McDonald's broke up with Heinz after 40 years due to management changes in the condiment company.
Hospitality/Food
Bega Cheese shares purchased by Fonterra Cooperative Group
Fonterra purchased 6% shareholdings in Bega, which in turn upped the ante for its own bid for Warrnambool Cheese and Butter.
Bega Cheese gets regulator approval for Warrnambool Cheese bid
An Australian regulator approved the bid of AUD 407 million of Bega Cheese Ltd for the acquisition of Warrnambool Cheese & Butter Factory Co.
McDonald's and Kraft to sell McCafe in US groceries in 2014
McDonald's and Kraft to sell packaged McCafe-branded coffees in 2014. McDonald's Corp and Kraft Foods Group Inc agreed to sell packages of McCafe-branded coffees at retail locations and grocery stores across the US in 2014.
China Modern Dairy shareholders sell 5.2% stake
Shareholders in the largest milk producer in China sold nearly 5.2% stake. A group of shareholders raised nearly HKD855. 4 million or USD110 million from the sale of 5.
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Original Joe's Franchise Group Inc and its parent company Franworks Franchise Corp received an expanded senior credit facility from GE Capital's Canadian Franchise Finance business.
The consolidation of Anheuser-Busch InBev and SABMiller was a natural progression when there were only a few markets to tap, said industry analysts.
The construction of a fire escape led to the fire at Yuengling Brewery's Tampa, Florida plant. The fire that razed the storage building of Yuengling Brewery in Tampa, Florida was caused by the construction of a fire escape.
Yuengling Brewery would resume operations on Monday after Saturday's fire. The fire that hit Yuengling Brewery in its facility in Tampa, Florida would not affect the company's operations.
Independent grocers and convenience store operators see a mega-merger as big industry threat. Independent grocers in Canada feared they would go out of business with the upcoming merger of Loblaw Cos Ltd and Shoppers Drug Mart Corp.
Far East Orchard said it was thinking of listing a real estate investment trust to focus on the hospitality market in Australia.
Canada-based Saputo's bid of USD 432 million had so far bested all other offers for Warrnambool Cheese & Butter Factory Co.
The procedures for the Nov 19 auction had been approved by a bankruptcy court. US supermarket chain Fresh and Easy Neighborhood Market Inc won approval in court of its scheduled Nov.
Reser's Fine Foods issued a recall of 109,000 refrigerated products for Listeria monocytogenes contamination.
