USA: Kraft Heinz launches frozen meal brand Devour
Kraft Heinz, one of the world’s largest food and beverage firms, has entered the $7.2 billion frozen meal market with the introduction of a new Devour brand that offers a line of “crave-able meals”. According to the manufacturer, the new brand offers meals “so ridiculously delicious you would never expect them to come from the […]
USA: P&G posts decline in annual net sales
P&G, the multinational healthcare and household firm, has reported earnings of $65.3 billion, a decrease of 8% versus the prior year, for the financial year ending 30th June 2016. The US firm reported a negative six percentage point impact from foreign exchange and a negative two percent from the combined impacts of Venezuela and minor brand divestitures. […]
USA: Dollar General buys 41 former Wal-Mart stores
Dollar General, the US-based discount retail chain, has announced that it has acquired and plans to reopen dozens of stores previously owned by multinational retail giant Wal-Mart. The low-cost supermarket group said it had acquired 41 of 102 Wal-Mart Express stores closed by its larger rival in January, and plans to relocate 40 of its […]
USA: L’Oreal acquires IT Cosmetics
L’Oreal, the French cosmetics giant, has announced the signing of a definitive agreement to acquire US firm IT Cosmetics for $1.2 billion in what is the firm’s largest acquisition in eight years. According to L’Oreal, IT Cosmetics is one of the fastest growing prestige beauty brands in the United States, offering more than 300 high-performance […]
USA: P&G to relinquish multiple personal care brands
P&G, the leading FMCG multinational, has confirmed the 43 health and beauty brands it is selling to cosmetics firm Coty, according to a report in Cosmetics Business. The sale will affect brands in professional hair care, retail hair care, fragrances and cosmetics. Some of the larger brands being divested are Nice N’ Easy hair colour, […]
USA: General Mills announces supply chain restructure
US food manufacturer General Mills has announced a global restructuring plan that will affect its operations in Brazil, China and the USA. In Brazil, the company said that, as part of plans to eliminate excess capacity, it would be closing factories in Marilia and Sao Bernardo do Campo in the state of Sao Paulo. Goods […]
USA: Yamazaki Baking buys Bakewise Brands
Yamazaki Baking, Japan’s largest bread and bakery firm, has announced the acquisition of bagel maker and distributor Bakewise Brands from Ancor Capital Partners and Merit Capital Partners. Based in New York, Bakewise Brands was established in 2010 as the corporate identity for Fleischer’s Bagels, which Ancor Capital Partners and Merit Capital Partners acquired in 2005, […]
USA: Unilever acquires Dollar Shave Club
Multinational consumer goods company Unilever has announced that it will acquire Dollar Shave Club, a manufacturer of male grooming products. According to Forbes, Unilever will pay $1 billion in cash for the US razor company, which offers direct-to-consumer monthly subscriptions of inexpensive razors, aiming to eliminate the overheads of bricks and mortar stores and pass the […]
USA: PepsiCo reintroduces Crystal Pepsi and Diet Pepsi with aspartame
PepsiCo, the multinational American food and beverage corporation, has announced the comeback of Crystal Pepsi as a limited edition in the USA and Canada due to“overwhelming fan demand” and in a bid to revive its soft drink sales, according to a report in Fortune. Crystal Pepsi, a clear coloured cola originally on the market between […]
USA: Premium Brands to construct sandwich facility
Premium Brands, a speciality producer, marketer and distributor of specialty food products, has announced plans to build a 212,000 sq ft, state-of-the-art sandwich assembly facility in Phoenix, Arizona, USA. The facility, which is scheduled to open in the second quarter of 2017, will take Premium Brands’ total production capacity to 610,000 sq ft and will complement the company’s existing […]