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F&B firms see no trade woes

Business | FMCG/food
2009-11-20

FOREIGN food and beverage exporters are not worried that trade disputes between China and other countries will spread to the sector and they remain optimistic in China's imported food market over the long term. ...

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Unilever's profit down but sales improve

Business | FMCG/food
2009-11-6

UNILEVER NV, maker of Dove soaps and Ben & Jerry's ice cream, said yesterday net profit fell 36 percent for the third quarter, mostly because earnings in the same period a year ago benefited from the sale of operations. ...

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Goldman earns 5 times from stake sale

Business | FMCG/food
2009-11-5

GOLDMAN Sachs has agreed to sell half of its holding in Shineway Group, China's top meat processor, to a Chinese fund for about US$150 million, earning roughly five times its investment from the landmark 2006 deal,...

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Kraft still sweet on Cadbury takeover

Business | FMCG/food
2009-11-5

KRAFT Foods Inc was still interested in acquiring Cadbury Plc but planned to deliver solid results with or without the British candy maker, Kraft said yesterday. British regulators set a November 9 deadline for...

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Cola maker sues Pepsi over deal that fizzled

Business | FMCG/food
2009-10-31

A DOMESTIC soft-drink maker is suing the Chinese unit of Pepsi because the company says its former joint-venture partner is illegally using its brand and business secrets. Chongqing-based China Tianfu Cola Group...

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Big brewers battle it out in calorie-cutting

Business | FMCG/food
2009-10-28

HOW low can beer makers go? Having conquered the beer-belly set, some of the biggest US brewers are trying to win over the six-pack-ab crowd with ultra-low-calorie suds. The question is: Are drinkers willing to sacrifice...

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Big Macs off the menu in beleaguered Iceland

Business | FMCG/food
2009-10-28

THE Big Mac, long a symbol of globalization, has become the latest victim of Iceland's overexposure to the world financial crisis. Iceland's three McDonald's restaurants - all in the capital of Reykjavik - will...

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Danone SA Revenue falls on weak currencies

Business | FMCG/food
2009-10-24

FRANCE'S Danone SA yesterday said its revenue fell 1.7 percent in the third quarter as foreign sales of its bottled water and yogurt suffered from some currencies' weakness against the euro. Danone, which bottles...

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Danone revenue down 1.7 pct in Q3

Business | FMCG/food
2009-10-23

FRANCE'S Danone SA said today its revenue fell 1.7 percent in the third quarter as foreign sales of its bottled water and yogurt suffered from some currencies' weakness against the euro. Danone, which bottles...

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Yum! move boosts Little Sheep

Business | FMCG/food
2009-10-23

SHARES of China's hot-pot chain Little Sheep Group Ltd rose 1.6 percent after United States fast food giant Yum! Brands Inc agreed to buy an additional 7.3 percent stake in the company for HK$300 million (US$38.7...

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Coca-cola sued in video-rights battle

Business | FMCG/food
2009-10-16

THE battle over pirated videos in China has moved online, and the companies crying foul this time aren't from Hollywood. It's Chinese Website versus Chinese Website in a fight that also entangles big online advertisers...

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Coca-Cola tests market with dairy drink

Business | FMCG/food
2009-10-13

COCA-COLA Company yesterday launched its first dairy drink in China as it embarked on a major expansion in the still beverage market as the population increasingly become more health conscious. The domestically...

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Danone, Wahaha split

Business | FMCG/food
2009-10-1

FRENCH food and beverage giant Groupe Danone SA has pulled out of its 13-year joint venture with China's Wahaha Group Co, ending a bitter three-year dispute. In a joint statement issued yesterday, Danone said...

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Danone severs ties with Wahaha

Business | FMCG/food
2009-9-30

FRENCH food and beverage giant Groupe Danone SA today ended a three-year dispute with China's Hangzhou Wahaha Group Co by pulling out of their joint ventures after nearly 10 years. In a joint statement today,...

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Kraft set to make Cadbury hostile bid

Business | FMCG/food
2009-9-29

KRAFT Foods Inc is poised to launch a hostile bid for Cadbury Plc that values the British confectionery business at around 11 billion pounds (US$17.6 billion), a report in The Observer newspaper said. In a separate...