USA: Mondelez International releases Good Thins snack brand
US-based confectionery and snack firm Mondelez International has unveiled the release of Good Thins, a new “wholesome” savoury snack brand promoted as being made “with real ingredients”. According to the firm, “the brand starts with real ingredients (like wheat, potato and rice), combines them with enticing flavors (like garlic, spinach and sweet potato) and bakes […]
Brazil: Johnson & Johnson acquires Hipoglos brand from Procter & Gamble
In the latest of a series of divestments, leading FMCG multinational Procter & Gamble has announced the sale of its Hipoglos brand in Brazil to health & beauty firm Johnson & Johnson for an undisclosed sum. Hipoglos nappy cream has been present for over 70 years in Brazil and sells in a tube format of […]
Switzerland: Lindt & Sprungli sees sales up 7% in 2015
Leading chocolate firm Lindt & Sprungli posted organic sales growth of 7% in 2015, with the firm boasting of “another record result” as it released its financial statements for the latest year. The Swiss confectioner reported that it had achieved consolidated sales of 3.65 billion CHF ($3.66 billion), equating to an increase of 13.5 % in […]
Opportunities and trends in frozen bakery
Trend Insight by Gama Compass™ Unlocking trends and pointing the way to new opportunities in consumer goods innovation MANCHESTER – 8th March 2016: A continued focus on ‘homeliness’, exploiting changing needs at the breakfast occasion, satisfying the appetite for indulgence, and catering to growth in single-serve and ‘sharing’ options are among the areas in which frozen […]
Japan: Calbee unveils three ‘winning’ crisp flavours
Calbee, the Japanese snack and confectionery company, has announced the release of three new unusual potato crisp flavours, launched as a part of promotion of celebrating the firm’s 40th anniversary. Due to go on sale this March, the new varieties stem from an ‘audition’ held last year to find interesting and innovative flavours for the […]
Germany: Coca-Cola to close up to seven facilities
Global drinks giant Coca-Cola has announced plans to close up to seven facilities in Germany, including long-standing plants in Bremen and Oldenburg, according to a report in NWZ Online. Aside from Bremen and Oldenburg, smaller facilities in Mecklenburg-Vorpommern, Sachsen-Anhalt and Baden-Wurttemberg are also reportedly set for closure, leading to a potential loss of more than […]
Pakistan: FrieslandCampina eyes up majority stake in Engro Foods
Dutch dairy firm FrieslandCampina has unveiled its intention to aquire a majority stake in Engro Foods, the leading Pakistani dairy firm, as it announced its latest financial results. The company said that the proposed acquisition formed part of its updated Route2020 programme, which sees strategy resources deployed to achieve sustainable long-term growth through existing and new […]
Mexico: Procter & Gamble to sell Escudo soap brand
US-based multinational Procter & Gamble (P&G) has announced plans to sell soap brand Escudo to rival Kimberley-Clark for an “undisclosed amount”. Launched more than 50 years ago, Escudo is the leading local antibacterial soap brand in Mexico. The brand’s product line includes bar soap, hand soap, odour-protection soap and more recent introductions such as a […]
South Korea: Lotte Group looks to acquire major share in Lahore PepsiCo – reports
Lotte Chilsung Beverage Co, a unit of South Korean retail conglomerate Lotte Group, is expected to acquire a major share in a PepsiCo bottling company in Pakistan, the Maeil Business News reports. Quoting sources from Lotte Group and the investment banking industry, Maeil Business News said that the South Korean firm was reportedly looking to […]
USA: Snyder’s–Lance acquires Diamond Foods for $1.2 billion
Snyder’s-Lance, the US snack firm, has announced that it has completed the acquisition of Diamond Foods, acquiring all outstanding shares of the company in a cash and stock merger deal. This deal will create a powerful international snack foods company with a diversified portfolio, Snyder’s Lance said, and will add brands such as Kettle potato […]