Grupo Bimbo Reportedly Planning Twinkie Knockoff
Grupo Bimbo, which lost out on the bidding for the Twinkie brand, may be planning to bake up an imitation of the iconic product, The New York Post reports.
food industry
Midday Market Minute: Food Industry News Galore (Kraft, Burger King, More)
Earnings galore today from Kraft, Campbell Soup, JM Smucker and others. And the big news yesterday -– the takeover of HJ Heinz by Warren Buffett and a Brazilian firm, 3G Capital, which is also the largest shareholder in Burger King. You see the synergy: Heinz on a whopper.
Warren Buffett Part of Group to Buy Heinz in $23 Billion Deal
H.J. Heinz Co. has agreed to be acquired by an investment group including billionaire investor Warren Buffett in a deal valued at $23.3 billion. The ketchup company says it's the largest deal ever in the food industry. Berkshire Hathaway and 3G Capital are making the purchase.
Why the Kraft Split Makes Sense
Kraft split into two, spinning off its North American grocery business from its faster-growing international snacks business Friday. Here's what the move means for shareholders, and why it makes sense.
Japan Disaster Disrupts Global Seafood Industry
Both a major buyer and processor of fish, Japan is an important link in the global seafood distribution chain. So the effects of the disaster -- including the ruined ports, roads, fisheries and processing centers -- have taken their toll on the seafood industry worldwide.
Roper Buys Supply Chain Software Firm iTradeNetwork
Diversified growth company Roper Industries got a bit more diverse Monday with the acquisition of iTradeNetwork, a supply-chain software operator that's focused on the food industry for $525 Million. The firm was backed by venture investor Accel-KKR.
Brunch Nation: Why It's the Hottest Meal of the Year
The recession has turned us into a people who brunch. It makes sense that in hard times, a restaurant outing that combines two meals into one would become as hot as jalapeno-cheddar frittata. Brunch traffic rose in 2009 while traffic for all other meals was down.
