Kraft Foods Inc., the world's second-largest food company behind Nestle SA, said Monday it will pay about $1.07 billion to acquire the Spanish and Portuguese units of United Biscuits in a move to ...

Some of France's best-known consumer brands are poised to come under US ownership after Kraft confirmed it had provisionally agreed to buy the biscuit arm of Danone for €5.3bn ($7.2bn).

Groupe Danone SA DA, the French dairy company, is expected to announce Tuesday the sale of its LU biscuits operation to Kraft Foods Inc. KFT, according to Les Echos on Tuesday. Danone was under no ...

The story. Kraft Foods’ flagship Oreo brand first went on sale in China in 1996. But sales were lacklustre and by 2005 it was clear that one of the world’s largest biscuit brands was falling ...

Kraft has positioned the biscuits as a source of sustained energy with 3 to 4 grams of protein and 18 to 20 grams of whole-grain carbohydrates per serving.

Kraft said the combined biscuits business would be the leader in all markets bar Latin America, accounting for 35 per cent of group sales. The deal does not include Danone’s joint ventures in ...

U.S. food group Kraft <KFT.N> said it does not need to sell any assets to pay for Danone's <DANO.PA> biscuit and cereal unit for which it has offered 5.3 billion euros ($7.21 billion).

Danone, which sold its global biscuit business to Kraft in 2007 but kept Vitasnella, was making the snacks under licence with Kraft before deciding to sell the business.

Kraft, the biggest maker of biscuits in the world, has offered to buy the biscuit business of European giant Danone for more than €5bn. Danone, which produces the TUC and Petit Ecolier biscuit ...