Industry News
Starbucks
will expand franchising efforts for Seattle's Best Coffee that will
increase distribution to more than 30,000 venues by the end of
its fiscal year from 3,000 points earlier this year. AMC Theatres
will also begin serving Seattle's Best Coffee in July at nearly 300
locations while almost 70 will serve espresso-based beverages. The
chain will also debut a new logo.
Full Story Eventually, the brand will also be sold in convenience
stores, drive-through kiosks, coffee carts, vending machines and mobile
trucks. David Palmer, an analyst who follows Starbucks for UBS
Securities, believes the strategy makes sense, as no national coffee
brand can be found across the U.S. convenience-store industry, reported
The Wall Street Journal. Full
Story (WSJ Subscription Required)
Kraft
Foods Inc. introduced more than 30 new products, many of them
brand extensions, at the FMI show. New products include Back to Nature
Gluten Free Rice Thin Crackers with 23 grams of whole grain per serving
and what the company claims is the first flavor changing gum, Stride
Shift.
Full
Story
View
Today! The May 12 edition of
New
Products Hits and Misses with
Phil Lempert
profiles items including Healthy Choice Creamy Basil
Pesto, M&M's Coconut and Glacia Ice Box Pure Arctic
Spring Water. Five new products are evaluated each week.
Click
here to view.
Kids
ages two to 17 ate more refrigerated yogurt as a snack-oriented food
in 2009 than they did in 2008, but fresh fruit remained the top
snack food consumed by this age group, according to the NPD Group.
Potato chips, fresh fruit, string cheese and prepackaged cheese cubes
or shapes and hard candy also experienced growth in 2009 versus 2008
as snack foods eaten between, with or instead of meals. Full
Story
The
Daily Update is a substantially abbreviated version of Today In
Food. You can get a subscription to Today In Food, which usually
has over 30 news items each day, as well as access to the archives
for just $49.95 per year. Click
here to sign up.
 With
Aldi and Save-A-Lot expanding aggressively, and Whole Foods regaining
vitality, is there any room in the middle for traditional supermarkets
which attempt to meet mass market needs?
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Green
Mountain Coffee Roasters, Inc.'s tender offer for all outstanding
shares of Diedrich Coffee common stock resulted in the tendering
of approximately 5,446,334 shares representing about 95% of the
outstanding shares as of the tender offer's expiration date on May
10. Full
Story New!
A recording of the Food Institute webinar A Look at Merger
& Acquisition Activity, Past, Present and Future is now available!
The webinar reviewed recent M & A activity and discussed what
makes certain companies appealing to sell or buy. To purchase a recording,
click
here.
Hershey
is set to expand its Palmyra, PA-based distribution center and
co-pack facility in June. The $28 million project is in the final
design phase. Full
Story
Latest
sales & earnings for food related companies (Updated Daily
- FI Membership Required)
Food Institute News
Purchase
Now! The two-part Listeria Control and Regulation
webinar, presented by the Food Institute and Olsson Frank Weeda Terman
Bode Matz PC, is now available for purchase. Topics addressed
include root cause analysis and corrective preventive measures when
Lm is discovered and how to respond to the government when an agency
requests a recall or threatens enforcement actions as a result of
Lm positives. Click
here to purchase or for more information.
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Furmano Foods
Nestled
in the fertile Susquehanna River Valley of Central Pennsylvania,
Furmano Foods is a fourth generation family owned and operated
tomato and vegetable canning company in business since 1921.
Furmano services retail, foodservice and international markets
with its product line of tomato products, canned dry beans,
snap beans and bean salads and canned peppers. "Great taste
is a family tradition."
To
learn more about this Food Institute member visit: www.furmanos.com.
Interested
in seeing your company featured here? Email
us for more details.
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* Members only
International News
Sobeys Inc. introduced
a new format, FreshCo, which will focus on fresh foods, while
catering to budget-conscious multicultural customers. Sobeys is launching
the new concept in eight of its former Price Chopper stores beginning
May 12. The chain plans to rapidly expand FreshCo, converting more
of its 87 Price Choppers to the new format and adding new outlets,
reported The Globe and Mail. Full
Story (Free Registration Required),
Full Release
Health News
There is a lack of consistent information about the prevalence,
diagnosis and treatment of food allergies, according to researchers
who reviewed data from 72 studies. The review authors found that food
allergies affect between 1% and 10% of the U.S. population, but it
is not clear whether the prevalence of food allergies is increasing,
reported HealthDay. Full
Story
Washington News
First Lady Michelle Obama and members of the Childhood Obesity
Task Force unveiled the Task Force action plan: Solving the
Problem of Childhood Obesity Within a Generation. The plan seeks
to return the childhood obesity rate to 5% by 2030. The report presents
a series of 70 specific recommendations, including providing healthy
food in schools through improvements in federally-supported school
lunches and breakfasts and improving access to healthy, affordable
food by eliminating "food deserts" in urban and rural America.
Full
Story, Full
Report
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A recording of
the Food Institute webinar
Implementing An E.coli Control Policy is now
available! A panel of experts discussed how to prevent
and control E. coli outbreaks; how to keep your records
in order to avoid shouldering the blame for mishandling
foodstuff; and how to deal with a positive finding should
it occur. To purchase a recording, click
here.
|
|
The Los Angeles attorney's office filed 14 counts of false and
misleading advertising against Ralphs and Kroger Co., reported
The Associated Press. Full
Story
Market News
Onion farmers found unusually strong demand for their crops
as harvest begins in the Imperial Valley. Rain and other weather problems
damaged onions grown in Texas. Most of the onions now available come
from storage. Observers claim prices will remain high until onion
supplies catch up with demand, reported California Farm Bureau.
