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Food & Beverage

AB InBev to sell South Korean brewer for $1.8 billion

May 11, 2009
According to Reuters, Anheuser-Busch InBev has agreed to sell its South Korean Oriental Brewery to private equity firm Kohlberg Kravis Roberts & Co for $1.8 billion, allowing the world''s largest
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Pork producer ad blitz no instant cure for flu fears

May 11, 2009
Fears of a global flu pandemic may be subsiding but a big sector in the already battered U.S. food industry will be left reeling for months to come as a
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Flu fears prompt 20 countries to ban meat imports

May 4, 2009
Reuters reports that twenty countries worldwide have banned imports of pork and other meat in response to a flu virus that has infected both people and swine, according to
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French food industry withstands crisis-lobby

April 27, 2009
The head of the French food industry’s lobby said the industry should hold up relatively well in the economic crisis despite accepting price cuts in negotiations with supermarkets this year,
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Kraft Foods advances its sustainability agenda

April 21, 2009
Kraft Foods has reached two important achievements that progress sustainability within its agricultural supply chain. Last year, the company increased its year-over-year purchase of coffee beans from Rainforest Alliance Certified
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Norway threatens action if EU bans seal products

April 21, 2009
Norway has threatened to challenge the European Union over plans to ban imports of furs and other products from seals. The executive European Commission last year proposed banning the import
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Pennsylvania pesticide maker vows steps to protect lions in Africa

March 31, 2009
The Philadelphia-based manufacturer of a pesticide blamed by conservationists for the poisoning deaths of lions in Kenya says it''s taking "aggressive action" to prevent misuse of the product, halting sales
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U.S. shoppers still paying more for ‘green’ products

March 25, 2009
U.S. households are continuing to pay more for “green”, environmentally-friendly household products, defying a broad trend of shoppers “trading down” to lower priced goods and retailers’ own-label brands, reports the
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Sara Lee weighs sale of European business

March 16, 2009
Reuters reports that Sara Lee Corporation, which is focusing on its core food and beverage business, is examining a sale of its European household and personal care business. Citing people
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Starbucks to launch coffee in France, Germany

March 9, 2009
Coffee chain operator Starbucks Corp. and food maker Kraft Foods Inc. will launch packaged Starbucks coffee in France and Germany, according to the Associated Press. Financial terms were not disclosed.
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