Gardner Technologies, makers of a wine closure system that combines twist-off technology with traditional cork, is suing Constellation Brands' Robert Mondavi unit for pulling out of an agreement to use its MetaCork closures on products destined for Whole Foods Market and Outback Steakhouse.
Although exact wording is yet to be determined, an Indian court ruling will require Coca-Cola and PepsiCo to print labels on their beverage containers warning of the possibility that the products may contain chemical and pesticide residue. Coke and Pepsi contend their products are safe.
Unilever announced a fourth-quarter net profit of $1.04 billion, a sharp increase over last year. The company also said one of its co-chairmen, Niall FitzGerald, will retire in September, three years earlier than expected.
Despite reports of avian flu in Delaware poultry farms, grocery stores are not reporting a decrease in demand, and restaurants such as Popeyes Chicken & Biscuits appear to be doing fine. One food analyst notes that avian flu has shown no threat to humans.
The merger of the two British supermarket chains will produce about 552 stores for William Morrisons Supermarkets. The deal should take two or three more weeks to finalize, with enlarged Morrisons shares expected to begin trading March 8.