Kraft Foods Group, Inc. shareholders voted Wednesday to approve the sale of the company to H.J. Heinz, creating one of the largest food companies in the world.
ConAgra Foods Inc. announced plans to sell its store-brand food business. The news comes just two years after the company invested $5 billion to purchase private-label food manufacturer Ralcorp, the Associated Press reported.
The Kellogg Company announced yesterday its net sales decreased 2.1 percent to $3.6 billion in the third quarter and its operating profit over the same time was $365 million, a reported decrease of 27.5 percent.
Thanks to social media, a passionate fan base and a love for ‘90s nostalgia, Surge, the citrus flavored beverage from the Coca-Cola Company, has returned after a 12-year hiatus.
The Coca-Cola Company will purchase a 16.7 percent equity stake in Monster Beverage Corporation, the second largest producer of energy drinks in the US, the company said Friday.
After a year-long investigation, Whole Foods Markets has agreed to pay almost $800,000 in penalties and investigative costs and subject to a 5-year court order for pricing violations throughout California.
In a unanimous decision, the US Supreme Court ruled that POM Wonderful can continue with its lawsuit against Coca-Cola Company for alleged Lanham Act violations.
