Mondelez International became the latest mainstream packaged food group to react to consumer trends in the US this week with a deal to buy free-from snacks maker Enjoy Life Foods. The acquisition came as many of the US industry giants were at the annual CAGNY investment conference in Florida to outline how they are trying to navigate the significant change in the sector.
Mondelez buys free-from snack maker Enjoy Life
Mondelez International has swooped for US free-from snack manufacturer Enjoy Life Foods in a bid to tap into rising consumer interest in their health.
Go deeper with GlobalData
Click here for an in-depth interview with Enjoy Life chief sales and marketing officer Joel Warady on why the company was looking for a “partner”, what Mondelez’s ownership means for the business and the fledgling firm’s growth ambitions.
CAGNY 2015
The CEOs of Mondelez International, General Mills and Hain Celestial were among the senior US food industry executives presenting this week at the annual investment conference in Boca Raton, Florida and we covered the latest key insights on the sector to emerge from the event.
10 Things to Learn: Nestle’s full-year results and the prospects for 2015
Nestle today (19 February) reported full-year results that were broadly in-line with expectations, along with a slight beat on margin. While the company is struggling to hit its medium-term organic growth target of 5-6%, the “Nestle Model”, it is nevertheless seeing efficiency gains while investing in its advantaged brands and categories. Here are some key points from Nestle’s full-year results.
Amira claims rival’s support against corruption allegations
Amira Nature Foods, the US-listed rice supplier facing allegations of corruption, has issued a statement from India-based rival KRBL distancing itself from the claims and supporting the business.
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