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Consumables

  • Mondelez to introduce new Véa brand this year
    BOCA RATON, Fla. — Mondelēz International is looking to launch a new “power brand,” aimed at driving incremental growth, the company announced Tuesday at the Consumer Analyst Group of New York Conference.
     
    “Well-being is a significant growth opportunity for us, both in developed and emerging markets,” Mondelēz International chief growth officer Tim Cofe said. “In fact, 2017 will be our biggest year ever in the well-being space with unprecedented innovation and renovation of our portfolio.”

  • Unilever to conduct review of strategic options

    LONDON — Following word Kraft Heinz would no longer pursue an acquisition of the company, Unilever announced Wednesday it will conduct a comprehensive review of options available to “accelerate delivery of value for the benefit of our shareholders.”

    “The events of the last week have highlighted the need to capture more quickly the value we see in Unilever,” Unilever said in a statement. “We expect the review to be completed by early April, after which we will communicate further.”

  • CVS removes artificial trans fats from all exclusive store brands food products

    WOONSOCKET, R.I. — CVS Pharmacy removed partially hydrogenated oils, the artificial trans fats in processed foods, from all excusive store brands food products. CVS is the first national retail pharmacy to make this move, according to the company.

    CVS now offers more than 600 exclusive snack and grocery options that are free from artificial trans fats. Trans fats are purportedly linked to rising rates of heart disease in the United States.

  • Kraft Heinz pulls plug on Unilever deal

    PITTSBURGH — Kraft Heinz has called off its $143 billion proposed merger with Unilever.

    “Unilever and Kraft Heinz hereby announce that Kraft Heinz has amicably agreed to withdraw its proposal for a combination of the two companies,” the companies said in a joint statement. “Unilever and Kraft Heinz hold each other in high regard. Kraft Heinz has the utmost respect for the culture, strategy and leadership of Unilever.”

  • Kraft Heinz proposes $143B merger with Unilever

    PITTSBURGH — Kraft Heinz proposed a $143 billion merger with Unilever, but Unilever rejected the bid, stating it undervalues its company.

    "Unilever rejected the proposal as it sees no merit, either financial or strategic, for Unilever's shareholders. Unilever does not see the basis for any further discussions,” the company said in a statement.

    Although Unilever rejected the initial proposal, this may not be Kraft Heinz’s only merger proposal.

  • Southeastern Grocers launches private-label transformation
    JACKSONVILLE, Fla. — Southeastern Grocers, which operates the Bi-Lo, Fresco y Más, Harveys and Winn-Dixie banners, announced Thursday that it will be transforming its private label brand in its largest-ever undertaking, which will encompass some 3,000 items across categories throughout each banner. 
     

  • Mondelez unveils Teddy Soft Bakes
    EAST HANOVER, N.J. — Mondelēz International on Thursday rolled out its new treat that joins Teddy Grahams in the Teddy brand portfolio. The snack, already known around the world as Barni, will hit the U.S. as Teddy Soft Bakes. 
     
    Teddy Soft Bakes are a fluffy, soft-baked filled snack in the shape of a bear that comes in two varieties, chocolate filling and vanilla-flavored filling. 
     

  • Four Loko unveils first Bold Series varieties as brand grows segment share
    CHICAGO — Phusion Projects, maker of the Four Loko brand of malt beverages, announced Wednesday the first of the product innovations that it has scheduled for this year with the launch of its Four Loko Bold Series. The announcement also comes as the company marks a robust sales year. 
     
    Four Loko Bold Series’s first two additions are Four Loko Frost and Four Loko Blaze. 
     
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