USA – Proposed changes to which foods can be labeled “healthy” by the US Food and Drug Administration (FDA) have received strong opposition from major industry players General Mills, Kellogg, and Post Holdings. The FDA recommendations propose that the “healthy” claim be reserved for “nutrient-dense foods” that contain a certain percentage of fruit, vegetables, grains, dairy or protein. The proposals…
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General Mills bets on “Connected Commerce” to deliver double-digit growth in 2023
USA – General mills has raised its full-year guidance for 2023 based on continued strong in-market performance driven by a technology-centric connected commerce strategy. The American multinational manufacturer and marketer of branded processed consumer foods now forecast an organic net sales growth of about 10% from 8-9%. General Mills also said it expects adjusted earnings per share growth of 7%…
Read MoreGeneral Mills divests natural tortilla snacks company “Food Should Taste Good” 10 years after its acquisition
USA – General Mills has divested natural tortilla snacks company “Food Should Taste Good” to Real Food from the Ground Up for undisclosed sum. Founded in 2006 by Peter Lescoe, Minnesota-based Food Should Taste Good makes natural tortilla chips from corn, multi-grains, and black bean chips in a variety of flavors. The company also carries non-GMO credentials, producing plant-based snacks…
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