Broad Street Licensing Group Food News

This & That in the Food & Beverage Biz

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Marketing

  • While those who didn’t grow up in the UK usually react to Brit whole grain cereal Wheetabix with horror (the consistency is more like straw than human food), the iconic brand has announced it’s moving into the 21st century with products that include a version with a sweet syrup baked inside. Three other new flavors include Alpen Apricot, Almond, and Hazelnut Muesli. They still sound dreadful…

Health & The Environment

  • Celebrity chef Paula Dean, who made her reputation on outrageously sinful cooking, now says she has diabetes and has sworn to “eat healthy.” No comment.
  • While the FDA says the amounts of the fungicide carbendazim found in orange juice & OJ concentrate in January don’t pose a health risk, the news has cast light again on the problem. The product came from Brazil, and had levels ranging from 13 parts per billion (p.p.b.) to 36 p.p.b. in 9 of 14 samples tested.F[1]F The Juice Products Association insists (as you would expect) that the fungicide is currently used on food crops in the US, but is not permitted on citrus. It was allowed prior to 2008 when its domestic manufacturer chose not to renew certification for economic reasons.

Financial News & Transactions

  • Old Country Buffet (owned by Buffets, Inc.) has sought Chapter 11 protection for a second time in four years, and will shutter 16% of its locations. It and other chains limping along are referred to as Dead Men Walking.

Tasty Tidbits

  • During Super Bowl Sunday, Americans will scarf down 1.25bn chicken wings because they’re “inexpensive, traditional and considered macho.”F[2]F In fact, they are the top Super Bowl food choice of 23% of the populace, beating out pizza, but behind dips & spreads.F[3]
  • The continuing romance with Trader Joe’s bemuses us: a blogger in Queens, NY, has been lobbying the company to open a branch in the neighborhood of Astoria. The company has said it appreciates the “love,” but has no plans to open a location there.


[1] The FDA says that levels below 80 ppb pose no health risk.

[2] Source: the National Chicken Council.

[3] Source: Harris Interactive‘s annual Supervalu Snack Down survey.

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