Blackstone Group (BX) and Chinese food company Bright Food Group plan to bid for GNC Holdings, Bloomberg News reported.
The purchase of vitamin and nutrition-supplement retail chain GNC could be announced as soon this month, Bloomberg News said witho…
PepsiCo (PEP) will buy a 66% stake in Russian food and beverage company Wimm-Bill-Dann Foods for $3.8 billion.
The deal will make Pepsi the largest food and beverage company in Russia, the company said in a statement. It will also boost annual global…
Weight Watchers International (WTW) unveiled the successor to its iconic calorie-counting Points program. The new PointsPlus program will not only identify the number of calories in a foodstuff but also favor food that the body works harder to convert …
Hormel Foods Corp. (HRL) reported earnings of 90 cents per share for the final quarter of fiscal 2010, compared with 77 cents per share a year earlier.
Sales rose 23% from a year earlier to $2.1 billion, the company said in a statement.
“We hit the…
Tyson Foods (TSN) reported earnings of 57 cents per share for the fourth quarter of fiscal 2010, compared with a loss of $1.23 per share a year earlier.
The company reported goodwill impairment charges of 7 cents per share in the quarter, up from $1….