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All Things Organic: New products show organic sector is alive and kicking

4 Jun 2003

Now in its third year, the "All Things Organic" conference and trade show" is growing in stature alongside the dynamic sector it represents. Bruce Hoggard wore out a lot of shoe leather so he could bring us this report on the most exciting and innovative developments in the organics sector presented last month in Texas, both on the exhibition floor and in the conference rooms. Hoggard walks us through the show.

WORLD: New innovative worldwide food product introductions

6 Dec 2002

Here are some of the new food product introductions registered by Mintel's Global New Products Database this past month around the world.

US producers’ softly-softly approach to growing organic market

25 Nov 2002

The US organics sector may still be dominated by small food producers, but the multinationals are dipping their toes in the water. Wary of launching organic products on the US market, US food manufacturers are increasingly using organic-friendly Europe as a test bed, or buying up existing organic brands, reports Philip Fine.

INDIA: Baskin Robbins branches test new retail channels

17 Oct 2002

The Indian operation of luxury ice cream business Baskin Robbins is planning to retail pre-packed cups of ice cream in shopping malls, supermarkets and hypermarkets across India. The company, a subsidiary of UK spirits and food group Allied Domecq, currently sells its ice cream through dedicated parlours, but wants to target a wider audience.

USA: Cargill unit buys chocolate rival from Nestlé

15 Oct 2002

Wilbur Chocolate, a unit of US agribusiness giant Cargill, has announced that it has acquired California-based Peter’s Chocolate from Nestlé USA. The deal, of which financial terms were not disclosed, has made Wilbur Chocolate the number one US chocolate supplier to confectioners and bakers.

Frozen assets: Convincing consumers to return to frozen foods

21 Aug 2002

Health consciousness? Cafe/restaurant styling? Pardon me, I thought I was in the frozen foods section! You are, says John Corbett of the Grocers' Review. Frozen foods are really cool now...

UK: Food Commission slams breakfast cereals

30 Jul 2002

A new study by the UK’s Food Commission shows that some breakfast cereals contain as much sugar and fat as five chocolate chip cookies – and goes on to name and shame the worst offenders. The Food Commission said that Quaker’s Harvest Crunch with Red Berries contained the highest level of saturated fat. A 50g serving contained 6g of fat, 13g of sugar and just 2g of fibre, which the Commission said was the same as five of Sainsbury’s chocolate chip cookies.

CANADA: So Soya+ launches convenience meal options

15 Jul 2002

Toronto-based So Soya+ Inc has launched a range of "So Soya+ Instant Meals" in order to cater for consumers looking for easier ways to incorporate soy in their diet. "The market for convenient 'meals on the go' is increasing rapidly due to a time crunch as people lead busier lives and have longer work days. A healthy option for 'meals on the go' ties in with the trend towards eating healthier," said the company.

UK: Crunch time for Golden Wonder as Pepsi, Longolf buy up

28 May 2002

One of the UK's best known crisps producers, Golden Wonder, is being spilt up and sold to arch-rival snack firm Walkers and Longolf, owner of the Skelmersdale-based food producer The Snack Factory.  The deal will see Longolf control brands such as Nik Naks, Wheat Crunchies and the flagship Golden Wonder crisps, as well as the company's supermarket contract business. Meanwhile Walkers will take on the cheesy Wotsits brand in a separate deal.

USA: Salted snacks market worth US18.8m in 2001, due to product innovation

17 May 2002

The market for salted snacks in the US has grown at an annual rate of over 7% since 1997, thanks largely by a growing trend of product innovation; of tweaking existing products with new flavours, shapes and textures to reignite consumer interest. Packaging trends, including convenience size products, are also serving to energise a flagging market, according to the US Market for Salted Snacks report published by MarketResearch.com. Americans are far more time-pressed today than they have been in the past, and the current popularity of conveniently packaged foods attests to the ways in which this time crunch has altered dietary habits.

UK: Researchers warn that multi-channel retailing is the way forward

16 Apr 2002

This year is a "crunch year" for multi-channel retailing, according to the latest research by Forrester and Zygon, which acts as a multi-channel specialist for catalogue and product information management solutions. Indeed, all the UK retailers surveyed by Zygon believe that multi-channel retailing (selling products to customers via multiple routes; in-store, web, idTV, catalogue, SMS) will be "business as usual" by 2003. In total, 20% of companies are implementing multi-channel retailing now, 80% will have it implemented by next year.

USA: General Mills reports flat Q3 earnings, "clearly not a strong quarter"

21 Mar 2002

US cereals behemoth General Mills recorded sales up 82% to US3.1bn for its fiscal Q3, ended 24 February 2002, which the company explained reflected incremental revenues from the worldwide Pillsbury businesses, acquired on 31 October 2001. Earnings before interest and taxes, excluding unusual items, meanwhile totalled US$298.3m, essentially flat year on year. Interest expense of US$146.8m was up significantly from US$55.4m in the prior period, due to increased debt levels associated with the Pillsbury acquisition. As a result, earnings after tax, excluding unusual items, declined by 33% to US$106.9m. Average diluted shares outstanding increased 29%, to 378 million, reflecting the 79 million shares issued as part of the Pillsbury purchase. Diluted earnings per share before unusual items totalled 28 cents, down 48%.

USA: Good Times launches new frozen custard flavors for Spring/Summer

7 Mar 2002

Following the successful introduction of frozen custard specialty flavors for the holidays, Good Times Burgers & Frozen Custard has announced that it will now launch a series of new specialty flavors beginning 1 April.

USA: ConAgra Foods acquires David(R) sunflower seeds business

24 Dec 2001

OMAHA, Neb./PRNewswire/ -- ConAgra Foods, Inc. (NYSE: CAG - news) today announced that it has purchased the David & Sons sunflower seeds and snack business from Nestle USA, Inc., a subsidiary of Swiss-based Nestle S.A. Terms of the transaction were not disclosed.

Dull and crisp and for the diet season? Moving forward in the snack bars sector

29 Nov 2001

The snack bar category has evolved dramatically over recent years, adapting to wider market trends and shedding its dry and tasteless reputation as the father figure of the early diet foods. Amanda White takes a look at the latest product developments within the sector and presents an overview of the current market trends.

USA: Ice Cream Partners USA purchases Rock Island Foods, Inc.

27 Sep 2001

Ice Cream Partners USA, LLC (ICP-USA) announced yesterday the purchase of Rock Island Foods, Inc., a leading independent ice cream distributor in California. Terms of the transaction were not disclosed. Rock Island Foods, Inc. has been an outstanding distributor for Nestle and Haagen-Dazs for many years and is recognized by its customers for superior service.

USA: Ice Cream Partners USA purchases Rock Island Foods, Inc.

27 Sep 2001

Ice Cream Partners USA, LLC (ICP-USA) announced yesterday the purchase of Rock Island Foods, Inc., a leading independent ice cream distributor in California. Terms of the transaction were not disclosed. Rock Island Foods, Inc. has been an outstanding distributor for Nestle and Haagen-Dazs for many years and is recognized by its customers for superior service.

USA: General Mills reports record first-quarter results

17 Sep 2001

General Mills (NYSE:GIS) today reported record results for its fiscal 2002 first quarter. Sales for the 13 weeks ended Aug. 26, 2001, grew 6 percent to $1.77 billion, fueled by 5 percent growth in the company's worldwide unit volume. Net diluted earnings per share (EPS) grew to 64 cents, up 16 percent from 55 cents reported a year earlier. The 64-cent total included a 3-cent net gain from unusual items, and a 1-cent charge representing the cumulative effect of adopting new accounting standard SFAS No. 133 for derivatives and hedging activities.

Getting the best of both worlds: Selling breakfast cereal across the Pacific

20 Aug 2001

The US market for breakfast cereals has been in steady decline for the past five years, but across the Pacific Euromonitor argues that Japan holds plenty of eastern promise for manufacturers. Clare Harman investigates the differences between the markets and the potential for the future of cereals.

WORLD: New food product introductions from around the world

10 Aug 2001

Mintel's Global New Products Database has seen many new food product introductions last month from around the world. Novel biscuit flavors Novel flavors have appeared in the sweet biscuits category in this issue. Green tea, already popular in drinks in Asia, has been used in new Mic's branded cookies from Ming Chi Food in Singapore.  In the UK, Fox's new biscuits, Sprinkle Crinkle Crunch, feature a honeycomb biscuit base.  In the Netherlands, Mars countline brands (including M&M's and Twix) are being used in new biscuit snacks from Masterfoods.

USA: General Mills reports record EPS of $2.28 for fiscal 2001

27 Jun 2001

General Mills today reported record financial results for its fourth quarter and full 2001 fiscal year. Diluted earnings per share for the year ended May 27, 2001, totaled $2.28, up 14 percent from $2.00 earned in fiscal 2000. Results for 2001 included an unusual gain of 8 cents per share. Excluding unusual items, diluted earnings per share grew 10 percent, to $2.20. Diluted earnings per share excluding unusual items and goodwill amortization (often referred to as cash EPS) also grew 10 percent to $2.28.

USA: Ice Cream Partners USA purchases Tom Rogers Distributors, Inc

11 Jun 2001

Ice Cream Partners USA, LLC (ICP-USA) announced Friday (8 June) the purchase of Tom Rogers Distributors, Inc., a leading independent ice cream distributor in Oregon. Terms of the transaction were not disclosed. Tom Rogers Distributors is an ice cream distribution company covering most of the state of Oregon. They currently distribute Haagen-Dazs, Breyer's and Good Humor, M&M Mars and several other brands. Tom Rogers Distributors, Inc. has been a long term, dedicated Haagen-Dazs distributor and has been recognized for outstanding execution in the marketplace.

USA: Ice Cream Partners USA purchases Tom Rogers Distributors, Inc

11 Jun 2001

Ice Cream Partners USA, LLC (ICP-USA) announced Friday (8 June) the purchase of Tom Rogers Distributors, Inc., a leading independent ice cream distributor in Oregon. Terms of the transaction were not disclosed. Tom Rogers Distributors is an ice cream distribution company covering most of the state of Oregon. They currently distribute Haagen-Dazs, Breyer's and Good Humor, M&M Mars and several other brands. Tom Rogers Distributors, Inc. has been a long term, dedicated Haagen-Dazs distributor and has been recognized for outstanding execution in the marketplace.

UK: Worldwide new food product introductions

16 May 2001

Mintel's Global New Products Database has recently noticed a number of exciting worldwide new food product introductions. Bakery launches with nettles & licorice Two bakery lines reported in this issue use somewhat novel ingredients. Nettle, an ingredient we sometimes come across in toiletry products, is now found in a new Finnish rye bread from Linkosuon Leipomo.  Also in Finland are reformulated Carneval biscuits from Fazer Keksit.  They now have a touch of licorice flavor.  Licorice is a common confectionery item in Scandinavian markets, but it is unusual for the flavor to be applied in biscuits.

WORLD: Worldwide new food product introductions

4 May 2001

Mintel's Global New Product Database has seen a number of interesting new food product introductions. Flavor and shape novelties for cookies Cookie shapes and flavors are becoming more and more inventive.  Only recently we reported on cloud shaped cookies in China.  Now we have cranberry flavored cookies in China which are either mushroom or bamboo-shoot shaped.  They have been introduced by Meiji Seika.  In Brazil, a sweet and savory twist has been given to Replay sandwich cookies from Aymore.  They are filled with both cheese and guava.  In Japan, Ezaki Glico has launched a biscuit range including ingredients such as green tea and sweet potato.  In Finland, pineapple features in new Fazer Jaffa chocolate coated biscuits from Fazer Keksit.

FRANCE/UK: M&S to meet French Works Council

10 Apr 2001

Marks & Spencer said today that it would be meeting with the Works Council in France later this month to thrash out plans to close its 18 French stores. The retailer had a meeting with the Works Council today to draw up an agenda for a more formal meeting on April 24. Items on the agenda at the crunch meeting include the process and timings as well as a redundancy package for workers.

AUSTRALIA: Beekeepers join fight to keep New Zealand apples out

16 Mar 2001

Beekeepers have joined the campaign against the proposed importation of New Zealand apples, because of fears that the fire blight disease could devastate the honey industry. Mark Salter, president of the Tasmanian Apple and Pear Growers' Association , agreed that fire blight could well have a serious impact on beekeepers if the 80-year-old import ban is lifted. The disease is widespread in New Zealand’s orchards but there have been no major outbreaks in Australia.

USA: General Mills reports earnings of 54 cents per share in fiscal 2001 third quarter

14 Mar 2001

General Mills today reported record sales and earnings for its fiscal 2001 third quarter. Diluted earnings per share totaled 54 cents, up 8 percent from the 50 cents per share earned in the same period last year. Earnings before interest and taxes increased 5 percent to $295.8 million. Third quarter interest expense was higher, as anticipated, due to increased debt levels associated with prior-year acquisitions and share repurchases. As a result, earnings after tax grew 3 percent to $157.5 million. Sales for the 13 weeks ended Feb. 25, 2001, grew 5 percent to $1.70 billion.

NETHERLANDS: Questions over future of Recipeweb.com, with funding scarce

23 Jan 2001

The soufflé has sunk at Dutch dotcom Recipeweb.com , after it revealed that the necessary next round of funding, totalling €2.5m, is not forthcoming, and the online recipe publisher was facing bankruptcy. Recipeweb.com organised investment commitments totalling €1.5m, but without the remaining dough the company cannot keep afloat. A deadline of 28 February was given to find the funds after a court granted temporary protection from creditors earlier this month.

USA; Nestle USA'S Lean Cuisine brand takes Flooz.com offline

22 Jan 2001

Flooz.com Inc. ( http://www.flooz.com ), the e-commerce enabler and creator of the world's first gift currency, and Stouffer's® Lean Cuisine®, a premier frozen foods brand distributed by Nestle USA, today announced a co-sponsored promotion that will run through the end of February.

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