News on Food Trends from Northern America

November 13, 2007

Foley-Led Group Decides not to submit bid for Wendy's

A group led by William Foley, chairman of Fidelity National Financial Inc., has decided not to submit a bid for Wendy's International Inc., according to a person familiar with the situation.Bids for the hamburger chain were due at 5 p.m. Eastern time y...
November 13, 2007

McDonald's to sell more restaurants to franchisees

McDonald's Corp , the world's largest fast-food chain, said on Tuesday it would sell up to 21 percent of its company-owned restaurants to franchisees over the next three years. The announcement comes as McDonald's has been working to reduce its restaur...
November 13, 2007

McDonald's vendera mas restaurantes a franquicias

McDonald's Corp, la mayor cadena de comida rápida del mundo, anunció el martes que planea vender a franquicias hasta un 21 por ciento de sus restaurantes durante los próximos tres años o más.
November 13, 2007

Nelson Peltz places bid for Wendy's

Billionaire investor Nelson Peltz submitted an offer to buy Wendy's International Inc., but the proposed price is below what he previously said the third-largest U.S. hamburger chain is worth, according to a regulatory filing Tuesday. The filing did n...
November 10, 2007

Are french fries in the US QSR chains now trans fat free?

The check. For each of the chains, we bought and analyzed fries from five to nine restaurants in five states.CR's take. In our sampling, Wendy's still missed its mark. So did Burger King. McDonald's fries claim a high 8 g for most locations and 0 g fo...
November 10, 2007

New Ice begins manufacturing of potato starch based compostable container

New Ice yesterday announced that it would begin manufacturing a new class potato-starch based compostable containers for dry, damp or wet foods.The announcement yesterday follows grants of patents for the process in the US and Europe. The patents discl...
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November 10, 2007

McDonald's same-store sales jump in October

McDonald's Corp. said Thursday that comparable sales jumped by 6.9% during October, fueled by strong growth in Asia-Pacific, the Middle East and Africa.McDonald's also reported overall sales growth of 14.2% during the month. Again, Asia-Pacific, the Mi...
November 09, 2007

McDonald's, Pepsi not trying to make kids fat

When you think of childhood obesity, McDonald's and Pepsi want you to think of them -- but probably not in the way you think. Representatives from the fast-food and soft-drink conglomerates attended a international conference aimed at fighting childho...
November 09, 2007

Ganancia trimestral de Burger King sube 23% pero acciones caen

Burger King Holdings Inc. informó el lunes que las ganancias de su primer trimestre fiscal subieron 23%, pero el precio de las acciones de la segunda mayor cadena de restaurantes de hamburguesas del mundo bajaban más de 6% luego de que tres grandes acc...
November 08, 2007

Burger King Corp nombra presidente de la región de America Latina

Burger King Corp (NYSE: BKC) anunció el nombramiento de Armando Jacomino como presidente de la región de América Latina. Jacomino continuará con el creciente desarrollo de restaurantes de la Compañía en América Latina y el Caribe, incluida una mayor e...
November 07, 2007

US: 65 Percent of Fast Food Restaurants Report Increased Employment in Q4

While industries such as retail, manufacturing, and financial services have cut tens of thousands of jobs, the foodservice sector continues to beef up payrolls, with 65 percent of fast food restaurants reporting an increase in employment levels at bot...
November 07, 2007

George Morris Centre: [Canadian]Food Industry review and update, October 2007

Canadian Food Industry Financial review and Update (pdf document) 
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November 06, 2007

Burger King names Armando Jacomino president for Latin America

Burger King Corp on Tuesday named Armando Jacomino as president of the Latin America region, replacing Julio Ramirez, who was promoted to executive vice president, global operations.
November 06, 2007

ADM profits rise on higher selling prices

Archer Daniels Midland (ADM) today reported strong first quarter earnings, boosted by higher selling prices for its products, including sweeteners and starches.The agricultural and ingredients firm has posted net earnings for the quarter ended Septembe...
November 06, 2007

Burger King Holdings Plans 300-Unit Expansion

Burger King Holdings will show its first net restaurant gains in the US and Canada in six years in 2008, executives said at the company’s first quarter conference call. The company also says it plans an expansion of a net increase of 300 units worldwid...
PepsiCo Unveils New Organizational Structure, Names CEOs of Three Principal Operating Units
November 05, 2007

PepsiCo Unveils New Organizational Structure, Names CEOs of Three Principal Operating Units

PepsiCo announced today a strategic realignment of its organizational structure to position the company for continued strong growth and more fully leverage the talents of its senior leaders. "Given PepsiCo's robust growth in recent years, we are ...
 First quarter results Burger King Rise
November 05, 2007

Burger King Fiscal 1Q Profit Rises

Fast-food chain Burger King Corp. said Monday its fiscal first-quarter earnings rose 23 percent, beating Wall Street expectations, helped by "Simpsons"and "Transformers"marketing promotions and sales of the Tendercrisp and Spicy Ch...
November 05, 2007

Burger King shares down 6%

Burger King Holdings Inc. said Monday its first-quarter earnings rose 23 percent, but shares of the world's second largest hamburger chain fell more than 6 percent as three big shareholders disclosed plans to sell about a third of their holdings.

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