USA: Kellogg to close Georgia plant by end of 2015
Cereal giant Kellogg has announced it intention to close its plant in Columbus (Georgia) with the loss of 325 jobs. The move is part of a restructuring program named Project K which will reduce 7% of the company’s global workforce over the next four years and which is expected to generate cash savings of between […]
USA: Walmart announces new US president & CEO
Wal-Mart has announced that it has promoted Greg Foran to president and CEO for its US operations. He will succeed Bill Simon, who will be transitioning out the company, the company said in a statement. Mr Foran will start his new role at the beginning of August, reporting directly to Doug McMillon, President and CEO […]
Innovation Insight: Boscia Tsubaki Oil-Infused Exfoliating Powder
This week Gama takes a look at an in-vogue category in the health and beauty industry – exfoliant powders – with the debut of Boscia Tsubaki Oil-Infused Exfoliating Powder. Boscia Exfoliating Powder, a new launch available in markets including the USA, Canada and Malaysia, is an illustration of the growing interest in powder exfoliants as […]
Canada: Agropur Dairy to buy Davisco International
Agropur, Canada’s largest dairy group, has continued its spate of M&A activity by agreeing to buy American dairy company Davisco International, Food Business News reports. The terms of the acquisition, although not fully disclosed, include Davisco three cheese processing factories in Le Sueur, Minn. Jerome, Idaho, and Lake Norden, S.D., and also an ingredients plant […]
USA: Weak Diet Coke demand dampens Coca Cola’s sales
Coca-Cola Co. has reported its sales for its fiscal second quarter, revealing results below analyst expectations. The lower than expected numbers were primarily due to poorer performance in its flagship North American market where demand weakened for Diet Coke, according to media reports. Sales volume in North America was flat despite a significant increase in […]
USA: Hain Celestial Group buys remaining 51.3% of Hain Pure Protein
Hain Celestial Group has acquired the remaining 51.3% of the Hain Pure Protein Corporation (HPP) for $40 million. Announcing the deal in statement, Hain Celestial said it had purchased the remaining amount from an affiliate of Pegasus Capital Advisors. HPP is an antibiotic-free and organic poultry company, with products ranging from fresh and frozen Free […]
USA: Birchbox launches first store in New York
According to Premium Beauty News, Birchbox has launched its first retail store in New York City after defining itself through an online store and “beauty boxes” sent to subscribers. The store is said to feature 2,000 products from 250 brands including Smashbox, Caudalie, Jouer, Supergoop!, Cynthia Rowley, Baxter of California, Lab Series, and Art of […]
USA: Nestle extends Pure Life water brand with new Exotics range
Nestle has extended its Pure Life water brand in the USA, with a new fruit-flavoured Exotics range, Just Drinks reports. Described by Nestle as being “made by infusing all-natural essences of exotic fruits into sparkling water”, the range is free from both calories and sweeteners, according to packaging claims. Exotics targets consumers “who are moving […]
USA: Lindt & Sprungli to acquire Russell Stover Candies
Lindt & Sprungli has acquired the American confectionery company Russell Stover Candies, in a move that will see Lindt become the third largest chocolate manufacturer in the USA. The company announced that the deal would allow it to penetrate further into the American market through brands including Lindt, Ghiradelli, Russell Stover and Whitman’s. Russell Stover […]
USA: Tobacco industry set for shake-up with Lorillard acquistion
In a move that is set to shake-up the US tobacco market, Reynolds American Inc, the second-largest player in the country, has acquired the third largest, Lorillard Inc for $25 billion, or $27 billion including debt. Reynolds, which owns brands such as Camel and Pall Mall, will now get a stronger foothold in menthol cigarettes […]