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…
Starbucks said Wednesday that it plans to grow its worldwide sales by expanding its 220 stores in mainland China to “at least” 1,500 by 2015. The world’s largest coffee chain also is planning to add stores in Brazil, Russia and…
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…