Martinne's Feed
Jul 23, 2013

Starbucks and Danone team up to take on growing U.S. yogurt market

July 23 (Reuters) – Starbucks Corp and Danone SA
said on Tuesday they will sell a co-branded yogurt
through Starbucks cafes and in grocery stores as yogurt makers
and food companies battle for market share in the $7 billion
U.S. market.

The partnership comes as Starbucks pushes into the “health
and wellness” category and as Danone, owner of the Dannon brand,
and other yogurt makers seek to conquer the U.S. market, where
yogurt consumption per capita lags Europe.

Jul 23, 2013

Starbucks, Danone to sell co-branded yogurt starting in 2014

By Lisa Baertlein and Martinne Geller

(Reuters) – Starbucks Corp (SBUX.O: Quote, Profile, Research, Stock Buzz) and Danone SA (DANO.PA: Quote, Profile, Research, Stock Buzz) said on Tuesday they agreed to sell a co-branded yogurt through Starbucks cafes and in grocery stores as yogurt makers battle for dominance in the $7 billion U.S. market.

The partnership comes as Starbucks pushes into the “health and wellness” category and as Danone, owner of the Dannon brand, and other yogurt makers seek to conquer the U.S. market, where yogurt consumption lags Europe.

Jul 18, 2013

BlackRock support for PepsiCo may stymie Peltz call for Mondelez merger

NEW YORK (Reuters) – BlackRock Inc (BLK.N: Quote, Profile, Research, Stock Buzz) said on Thursday it opposes Nelson Peltz’s proposal that PepsiCo Inc (PEP.N: Quote, Profile, Research, Stock Buzz) buy Mondelez International (MDLZ.O: Quote, Profile, Research, Stock Buzz) and shed its beverage business, signaling that the activist investor’s proposal could fall flat with fellow investors.

“At the moment, I would disagree with him,” Larry Fink, chief executive of BlackRock, the world’s largest money manager, said in an interview on CNBC. “I question how it would add long-term value.”

Jul 18, 2013

Trian’s Peltz says PepsiCo should buy Mondelez

NEW YORK (Reuters) – Activist shareholder Nelson Peltz dialed up pressure on PepsiCo Inc (PEP.N: Quote, Profile, Research, Stock Buzz), saying it should buy Mondelez International Inc (MDLZ.O: Quote, Profile, Research, Stock Buzz) for more than $62 billion and spin off its soft drink business.

Peltz, a force behind some of the global food industry’s biggest deals, finally laid out his vision for what would be a snack food powerhouse on Wednesday, three months after reporting ownership stakes in each company that sparked rampant Wall Street speculation.

Jul 17, 2013

Trian’s Peltz wants PepsiCo to buy Mondelez

NEW YORK (Reuters) – Activist shareholder Trian Fund Management said on Wednesday it wants PepsiCo Inc to buy Oreo cookie maker Mondelez International Inc for $35 to $38 a share, or separate its snacks and beverage business.

Officials from both companies were not immediately available for comment, but Trian said in a statement that PepsiCo had indicated it was not inclined to pursue the acquisition.

Jul 17, 2013

Peltz could break silence on PepsiCo talks soon: sources

NEW YORK (Reuters) – A timeframe agreed upon between PepsiCo Inc (PEP.N: Quote, Profile, Research, Stock Buzz) and Trian Fund Management’s Nelson Peltz to privately address the activist investor’s suggestions for improving shareholder returns may be closing, according to three sources familiar with the matter.

Peltz, who has played a role in some of the global food industry’s biggest deals, revealed a stake in PepsiCo in April. The soft drink and snack maker said at the time that it had held meetings with Trian “to discuss and consider their ideas”. It did not say what those ideas were, though a concurrent purchase of Oreo cookie maker Mondelez International Inc (MDLZ.O: Quote, Profile, Research, Stock Buzz) shares fueled speculation Peltz would push for a merger.

Jul 16, 2013

Coke profit falls on wet weather, weak economy

By Martinne Geller

(Reuters) – Coca-Cola Co (KO.N: Quote, Profile, Research, Stock Buzz) reported weaker-than-expected sales volumes on Tuesday due to ongoing economic malaise and unusually poor weather, sending its shares down nearly 3 percent.

Coca-Cola said overall volume rose 1 percent, which was below its expectations, and cited slow economies in Europe, Asia and Latin America. It also said historically wet and cold weather across various regions curbed sales of soft drinks and overall consumer spending.

Jul 9, 2013

General Mills may expand yogurt business overseas

NEW YORK, July 9 (Reuters) – As General Mills Inc
rolls out a new Yoplait Greek yogurt in the United States, it is
also thinking about expanding abroad, its chief executive
officer said on Tuesday.

Yogurt is a roughly $65 billion market worldwide, and the
controller of the Yoplait brand is studying how it might enter
other markets, including China and India, General Mills CEO Ken
Powell told Reuters.

Jul 3, 2013

Pepsi outside California still has chemical linked to cancer -report

July 3 (Reuters) – Pepsi-Cola is still using caramel
coloring containing a chemical linked to cancer in rodents, a
report released on Wednesday showed, more than a year after the
beverage maker promised to phase it out.

The Center for Environmental Health said that PepsiCo Inc.
lagged its rival Coca-Cola in removing the
chemical, called 4-methylimidazole, or 4-MI.

Jul 2, 2013

Constellation Brands misses Wall St forecasts, raises outlook

By Martinne Geller

(Reuters) – Constellation Brands Inc (STZ.N: Quote, Profile, Research, Stock Buzz), the world’s largest wine company, posted lower-than-expected quarterly earnings on Tuesday after higher grape costs hurt margins.

Yet the maker of Robert Mondavi and Ravenswood wines raised its forecast for the full fiscal year, saying more attractive financing terms for its recent beer acquisition should lead to lower interest expense.