USA: ConAgra buys Chinese Tai Mei Potato Industry
ConAgra Foods, the American consumer goods company, has agreed to acquire the Chinese potato processor Tai Mei Potato for $93 million, Food Business News reports. The acquisition will expand ConAgra’s Lamb Weston operations, enabling it tap into the growing Chinese market for frozen potato products, the company said. Lamb Weston president Greg Schlafer commented: “We’ve […]
Innovation Insight: Drybar Gold Mine Shimmering Leave In Conditioner
This week Gama turns its attention to the haircare market – and the growing influence of glamour trends in the health & beauty industry – with the launch of Drybar Gold Mine Shimmering Leave In Conditioner. Recently unveiled for the summer season in the US, Drybar Gold Mine Shimmering Leave In Conditioner is a hair […]
USA: Walmart focuses growth plans on smaller stores and alcoholic drinks
Walmart is formulating plans to invest in smaller store sizes in an attempt to kickstart growth, according to reports from Giro News and the Wall St Journal. According to Giro News, the company’s mantra of “Everyday low prices” is no longer distinctive and the discounter has seen its price differential with rivals Target and Kroger […]
USA: Brynwood Partners buys Juicy Juice brand from Nestle
Private equity firm Brynwood Partners VII has bought the struggling Juicy Juice brand from Nestle USA, Food Business News reports. Specialised in reduced sugar products for children, the Juicy Juice brand has seen its sales drop back in recent years due to increasing concern about healthy products. “We look forward to bringing renewed focus and […]
Canada: Jamie Oliver teams up with retailer Sobeys
Jamie Oliver and Sobeys have teamed up to launch a “Compilations Presents: Jamie Oliver Discovers Canada” line, with the stated aim of helping Canadian consumers make the most of summer. The Canadian Grocer reports that the limited-edition summer-themed product will include 13 SKUs and is in line with Sobeys’ promise to provide consumers with sustainable […]
Canada: Supermarket chain Metro to buy stake in Premiere Moisson
Canadian supermarket chain Metro is to acquire a majority stake in Quebec bakery Premiere Moisson. The price of the purchase has not been disclosed. Among the aims of the deal is to allow the retailer to expand its offer in the bakery market, reports indicate. The Canadian Grocer reports that the bakery will retain 25% […]
USA: POM given approval to sue Coca-Cola over marketing claims
The US Supreme Court has recently ruled that POM Wonderful LLC may take Coca-Cola to court over claims that the latter’s marketing of Minute Maid pomegranate blueberry juice is misleading to consumers. Food Business News reports that the juice contains 0.3% pomegranate juice and 0.2% blueberry juice while less expensive apple and grape juice combine […]
USA: Ben & Jerry’s enters GMO debate with Food Fight Fudge Brownie
Stated to be in support of its home state Vermont’s new labelling law on genetically-modified organisms (GMOs), Ben & Jerry’s has changed the name of its Chocolate Fudge Brownie to Food Fight Fudge Brownie. Entering the GMO debate, Jerry Greenfield, co-founder of Ben & Jerry’s commented: “Vermonters want the right to know what’s in their […]
USA: Hillshire Brands on verge of Tyson Foods merger
After previous reports that Hillshire Brands would merge with Pinnacle Foods Group, the former has recently announced that the company’s board of directors have suggested terminating the agreement and instead moving forward with acquiring Tyson Foods, Inc for around $8.5 billion. This decision puts the the ball back in Pinnacle Food’s court, according to Food […]
USA: Nestle targets snack and breakfast foods for Lean Cuisine and Stouffer’s brands
Nestle is aiming to capitalize on growth in the snack and breakfast food markets in the USA by launching new items under its Lean Cuisine and Stouffer’s brands, Just Food reports. The move is part of an attempt by Nestle to revitalise frozen sales by focusing on growth categories. According to data quoted by Just […]