Food industry ‘fails to deal with food scares effectively’
Nearly 60% of consumers lacked confidence in the UK food industry to respond to food scares effectively, warns the latest research from research group Mintel.
Archives for July 4, 2013
Big interview: Kevin Klock, CEO Talking Rain (Sparkling ICE)
Talking Rain CEO: We can turn Sparkling ICE into a $1bn brand by 2018
Want to know what success looks like? Check out Sparkling ICE. In early 2010 it was generating $10m a year. This year, it’s on course to generate $350-400m and CEO Kevin Klock tells FoodNavigator-USA it could be a $1bn brand by 2018.
Finance
VKL to get $40m investment to focus fully on Indian QSR supply
Private equity investor India Value Fund Advisors has revealed it will invest US$40m to finance the next phase of growth of a domestic food ingredients company – the latest in a line of QSR suppliers to catch the eye of buyout firms.
Australia a spirit-based ‘RTD island’ in itself: Gruppo Campari
Gruppo Campari tells BeverageDaily.com that Australia is an historical heartland for spirit-based RTDs as it targets Asia Pacific growth by buying its first dedicated production facilities in the country.
Cheap white bread: ‘There is no point in having it at all’, says nutritionist
Consumers should be eating wholegrain breads, not basic white that offers little nutritional value, says a UK nutritionist.
Food testing companies profit from meat export ban
The US and Brazil are experiencing difficulties exporting to Chinese, Russian and European food markets due to levels of beta-agonist veterinary drugs in meat, in particular Ractopamine and Zilpaterol.
Nestlé, Danone cut Chinese infant formula prices in response to pricing probe
Nestlé-owned Wyeth Nutrition and Danone Dumex are slashing the price of their infant formula products in China in response to the launch of an investigation into their pricing practices and suspected anti-monopoly violations.
Big interview: Brian Meadows, president, GLG Life Tech
GLG Life Tech shares back on the TSX: ‘The stevia market is growing, and we're positioned to take full advantage’
Stevia supplier GLG Life Tech has resumed trading on the Toronto Stock Exchange (TSX) and reassured investors that “the stevia market is growing worldwide, and we are positioned to take full advantage.”
EU wants US beef ban lifted under TTIP
European Union (EU) representatives travelling to Washington DC next week for the first round of negotiations with the US to forge a Transatlantic Trade and Investment Partnership (TTIP) want early progress on the Americans lifting the current ban on...
The white bread slump: ‘It’s maybe our fault in promoting wholemeal’, says Federation of Bakers
Industry has dedicated a lot of promotional efforts on wholemeal bread and this could have contributed to the slump in white bread, says the Federation of Bakers’ (FOB) director.
Ready meals sales on the up across Europe
Ready meals have continued to sell well in France despite the weak economy – and growth is expected to continue for the next five years, according to market research firm Canadean.
Norway meat duties spark European Parliament anger
The European Parliament (EP) has sharply criticised Norway for imposing heavy duties on imports of beef and lamb from the European Union (EU), calling on the European Commission to assess possible retaliation.
Fonterra ‘contacted’ by Chinese authorities probing infant formula prices
Fonterra has been “contacted” by Chinese authorities investigating high infant formula pricing and suspected anti-monopoly law violation by manufacturers, including Nestlé and Danone, in the country.
Celanese targets beverages and dairy with new Qorus sweetener system
Beverage and dairy formulations have a new sweetener system option that offers ‘authentic taste’, says Celanese Food Ingredients Business.