GFM Network News


Kellogg explores sale of cookie, fruit snack businesses

Reuters — Kellogg Co. said Monday it would reorganize its North American division and explore a sale of its cookies and fruit snacks units, which include brands such as Keebler and Stretch Island, as it sharpens focus on its core businesses. Like other packaged food makers, Kellogg has struggled to boost sales as consumers shift […] Read more

Maduro rebukes Kellogg for leaving Venezuela

Caracas/Valencia | Reuters — Venezuelan President Nicolas Maduro blasted U.S.-based cereal maker Kellogg Co. on Tuesday for pulling out of the country due to the economic crisis and vowed to hand over the company’s factory to workers. At a campaign rally ahead of Sunday’s presidential election, which Maduro is expected to win, the president called […] Read more


Amazon to cut Whole Foods prices amid intense grocery turf war

Reuters — Amazon.com said Thursday it will cut prices on a range of popular goods as it completes its acquisition of Whole Foods Market, sending shares of rival grocers tumbling over fears of even more brutal market share battles. Amazon’s $13.7 billion purchase of Whole Foods, which won antitrust approval from U.S. regulators on Wednesday, […] Read more

Kellogg’s sales miss analysts’ estimates

Reuters — Kellogg Co.’s quarterly sales dropped 6.6 per cent, missing analysts’ estimates, as demand slid further for its breakfast foods and snacks, which include Corn Flakes and Froot Loops. Kellogg also said a strong dollar was expected to hurt sales this year more than it had anticipated, mainly due to a sharp fall in […] Read more


ConAgra, Kellogg, Mars to label for GMOs in U.S.

Reuters — ConAgra Foods has joined other food giants in plans to use labels that disclose the presence of genetically modified organisms or GMOs in its food throughout the U.S. ConAgra and other food companies such as Campbell Soup and General Mills have decided to use such labels nationwide, finding it to be the easiest way […] Read more