CPG Section
Folgers' 2 to 3% annual sales growth is lower than the annual sales growth of Procter & Gamble. The company had therefore decided to sell its Folgers coffee business for US$95 billion to JM Smucker.
07-06-2008 (17:32)
Podravka, Croatia's leading food manufacturer, has announced that CEO Darko Marinac will become president of the company's supervisory board. Other management change announcements are expected.
30-05-2008 (08:22)
Heineken N.V. is to acquire the Rechitsa brewery, strengthening Heineken's number two position in the fast growing Belarus market giving the company a production share of 24%. In 2007, Rechitsa sold 285,000 hectolitres, equating to a national production share of 8%.
23-05-2008 (11:19)
Danone is likely to axe its V energy drink as result of the product's inability to capture the market of category leader, Red Bull. Less than a year ago, V was revamped and re-launched with the support of €4.2 million. This was the second re-launch of the product.
18-05-2008 (14:59)
Manufacturers