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…
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…
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…
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…
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…
The $5 food that clears toxic cancer-causing plastics from the body
READ MORE: Five areas at home where you're most exposed to microplastics A cheap fermented vegetable and staple of Korean cuisine may help in combating a build-up of harmful microplastics linked to heart disease, cancer, inflammation and brain…
Lichfield District Council delays weekly food waste collections
Andia/Universal Images Group/Getty Images Lichfield District Council has failed to get its new weekly food waste collections under way. New rules that came into force on Tuesday require the collections for all homes in England. An earlier BBC…
Unilever's $40 Billion Food Sale Augurs a More Beautiful Future
Unilever Plc's Fernando Fernandez could luck out by selling most of the consumer company's food businesses, including Hellmann's mayonnaise and Knorr stock cubes, to McCormick & Co. But Fernandez, who's has been chief executive officer for just…
New bin rules introducing weekly food waste collections arrive today
New rules for household waste and recycling came into force in England today as an investigation revealed one in four councils are still not ready to provide the service. Households will now separate their waste into a maximum of four different…
Food price rises unlikely before summer, says boss of Sainsbury's
Shoppers will not see food prices rise until at least the summer and Easter will be unaffected by conflict in the Middle East, the boss of Sainsbury's has said, despite fears of an inflation spike. Simon Roberts said it was “too…
Unilever nearing deal worth £11.9bn to merge food unit with US rival McCormick
News from The City, market updates plus comment and analysis from our business desk I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. Hellmann's maker Unilever has said it is in late-stage…
Marmite maker Unilever nears deal to combine food arm with US condiment giant
Unilever is in advanced talks to combine its food business with US-based McCormick, in a deal including $15.7bn (£11.9bn) cash that would give the Marmite-to-Hellmann's mayonnaise owner majority control of a $60bn food empire. London-listed…
Tariffs, frozen food demand reshape cold chains, Lineage report says
Tariffs, regulation and shifting consumer demand continue to disrupt cold supply chains, according to a survey released by temperature-controlled warehouse operator Lineage. The Cold Chain Insights Survey of 1,000 supply chain decision-makers…
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