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Latest news on ‘Food & Beverage’

  • Starbucks Buys Evolution Fresh Juices

    11/10/11

    WSJ – Starbucks Corp. is branching out in a new direction with the acquisition of Evolution Fresh Inc., a premium juice brand carried in West Coast supermarkets.
    The Seattle-based coffee giant, [...]

  • A&P, Century-Old U.S. Grocery Store Owner, Files for Bankruptcy

    12/13/10

    Bloomberg – Great Atlantic & Pacific Tea Co., operator of almost 400 supermarkets under names including Waldbaum’s, Food Emporium and Pathmark, filed for bankruptcy after failing to compete with wholesale [...]

  • Del Monte Agrees to a $5 Billion Sale to Buyout Firms

    11/25/10

    Monte confirmed Thursday afternoon that it will sell itself to a buyout group led by Kohlberg Kravis Roberts for $5.3 billion, including debt.
    As DealBook previously reported, the private equity firms [...]

  • Burger King in Buyout Talks, but Not With 3i

    9/01/10

    NY Times – Updated Burger King is in advanced talks to sell itself to a little known private investment firm called 3G Capital, people involved in the negotiations told DealBook [...]

  • Heinz Sees Higher Profits, Driven By Emerging Markets

    8/31/10

    NEW YORK (Dow Jones) – H.J. Heinz Co. (HNZ) projected first-quarter earnings above analysts’ expectations as the food-processing company benefited from continued growth in emerging markets.
    The company’s estimate for first-quarter [...]

  • Yum’s profit slips but it’s upbeat on China growth

    7/13/10

    LOUISVILLE, Ky. (AP) — The owner of the Taco Bell, Pizza Hut and KFC fast-food restaurant brands said Tuesday that its second-quarter profit fell slightly because a one-time gain a [...]

  • General Mills 4Q Down 41% On Higher Costs, Lower Revenue

    6/29/10

    General Mills Inc.’s (GIS) fiscal fourth-quarter profit slid 41% as the company reported higher costs and lower sales, while year-earlier results benefited from an extra week and mark-to-market gains.
    The packaged-food [...]

  • Ralcorp to buy American Italian Pasta

    6/21/10

    SAN FRANCISCO (MarketWatch) – Ralcorp Holdings made a bigger push into private label foods Monday, saying it plans to acquire American Italian Pasta Co. for $1.2 billion in stock. It [...]

  • Whole Foods posts profit beat, raises view

    5/12/10

    LOS ANGELES, May 12 (Reuters) – Whole Foods Market Inc (WFMI.O) reported better-than-expected quarterly earnings and raised its full-year profit and sales forecasts due to improving trends, sending its shares [...]

  • Starbucks’ 2Q profit soars, revenue climbs

    4/21/10

    CHICAGO (AP) — Starbucks Corp.’s second-quarter profit rose more than eight-fold, thanks to its efforts to cut expenses and boost sales, the coffee company said Wednesday afternoon.
    For the three months [...]

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