: Can General Mills improve US sales through innovation?

3 Jul 2015

General Mills has been hit by category softness and changing consumer preferences at its US business. With US retail sales representing the group's largest revenue stream, this has weighed on the group's overall results and addressing these issues is a priority for the Cheerios maker. But are General Mills' product innovation and renovation plans enough to get the top line moving in the US? Katy Askew investigates.

US performance weighs on General Mills

1 Jul 2015

General Mills has conceded that the performance of its US brands weighed on full-year sales and earnings in a 12 month period that the company described as “mixed”.

Editor's viewpoint: Why Heinz-Kraft merger could herald more deals

30 Mar 2015

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 new consumer habits. There have already been signs some are turning to M&A - think of the sales of Bolthouse, of Annie's and even Krave jerky last month - and the Kraft/Heinz mega-merger suggests deal-making could accelerate.

Food industry quotes of the week; Nestle, Danone, Premier Foods

20 Mar 2015

Last week, just-food was live at the Consumer Analyst Group Europe conference, where some of the largest industry names including Nestle, Strauss and Danone provided business updates. Elsewhere, Mars confirmed plans to invest in a Snickers production plant in India. Rumours were also rife General Mills was looking to offload its Green Giant business. Here is the week in quotes.

General Mills reports 9M profit, sales fall

18 Mar 2015

General Mills today (18 March) posted lower nine-month sales and profits amid signs the US group's domestic business remains under pressure.

Comment: US legacy brands still have pulling power

18 Mar 2015

Up-and-coming categories and companies are increasingly setting the pace in the US food sector. Demand for natural, healthy, fresh and sustainable products is on the rise. This has left legacy brands facing slumping sales. But, as yesterday's Kraft Foods Group recall shows, there is still considerable interest in the old brands, Katy Askew suggests.

Comment: Why "simple" and "real" will be industry buzzwords this year

23 Feb 2015

If there's one thing the industry is sure of, it's that consumer demand for cleaner, simpler food is on the rise in the US. This was underlined by the repeated mention of the topic through the course of the Consumer Analyst Group of New York event last week, Hannah Abdulla notes.

CAGNY: General Mills craving better-for-you growth

18 Feb 2015

Right-sizing and a continued acceleration to position itself as a "better-for-you" food maker are likely to feature heavily on General Mills' agenda in the near term, an audience at this year's Consumer Analyst Group of New York investment conference was told.

Briefing: 2015 preview: How to get better deal for main-street M&A sellers in 2015

2 Jan 2015

Upward pressure is continuing in food industry M&A transactions, as demonstrated by some large public deals in 2014. However that has not fed through to smaller, non-public deals, which make up the bulk of M&A deals. Stefan Kirk draws attention to one potential driver of higher-equity values, and thus higher transaction volume, in so-called main-street M&A - changes in valuation methodology, forced over the line by long-term low interest rates.

Interview: Boomchickapop owner says "transparency" is vital for the future of popcorn

2 Dec 2014

Americans consume 16bn quarts of popcorn annually, with 70% of popcorn eaten at home. Capturing a share of this is all about keeping it simple and being honest with consumers, Angie Bastian, co-founder of popcorn firm Angie's Artisan Treats tells just-food's Hannah Abdulla.

General Mills cuts sales, earnings forecasts

7 Nov 2014

General Mills has lowered its forecasts for annual sales and earnings, blaming "continued weak food industry trends" in the US and "slowing growth" in key emerging markets.

Annie's emphasises cow welfare with latest launch

9 Oct 2014

Annie's, the US organic food maker set to be acquired by General Mills, has launched a "grass-fed" macaroni and cheese line, targeting consumers interested in animal welfare.

Comment: US food giants slow to react to changing attitudes to health, sustainability

8 Oct 2014

Some of the largest food manufacturers in the US have been sluggish to react to a consumer-led revolution around attitudes to health,wellness and sustainability. In a soft consumption environment they are now paying the price: struggling to make inroads into an area of growth in the US and losing market share to challenger brands, Katy Askew argues.

Editor's choice: the highlights on just-food last week

22 Sep 2014

After General Mills' move to buy Annie's, M&A advisor Stefan Kirk took to just-food's pages to argue Lifeway Foods could be a takeover target for Danone. General Mills, meanwhile, battling to improve the performance of its US business revealed it will close two plants. And we took a look at the most eye-catching products being showcased at the Natural Products Expo East show in Baltimore.

Editor's choice: the highlights on just-food last week

15 Sep 2014

M&A was once more a focus on just-food as consolidation of the food sector continued. US natural and organic food group Annie's was snapped up by General Mills.

Quote, unquote: just-food's week in words

15 Sep 2014

In this week's big acquisition, General Mills moved to boost its domestic business with a deal to buy natural and organic firm Annie's. Elsewhere Arla Foods announced it had entered the race to take over Egypt's Arab Dairy Products Co. Indian dairy firm Amul hinted at plans to start exports to Russia while local conglomerate ITC announced it would grow its presence in the Indian dairy sector. Things also continued to heat up in the battle for Chiquita Brands International, with the produce giant announcing it had been granted a waiver from Fyffes to enter into discussions with Cutrale Group and Safra Group.

Editor's viewpoint: US health food in play - but could be pricey

11 Sep 2014

General Mills' move for Annie's has further fuelled the belief US natural and organic food companies, including Hain Celestial and WhiteWave Foods, could become takeover targets for mainstream groups searching for growth. But the price General Mills has agreed to pay for Annie's also underlines such deals would likely be expensive.

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