SUBSCRIBE

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

News > Market Trends

Carrefour builds procurement centre in China

This week, Carrefour SA, the French supermarket giant, unveiled plans to build a major procurement and distribution centre in the southern Chinese province of Guangdong,...

Bestfood baking buyout on track

The U.S. Justice Department said on Monday it approved Canadian food processor George Weston Ltd.'s purchase of Unilever NV's Bestfoods Baking Co. after the company...

DSM net profit fall

In Q2 2001, DSM reported a profit on ordinary activities after taxation of Euro 106m, same as Q1 2001. Net earnings per share amounted to...

Campbell set to give a boost to its brands

On July 27, Campbell Soup's chief executive Doug Conant, cut the company's dividend and earnings guidance to try to revive its brands from a sounder...

Consolidation predicted for Mexican bottled water market

The world's biggest bottled water companies are pouring into Mexico where notoriously polluted and unhealthy tap water has created one of the world's most vibrant...

A barrel of rum for San Miguel

The Philippines' top food and beverage conglomerate, San Miguel Corp, is currently in talks with the management of Tanduay Holdings Inc. to buy the rum...

Record high for US olive oil sales

Olive oil dollar sales in the US for the year 2000 exceeded those of all other cooking oils, new industry data suggests. According to...

China has become the world's largest beer manufacturer

The price of Chinese barley, used for beer manufacture, has risen by a margin of 10 per cent in one year for several reasons, reports...

Uniq's profits may be lower than last year's

UK food company Uniq Plc reported on July 26 that first-half profits at its convenience food business were likely to be slightly below last year,...

Femsa reports beer sales weak, profits up

Femsa, the Mexican brewery and bottling group reported on July 26 that Q2 operating profit rose 3.8 per cent but that its beer division showed...

Kellogg reports Q2 earnings down

Kellogg Co., the second-largest American cereal maker behind General Mills Inc., on July 26, said its Q2 earnings fell 31 per cent, as the cost...

RFM board approves sale of Cosmos to San Miguel

Philippine food firm RFM Corp said on July 26 that its board has approved in principle the sale of a stake in Cosmos Bottling Corp...

Q2 net income fell for IBP

On July 26, the American meet processor IBP Inc. said that second quarter net income fell almost 9 per cent due to an accounting charge,...

Burger King & Diageo, toward separation

On July 26, Burger King Corp., the fast food chain, said that parent company Diageo Plc will transfer some foreign assets to Burger King in...

EU not hostile to Nestlé deal, company claims

Swiss food group Nestle said on Wednesday it had no indication that the European Commission was hostile to its proposed takeover of U.S. pet food...

Cadbury's reveal profit rise for first half

British sweets and soft drinks group Cadbury Schweppes Plc reported a better-than-expected 14 per cent rise in first-half profit on Wednesday and said it was...

Rise in profits for Danone

French food group Danone reported a 6.5 per cent rise in first-half profit on Wednesday and an advance in operating margins despite higher raw materials...

Profits scooped away for ice cream giant

US ice-cream giant Dreyer's Grand Ice Cream Inc. on Wednesday said its second-quarter profits fell 44 per cent due largely to the effect of higher...

Lion cancels offer for Montana shares

On July 25, the Australian brewer Lion Nathan formally withdrew its two-tier offer for the shares of New Zealand winemaker Montana, leaving the field clear...

Yoplait owner denies rumours of sale

French dairy cooperative Groupe Sodiaal on Wednesday denied media reports it was planning to sell its Yoplait yoghurt business and had contracted bankers Rothschild &...

Heinz & Kagome form strategic alliance

On July 26, the American branded food company H. J. Heinz Company and the Japanese food company Kagome Company Limited signed agreements for a strategic...

Cadbury buys La Casera

Cadbury Schweppes Plc, British confectionery and soft drinks group, wrapped up on July 24 an expected deal to buy Spain's La Casera from the Iberian...

Milk fat prices running high

The cost of milk fat, the principal ingredient in ice cream, has lept 71 per cent in the US over the past six months to...

Chiquita reports loss in Q2

Chiquita Brands International Inc., the number one banana producer, reported on July 24 a second-quarter loss due to weak European currencies, higher production costs and...

US states, Aventis into agreement regarding StarLink

On July 24, 17 US states said they have entered into a second agreement with the French-German biotechnology group Aventis CropScience to compensate farmers whose...

Key Industry Events