News

According to just-food.com, convenience store company Seven-Eleven Japan is to become the parent company of its US founder 7-Eleven as Japanese retailer Ito-Yokado reallocates shares within the company.
Ito-Yokado said ... SG

On consolidated sales of CHF 86769 million, the Nestlé Group, Vevey, achieved an EBITA of CHF 10 970 million, resulting in all-time high margin of 12.6 percent of sales. Net ... SG

Ahold has announced that it has completed the divestment of 12 large Hypernova hypermarkets in Poland to Carrefour.Closing of the transaction, which was announced on November 15, 2004, was subject ... SG

Istvan Justin, CEO of Stollwerck Budapest Kft as well as distribution company Bonbonetti Kereskedelmi Kft will step down from both positions and will leave the confectionery group as of February ... SG

US snack and soft drinks company PepsiCo completed 2004 with strong fourth-quarter performance across all its business segments. Each of the Company s operating Divisions posted solid top line ... SG

According to online magazine just-food.com, Nestlé still has chance of have a break trademark. The Swiss giant is fighting for securing trademark rights to the phrase ‘have a ... SG

Students in Japan have reportedly caused sales of Kit Kat bars to soar, by adopting them as lucky charms.
The name of the chocolate bar resembles a Japanese expression - ... SG

Daniel Bernard will resign as chairman and chief executive of Carrefour in a big board shake-up at the world s second-biggest retailer expected to be announced on Thursday, the Financial ... SG

The year 2004 was largely satisfactory for the German confectionery industry.A number of successful new products were launched and cooler summer temperatures gave chocolate sales a chance to recover from ... SG

Israel’s antitrust authority decided to indict Strauss-Elite, its CEO Giora Bar Dea and six senior company officers on evidence they blocked Cadbury chocolate sales. A Globes report notes:“The investigation found ... SG

Baked goods manufacturers Vadossi Sächsische Spezialitäten Hartmann GbR have reported an increase in sales in 2004 up to €9m.The company employs 79 people. Providing a solid base for growth is ... SG

The Wm. Wrigley Jr. Company has reported a rise in volume, sales and earnings for the fourth quarter as well as for the 2004 fiscal year. For 2004, earnings per ... SG

US food manufacturer Kraft Foods Inc has reported a 27.7% fall in fourth-quarter profit. The company reported net earnings of US$628m for the fourth quarter of 2004, compared to US$869m ... SG

Karel Boone,head of the Belgian baked goods manufacturer Lotus Bakeries NV, Lembeke, accepted the prestigious French award, theTrophée de l’Investisseur Ami de l’Esprit Alimentaire,in Paris on behalf of the company. ... SG

A record-breaking 1,600-plus suppliers are expected to attend the 35th International Sweets and Biscuits Fair (ISM) in Cologne from 30th January to 2nd February 2005. The virtually complete range of ... SG