Campbell Soup Co. has appointed former Coca-Cola Co. executive Gareth Edgecombe to the role of president of its operations in Asia-Pacific.Edgecombe will be responsible for the company’s Australian, Asian and Pacific operations, including the Arnott’s biscuits brand and Campbell’s soup. He will be based at Campbell Arnott’s regional headquarters in Sydney and will report to Mark Alexander, president of Campbell International. His appointment is effective from 8 August. Edgecombe... ...Read more »

The president of Campbell Soup Co.’s operations in Asia-Pacific is to join Goodman Fielder as the Australian food maker’s chief executive.Chris Delaney will take the top job at Goodman Fielder next month, replacing Peter Margin, who quit in January. Delaney joined Campbell in 2004 as vice president of sales. He became president of the soup maker’s operations in emerging markets in 2006. In October 2009, Delaney became president of Campbell’s Asia-Pacific unit. Goodman Fielder... ...Read more »

Campbell Soup Co. has reversed a trend of downward earnings in its third quarter, booking an increase in profits as snack and international sales propelled gains. The US soup maker revealed today (23 May) that net earnings for the three months ended 1 May totalled US$187m, up from $168m in the comparable period of last year. Sales edged up 0.6% to $1.81bn in the period, as the company’s snacks and international units (including increased sales in Australia due to the high dollar and “solid... ...Read more »

Campbell Soup Co. has met its lowered expectations for its first quarter with a fall in first-quarter sales and earnings matching a profit warning issued a fortnight ago.The US soup giant booked a 1% drop in sales and a 6% slide in earnings per share for the three months to the end of October. Sales reached US$2.17bn and earnings per share stood at $0.82. Campbell’s EBIT fell 7% – again matching the prediction the company made two weeks ago – to $444m due to increased spending on... ...Read more »

US food group Campbell Soup Co. yesterday cut its full-year profit targets after a weak first quarter when its promotions did not pay off. Campbell, part-way through the key season for soup sales, now expects annual EBIT to be “comparable” to last year, a downgrade from its previous target of a rise of 4-5%. The soup maker, also owner of Australian iconic biscuit brand Arnotts, is now targeting a 2-4% increase in earnings per share, down from growth of 5-7%. It sees net sales rising by... ...Read more »

The Board of the Australian Food and Grocery Council (AFGC) has welcomed the election of John Doumani as the new Chair of AFGC, the leading and united voice of Australia’s $102 billion food and grocery manufacturing sector.John Doumani, Managing Director of consumer dairy company Fonterra Australia/New Zealand takes up the position of Chair following the retirement of former Chairman Geoff Starr who served on AFGC’s Board for nearly five years, with three as Chair. “I look forward... ...Read more »

Campbell Soup Co. has launched two limited-edition soups into 10 cities in the US. The US food group said yesterday that the two “artisanal” soups would go on sale “while supplies last” at select supermarkets in cities including Washington DC, Cleveland and Seattle. The lines – Sun-Ripened Yellow Tomato soup and Harvest Orange Tomato – are made with yellow and orange tomatoes, which the company uses in its V8 V-Fusion vegetable and fruit juices. “These two... ...Read more »

Denise Morrison, the woman set to become CEO of US food group Campbell Soup Co., has shaken up the company’s senior management team. Morrison is set to move from her role as head of Campbell’s North American soup, sauces and beverage businesses to the job of chief operating officer on Friday (1 October). The 56-year-old has been appointed COO in preparation for her to replace Doug Conant as chief executive next July. As COO, Morrison will lead all of Campbell’s global businesses... ...Read more »

Kellogg’s is the top packaged food brand in the U.S. according to Interbrand’s latest annual ranking of the 100 “Best Global Brands”. The cereal company was ranked number 35 – down one on a year earlier – in a study that analysed the value of global brands, studying their financial performance, their role in the purchase decision process and the strength of the brand to continue to secure earnings for their owner. Other food manufacturers on the list include Heinz... ...Read more »

Campbell Soup Co. yesterday (7 September) outlined the details of its first-ever umbrella soup campaign for all its brands on sale in the US.The marketing push, which comes under the tagline “It’s Amazing What Soup Can Do”, will see Campbell spend over US$100m to breathe fresh life into its soup business in the US, which has seen sales decline in recent months. On Friday, Campbell said its US soup sales had fallen 5% in the three months to 1 August. Over the 12 months to the start... ...Read more »