James Amoroso News
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He has discarded Rihanna, yet a year after joining Nivea skin-cream maker Beiersdorf AG, Chief Executive Officer Stefan Heidenreich is still wooing investors.
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Nestle SA and Barry Callebaut AG have plucked an antidote to higher cocoa and sugar prices out of thin air.
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The one-dollar dinner from ConAgra Foods Inc. , a staple for Americans throughout the recession, is under threat from rising commodity costs.
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Ralcorp Holdings Inc. , the maker of Honey Bunches of Oats cereal, rejected an unsolicited takeover offer in March after deciding the bid wasn’t in the best interest of shareholders.
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Nestle SA, known for mass-market chocolates like the KitKat bar, is trying to get a bigger piece of the growing market for fancier sweets. Its idea: customized confections.
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Nespresso sales in the U.S. and Canada have increased about 50 percent this year, helped by store openings and a new distribution agreement, said Frederic Levy, the head of Nestle’s Nespresso brand in those markets.
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Nestle SA said its health-science unit agreed to buy Prometheus Laboratories Inc., a maker of treatments for cancer and gastrointestinal illnesses, as the world’s largest food company invests in personalized nutrition.
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Diamond Foods Inc . rose the most in four months after agreeing to buy Procter & Gamble Co .’s Pringles chip operations for $1.5 billion, more than tripling the size of its snack business.
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Nestle SA , the world’s biggest foodmaker, said it began legal action against Sara Lee Corp. in France for alleged patent violations on its Nespresso coffee- making system.
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Nestle SA sat on $28.3 billion in cash this year while competitors shelled out billions for acquisitions, investing instead on building a personalized nutrition business and making smaller purchases.
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