Kraft Foods Plans to Split Into Two Companies -- Kraft Foods Inc. is splitting in two, putting its global snacks and North American grocery businesses in separate baskets. The surprise move, announced Thursday, comes after Kraft last year became the second largest global food company with its acquisition of Cadbury PLC.
Birkins for everyone!
Even Marked Up, Luxury Goods Fly Off Shelves -- Even with the economy in a funk and many Americans pulling back on spending, the rich are again buying designer clothing, luxury cars and about anything that catches their fancy. Luxury goods stores, which fared much worse than other retailers in the recession, are more than recovering -- they are zooming. Many high-end businesses are even able to mark up, rather than discount, items to attract customers who equate quality with price.
Supply Chain News: Survey Shows Procurement Organizations getting Some Relief from Deep Cost Cutting Focus to Adding Value --
The tepid economic recovery has progressed enough that procurement managers are starting to get some modest relief from the extreme pressure to reduce costs, enabling them to get more strategic and focus on adding value, a new survey from Europe's CPO Agenda finds. Whether that will withstand the latest economic headwinds that has many worried about double-dip recession in the US and Europe remains to be seen.
Clean food please.
China arrests 2,000 people in food safety crackdown -- China has arrested 2,000 people and shut down nearly 5,000 businesses in a clampdown on illegal food additives, after a series of food safety scares. The campaign was launched in April after scandals from glow-in-the-dark meat to buns injected with dye to make them look like a more expensive kind.
- Sheena Moore