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Food company JM Smucker acquires P&G’s Folgers
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)
Croatia’s Podravka changes staff in hopes of increasing profits
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 to acquire leading Belarus brewery
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 plans to drop yet another drink product
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)

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