PepsiCo has completed the acquisition of a 66% stake in Wimm-Bill-Dann, it said last night (3 February).The snacks and soft drinks giant announced in December that it had struck a deal to buy a stake in...

Unilever will increase its prices at a more “rapid rate” in 2011 as it continues to look to offset rising commodity costs, concerns over which hit the company’s share price yesterday...

Nestlé has closed its three production plants in Egypt – and its local headquarters in Cairo – due to the political unrest in the African country. The world’s largest food manufacturer...

US confectioner Hershey yesterday posted an 18% rise in underlying annual profits as the Reese’s maker finished 2010 with accelerating sales growth.The company said its adjusted net income reached...

Marcel Smits, the chief executive of Sara Lee, defended the US food group’s plans to split the business in two, amid questions over whether the move will benefit shareholders. Smits, who also admitted...

Researchers from the universities of Navarra and Las Palmas de Gran Canaria have demonstrated that the ingestion of trans fatty acids (also known as trans-fats) and saturated fats increase the risk of...

Sara Lee, the US food group, on Friday (28 January) confirmed plans to split itself in two.The company’s senior management has drawn up proposals, backed by its board, to create two publicly-traded...

Cocoa prices this week shot up as the president-elect of Cote D’Ivoire announced an export ban amid political struggles in the country. Europe’s confectioners and biscuit makers admitted that...

Concerns that the German dioxin crisis could force European pigmeat producers into losses have pushed the EU into offering emergency storage subsidies. Handouts will vary by products being stored and the...

US grocery operator Safeway Inc has launched a range of 100% natural foods called Open Nature.The retailer announced on Wednesday (26 January) that the line comprises more than 100 products, launching...