SUBSCRIBE

Breaking News on Food & Beverage Development - EuropeUS edition | Asian edition

News > Market Trends

Ahold buys Brazilian hypermarkets from Carrefour

Dutch supermarkets and retail group Koninklijke Ahold NV said on Tuesday its unit Bompreco had bought five hypermarkets in Brazil from French retailer Carrefour for...

UB stake sale attracts major players

About half a dozen major brewing groups, including Heineken and Carlsberg, are eyeing a 26 per cent in India's largest beer maker United Breweries (UB)....

Foreign firms expanding activities in the ingredients market

International food companies such as Nestle, the food and beverage giant, and Heinz, the American food group, are expanding their Korean operations for marketing food...

Sara Lee buys bakery giant

Food and consumer goods maker Sara Lee Corp. said on Monday it will buy No. 2 U.S. bakery Earthgrains Co. for about $1.7 billion in...

Quaker gives Pepsi more time

Cereal and sports-drink maker Quaker Oats Co. on Monday gave proposed buyer US drinks giant PepsiCo Inc., an additional 30 days to sell its All...

Coca-Cola revising joint venture with P&G

The American beverage group Coca-Cola is expected to modify the terms of its $4bn juice-and-chips joint venture with Procter & Gamble after criticism that under-performing...

Water, new hip drink in the US

Carbonated soft drinks, with about 80 per cent of sales, still control the non-alcoholic drink market in the US. However, water is becoming a bigger...

Lion's share of Montana forced to go

Australian brewing giant Lion Nathan Ltd has been ordered by New Zealand regulators to cede control of winemaker Montana Group NZ for breaching takeover rules,...

Südzucker acquires Saint-Louis Sucre for Euro1.6bn

The German sugar producer Südzucker announced it has agreed to buy Saint-Louis Sucre, the French sugar company, in a deal worth Euro1.6bn including the assumption...

Designer drinks drive static beer market

Marketing and "the look" are keys to success in the drinks market, according to a new report from market researcher Datamonitor . The report claims that...

ADM launches new web corporate site

Archer Daniels Midland Company, the American agri-business giant, introduced a new design to the Company's website in order to provide consumers, investors and customers with...

Südzucker selling ice cream to buy sugar

Südzucker, Europe's biggest sugar group, is in talks on two deals that would see it extend its European market leadership in sugar and end an...

EBRD buys stake in Danone's Russia plant

The European Bank for Reconstruction and Development (EBRD) announced on June 28 that it had bought a minority stake in Danone's factory in Russia for...

Nordsee postpones its IPO

On June 28, Europe's largest fish restaurant operator Nordsee AG postponed its already-delayed initial public offering, due to rapidly deteriorating conditions in the new issues...

ConAgra earnings fell in 4th quarter

ConAgra Foods Inc., the large US food and agri-business group, reported on June 28 that fiscal fourth-quarter earnings fell 38 per cent, meeting the high...

Dairy Farm undecided to sell yet

Hong Kong-based Dairy Farm International Holdings announced on June 28 that it would await the possible shakeout from a High Court of New Zealand ruling...

Tyson and IBP agree on $2.7bn acquisition

On June 27, the American poultry giant Tyson Foods Inc. claimed it agreed to acquire beef and pork producer IBP Inc. and form the largest...

Azucarera Ebro investigated regarding sugar quotas

Spanish anti-corruption prosecutors have asked the High Court to investigate sugar company Azucarera Ebro Agricola for suspected violation of European Union sugar quotas. Last...

Dean Foods warns about 4th quarter earnings

Dean Foods Co., the second-largest American dairy group, announced on June 27 that its fiscal fourth-quarter earnings fell 30.5 per cent as lower sales and...

General Mills announces 4th quarter results

General Mills Inc., the largest American cereal maker, announced on June 27 that it expects double-digit growth in fiscal 2002 earnings per share, consistent with...

New e-business for Givaudan

Leading flavour and fragrance company, Givaudan announced at IFT's Annual Meeting in New Orleans, that it is launching an online business initiative called GivaudanAccess. This...

Unilever selling edible oil refineries

On June 27, Unilever, the Anglo-Dutch consumer products group announced that its Unilever Bestfoods Europe unit intends to sell two edible oil refineries in the...

Consumers more aware of GM products

Americans are more aware of genetically modified food than they were six months ago, but confidence in the ability of government regulators to manage these...

Kroger meets earnings expectations

On June 26, Kroger, one of the largest grocery retailers, reaffirmed its outlook for 16 to 18 per cent earnings growth this year, despite the...

Focus to benefit from profitable niche markets

According to Promar International, a food research and consulting firm, major food and beverage players should balance the battle for market share with more focused...