FoodBizDaily.com Food and Beverage Business News

Newswire: Unilever sees tough year as markets slow

FoodBizDaily — Thu, 02 Feb 2012 16:58:46 GMT

Source: Reuters

February 02 2012 --- Consumer goods group Unilever said 2012 will be a difficult year as growth in emerging markets, which accounts for more than half its business, slows and demand in Europe and North America stays flat at best.

The gloomy outlook sent shares in the Anglo-Dutch group sharply lower early on Thursday after it broadly matched 2011 sales growth and profit margin forecasts.

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Brand News: New Yoplait® Lactose Free Yogurt Debuts During Lactose Intolerance Awareness Month

FoodBizDaily — Thu, 02 Feb 2012 16:47:08 GMT

Source: General Mills

Yoplait encourages millions of Americans with lactose intolerance to say “yes” to dairy

February 02 2012 ---Yoplait® is encouraging people with lactose intolerance to say “yes” to dairy during Lactose Intolerance Awareness Month this February with its newest yogurt, Yoplait Lactose Free. Ninety-nine percent fat free and packed with 50 percent of the Daily Value of calcium and vitamin D, Yoplait Lactose Free offers a delicious, healthful dairy option for the millions of Americans with lactose intolerance.

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Brand News: Berkeley Coffee Enters into Agreement to Acquire DTS8 Coffee

FoodBizDaily — Thu, 02 Feb 2012 15:52:54 GMT

Source: Berkeley Coffee & Tea, Inc

February 02 2012 --- Berkeley Coffee & Tea, Inc. announced today that pursuant to a Purchase and Sale Agreement (the “Agreement”) dated January 31, 2012, Berkeley Coffee & Tea, Inc. (“Berkeley”) will acquire 100% of the issued and outstanding capital stock of DTS8 Holdings Co., Ltd. (“DTS8 Holdings”), a Hong Kong company which owns 100% of DTS8 Coffee (Shanghai) Co., Ltd., a wholly owned foreign subsidiary entity corporation in China, by issuing $4,000,000 worth of bonds payable in favor of the owner of DTS8 Holdings. The bonds are payable at the end of 60 calendar months from closing date or earlier on a mutually agreed date, and bear interest at the rate of three percent (3%) per annum. Interest on the bonds will be calculated, accrued and paid annually.

The closing of the acquisition will occur no later than April 30, 2012, or earlier pending receipt of the audited financial statements of DTS8 Holdings. There are material relationships by and among the parties to the Agreement: Sean Tan owns 100% of the issued and outstanding capital stock of DTS8 Holdings, and is the Chief Executive Officer of both Berkeley and DTS8 Coffee (Shanghai) Co. Ltd. Berkeley commissioned a third party independent appraisal of DTS8 Holdings.

The acquisition of DTS8 Holdings will provide Berkeley with immediate access into the domestic Chinese coffee market and will create a horizontally integrated coffee company in Shanghai, China, with operations in two different geographic markets: the United States and China. While Berkeley will continue to market and distribute raw green coffee beans from Yunnan, China into the United States, DTS8 Holdings will operate a roasting and wholesale coffee business in Shanghai, China. The synergistic value from the transaction will provide Berkeley with revenue enhancement by expanding its product line as the company enters the Shanghai, China, roasted coffee market.

DTS8 Coffee (Shanghai) Co., Ltd., a subsidiary of DTS8 Holdings Co., Ltd., is a roaster and wholesaler of the “DTS8 Premium Selection Coffee,” “San Francisco Premium Selection” and “Single Origin Premium Selection” brands of roasted coffee in Shanghai, China. These coffees are roasted in Shanghai, China. For further information about these coffee products, visit the DTS8 website at www.dts8coffee.com.

Berkeley Coffee & Tea, Inc. is in the business of marketing and distributing raw green coffee beans from Yunnan, China into the United States. For further information about its coffee products, visit Berkeley’s website at www.berkeleycoffeetea.com.

Brand News: Vita Coco invests in beverage start-up Coco Café

FoodBizDaily — Thu, 02 Feb 2012 15:43:55 GMT

Source: Vita Coco

Best selling coconut water company takes stake in new coconut water coffee drink: Coco Café

February 02 2012 --- Vita Coco, the nation's largest coconut water brand, has made an investment in a California-based beverage start-up called Coco Café, which produces a ready-to-drink beverage of fresh coconut water and organic, fair-trade espresso with milk. The announcement was confirmed today by Vita Coco co-founder and ceo Michael Kirban.

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Brand News: The Simply Orange Juice Company presents new Simply Cranberry™ Cocktail and Simply Lemonade® with Mango

FoodBizDaily — Mon, 30 Jan 2012 19:56:39 GMT

Source: Simply Beverages

New Simply Cranberry™ Cocktail and Simply Lemonade® with Mango Offer Deliciously Sweet Tastes to Share With Family and Friends

January 30 2012 --- The Simply Orange Juice Company has proven that it knows how to put the squeeze on fruit to deliver fresh taste. So what happens when cranberries and mangoes are the latest to get the squeeze? Starting this week, people can find out for themselves as the all-natural, premium tastes of Simply Cranberry™ Cocktail and Simply Lemonade® with Mango hit store shelves nationwide.

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