Kellogg Company, the world’s largest cereal manufacturer, has reported third-quarter 2008 sales growing 9% to US$3.3b - driven by price increases and the trend toward more people eating at home. “The Kellogg business model and strategy continue to give us the ability to offset inflationary headwinds while hitting our targets and delivering sustainable, dependable performance in these very volatile times,” said David Mackay, Kellogg’s chief executive officer. Mr Mackay noted... ...Read more »

Procter & Gamble, owner of the Pringles brand, have won a High Court ruling in the UK which establishes the Pringles products are not potato crisps (chips). Procter & Gamble initiated an appeal following a VAT and Duties Tribunal decision in May that Pringles products were, in fact, potato crisps - therefore making them eligible for a 17.5% sales tax. P&G’s successful appeal to the High Court was based on their belief that the product is more like a cake or biscuit due to the fact... ...Read more »

The number one ground coffee brand in the US has been involved in a merger deal worth approximately US$3.3 billion. The J. M. Smucker Company and The Procter & Gamble Company yesterday announced the signing of a definitive agreement to merge the Folgers coffee business into The J. M. Smucker Company. Folgers is currently owned by global giant Procter & Gamble, responsible for the Gillette and Pringles brands among many others, and is the leading producer of retail packaged coffee products... ...Read more »

Pringles, a snack food brand under the Procter&Gamble banner, have begun extending their number of food products in earnest. Following on from the release of pringles minis they have now created Pringles Extreme and Pringles Stix. The products continue their snack food expansion strategy and have already been released in the US. Pringles Extreme are essentially the same, traditional Pringles with added flavour. They come in three different flavours: Kickin’ Cheddar, Screamin’ Dill... ...Read more »