"As it reported a 77 percent drop in quarterly profit, [Starbucks] on Wednesday also said it will adjust its pricing in some markets, raising prices of some of the more complicated drinks, while lowering those on basic drinks. For example, Starbucks will offer a 'grande' size iced coffee for less than $2, shaving as much as 45 cents off the price, depending on the market." [Wall Street Journal]...
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AdAge: "After its package redesign, sales of the Tropicana Pure Premium line plummeted 20 percent between January 1 and February 22, costing the brand tens of millions of dollars." Earlier: Tropicana, Pepsi Overhaul Packaging...
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Mrs. Fields Famous Brands, which licenses and franchises about 1,200 Mrs. Fields Cookies and TCBY frozen yogurt branches worldwide, announced last Friday it will file for Chapter 11 bankruptcy protection. Since January of 2007, Mrs. Fields has been hurting, selling assets and initiating several rounds of layoffs....
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Well, it's official. Now when your beer snob friends sneer at you for drinking a Bud, you can tell them it's a Belgian beer. Anheuser-Busch took the $52 billion takeover offer from Belgian brewer InBev....
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Legendary New York City cheesemonger Murray's has just signed a deal with Kroger in which it will help expand the grocery chain's specialty cheese selections. From the press release announcing the pact: "We're thrilled to be pairing with Kroger," says Rob Kaufelt, President of Murray's Cheese. "As one of the nation's largest retail grocery chains, this opportunity gives Murray's an unprecedented chance to fulfill our mission, which is, simply, to bring great cheese to everyone." "Our partnership with Murray's allows us to build on their expertise as we expand our cheese offerings for our customers," said Jeff Burt, Vice President of Deli Bakery Merchandising for Kroger. The Kroger Co. operates in 31 states, either as Kroger's or as one of...
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