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- Mrs. Fields Gets Go-Ahead in Bankruptcy Proceedings
- In a quick look at the ongoing struggles of Mrs. Fields Famous Brands, a glimmer of hope came out of bankruptcy court late last month. According to Eric Schroeder of foodbusinessnews.net, the Salt Lake City company that makes those scrumptious cookies and owns the yogurt chain, TCBY, has been approved...
- Blog posts 2008-09-09
- McDonald's August Sales Numbers Call for New Strategy
- McDonald's August comparable sales, released on Tuesday, showed 8.5 percent growth globally and 4.5 percent growth in the United States. Not bad for a downturn, but the overall sales increased was only .04 percent higher than in the same period last year. Maybe more troubling is the...
- Blog posts 2008-09-09
- Food Industry M&A Activity Doubles
- M&A volume in the food industry has doubled in the past two years, with 2,000 transactions in 2007, according to research recently released by Grant Thornton Corporate Finance. This consolidation has been especially active in the snack-food industry, with 125 mergers and acquisitions between 2005 and 2007. ...
- Blog posts 2008-09-10
- Big Food Producers Promise No Cloned Meat
- Via Steve Bjerklie of MeatPoultry.com, I see that 20 major food companies, including giants Kraft Foods, General Mills and Nestle, have apparently pledged not to sell food containing cloned meat. The companies appear to have struck this pact with a Washington, D.C., nonprofit called the Center for Food Safety, which...
- Blog posts 2008-09-11
- Triarc Takeover of Wendy's Complete
- It's official: Triarc Companies will now officially take control of Wendy's now that shareholders have approved the proposed merger. Triarc owner Nelson Peltz got quite a deal, as he originally proposed buying Wendy's for $37-$41 per share, and three attempts later ended up controlling the franchise for just over $26...
- Blog posts 2008-09-15
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