Fortune Brands Inc., whose products range from tequila to golf clubs and faucets, will add more than 300 jobs in the next three years on new business for its MasterBrand Cabinets unit. Get the full story »
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Aug. 27, 2010 at 11:10 a.m.
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Filed under: Jobs/employment, Manufacturing, Sports, Stock activity Fortune Brands adds 300 jobs to cabinet business
Smoothies help boost McDonald’s July sales 5.7%
McDonald’s Corp.’s beverages, including its recently launched fruit smoothies and frappes, helped the burger giant record a 5.7 percent July sales improvement in U.S. restaurants open at least 13 months. Get the full story »
Kraft raises price on Maxwell House, other coffees
Kraft Foods raised the list price on select Maxwell House and Yuban ground and instant coffees in the United States, a spokeswoman said on Friday. The increases are 30 cents per lb equivalent on ground coffees and 2-1/2 cents per ounce on instant, said Bridget MacConnell, Kraft spokeswoman. Get the full story »
Price hiked on Dunkin’ Donuts, Folgers coffee
J.M. Smucker Co hiked the list price for most of its Folgers, Dunkin’ Donuts, Millstone and Folgers Gourmet Selections coffees sold in the U.S. retail market, effective immediately, the company said Tuesday.
Folgers is considered the trendsetter in coffee price changes and major U.S. roasters like Kraft, which owns Maxwell coffee, typically follow suit. Get the full story »
MillerCoors profit up 28% as sales declines ease
MillerCoors says its second-quarter net income rose 28 percent as it benefited from cost-cutting and a smaller decline in the amount of beer sold.
The U.S. brewer of Molson Coors and SABMiller brands says revenue edged down less than 1 percent to $2.13 billion. The company’s sales to retailers fell 2.4 percent. The declined eased from the first quarter, when the figure fell 4 percent.
McDonald’s cancels free smoothie samples
McDonald’s Corp. has cancelled an in-store free sampling of fruit smoothies that had been scheduled for next week following worries the event’s popularity would cause the fast-food chain to run out of the product.
“The McCafe Real Fruit Smoothies are an absolute hit with our customers and we’re experiencing unprecedented demand for this delicious new choice on our menu,” the Oak Brook-based company said in a statement to the Tribune today. Get the full story »
Starbucks to test cup recycling in Chicago
Starbucks is finding new ways to use the 3 billion paper cups its customers use each year, even in cities where recycling is not popular or mandated. This fall, it will send cups used at its Chicago stores to Green Bay, where a Georgia Pacific paper mill will turn them into Starbucks napkins. Get the full story »
It’s official: Pabst Blue Ribbon acquired by tycoon
Pabst Blue Ribbon, the no-frills beer that was lately embraced by thrifty young urbanites, has been acquired by a Connecticut tycoon known for reinvigorating food brands.
Investor C. Dean Metropoulos closed a deal to buy Pabst Brewing Co Friday for an undisclosed sum from the California-based charitable organization that owned it, said Lou Giraudo, who was chairman of the board of Pabst prior to the sale.
Giraudo declined to discuss price other than to say that previously published figures of about $250 million were incorrect. Metropoulos was not immediately available for comment. Get the full story »
Starbucks testing wine, beer, meals, new colors
In this photo from April 27, 2010, customers visit a redesigned New York Starbucks located in the SoHo neighborhood. Starbucks plans to redesign some stores by combining separate elements from nearly a dozen locations around the globe. (AP Photo/Bebeto Matthews, File)
Starbucks’ “Olive Way” laboratory store near Seattle will be the coffee chain’s biggest percolator yet for ideas that the world’s largest coffee company has been testing separately at nearly a dozen locations around the globe. And what succeeds at Olive Way will most likely be spread to other Starbucks stores around the country.
With muted, earthy colors, an indoor-outdoor fireplace, cushy chairs, and a menu with wine from the Pacific Northwest’s vineyards and beer from local craft brewers, this 2,500-square-foot shop in the Capitol Hill neighborhood will reopen in the fall with espresso machines in the middle.
“It’s going to feel very different,” said Kris Engskov, Starbucks’ regional vice president.
