Food Biz
Wal-Mart Sues Grocery Union, Others Over Trespassing in Florida
Heinz Set to Lock Up Buyout Funding
H.J. Heinz was set to lock up financing Friday for the biggest buyout in food industry history, slashing the cost of the loan and bond deals funding its $28bn acquisition by 3G Capital and Warren Buffett's Berkshire Hathaway. Mondelez, PepsiCo Shares Rise on Report of Peltz Stakes
Shares of food makers Mondelez International Inc and PepsiCo Inc rose on Friday after a UK newspaper reported that activist shareholder Nelson Peltz has been building stakes in them. Stack Wines Moves From Local Availability to Nationwide Distribution Deal
Popular Southern California wine company Stack Wines has stuck a deal with international importer and distribution giant Shaw-Ross for a start at getting the product across the country. Shaw-Ross will step in charge of sales and marketing business for business, as it will become the exclusive US importer for Stack Wines. The deal is said to be a lengthy strategy to expand into the global wine market. Red Lobster Tests New Express Lunch Format in Select Restaurant Locations
Red Lobster is testing a new lunch format at select restaurants in Florida, something different than the traditional server-run dining experience. It's called the Seaside Express, and the format is along the lines of regular lunch-counter arrangement, as in you - the customer - orders food at the counter instead of dealing with a server. You can seat yourself in a designated "Express" area and wait for the food to be delivered to the table. Safeway 'Just for U' Program Expected To Increase Sales
ZACKS believes Safeway's "just for U" loyalty program could help increase sales for the grocery store. The just for U program offers consumers to save up to 20% more on top of their great Club Card prices. Just for U offers customers digital coupons, personalized deals, your club specials, and savings list. Twinkies Are Gone, But Drake's Coffee Cake Will Last Forever
McKee Food Corporation has acquired Drake's snack cake brand from Hostess Brand Inc., after winning the bid presented for approval by the US Bankruptcy Court. McKee Foods was the only qualified bidder for the Drake asset. 'Burger King' New Bacon Stuffed Burger
Burger King is continuing to alter its menu. The fast food giant is adding more options to its seasonal menu. The new menu is called "Burger Fest", it will contain 12 new menu items including: Turkey Burgers, Vegetable Burgers, Chipotle WHOPPER Sandwiches, Chipotle Chicken Wraps, Iced Tea, Piña Colada Smoothies, and Donut Holes. Scientist Discovers New Application for Copper That Can Be Used to Improve Food Safety
Michigan Technological University researcher Jaroslaw Drelich and professor of materials science and engineering, has discovered a way to destroy harmful microbes before they have a chance to make their way into our bodies. His discovery was of a copper-based antimicrobial compound that, if implanted in the inert compound vermiculite - typically found in potting soil - it would reduce or eliminate harmful bacterias usually found in food products. 'Twinkies' May Return To Store Shelves This Summer
Twinkies along with other snacks will be returning to store shelves. According to FOX Business News, a bankruptcy court judge approved some of the sales announced by Hostess Brands. Shamrock Farms expands to Virginia, begins development on $50 million facility.
Shamrock Farms is expected to begin construction in the coming months on a new 130,000ft2, $50 million dairy manufacturing plant in the state of Virginia. It is expected to be complete by late 2014. The new facility will have a particular focus on extended shelf-life technology (ESL), and will be located in Augusta County. 'Starbucks' Purchases First Coffee Farm, Plans Test Methods To Kill Fungus
Starbucks purchased its first coffee farm on Tuesday. According to FOX Business News, it will help it develop and test new "innovative blends" of coffee in Costa Rica. 'Salt Sugar Fat: How the Food Giants Hooked Us' Shows People's Food Addictions
Children love eating cereal for breakfast. Many of which, contain a high percentage of sugar per serving. Michael Moss, an award-winning writer, recently published a new book; Salt Sugar Fat: How the Food Giants Hooked Us. According to Bloomberg, "The three substances are tied to rising obesity, diabetes, hypertension, and heart disease. They're also the pillars on which the $1 trillion food-manufacturing industry is built." Seattle's Best Coffee Expanding 2013
Seattle's Best Coffee is expanding in the spring. The company will be adding 15 new drive-thru locations in Dallas-Fort Worth in 2013, Yahoo! Finance reported. Dr Pepper Snapple Group Teams Up With Keep America Beautiful
Today, Keep America Beautiful and Dr Pepper Snapple Group announced a partnership agreement focusing on increasing recycling in city, regional and state parks across the country, Yahoo! Finance reported. Dr Pepper Snapple Group donated $300,000 to Keep America Beautiful. This was primarily to fund the placement of recycling bins to offer citizens visiting public parks greater access to recycling systems, Yahoo! Finance reported.
News
