October 23, 2008 2:51 PM
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Food Roundup: New Wrigley President, Kraft Drops Coffee Prices, Ad Trouble for Nestle, and More
(MoneyWatch) New president for Wrigley -- Just two weeks after Mars purchased the company, Wrigley's President and CEO William Perez is on his way out. Effective immediately, Dushan "Duke" Petrovich will step in as president, but without the title of CEO. Mars offered no reasons for the replacement. [Source: Chicago Tribune]
Kraft drops coffee prices -- Maxwell House and Yuban will cost about ten cents less per pound, Kraft announced Wednesday, just days after a similar move by Folgers. The drops are due to lower prices for green coffee. This is the fourth round of price changes this year. [Source: Reuters]
Ad trouble for Nestle -- The UK's Advertising Standards Authority ruled that a Nestle noodles ad is misleading and inaccurate. The ad claims the noodles will make children stronger. According to Nestle, the ad was designed for media in Bangladesh and aired in the UK by mistake. [Source: The Independent]
Canada cheese processors challenge new regulations -- Kraft Canada, Parmalat Canada and Saputo are taking legal action against new limits on which milk solids can be used to make cheese. The regulations, set to take effect in December, would raise costs for cheese processors. [Source: FoodNavigatorUSA]
Kraft drops coffee prices -- Maxwell House and Yuban will cost about ten cents less per pound, Kraft announced Wednesday, just days after a similar move by Folgers. The drops are due to lower prices for green coffee. This is the fourth round of price changes this year. [Source: Reuters]
Ad trouble for Nestle -- The UK's Advertising Standards Authority ruled that a Nestle noodles ad is misleading and inaccurate. The ad claims the noodles will make children stronger. According to Nestle, the ad was designed for media in Bangladesh and aired in the UK by mistake. [Source: The Independent]
Canada cheese processors challenge new regulations -- Kraft Canada, Parmalat Canada and Saputo are taking legal action against new limits on which milk solids can be used to make cheese. The regulations, set to take effect in December, would raise costs for cheese processors. [Source: FoodNavigatorUSA]
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