Kraft Heinz names new CEO, as Bernardo Hees steps down
Miguel Patricio’s appointment comes two months after the company took a $15bn write-down on two of its biggest brands, Kraft and Oscar Meyer.
Archives for April 23, 2019
AIPIA Summit Americas
Smart packaging to grow 11% annually reaching $39.7bn by 2020
Smart packaging and connected packaging is on the radar of senior executives and is attracting significant investment across the value chain, according to Deloitte.
Grupo-Bimbo’s ‘No Nonsense’ line cuts artificial ingredients from whole grain breads
The Mexican bakery giant has refined the recipes of its Arnold, Brownberry and Oroweat bread brands to shrink ingredient lists – a move it said satisfies consumer demand.
Controversial announcement: Brazil open doors to duty-free wheat imports
Brazil has agreed to import up to 750,000 metric tons of US wheat annually, without the usual duties it pays for wheat grown outside the Mercosur countries, a move that has disappointed Argentina.
News in brief
Cacique acquires El Sol expanding its salsa portfolio
Cacique, Mexican-style cheeses, cremas and chorizos in the US, has acquired El Sol Foods, which makes home-style salsas in Gilbert, Arizona.
Snacks category outpaces F&B ‘yet again’: IRI
The ‘snack evolution’ will continue for the foreseeable future as half of consumers are snacking at least three times a day, according to IRI’s Sally Lyons Wyatt.