News & Analysis on Food & Beverage Development & Technology
Kraft Foods shareholders have approved the name Mondelez International as the new name for the company’s global snacks business after it splits into two separate companies later this year.
Diamond Foods has secured $225m of funding as it looks to reestablish itself in the walnut industry and grow its business, in a deal that could see investment firm Oaktree Capital Management take a 16.4% share of the company.
Job cuts at General Mills will be mostly in “administrative and support positions”, said the firm, which has just unveiled plans to slash more than 2% of its global workforce.
Monk fruit extract may be set to become a mainstream natural sweetener alongside stevia, but price remains a barrier, according to a Euromonitor industry analyst.
Confectioners face big rewards by tapping into market potential in Mexico, but will face “oblivion” if they fail to address growing health concerns, according to an analyst.
Ralcorp has announced the acquisition of cookie maker Petri Baking Products shortly after It reported a sales boost in the second quarter (Q2) 2012 driven by frozen bakery products.
Brands are often keen to portray themselves as one of the family – but could subtle differences in linguistic intimacy make some potential customers feel uncomfortable?