Bottling company Coca-Cola Enterprises expects its 2013 earnings per share will climb about 10 percent. The company on Tuesday also predicted a mid-single-digit percentage rate increase in sales for the year, which accounts for declining gross margins and other factors.
Green Mountain Coffee announced another major leadership change Tuesday, naming the former CEO of Fortune Brands, Norman Wesley, as its chairman. The Waterbury, Vt., company last month appointed former Coca-Cola executive Brian Kelley as its CEO. He came on board Dec. 3.
One of New York City's largest dairy distributors has closed its doors after losing its main milk distribution contract. Dean Foods Co. terminated the deal after attempts to resolve financial problems failed. Dean Foods spokesman Jamaison Schuler said Beyer Farms Inc. had been its distributor in the New York area for many years, but fell further and further behind in its payments to the nation's largest dairy producer.
A U.S. appeals court ordered American anti-whaling activists to keep 500 yards away from Japanese whaling ships off Antarctica. The 9th U.S. Circuit Court of Appeals issued an injunction against the Sea Shepherd Conservation Society, which sends vessels every December to disrupt whale killings by Japan's Institute of Cetacean Research.
Starting next month, the country's No. 3 soft drink company plans to roll out 10-calorie versions of its five big biggest soda brands: 7-Up, Sunkist, Canada Dry, RC Cola and A&W Root Beer. The drinks are an extension of its Dr Pepper Ten, which was launched last year as a better-tasting alternative for men who don't like the image or taste of diet soda.
In this Aug. 4, 2011 photo, bartender Niki Riston pours an oatmeal stout at Brown's Brewing Company in Troy, N.Y. Craft beers remain a growing market, but hipster drinkers know it’s the hard stuff that’s happening now. Barrel aged cocktails and micro distilleries are raging hot.
United Natural Foods Inc. will replace Amerigroup Corp. in the S&P MidCap 400 Index after the close of trading Friday, Standard & Poor's said Monday. Health insurer Wellpoint Inc. is acquiring its smaller rival Amerigroup in a $4.46 billion deal expected to close shortly.
The new Chobani yogurt plant in Twin Falls opened in grand fashion Monday, with appearances from company executives, Idaho political leaders, Olympic athletes and a marching band. After nearly a year of construction and planning, the New York-based Greek yogurt maker celebrated the opening of one of the biggest yogurt plants in the world in the heart of Idaho's milk producing region.
As the nation inches toward the economic "fiscal cliff," anxiety is growing in farm country about an obscure tangent of the Washington political standoff that reaches into the dairy industry and, indirectly, into the household budgets of consumers who buy milk and cheese.
A South Dakota cheese making company has agreed to pay $85,000 to settle a sex discrimination charge. The U.S. Equal Employment Opportunity Commission says Milbank-based Valley Queen Cheese Factory has agreed to pay the settlement to two female applicants rejected for the position of milk hauler.
Most Americans never will sip the watermelon margarita at Guy Fieri's behemoth Times Square restaurant, nor savor the chicken Alfredo at the Olive Garden in Grand Forks, N.D. It was a year when drought crippled farmers while Californians clamored for foie gras. Twinkies died and Paula Deen endorsed a diabetes drug. Which is to say, it was a year when the unlikely was the norm.
Andy Axelrod knows desserts. As the president of Love and Quiches Desserts, Andy meets with foodservice professionals and food retailers all over the world to discuss what products — brownies, dessert bars, cheesecakes, cakes, tarts, cobblers, mousses and more — resonate with their customers. Here are his expert predictions for the top two dessert trends of 2013.
A small Czech brewer, Budejovicky Budvar, and the world's largest beer maker, AB InBev, are locked in a battle that has gone on for over a century. Each wants exclusive rights to the name Budweiser, and when Budvar rejected an AB InBev offer this week, it also refused to put forward a counteroffer.
The LSU AgCenter has hired a veteran food consultant to organize a food business incubator. Gaye Sandoz, who most recently was with Edible Enterprises — a food business incubator in in Norco — hopes to have the incubator fully developed over the next 12 months.
Once the bane of pot-luck parties, the fruitcake has been turned into a sought-after treat by Trappist monks secluded in the Missouri Ozarks who some say bake cake that's nothing short of heavenly. Between February and mid-December, monks at the Assumption Abbey in Ava, Mo., produce about 25,000 fruitcakes.
A deal, it seems, will have to wait a bit longer because settlement talks between state-owned Budejovicky Budvar and Anheuser-Busch, a U.S. company now part of AB InBev, have collapsed, according to Budvar's director general, Jiri Bocek.
Sanderson Farms returned to a profit during its fourth quarter, buoyed from higher poultry prices. The performance topped Wall Street expectations. Company shares rose 2 percent before the opening bell. For the three months ended Oct. 31, Sanderson Farms earned $9.3 million, or 41 cents per share.
Starting at the end of January, PepsiCo Inc. will begin airing TV ads with the tag line "Love Every Sip," along with the rollout of special edition silver cans featuring the blue-and-red Pepsi logo in a heart shape. The company is working with designers to introduce other special designs later in the year as well.
A small brewer in the Czech Republic and the world's biggest beer maker have been suing each other over the right to put the word Budweiser on their bottles in what has become a David versus Goliath corporate saga. A deal, it seems, will have to wait a bit longer because settlement talks between state-owned Budejovicky Budvar and Anheuser-Busch have collapsed.
Caribou Coffee is being taken private by a German holding company in a deal valued at about $340 million. The coffee chain, which has 610 locations in the U.S. and overseas, said Monday that it will continue to operate as an independent company with its own brand and management team once the buyout by Joh. A Benckiser Group GmbH closes.