- The European Union has reached a settlement with the Coca-Cola Co. in a five-year-old antitrust case that accused the soft drink company of propagating illegal exclusivity arrangements with stores and restaurants. The company has agreed to change its sales practices in Europe and avoid fines and additional legal battles.
- Pizza Hut apparently has missed all the publicity surrounding obesity concerns that led companies like McDonald’s to cut back on “supersized” offerings. The company is to begin selling a Full House XL Pizza, with is 30 percent bigger than its traditional large-size pie.
The company says the new pizza is aimed at the family market.
- What’s the big retailing issue in Nova Scotia? Large retailers are looking for a change in the law that prevents them from opening on Sunday. At this point, only drugstores and c-stores are allowed to operate on Sunday, but a coalition of retailers and tourism-oriented companies are arguing for a change in the regulations.
The problem is that a recent vote on the issue defeated a bill that would have changed the law…so blue law opponents have their work cut out for them.
- Constellation Brands, which owns wine brands that include Simi, Ravenswood, Blackstone and Banrock Station, reportedly has bid $970 million to acquire Robert Mondavi Corp., which has been considering selling off just its luxury brands in a restructuring.>/LI>
- The Canadian International Pharmacy Association (CIPA) reportedly has urged its membership to stop accepting bulk prescription drug orders from the US, and will not service states such as Illinois and Wisconsin that want to get all their prescription drugs from north of the border.
- The Washington Post reports that the US Food and Drug Administration (FDA) is taking steps to create regulations designed to make sure that bovine spongiform encephalopathy (BSE), also known as mad cow disease, is not transmitted via cosmetics, soaps, dietary supplements and certain food items, such as sausage casings, that previously were not thought to have been at risk.
- Acosta Sales and Marketing reportedly plans to acquire the Premier Food Marketing sales agency, which would give the company a bakery presence i in New England, the Mid-Atlantic and New York metropolitan area. The move, terms of which have not been disclosed, would be part of Acosta’s strategy of expanding its fresh foods business.