Unilever enters Latin American tea and frozen food markets

Article Abstract:

Unilever, an Anglo-Dutch conglomerate, has purchased Frigosam of Chile, a tea company. Frigosam produces and markets black leaf tea and herbal tea, and had turnover of about $25 million in 1994. It has about 47% of the black leaf tea market with is Club and Silvestre brands. Unilever has also acquired the Goodmark brand of frozen burgers and vegetables from Frigorifico Rioplatense of Argentina.

Tea, Mergers, acquisitions and divestments, Tea industry, Tea (Plant), Unilever United States Inc., Frigosam

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Starbucks Q2 profits up 29%

Article Abstract:

Starbucks Corp. has revealed that it will soon diversify and begin a new Internet venture. The company already sells coffee on the Internet. What other products Starbucks may sell electronically has not yet been revealed.

United States, Strategy & planning, Telegraph & other communications, Eating places, Food Services and Drinking Places, Video Retailing Service, All Other Information Services, Planning, Online services, Internet services, Restaurant industry, Home shopping, Restaurants, Starbucks Corp., SBUX

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Dallmayr beats German coffee blues

Article Abstract:

Dallmayr, a German coffee maker, reports profits of DM709m for 1998. This is an increase of 20% over 1997. CEO Wolfgang Wille expects an increase of up to 3% in 1999.

Germany, Sales, profits & dividends, Forecasts, trends, outlooks, Finance, Dallmayr

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