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Food
Lightning Round: of recalls, growth and mergers
By Frazer Jones
May 17, 2020
undefined mins
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A spot of bad news for Kraft Heinz this week: the conglomerate recalled 36,000 cases of Kraft Singles individually sliced American sliced cheese produ...
- A spot of bad news for Kraft Heinz this week: the conglomerate recalled 36,000 cases of Kraft Singles individually sliced American sliced cheese product after a defect in the packaging created a potential choking hazard for consumers. ~ Chicago Business Journal
- While activist investors are considering the possibilities of marrying Kraft Heinz to Mondelez International, Kraft Heinz is still settling into the groove of its own recently completed merge. ~ Wall Street Journal
- Other activist investors are considering other major food manufacturing businesses to target and prompt into improvements and growth. According to a recent report, some potential targets include Nestle SA, ConAgra Foods Inc., and Boulder Brands Inc. ~ Bloomberg Business
- Carl’s Jr. has been preparing its entry into India for months now, and the time has finally come: the first India Carl’s Jr. location opened in South New Delhi this past weekend, the most recent in several new franchising expansions into the country. ~ The Hindu Business Line
- Yum! Brands is also making moves in India this week, but in a different way. The company announced that it is splitting its India operations between two main franchise partners, Ravi Jaipuria-owned Devyani International and private equity fund Samara Capital. "Yum wants to operate its KFC and Pizza Hut franchisees through Devyani in the North and East and Samara in the South and West," a Yum! Brands executive told India’s Economic Times. ~ Economic Times
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