Against the backdrop of a stagnant economy, food and beverage companies have significant cash on the balance sheets, and intend to increase capital spending on new products, mergers and acquisitions and technology to fuel growth, according to a recent survey by KPMG LLP, the U.S. audit, tax and advisory services firm.
Krispy Kreme Doughnut Corp. said Wednesday that it reached a deal with Citymax Hotels Pvt. Ltd. for the development of 80 Krispy Kreme franchise stores over the next five years in India.
New York brewmeisters can celebrate with some Saranac beer brewed in the foothills of the Adirondacks or Brooklyn's Monster Ale now that state officials have found a way to restore a tax break for craft beer brewers.
A beef-processing plant in western Wisconsin has been cited with 11 safety violations after a maintenance worker died by electrocution in December.
It's the largest beer market in the world and it seems that when it comes to its importance for manufacturers, there will be no half measures—as latest research from Mintel reveals that China's beer market grew by 29% in volume terms in the five years to 2011, to reach an all-time high total volume of 50 billion liters for the first time in 2011.
Antonelli's and Sons, a South San Francisco, Calif. establishment, is recalling approximately 3,534 pounds of a raw stuffed chicken product because of misbranding and undeclared ingredients, including known allergens.
Smithfield Foods Inc. said Thursday that its fourth-quarter profit fell 19 percent on lower margins on fresh pork and higher selling costs.
A new study finds that while pig farms of the 1950s may be remembered as idyllic, they were not as sustainable as those of today. This becomes clear as the metrics most associated with sustainability are revealed from their 1959 baseline – a 35 percent decrease in carbon footprint, a 41 percent reduction in water usage and a 78 percent drop in land needed to produce a pound of pork.
"This measure is riddled with loopholes and special exemptions that make no sense," said Bill Dombrowski, President & CEO, California Retailers Association, "We don't think requiring labels on foods made using modern biotechnology are necessary. But creating a hodgepodge and nonsensical labeling regime is only going to confuse and mislead consumers."
Last year, industrial and materials manufacturers had a 37 percent increase in big equipment purchases, according to PayNet, a company that tracks lending to small businesses. That compares to an average of 17 percent for all the industries PayNet follows.
Out of more than 20,000 food and beverage products launched in the U.S. in 2011, 422 claimed to be free of high fructose corn syrup. That's only a percent of new product claims, reports Mintel.
Senators debating a five-year farm bill have voted to uphold current policy that protects the nation's sugar growers with price supports and import restrictions.
Private-label coffee maker Coffee Holding Co. reported a loss for its most recent quarter as lower coffee prices hurt its performance.
The ranking Republican in the state Senate is backing a plan to expand the sale of liquor and wine in Pennsylvania, the bill's sponsor said Tuesday, while a bill to privatize the industry remained stalled in the House.
Chinese consumers can afford to splash out more on higher quality products but also expect better value for their money than in the past, an American Chamber of Commerce study found. For companies like Kraft Foods Inc. and PepsiCo. Inc., that means tailoring products to suit local tastes while leveraging the company's global brand name.
Press reports that nearly 250 people have called poison control centers in the last couple of months following the US launch of Tide Pods and similar products shows an unintended consequence of the use of food-style packaging and formulations in categories outside of food.
A new pricing study compares a summer shopping basket of store brands vs. national brands and finds that consumers could save more than 36 percent off their grocery bill, on average, by switching to the retailer's brands.
Kraft Foods Inc. plans to close a cheese plant in Waupaca and lay off 120 employees in a cost-cutting move.
Savannah-based celebrity chef Paula Deen has launched a new company, Paula Deen Foods, in partnership with the New York-based grocery retailer Nanco Group.