Wednesday, January 30, 2013
Northfield-based Kraft, which owns Oscar Mayer, will have to pay fines and spend millions on making changes to their plants after they sold products in Wisconsin that didn't weigh what their packages said they weighed.
For the third time in two years, Oscar Mayer is in hot water with the Wisconsin Department of Agriculture, Trade and Consumer Protection for short-weighing their products. Oscar Mayer is owned by Northfield-based Kraft Foods Group, Inc. An inspector from the Wisconsin Department of Agriculture, Trade and Consumer Protection found nine instances of false representation of quantity in Oscar Mayer products in Wisconsin stores, according to a press release from the agricultural agency. More specifically, the company short-weighted eight packages of Oscar Mayer-brand cooked ham and one package of Oscar Mayer-brand honey ham in June and July 2012. The packages were located in Beloit, Dodgeville, Plover, Racine, Watertown, Waukesha and Wisconsin …
Friday, January 18, 2013
The company will lease back its office space for a minimum of 10 years.
Kraft Foods said Thursday that it has sold its Northfield headquarters to real estate investment trust W.P. Carey, but will lease the space back for at least 10 years, according to an article in TribLocal. A spokesman for the company told TribLocal that the sale allows it to invest money in the company while staying in Northfield. In early 2012, the company cut 1,600 positions and closed its Glenview Corporate Office as part of its restructuring. There were even discussions with Chicago Mayor Rahm Emanuel about moving some of its business headquarters’ to the city, but the company ultimately decided to stay in Northfield. It's campus is at the corner of Willow and Waukegan roads. For more Winnetka-Glencoe-Northfield business news, sign up…
Wednesday, December 26, 2012
The North Shore-based food and beverage company is planning to accommodate an additional 900 employees that will be working from the Northfield campus.
Kraft’s campus in Northfield used to house 1,300 employees, in the future the 70-acre campus could house 2,200 employees once remodeling is complete, Chicago Tribune reported. Located at the corner of Willow and Waukegan roads, the food and beverage company plans to remodel one-third of its office area at a cost of $2.5 million for just Phase I of the renovation, a boon for the Village of Northfield, which is expected to net $55,000 from the building permits alone, Community Development Director Steve Gutierrez told Chicago Tribune. In early 2012, the company cut 1,600 positions and closed its Glenview Corporate Office as part of its restructuring. There were even discussions with Chicago Mayor Rahm Emanuel about moving some of its …
Monday, October 1, 2012
Kraft is among 10 Illinois companies singled out by the magazine for its good treatment of working mothers.
Northfield's Kraft Foods was named one of the 100 best companies to work at by Working Mother magazine. The company's 2012 list highlights Kraft's minimum 20 days of annual vacation time and encourages employees to flexible work schedules or to work from home. Other Illinois companies on the list include Allstate, Abbott and Northwestern Memorial HealthCare. To read the full list, click here.
Tuesday, February 21, 2012
The Northfield-based company, Kraft Foods Inc., reported earnings for the fourth quarter.
Friday, September 16, 2011
Wendy Serrino deepens her pursuit to help the 'most vulnerable' as the Midwest's vice chair.
It was a young boy in Uganda who changed Wendy Serrino’s heart. “He moved me,” said the Glencoe resident. “It made me sick to see him so hungry.” Serrino, a former Kraft Foods marketing director and recently the board president at New Trier High School, went from board member to vice chair of UNICEF’s Midwest region board of directors in September. UNICEF is an organization that advocates for children's rights around the world. Now Serrino’s responsibilities include outreach and fundraising, with hopes of educating people like her neighbors in Glencoe, through a speaker series and events in Chicago. “I think Glencoe is innately generous, and they continue to be that way,” she said. It’s part of the allure of this community.” Why UNICEF In …
Tuesday, June 28, 2011
How much is Kraft worth to Nelson Peltz's hedge fund, Trian, these days? Try $420 million.
Northfield-based Kraft Foods has enjoyed a nine percent increase in shares this year, and now sits at a market value of about $60.6 billion, according to Bloomberg. But there's more news for the food company, and it's in the million-dollar range: Nelson Peltz's Trian Fund Management LP bought a $420 million stake in the company, illustrating a renewed interest in Kraft, as "Peltz’s Trian Returns to Kraft Foods With Stake" reports. The move could affect Kraft, as Bloomberg refers to Peltz as "an activist investor who takes stakes in companies, particularly those in the food and restaurant businesses, and then frequently pushes for changes designed to boost their share prices. His previous activist investments include Kraft, ketchup maker H…