Food Business News - November 19, 2013 - (Page 1)

November 19, 2013 FOODBUSINESS NEWS NEWS, MARKETS AND ANALYSIS FOR THE FOOD PROCESSING INDUSTRY Nestle sells portions of Jenny Craig business VEVEY, SWITZERLAND - Amid swirling speculation over Nestle S.A.'s plans to divest weaker brands, the company has sold its Jenny Craig weight management business in North America and Oceania to North Castle Partners L.L.C., a Greenwich, Conn.-based private equity firm. Nestle's Jenny Craig business in France is not part of the transaction. Financial terms of the acquisition were not disclosed. Jenny Craig, founded in 1983, has been part of Nestle Nutrition since 2006, but the brand has struggled in recent years, the company said. "We do not disclose profit by businesses, but I will tell you that the Jenny Craig Continued on Page 12 Kraft faces barbell burden What's brewing in coffee? rom multi-serve cartons to singleserve bottles, the ready-to-drink (R.-T.-D.), chilled coffee-milk sector is heating up in the global marketplace. Led by Starbucks Coffee Co., Seattle, which offers a diverse ranges of selections, all types of beverage manufacturers are getting involved in the chilled coffee category. Lu Ann Williams, director of innovation for Innova Market Insights, Duiven, The Netherlands, believes R.-T.-D. coffee is poised for significant growth, particularly the premium, chilled, singleserve varieties. "The rise of R.-T.-D. milky coffee drinks Continued on Page 30 Story on Page 22 F Bioengineered labeling advocates suffering another setback hile results from the Washington state election of Nov. 5 won't be certified until Nov. 26, it seemed certain that Initiative 522, which would have required the labeling of bioengineered food sold at retail in the state, will go down to defeat. As of Nov. 12, the Washington W secretary of state's tally for the initiative was 854,330 opposed (51.75% of the ballots counted) to 796,640 in favor (48.25%). The margin has narrowed since election night. The initial tally after the polls closed on Nov. 5 indicated 55% of Washington voters rejected the measure compared with 45% in favor. Initiative 522 (I-522) proponents have yet to concede defeat, but most observers expected the indicated rejection of the measure will stand. It would be the second major setback dealt to labeling advocates at the polls in the past several months. Last year, California voters narrowly defeated a similar initiative. Under I-522, as of July 1, 2015, any food produced using "genetic engineering" that was not labeled as required in the measure Continued on Page 20 ®

Table of Contents for the Digital Edition of Food Business News - November 19, 2013

Food Business News - November 19, 2013
Nestle sells portions of Jenny Craig business
What’s brewing in coffee?
Bioengineered labeling advocates suffering another setback
Table of Contents
Web Contents
Editorial - Insights may be gained by studying Africa’s food industry
Two recalls issued on Listeria concerns linked to R.-T.-E. products and salad kits
ConAgra to cut jobs at popcorn snacks plant
Nestle to reduce salt across global portfolio
Starbucks to pay Mondelez $2.7 billion in coffee dispute
Whole Foods caps record year with cautious outlook
Annie’s building snacks business
Nestle opens Silicon Valley office
WhiteWave Foods sees greater promise in Horizon brand
Analyst sees Smucker as promising but pricey
Pretzel products, churros drive earnings gain at J&J Snack Foods
Dean Foods starting to streamline brand presence nationally
Wendy’s unveils next big premium offering
Monster Beverage proposes energy drink marketing guidelines
PepsiCo increasing investment in India
Chiquita shaking up salad category
Boulder Brands fund invests in raw juice processor
Market Insight - Corn, soybean picture comes into focus
Company Profile - Kraft faces barbell burden
Vernon picks six
Ingredient Innovations - Potassium's multiple positives
New Food Products
Ingredient Market Trends - Value of U.S. ag exports set new record in fiscal 2013
Ingredient Markets
Supplier Innovations and News
Ad Index
Food Business in the News

Food Business News - November 19, 2013