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...Some groups have responded to the challenge of delivering consistent organic sales growth by shedding parts of their portfolios, such as Kraft Heinz’s sale of its Planters peanuts brand, or by breaking up...
...The company’s struggles have prompted officials at the UK’s Department for the Environment, Food and Rural Affairs to make contingency plans for Thames Water’s failure....
...Among big cap US stocks yesterday, some of the largest losers were snack and sweet drinks giants such as Mondelez, Coca-Cola, Pepsi and Kraft-Heinz....
...However, the model ran into trouble after Kraft Heinz failed to acquire Unilever in 2017....
...plan. 3G also teamed up with Mr Buffett’s Berkshire Hathaway to acquire Burger King, Tim Hortons and Popeyes, three fast food and coffee chains that are under the Restaurant Brands International holding...
...Even Danone, the food and drink multinational that has expanded in healthier ranges, is adjusting....
...Its last major deal goes back to 2015 when it combined Kraft and Heinz....
...Compared with a 13 per cent decline at Campbell Soup or Kraft Heinz’s 3 per cent gain, that makes General Mills one of the top performers in the packaged food sector....
...Omaha-based Berkshire, which owns a series of large insurers alongside other companies such as battery maker Duracell and minority stakes in businesses such as food group Kraft Heinz, said on Monday it would...
...The decline shaved about $49bn from its valuation, or roughly the market capitalisation of foods group Kraft Heinz....
...Come to Palm Beach’s hottest restaurants for the food and stay for the people watching, from Apollo Global Management’s Josh Harris to Rudy Giuliani....
...The move comes at a time of relative strength for the company behind Heinz Ketchup and Kraft Macaroni and Cheese: the pandemic has boosted sales as consumers returned to iconic processed food brands that...
...Solihull-based Grenade, which exports to more than 50 countries, is Mondelez’s first acquisition in the UK since it was spun out from Kraft; while still part of Kraft it bought Cadbury in 2010....
...The pandemic should be a time for the processed food giant to shine. Consumers have stockpiled ready-made meals and foods with long shelf lives....
...In the UK, Kraft Heinz began delivering bundles of its eponymous canned food and sauces about six weeks ago....
...The rise in restaurant dining and food-to-go outlets such as Leon was abruptly curtailed. Instead consumers loaded their freezers with prepared meals and cupboards with processed and packaged foods....
...Mondelez, which was spun off from Kraft Foods in 2012, has prospered in the coronavirus pandemic as people stuck at home snacked on its biscuits and cookies, although its sweets and gum brands — usually...
...sale to Hormel Foods (FT + Lex) Accounting watchdog told Wirecard it did ‘not want’ to investigate fraud (FT) Alden is in talks to buy Tribune Publishing (Wall Street Journal) McKinsey loses lawsuit...
...producer Kraft Heinz to ice cream chain Dairy Queen....
...The commission had charged that Kraft Foods, which later became Mondelez and Kraft Heinz, bought “huge” amounts of Chicago-listed wheat futures, pushing down the relative price of physical wheat that supplied...
...The neatest encapsulation comes in this comment from a Marathon consultant who’s questioning its decision to sell: “People need smokes and they need junk food and they will always buy that stuff.”...
...(FT) Seeking comfort Over the past decade, the makers of heavily processed food were struggling to keep sales up as changing consumer tastes led them to drop canned beans and frozen pizza in favour of organic...
...“Recent downgrades around food and retail show that ratings agencies may be running short on patience.” This story was amended on 20 February to correct the previous S&P rating for Macy’s...
...3G Capital, the Brazilian-US investment group, has reduced its stake in Kraft Heinz as the food company grapples with multibillion-dollar writedowns and falling sales....
...Carmaker Ford, department store operator Macy’s, packaged foods maker Kraft Heinz and US airline Delta are among those to have lost their investment grade rating this year....
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