Fast-food giant McDonald’s has received three servings of shame from parents at the annual children’s food marketing awards in Australia.…
China to Coca-Cola: No Deal
Coca-Cola’s acquisition of China’s Huiyuan Juice was blocked on March 18 by the country’s Ministry of Commerce, which said in a statement that the deal would be harmful to market com…
FMCGs zero in on R&D, ad spends to grab bigger market share
In a bid to sustain growth momentum in the third quarter of the current fiscal, some of India’s leading FMCG majors ITC Ltd, Dabur India and Godrej Consumer Products Ltd, are dr…
Burger King faces burger pricing lawsuit
Fast food retailer Burger King faces a lawsuit brought by a group of franchisees claiming it lacks authority to force them to carry a $1 double cheeseburger menu item. According to the Atlanta Journal…
McDonald’s Plans 1K New Stores
Fast food retailer McDonald’s intends to undergo major store expansion and renovation in 2010. At yesterday’s investor meeting, McDonald’s said it will open 1,000 new stores and reim…
Whopper Bar makes an entrance in Singapore
Burger King’s latest innovation, the Whopper Bar, has just made its debut in the Asia Pacific region, with the opening of a store in Singapore’s trendy Clarke Quay dining and entertainment…
Cadbury Board Urges Shareholders to Reject Kraft Offer
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…