Food Industry News
A collection of Food latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Maryland-based spice maker McCormick to combine with Unilever in food industry shake-up
Spice and flavorings company McCormick announced on Tuesday that it's combining with Unilever's foods division, which includes brands like Hellmann's and Knorr. Companies in the packaged food sector have struggled with inflation and changing…
Watch Food Industry is 'Crazy and Wild' as Costs, Prices Rise, Says Stew Leonard's CEO
Food Industry is 'Crazy and Wild' as Costs, Prices Rise, Says Stew Leonard's CEO Stew Leonard Jr, president and CEO of grocery store Stew Leonard's, said that grocery store owners don't want to raise prices on consumers, but that the landscape of…
Clover Food Lab puts itself on the market
Clover Food Lab is seeking a new buyer, the company told Boston.com on Tuesday, a move that surfaced as the vegetarian fast-casual chain filed a state notice on Monday announcing plans to lay off 182 workers. Clover said the filing was required…
Food inflation 'could hit 10%' amid Middle East chaos
Industry experts have warned food inflation could hit near to 10 per cent by the end of this year as Donald Trump 's war in Iran drives up costs. Economists for the Food and Drink Federation (FDF) are now predicting food inflation will reach at…
Alexa+ gets new food ordering experiences with Uber Eats and Grubhub
Amazon's latest upgrade to Alexa+, its next-generation AI assistant, allows you to order food from popular delivery services Uber Eats and Grubhub in a conversational manner, just as if you were chatting with a waiter at a restaurant or placing an…
Everest guides 'lace climbers' food to trigger rescues' in £15m scam
Guides taking tourists up and down Mount Everest have allegedly been secretly lacing climbers' food to trigger costly helicopter rescues as part of a pervasive £15million insurance scam, according to a new investigation. Though the world's…
Are We Headed for Another Food Price Crisis?
An old commodity-trade adage is that the Middle East “sells hydrocarbons to buy carbohydrates.” The desert states send out their oil and natural gas, and in comes wheat and rice. There are a few things produced in the Gulf, however…
Food prices to rise by almost 10% due to Iran war, warns key industry body
Food bills are set to soar as much as 10 per cent this year as a direct consequence of the Iran war, a key industry body has warned. The Food and Drink Federation (FDF), which represents 12,000 food and drink manufacturers, has hiked its inflation…
McCormick And Unilever Foods: Not A Happy Merger Yet (NYSE:MKC)
McCormick is merging with Unilever's Foods business to create a $20 billion global flavors and foods giant, with McCormick as the surviving entity. The deal values Unilever's business at $44.8 billion and McCormick at $21 billion, with Unilever…
Air fryers will make three common foods tastier than the oven and frying pan
Air fryers have flooded the market and become essential kitchen kit in homes across Britain. Nearly every major kitchen appliance manufacturer produces one, with many offering an extensive range. You'll find standard air fryers in various shapes…
Unilever's food mashup is hardly a delectable prospect for shareholders
If Unilever shareholders thought the era of management-speak twaddle ended a few chief executives ago, say hello to their new partner in the food game. Brendan Foley, the boss of US spice and condiments firm McCormick, ran through the menu as he…
Hormel Foods Corp. stock underperforms Tuesday when compared to competitors
Shares of Hormel Foods Corp. HRL slid 1.61% to $22.65 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX rising 2.91% to 6,528.52 and the Dow Jones Industrial Average DJIA rising…
Middle East war could drive UK food inflation to 9% this year, trade body warns
Get our award-winning daily news email featuring exclusive stories, opinion and expert analysis I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. Food inflation could soar higher than 9% by…
McCormick buys Unilever's food business for $45B
March 31 (UPI) -- McCormick entered into an agreement to purchase the food portion of Unilever for a cash and equity deal that values the company at $45 billion. McCormick will pay $15.7 billion in cash. Unilever's shareholders will own 55.1% of…
Keir Starmer gives cost of living update as Iran war pushes up fuel and food prices
Get our award-winning daily news email featuring exclusive stories, opinion and expert analysis I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. Sir Keir Starmer is delivering a cost of…
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