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USA - Campbell Soup has agreed to sell its organic beverages, dressings and carrots brand Bolthouse Farms to a private equity firm Butterfly Equity for US$510 million. The deal, subject to customary purchase price adjustments is expected to complete by the end of 2019. This is part of the continued portfolio review announced in August…
USA – Campbell Soup has announced that it has reached a definitive agreement to sell its branded refrigerated salsa brand, Garden Fresh Gourmet to an affiliate of Fountain of Health USA for an undisclosed sum. This is part of the company’s plan to divest both its Campbell Fresh and Campbell International businesses to turn the…
USA – Campbell Soup and activist investor Dan Loeb’s Third Point have announced that they have reached an agreement that will give the hedge fund two seats on the company’s board and a role in the company’s search for a new chief executive. This will see Campbell increase its Board from 12 to 14 members…
USA – Campbell Soup reported US$2.69 million in net sales, a 25% increase in the first quarter ended Oct. 28, highlighting the benefit from the acquisitions of Snyder’s-Lance Inc. and Pacific Foods of Oregon. Net earnings were down 29% at US$194 million, from US$275 million, in the previous year’s first quarter while organic sales declined…
USA – The American producer of canned soups Campbell’s has announced the launch of a new range of on-the-go, convenient soups, Well Yes! in the United States targeting health trend among consumers. The new products are available in convenient grab-and-go packaging, in five delicious flavours to provide healthier snack options for especially consumers with busy…
USA - Campbell Soup Company, an American producer of canned soups and related products, has announced the appointment of Craig Slavtcheff, 51, as Vice President and Head of Research and Development (R&D). According to the company, Slavtcheff will lead Campbell’s entire R&D organization, including strategy, innovation and product development for the company’s divisions, as well…
USA - Campbell Soup Company, has announced significant actions to sell its international fresh food businesses to focus and improve the company’s portfolio, and that the proceeds will be used to significantly reduce debt. According to the company, it is selling its non-core businesses as part of its Board-led strategy and portfolio review to improve…
USA - US soup maker Campbell Soup has announced that its CEO Denise Morrison abruptly decided to step down effective today and she has been replaced by Keith McLoughlin, who joined the company's board in 2016, as CEO on an interim basis. In a statement Campbell Soup, maker of V8, Pepperidge Farm, Pop Secret and…
USA - Campbell Soup has announced a strategic reorganization to capitalize on the rapidly changing food industry landscape while aligning the business to the company’s strategies. According to the company, the new structure reorganizes its core business operations -including its important soup, simple meals and shelf-stable beverages portfolios and its powerful snacks portfolio -under the…
USA - Campbell Soup Company has announced a 7% drop in sales in its second quarter with low sales blamed for the dispute between the company and a key customer Walmart. Organic sales decreased 2% with a drop in Campbell’s shares due to a decrease in demand for Campbell soups. “This was a disappointing quarter,…