USA: Estee Lauder raises earnings guidance
It has been announced that Estee Lauder Cosmetics Inc, has raised full-year earnings-per-share guidance for 2014. The company said growth was based on prestige beauty, new product launches and stabilising international markets, and follows a recent announcement by the company that it had recorded double-digit growth in both profits and sales in the third sales. […]
Innovation Insight: Seth & Riley’s Garage Hard Lemon Drink
This week Gama looks at a recent attempt to bridge the gap between younger and older male alcohol consumers – Seth & Riley’s Garage Hard Lemon Drink. Launched by Carlsberg in a number of global markets, Seth & Riley’s is the latest in a recent swathe of ‘hard’ alcoholic fruit-based drinks that typically target men. Such […]
USA: Coca Cola announces plans to remove chemical additive
Coca Cola has announced plans to remove a controversial chemical ingredient from its drinks portfolio following sustained public pressure. Brominated vegetable oil (BVO) has been linked by researchers to health issues including memory loss and skin and nerve problems. The ingredient, which is banned in the EU and Japan but permitted in the US at […]
USA: P&G launches Sweet Dreams collection to create an ideal sleep environment
Procter & Gamble has launched the new Sweet Dreams collection fabric care regimen supporting the National Sleep Foundation’s Sleep Awareness Week 2014. This line is claimed to be formulated with ingredients to clean, soften and freshen bedtime fabrics (e.g. linens and pajamas), helping to create an ideal sleep environment. The range is claimed to be […]
USA: Starbucks in talks to acquire stake in SodaStream
Global company Starbucks Corporation is said to be in advanced talks to acquire 10 percent of SodaStream International Ltd. The home carbonated beverage machine company reportedly has a value of $1.1. billion. Starbucks’ offer reflected a 30 per cent premium on the $850 million market price of SodaStream, it is ireported. According to Australian Food […]
USA: $750 million investment secured by Chobani
Greek yoghurt manufacturer Chobani is said to have secured a $750 million capital investment from private investment firm TPG Capital. As reported by Food Busines News, as part of the investment agreement TPG will have representation on the company’s board of directors, while Hamdi Ulukaya (Chief Executive Officer for Chobani) will serve as chairman. Mr […]
Innovation Insight: Kraft Philidelphia 2x Protein Cream Cheese Spread
This week Gama looks at a significant mainstream move for protein enhancement, with the launch of Kraft Philadelphia 2x Protein Cream Cheese Spread. Recently debuted in the USA, Philadelphia 2 x Protein is a new version of the classic cream cheese which, as the name suggests, contains twice as much protein (4g vs 2g per […]
USA: Kellogg Co. connects with Hispanic community
The Kellogg Co. is said to be taking a fresh approach to connect with Hispanic families with a new digital platform, Dias Grandiosos. According to Food Business News, the platform features recipes, tips, articles, and content designed for Hispanic families. Christopher Rivera, associate director of multicultural brand marketing at Kellogg commented on the platform launch by […]
USA: Van’s Natural Foods to be acquired by Hillshire Brands
It has been reported that The Hillshire Brands Co. has agreed to acquire Van’s Natural Foods from private equity firm Catterton Partners. The company has said it will pay $165 million in the deal. The acquisition would broaden Hillshire’s portfolio of frozen food products and extend the company’s reach into the cereal and snack categories […]
USA: Wal-Mart and Wild Oats team up to launch organic foods
Wal-Mart and Wild Oats are said to be teaming up to offer consumers in the US a range of organic food which are claimed to be at least 25% cheaper than other organic brands the supermarket carries. According to Food Business News, the products will cover a range of categories, from pasta sauce to quinoa, […]