H.J. Heinz Co. announced a major gain March 3 in its push into emerging markets—the purchase of an 80 percent stake in a Brazilian food company, reports The Associated Press. Heinz, the world’s largest ketchup maker, has relied recently on emerging markets like China, India and Russia to fuel its growth. Its plan to acquire […]
Category: Suppliers
Posted in, Beverage News, Southeast, Suppliers
Coca-Cola Pulls Sodas in St. Louis
The Coca-Cola Co. has pulled sodas from shelves at St. Louis stores after customers complained of a metallic taste. There was a slight surge in minerals in the water used to make the soda at the drink giant’s Maryland Heights plants, said Kevin Morris, spokesman for Atlanta-based Coca-Cola to the Atlanta Business Chronicle. The recalled […]
Posted in, Beverage News, Southeast, Suppliers
Coca-Cola Buys Remainder of Honest Tea
The Coca-Cola Co. has exercised its option to acquire the remaining 60 percent of Maryland-based organic bottled tea maker Honest Tea, reports The Atlanta Journal-Constitution. The companies described it Tuesday as a chance to make organic drinks more mainstream. What they didn’t say is that it also may be a chance to invigorate Coca-Cola’s tea […]
Posted in, Beverage News, Southwest, Suppliers
Molson Coors 4Q Net Declines as it Sells Less Beer
Denver-based Molson Coors Brewing Co. says its net income fell 51 percent in the fourth quarter as it sold less beer and dealt with rising costs for taxes, ingredients and fuel. The Denver-based brewer reported Thursday that it earned $109.8 million, or 58 cents per share, for the quarter that ended Dec. 25. That’s down […]
Posted in, Beverage News, National, Suppliers
PepsiCo 4Q Net Income Falls
New York-based PepsiCo Inc.’s fourth-quarter net income fell 5 percent because of higher costs and cut its earnings forecast on a dim view of the economy. Shares of the maker of soft drinks, Frito-Lay snacks and Quaker cereal fell nearly 3 percent in pre-market trading. Net income fell to $1.37 billion, or 85 cents per […]
Posted in, National, Suppliers
Higher Prices Help Tyson Foods
Springdale, Ark.-based Tyson Foods’s net income jumped 86 percent jump its fiscal first quarter, helped by improving chicken sales and rising prices for beef and pork, the meat producer said today, reports The Associated Press. Tyson shares climbed 8 percent to $18.95 in pre-market trading. The improvement is a strong signal the meat producer has […]
Posted inWhole Foods, Amazon Fresh, Suppliers, West
Amazon Possibly Expanding to Grocery Home Delivery
Amazon.com Inc. may be planning to expand a free home-delivery program, a move that analysts say could encourage consumers to do more of their shopping for groceries and other goods with the online retailer rather than local stores, the Wall Street Journal reported. The service, AmazonTote, is currently available only around Seattle, where the company […]