The private-equity owners of United Biscuits (UB) have appointed Credit Suisse to separate the U.K. food company's salty snack business from its other operations, according to a person familiar with the matter, in an effort rekindle a failed sale of the company in 2010.
PepsiCo Inc. will try to capture more growth in value and premium snacking segments this year, while boosting marketing behind its mainstream brands like Lays, Doritos, Cheetos and Tostitos, company executives said.
Starbucks Corp. reported its biggest quarterly revenue gain since the recession began, but investors worried after the company issued a modest forecast for the year.