Monday, April 18, 2011

Nestle to acquire 60% of China's Yinlu Foods

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April 18, 2011News for the food, beverage and consumer packaged goods industry

  Company Watch 
 
  • Dean Foods announces job cuts in Dallas
    Dean Foods, which trimmed 1,400 jobs in 2010, has cut more positions, this time mostly at its corporate headquarters in Dallas. The company did not say how many jobs were eliminated, but a spokeswoman said, "these current reductions have a larger impact on Dallas than those that happened last year." The Dallas Morning News (free content) (4/14) LinkedInFacebookTwitterEmail this Story
  • Nestle to acquire 60% of China's Yinlu Foods
    Nestle will take a 60% share in Yinlu Foods Group if the deal is approved by regulators in China. The Chinese company already works with Nestle to make Nescafe coffee in China, and the deal "demonstrates our long-term investment in China and our commitment to further developing local brands," said Nestle CEO Paul Bulcke. RTT News (4/18), The Wall Street Journal (4/18) LinkedInFacebookTwitterEmail this Story
 
  • Campbell adds to V8 V-Fusion line
    Campbell Soup has added Concord Grape Raspberry and Concord Grape Raspberry Light to its line of V8 V-Fusion blended juice drinks. The new flavors are available in 46-ounce bottles, and Concord Grape Raspberry also will be sold in 8-ounce cans starting in July. Drinks Business Review (4/15) LinkedInFacebookTwitterEmail this Story
  • Other News
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  Trends 
  • Chinese demand shakes up the pecan market
    The price of pecans is increasing as demand from China goes up. China wanted practically no pecans five years ago, but demand increased to a quarter of the U.S. crop in 2009. Such demand is changing the industry, in part because nuts are sold unshelled to China, and shellers in the U.S. are struggling to secure nuts at reasonable prices for bakers and other food makers. The Wall Street Journal (4/18) LinkedInFacebookTwitterEmail this Story
  • Private-label purchases can save 33%
    A study from the Private Label Manufacturers Association says consumers can shave 33% from their grocery bills if they buy only private-label products. Private-label aspirin was as much as 60% less expensive than national brands, the study found, while pasta sauce represented a 40% savings and store-brand carbonated drinks could save consumers as much as 46%. MediaPost Communications/Marketing Daily (4/15) LinkedInFacebookTwitterEmail this Story
 
  • Other News
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  Advertising & Marketing 
 
  • Wrigley touts Coachella sponsorship via Twitter
    Wrigley used Twitter to promote 5 Gum's sponsorship of the Coachella Valley Music and Arts Festival in California. Users who clicked on the link in the Promoted Trend ad were able to see the three-day event streamed live on Coachella's YouTube channel. ClickZ (4/15) LinkedInFacebookTwitterEmail this Story
  • Colt 45 Blast touts brew's potency in new campaign
    Rapper and celebrity Snoop Dogg has taken to YouTube and Twitter to endorse the new Colt 45 fruit-flavored alcoholic beverage Blast, which comes in 23.5-ounce cans and contains 12% alcohol. Critics say the sweet drinks appeal to underage drinkers and that the social media strategy allows the brand to reach young fans without the restrictions of more traditional advertising. Evan Metropoulos, who co-owns parent company Pabst, said, "We're going to do our very best to hammer home the message of responsible drinking." The New York Times (tiered subscription model) (4/17) LinkedInFacebookTwitterEmail this Story
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  Retail Spotlight 
 
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  Hot Topics 

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  Science & Technology 
  • Report: Europe lacks data on biotech crops' socio-economic impact
    The European Commission released a report saying the socio-economic impact of biotech crops remains ambiguous because "existing information is often statistically limited" due to the low adoption rate of such crops in Europe. Trade group EuropaBio touted the benefits of biotech crops, which, according to the report, helped raise average yields in some areas in Spain by 11.8%. Reuters (4/15) LinkedInFacebookTwitterEmail this Story
  Health & Wellness 
  • Cancer-fighting diets focus on changing eating habits
    Many diets help people lose weight, but more specific regimens, such as a Mediterranean-style or whole-body diet, are better at reducing the risk of cancer. Clinical dietitian Daxaben Amin of the University of Texas M.D. Anderson Cancer Center says diets that reduce the risks of cancer call for permanent changes in eating habits and include all of the food groups rather than focusing on short-term changes or restricting certain foods. HealthDay News (4/15) LinkedInFacebookTwitterEmail this Story
  GMA News 
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  Government & Food Safety 
  • Drug-resistant bacteria are found in grocery meat
    Researchers at the Translational Genomics Research Institute analyzed 136 samples of meat from 26 groceries and found high levels of Staphylococcus aureus bacteria, many of which were resistant to at least one type of antibiotic. An FDA spokeswoman said "the public health relevance of the findings is unclear" but that the agency is monitoring the situation. Reuters (4/15) LinkedInFacebookTwitterEmail this Story
Manager Procurement - Frozen Vegetables & MushroomsCampbell Soup CompanyUS - NJ - Camden
Manager SalesConAgra FoodsNaperville, IL
Manager National AccountsConAgra FoodsPleasanton, CA
Regulatory Affairs SpecialistPinnacle Food CorpCherry Hill, NJ
Production ManagerConfidentialSacramento, CA
Retail Operations ManagerMcCormick & Co., Inc.Scottsdale, AZ
Director QualityConAgra FoodsOmaha, NE

  SmartQuote 
The true spirit of conversation consists in building on another man's observation, not overturning it."
--Edward Bulwer-Lytton,
British politician and writer


 
 
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