This week saw Chobani reveal it had rejected takeover offers, Mars announce plans to remove artificial colours from its food and Russia draw up plans to tax palm oil. Among the companies announcing 2015 results were PepsiCo and Kellogg. Click on the headlines for more.
Chobani targets growth after rejecting offers
Chobani has turned down offers from suitors interested in investing in the US yoghurt maker, just-food understands.
Mars to cut artificial colours from global food portfolio
Mars Inc. has said that it will remove all artificial colours from its human food products in an effort to meet “evolving consumer preferences”.
Russia draws up plans for tax on palm oil
The Russian government has drafted detailed plans to tax palm oil to reduce consumption of an ingredient it deems unhealthy and to boost revenue.
PepsiCo CEO Indra Nooyi warns “macro challenges” will continue
PepsiCo chief Indra Nooyi today (11 February) warned the global macroeconomic challenges facing business will persist in 2016, claiming she had not seen trading conditions of this nature in her time in business.
Kellogg seeing progress on US cereal but snacks in doldrums – analysis
Kellogg’s US business weighed on its results in 2015 but the company insisted its troubled US cereal business was seeing signs of improvement. However, the group’s domestic snacks arm is under pressure. Hannah Abdulla reports.
Dr Oetker to open new plant in India
Dr Oetker, the German food group, is setting up a new plant in India, where it has been looking to expand production for over five years.
Associated British Foods tables offer for Illovo Sugar
Associated British Foods has tabled an offer to acquire the shares in South Africa’s Illovo Sugar it does not already hold.
Abbott Laboratories “doubling down” on snack presence with further launches
US nutritionals-to-pharma group Abbott Laboratories is planning to “double down” on its presence in the US snacking sector.
Norac in talks to buy out French bakery group Gouters Magiques from Galapagos
French food group Norac in talks with industry investor Groupe Galapagos to take majority control of French bakery Goûters Magiques.