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...In 1984, the brand was acquired by the Sara Lee Corporation, the consumer goods company best known for its frozen food....
...“We’re back to the 80s and 90s, with categories that we thought were dead, like frozen food, absolutely on fire,” says Mr Ackerman. “Everyone is trying to work out, ‘Is this the new normal?...
...Idaho-based Lamb Weston, a purveyor of frozen food products such as french fries and mashed potatoes, increased its sales to food service customers and its smaller restaurant chain customers by 5 per cent...
...He believes millennials will still eat processed and frozen foods along with healthier options....
...The deal is the second largest in the packaging sector over the past decade and will see Amcor add Bemis’ yoghurt cups and frozen food containers to its product portfolio....
...He could also make significant disposals: despite high recognition of its Kitkat brand, analysts say Nestlé has fallen behind rivals in confectionery; its US frozen food business has also been turned around...
...The California-based company said Mark Long would succeed Olivier Leonetti as chief financial officer in September....
...Zootopia, Disney’s latest release, broke opening weekend records for an animated movie last week while a sequel to 2013’s smash Frozen is in the works....
...The consumer brands business will be renamed ConAgra Brands, while the frozen potato business will operate as Lamb Weston....
...(FT) Food for thought English troubles for the United Kingdom “Unionism must take an interest in England before England loses interest in unionism,” argues Janan Ganesh....
...(BuzzFeed) Food for thought Ireland: embracing change The FT examines whether a vote to legalise same-sex marriage shows a liberal spirit taking hold on the emerald isle....
...Ingredients are an attractive category within the food business, usually commanding higher profit margins and return on capital than many types of food....
...Petrobras’s accounts are frozen and it cannot access capital markets to fund its extensive capital spending programme....
...(FT) Batista assets frozen A judge has frozen the assets of Brazil’s former richest man and his family to cover possible fines if he is found guilty in an insider trading trial....
...By close the S&P 500 rose 0.3 per cent to 1,992.37, while the Dow Jones Industrial Average gained 0.4 per cent to 17,039.49. The Nasdaq Composite added 0.1 per cent to 4,532.10....
...However its retail consumer foods segment offset the declines, with increased sales of Jif and Smucker’s Uncrustables frozen sandwiches....
...Overall, the benchmark S&P 500 touched new record highs on the firming economic reports....
...(Financial Times) “Hillshire Brands agreed to buy Pinnacle Foods for $4.3 billion in a bet that mixing hot dogs and frozen cakes with pickles, syrup and salad dressing will add up to a more appetizing business...
...Retailers shined on the benchmark S&P 500, as L Brands and Costco reported a jump in same-store sales in January....
...IMI’s drinks dispenser division sells equipment to drinks companies, which have it installed in restaurants and fast food outlets....
...in Europe weighed on sales of ice cream and frozen food....
...Australia’s S&P/ASX 200 index slipped 0.2% due to weakness in financial shares, while South Korea’s Kospi Composite index added 0.1%....
...He was not the only senior M&S alumni on the move. Roger Whiteside, chief executive of Punch Taverns and a former head of M&S’s food arm, has been poached to run the Greggs bakery chain....
...Meanwhile, as Heinz considers ways to develop its baby food business and increase its international presence the company said it would pull back on frozen foods in the US....
...The world’s largest food maker by sales also saw big revenue gains in emerging markets, particularly Russia....
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