Unilever has finally managed to grab a spot at the top table in Europe after remaining idle for a long time unlike other food groups. Stakeholders are quite impressed with the group for producing dependable results. Nestle, still continues to exercise its hold over the market and has even overcome Danone
Molson Coors Brewing Co. (TAP.N) published its quarterly profit report on Tuesday, and to everyone’s surprise in Wall Street it blew estimates. The financial result of Molson Coors is surprising partly due to the acquisition of the Central European maker of Staropramen beer, which was bought by Molson Coors in June this year. The company’s second-quarter earnings slumped 53 percent on higher cost, while the top line had been bolstered by higher volume in Canada and the benefits of newly purchased StarBev LP.
Square, the mobile payments start-up, would create an alliance with the Starbucks Coffee Company. The partnership will enable mobile payments at the company’s 7000 U.S. stores. Starbucks will invest $25 million as a part of Square’s Series D financing round. Moreover Howard Schultz, the Starbucks’ CEO, will join Square’s board of directors.
McDonald’s Corp. informed that its key revenue figures were flat in June. Worse financial results are due to rough economy. Investors are not used to weak financial figure of the company. However even for McDonald’s, which for years had been outperforming its rivals, a day came when the economy affected its sales.
The tug-of-war over the control for Tiger Brewer which is a group of 24 brewery units in Asia and a profitable soft drinks company should finally come to a head as Fraser and Neave have been brought in to consider a takeover bid by Heineken. Their decision which will be announced by Friday could spell a split up for the Singapore-based property and beverage company.
Coca-Cola Co. has announced a reorganization of its operating structure around main units. The remodeling is necessary to better address the changing demands of Coca-Cola’s marketplace. The company is aware of people reducing their soft-drinks consumption. Moreover the economic situation is still uncertain. The new operating structure will consist of three major businesses. In parallel to these changes two executive will be given much larger roles. This move is interpreted as an early step on the road to CEO succession.
The U.S. department for agriculture has warned that is a high probability of food price increase due to a severe drought in the Midwest. More than 55 percent of the land mass in the U.S. is affected by the drought. Torrid heat and the drought, which is said to be the worst in over 50 years, will likely have an impact on food prices.
Robinsons Fruit Shoot from Britvic is an immensely popular brand among the parents and is worth nearly £96m for a year. The Fruit Shoot Hydro another own brand of the Britvic was launched only last year with a quality marketing campaign that cost the company as much as £2.5m. Last week reports from Britvic suggested that the recall of the brands was only a precautionary measure and would not hurt them too much.
As the leading global restaurant brand, Subway is a restaurant of choice for many loyal customers globally. The company offers quick but healthy nutritious meals encompassing a wide array of menus. The company’s growth is guided by the need to offer customers fresh, delicious, made-to-order sandwiches. Its global outlets continue to expand daily.
Within the heart of Venezuela’s dark and mysterious jungle lie islands, isolated islands of sandstone which have eventually been forgotten by time. Mount Roraima is the tallest of tepui plateau in the Pakaraima chain in South America.
Burger King is working hard with its blenders crafting made-to-order smoothies with real strawberry, banana and mango pieces. It doesn’t even taste like Burger King.
The ‘pink slime’ maker hung up operations at all Monday, but one plant where the beef ingredient is made; acknowledging recent public uproar, over the product has cost the company business. The director of food quality and assurance for Beef Products Inc., Craig Letch, refused to talk about financial details but said that business has taken a ‘considerable’ hit after social media exploded with worry over the ammonia-treated filler and an online petition seeking its ouster from schools drew hundreds of thousands of supporters.
Murray Lender, the Bagel king, helped turn his father’s small bakery in Connecticut into a national company credited for introducing bagels to many Americans. This Bagel king died at 81 on March 21 at a hospital in Miami of complications from a fall. Murray Lender’s death was confirmed by his wife, Gillie Lender.
Northfield, Ill.-based Kraft Foods has declared a plan to rename its corporate identity to Mondelez International Inc. Krafts food said that ‘Mondelez’ is a newly coined word that evokes the idea of delicious world. Monde derives from the Latin word which means world, and delez is an imaginary expression of delicious.
Starbucks is about to bump heads into the Red Bull. Yes, Starbucks is eager to dip its influential, if not omnipresent coffee mug now into the $8 billion energy drink category.
Thailand’s third- richest man, Chaleo Yoovidhya, co-founder of the energy drink Red Bull, which is popular with partiers, students, truckers and athletes around the globe, has died. The rags-to-riches billionaire who created the Red Bull energy drink and spawned a whole industry of similar caffeine-laced pick-me-ups died in his 80s in his home country.
There are a few health tips that might have been repeated like a hundred times. But, have you ever thought why? Its because these are the most essential ones.
Kellogg is craving for a salty snack. And that’s exactly why the Kellogg Company said it would buy P&G’s Pringles for about $2.7 billion in cash. Kellogg is kind of plunging in on the snack company after an earlier agreement with Diamond Foods fell apart.
On Dubai’s exclusive Palm Island, on 114 acres of the Crescent, overlooking the Dubai skyline is one of the world’s most incredible destinations and most extravagant attractions. Atlantis, the Palm is a lavish marine-themed resort that combines the height of luxury with unique and world’s most incredible attractions that will definitely keep you awe-struck from the first day right through to the last day of your voyage!
The green and white seal, which shows the stylized outline of a human figure with its arms spread toward the sky, is the icon for ‘Great for You’ label. If you cannot figure out which foods at Wal-Mart are healthy for you, Wal-Mart, the world’s largest retailer, will make it obvious by placing its new ‘Great for You’ label right on the package.
The U.S. farmers plan to sow the largest area since 1984, with seeds of Corn, Soybeans and Wheat. The farmers of U.S. will seed the most area in a production this year, led by the biggest corn crop since World War II in 1984.