USA: Beam Suntory adds new CranApple flavour to Pinnacle Vodka range
Beam Suntory has released Pinnacle CranApple Vodka, adding to an existing line with more than 40 flavours. The new variety in the imported premium vodka brand range is characterized by a blend of tart cranberries and sweet green apples and is being released just in time for autumn festivities, Beam Suntory said in a statement […]
Canada: Dollarama to increase presence across the country
Discount retailer Dollarama has announced that it is set to expand towards 1,200 Canadian locations over the coming years, Canadian Grocer reports. The chain, which operates 917 stores, said that it expected to continue adding locations annually until it reached a saturation point of some 1,200 stores under its current store format. It said its […]
US: Starbucks launches new Evolution Fresh juices with organic chia
The Evolution Fresh brand line, part of the Starbucks group since 2011, has been expanded to include new varieties based on organic chia. The new Cold-Pressed Organic Splendid Carrot smoothie is said to feature carrots accented with a sweet citrus burst from orange and pineapple. Chia seed powder, cucumber, ginger and turmeric are said to […]
USA: General Mills signs definitive agreement to acquire Annie’s
CPG giant General Mills has announced that it is to acquire Annie’s, a leading US producer of branded organic and natural food products, for $820 million. According to a company statement, Annie’s will join the General Mills US natural and organic product portfolio, which includes the Cascadian Farm, Muir Glen, Larabar and Food Should Taste […]
USA: Archer Daniels Midland to sell chocolate business to Cargill
Cargill, the largest privately held corporation in the United States in terms of revenue, has revealed that it has agreed to purchase the global chocolate business of the food processing and commodities trading firm Archer Daniels Midland (ADM). The transaction is valued at $440 million and includes ADM’s three North American chocolate plants, located in […]
Canada: Walmart launches “Grab & Go” collection service
US multinational retail corporation Walmart has launched a new service designed to make it easier for customers to collect goods they have purchased online. According to the company website, the “Grab & Go” service allows the customer to place an order through Walmart’s online store and pick it up at any location equipped with one […]
USA: Inter Parfums posts strong Q2 results
Inter Parfums has announced its results for the second quarter ended June 30th, reporting that net sales of ongoing brands increased by 22.1% to $118 million from $97 million while net income increased to $6 million from $4 million in 2013. Cosmetics Business reports that Europe-based operations generated ongoing brand sales of of $95 million, […]
USA: Elizabeth Arden reports largest ever quarterly loss
Elizabeth Arden’s financial woes have continued as the multinational cosmetics firm reported a net loss of $155.9 million for the fourth quarter of its financial year, compared to a loss of just $5 million for the same period of the previous year. The results comes on the back of a $26.5 million loss in the […]
USA: OPI launches Neons collection
Nail varnish manufacturer OPI has launched its first full size neon shades for consumers, a move described by the company as a “welcome addition to OPI’s permanent line”. The Beauty Hub reports that the line arrives in time for summer with electric shades of lemon-lime, tangerine, hot pink, coral, lime and purple. Suzi Weiss-Fischmann, OPI […]
USA: Coca-Cola enters into strategic partnership with Monster in $2 billion deal
The Coca-Cola Company (Coca-Cola) and Monster Beverage Corporation (Monster) have announced a new definitive agreements for a long-term strategic partnership between the companies. The deal, announced in a statement, is valued at $2.15 billion dollars and will see Coca-Cola acquire a 16.7% stake in Monster. As part of the agreement, Coca-Cola and Monster have agreed […]