Nonalcoholic Beverages Industry News

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Nonalcoholic Beverages Industry News

Dean Foods Company Chairman and CEO Completes Previously Disclosed Forward Sale Agreement (5:27:00pm Mon Nov. 23, 2009 CDT)

DALLAS, Nov. 23 /PRNewswire-FirstCall/ -- Dean Foods Company (NYSE: DF) today announced that the previously disclosed variable prepaid forward sale contract entered into between Gregg Engles, Chairman and CEO and an unaffiliated third party on November 21, 2008 has partially settled. The contract obligates Engles to deliver up to 950,000 shares of Dean Foods common stock over a four day settlement cycle running from November 19, through November 24, 2009. Engles initially pledged 950,000 shares of Dean Foods common stock to secure his obligations under the contract, but retained ownership rights in those shares. Based on the closing prices through November 23, 2009, Engles expects to retain approximately 127,000 shares of common stock pledged, and deliver the balance, or approximately 823,000 shares of common stock, to the purchaser in settlement of his contractual obligations. In exchange for assuming this obligation, Engles received a cash payment of $11,138,568 in November, 2008. Pledged shares in excess of the aggregate number delivered will be released from any obligation to the purchaser and returned to Engles. ...

Quiznos and Franchisees Reach Settlement of Multiple Class Action Lawsuits (4:39:00pm Mon Nov. 23, 2009 CDT)

CHICAGO, Nov. 23 /PRNewswire/ -- U.S. District Court Judge Rebecca Pallmeyer has preliminarily approved a settlement of four franchisee class action lawsuits filed against the Quiznos Franchise Company and others. The cases in Colorado, Wisconsin and Illinois, the earliest of which has been pending since 2006, allege violations of various state and federal laws in connection with the sale and operation of Quiznos franchises. Quiznos denied all claims, and the settlement agreement involves no finding or admission of liability. ...

Tastes of New Zealand Take Center Stage on Crystal Sailing (3:35:00pm Mon Nov. 23, 2009 CDT)

LOS ANGELES, Nov. 23 /PRNewswire/ -- For foodies, New Zealand is a veritable playground, renowned for its award-winning wines and farm-fresh cuisine. ...

Pennsylvania Agriculture Department Encourages Proper Food Handling, Offers Safety Tips for Thanksgiving (3:10:00pm Mon Nov. 23, 2009 CDT)

Acting Secretary Encourages Use of PA Preferred Products in Holiday Meals ...

Webcast Alert: Flowers Foods' 'Meet the Management Team' at the New York Stock Exchange (2:00:00pm Mon Nov. 23, 2009 CDT)

THOMASVILLE, Ga., Nov. 23 /PRNewswire-FirstCall/ -- Flowers Foods (NYSE: FLO) will webcast its "Meet the Management Team" presentation from the New York Stock Exchange at 12:15 p.m. (Eastern) on Tuesday, December 1, 2009. Discussions will focus on the company's operating strategies. ...

Crown Imports Hires Horizon Media as New Media Agency of Record (2:00:00pm Mon Nov. 23, 2009 CDT)

CHICAGO, Nov. 23 /PRNewswire/ -- Crown Imports announced that it has awarded Horizon Media all media planning and buying business across the company's entire portfolio, including Corona Extra and Modelo Especial. The business, which excludes out of home media, will be managed out of Horizon's Los Angeles office. ...

Romantik Guide 2010 With 16 New Destinations (1:00:00pm Mon Nov. 23, 2009 CDT)

FRANKFURT, Nov. 23 /PRNewswire/ -- 16 new destinations on the Romantik map - that means 16 hotels that are managed with innovative spirit and love for tradition. In Germany, Italy, France, the Netherlands, Austria and Switzerland there are new Romantik hoteliers, who together with their employees take care of their demanding guests with personality and authenticity and who have chosen the umbrella brand of Romantik Hotels & Restaurants very consciously for the future of their hotel. ...

Sports Supplements at Work: Olympic Speedskater Reutter Wins 17th Medal - Credits D-Ribose (12:19:00pm Mon Nov. 23, 2009 CDT)

CHICAGO, Nov. 23 /PRNewswire/ -- As the Olympic countdown clock approaches 80-days-to-go short track speedskater Katherine Reutter ('Roy-ter')(Champaign, IL) is firing on all cylinders and appears poised for a breakout performance in her upcoming Olympic debut in Vancouver. ...

Reportlinker Adds Fermentation Chemicals - A Global Market Report (12:14:00pm Mon Nov. 23, 2009 CDT)

NEW YORK, Nov. 23 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue. ...

Save-A-Lot Food Stores Celebrates American Diabetes Month (12:06:00pm Mon Nov. 23, 2009 CDT)

ST. LOUIS, Mo., Nov. 23 /PRNewswire/ -- Save-A-Lot food stores is helping change the future of diabetes by joining the American Diabetes Association® in their Stop Diabetes(SM) movement for 2010-2012. ...

Molson Coors Appoints Krishnan (Kandy) Anand President of Molson Coors International (11:48:00am Mon Nov. 23, 2009 CDT)

DENVER and MONTREAL, Nov. 23 /PRNewswire-FirstCall/ -- Global brewer Molson Coors (NYSE: TAP) has appointed Krishnan (Kandy) Anand to lead the company's international business outside of its mature markets in the US, Canada and the UK. Kandy Anand, 51, assumes the role of President, Molson Coors International, effective December 17th, 2009. Previously, Anand served as Vice President of Coca Cola's Global Revenue Growth Management and Commercial Leadership and in Latin America as Marketing Director. Most recently, he served as President of Coca Cola's Philippines Business Unit, where he has led the rejuvenation of the brand portfolio, transformed the route-to-market strategy, and restructured the business in one of Coca Cola's top ten markets. Prior to his time at Coca Cola, Anand served in various senior marketing strategy roles over fifteen years with Unilever in India. As a member of the Molson Coors executive team, Anand will also oversee enterprise wide strategy for the company, including all merger and acquisition activity. ...

BI-LO Files Plan of Reorganization and Disclosure Statement (11:45:00am Mon Nov. 23, 2009 CDT)

GREENVILLE, S.C., Nov. 23 /PRNewswire/ -- BI-LO, LLC and certain affiliates (the "Company" or "BI-LO") announced that on November 20, 2009, the Company filed its Plan Of Reorganization (the "Plan") and Disclosure Statement (the "Disclosure Statement") with the United States Bankruptcy Court for the District of South Carolina (the "Court"). The Plan is sponsored by Lone Star Funds and includes a $350 million cash infusion, funded by a $150 million new equity investment by Lone Star and $200 million in committed term loan financing. In addition, the Lone Star proposal will provide for a $150 million ABL facility for BI-LO post-emergence to fund working capital and other normal business needs. ...

California American Water Teams Up With State Assemblyman Roger Niello for 'Operation Gobble' (10:54:00am Mon Nov. 23, 2009 CDT)

SACRAMENTO, Calif., Nov. 23 /PRNewswire/ -- ...

Brynwood Partners VI L.P. Has Acquired Balance Bar Company from Kraft Foods (10:30:00am Mon Nov. 23, 2009 CDT)

GREENWICH, Conn., Nov. 23 /PRNewswire/ -- Brynwood Partners VI L.P. is pleased to announce that it has acquired the Balance Bar Company from Kraft Foods. This transaction will mark Brynwood VI's first investment. Terms of the transaction were not disclosed. ...

Old-Fashioned American Burgers, Healthy Sub Sandwiches Arrive at the AIRMALL at Cleveland Hopkins International Airport (10:27:00am Mon Nov. 23, 2009 CDT)

CLEVELAND, Nov. 23 /PRNewswire/ -- Juicy, all-American burgers and healthy, tasty sub sandwiches for health-conscious consumers are now on the menu at the AIRMALL® at Cleveland Hopkins International Airport. BAA Cleveland, developers of the AIRMALL® at CLE, is pleased to welcome Cheeburger Cheeburger and Subway this week. The national franchises are scheduled to open their new units at the airport in time for the busy Thanksgiving traveling season. ...

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