Howdy, all--
Check out today's /New York Times/--business section, front page top.
General Mills is in talks to acquire the Pillsbury division of Diageo PLC.
Quoth the Times:
"General Mills is attracted to Pillsbury's refrigerated-dough business,
which includes ready-to-bake cookies and biscuits. Together with the
General Mills yogurd business, which consists of Yoplait and Colombo
yogurt, it would create a behemoth with $1.7 billion in sales in that
crucial corner of the supermarket."
Tell me, what will happen to an industry (refrigerated/spoilable food) that
depends on cheap energy...when the price of energy starts reflecting the
global costs of spewing carbon into the atmosphere?
By the way, I weep to add that Diageo ("the largest global player in
liquor") is the company formed to suck up up Guinness. But I note that
Guinness does not require refrigeration...and in fact is better without it.
peace
mish
Michele Gale-Sinex
Communications Director
Redefining Progress
One Kearny St., fourth floor
San Francisco, CA 94108
Phone: 415-781-1191 x305
Fax: 415-781-1198
http://www.rprogress.org
Fair trade is not simply asking you to pay more,
just what it costs. --Renwick Rose
To Unsubscribe: Email majordomo@cals.ncsu.edu with the command
"unsubscribe sanet-mg". If you receive the digest format, use the command
"unsubscribe sanet-mg-digest".
To Subscribe to Digest: Email majordomo@cals.ncsu.edu with the command
"subscribe sanet-mg-digest".
All messages to sanet-mg are archived at:
http://www.sare.org/san/htdocs/hypermail
This archive was generated by hypermail 2b29 : Fri Jul 21 2000 - 09:00:33 EDT