Cadbury’s board of directors is recommending its shareholders reject Kraft Foods’ $16.3 billion hostile takeover bid, saying it’s too low to come close to reflecting Cadbury’s …
Kraft launches bid for Cadbury
US giant Kraft Foods on Monday launched a hostile 9.8-billion-pound takeover bid for Cadbury, two months after an informal offer was rejected by the British confectioner.…
Starbucks continues upward trend
Coffee retailer Starbucks Corporation, which financially struggled since reporting its first-ever fiscal loss in August 2008 through a disappointing Q2 2009, continued its trend of general improvement…
Mainland China’s wine imports soar
Mainland China’s wine imports have soared more than ten-fold in the past few years but foreign producers hoping to cash in on the boom are warning the market is fickle and not for the faint of h…
Barista to expand with 25 more outlets
India’s second largest coffee chain, Barista Lavazza, is planning to invest Rs 12 crore during the second half of the current financial year to open 25 outlets across the country. It is looking …
Kellogg Removing Antioxidant Claims From Some Cereal Boxes
It’s a cold environment for food marketers trying to make health claims. Kellogg Co. today announced it would discontinue marketing Rice Krispies and Cocoa Krispies as products that could boost …
Tata Tea seeks distribution tie-ups on a global scale
Indian beverages giant Tata Tea is looking at expanding its global network through tie-ups and acquisitions. The priority is a distribution joint venture with companies of the scale of Coca-Cola and P…
Burger King kicks off FY10 with slow start
Burger King reported decreased consolidated revenues, operating income, net income and comparable store sales for the first quarter of its fiscal year 2010, ended 30 September 2009.…
Legacy promotes sparkling-wine market in China
Legacy Wine and Spirits International reports that the company will be focusing in the next three months on a major national marketing campaign on the sparkling-wine (champagne) market in China.…
Legacy to add three more stores
Legacy Wine and Spirits International reports that the company is in negotiations with three existing wine and spirit stores in China. These stores are located in and around the company’s flags…