H. J. Heinz Company has announced solid growth reflecting higher sales and the benefit of the Company’s strategic decision to hedge translation exposures on key currency exchange rates for the quarter. While the world’s leading soup maker, Campbell Soup Company, has posted sales growth of 3 per cent in their first quarter. Heinz benefited from 5.8% organic sales growth, led by the Company’s Top 15 brands, which posted organic sales growth of 8.5%. Heinz banked a 3.5% second-quarter... ...Read more »

Food manufacturer Campbell Soup Company has announced plans to exit the snack foods business in Australia. Campbell’s have agreed to sell to a group of Australian investors which include members of the management team at Australian snack foods company The Real McCoy. The sale incorporates the following snack food brands: Cheezels, Thins, Tasty Jacks, French Fries and Kettle Chips, as well as two food production plants in Australia. The deal is part of a global re-structure for Campbell’s... ...Read more »

Packaging of a number of Arnott’s biscuits in the Snack Right range have been declared to be misleading under final orders obtained by consent from the Federal Court, following Australian Competition and Consumer Commission action.The Federal Court declared that Arnott’s Biscuits Limited breached the Trade Practices Act 1974 by engaging in conduct likely to be false, misleading or deceptive in relation to the packaging and labelling of the following Snack Right products: Snack Right... ...Read more »