Hostess Brands Inc. announced Monday that, subject to court approval, it has retained Gregory F. Rayburn of Kobi Partners LLC as its chief restructuring officer (CRO). Rayburn will report to Hostess President and CEO Brian Driscoll and will assist Driscoll in managing the company’s restructuring under Chapter 11. Rayburn has more than 29 years experience […]
Category: National
Posted in, National
Groups Join Forces for Big Convention
The American Meat Institute, Food Marketing Institute (FMI), United Fresh Produce Association and National Association of State Departments of Agriculture (NASDA) are partnering on four shows, to be co-located in Dallas, Texas, on April 30-May 3, with 1,200 exhibitors and 1 million s.f. of the latest food technology and trends on display. The American Meat […]
Posted in, National
Fieri Crowned Winner of the Heinz Best Dressed Burger Award
Chef Guy Fieri of Guy’s Burger Joint and Food Network fame was crowned winner of the Heinz Best Dressed Burger Award during the sold-out Amstel Light Burger Bash presented by Allen Brothers Steaks and Diet Pepsi, a featured event hosted by Rachael Ray at the 2012 Food Network South Beach Wine & Food Festival presented […]
Posted in, National, Store News
Kroger Analysts at Odds
Standard & Poor’s (S&P) downgraded Kroger Co.’s stock Monday from “hold” to “sell,” citing rising price competition, the Los Angeles Business Journal reports. The move follows an upgrade by Citigroup on Friday, from “neutral” to “buy,” citing higher pharmacy sales and market share gains. S&P lowered its target price from $25 to $21, while Citi […]
Posted in, Beverage News, National, New Products
Pepsi Next Debuts in March
Pepsi, the country’s No. 2 cola company, will introduce “Pepsi Next” to try to compete with No. 1 company Atlanta-based The Coca-Cola Co.’s popular Diet Coke, reports The Associated Press. The new Pepsi drink has about half the calories of regular Pepsi at 60 calories per can. The cola is scheduled to hit shelves nationally […]
Posted in, Equipment & Technology, National
Social Media Redefining Americans’ Relationship With Food
How Americans learn to cook, select recipes, plan their meals, purchase their food and share their culinary secrets with others has dramatically changed, according to a new study. Called “Clicks & Cravings: The Impact of Social Technology on Food Culture,” the study finds social/digital media is replacing Mom as the go-to culinary source of knowledge […]
Posted in, National, Perishables
Chicken Prices Expected to Rise
A shortage of poultry will drive up chicken prices for consumers, according to the recently released USDA Agricultural Projections to 2021 report and featured in the February issue of Food Nutrition & Science. The USDA predicts a decline in this year’s poultry supply will drive up prices, however, the report suggests it’s temporary, and in […]
Posted in, National
AFFI’s Frozen Food Convention Matches Attendance Record
The American Frozen Food Institute (AFFI) 2012 Frozen Food Convention in San Diego, Calif., has matched the convention’s all-time attendance record set two years ago. More than 1,400 members of the frozen food industry gathered at the Manchester Grand Hyatt earlier this week. AFFI-CON delegates gathered to attend educational sessions, network at social events and […]