BOYCOTT CAMPBELLS SOUPS – CALIFORNIA TO LOSE 700 JOBS!
Campbells prices up, profits up, time to cut workers:
For its fiscal fourth quarter, Campbell reported a higher-than-expected profit as soup sales rose 9 percent. It was the first sales increase for the unit in more than two years and the biggest gain since the first quarter of 2009.
The increase was driven by retailers running promotions and stocking up on inventories of its condensed soups, such as chicken noodle and tomato. A 5 percent price hike also contributed to growth.
Campbell Soup to close 2 US plants, eliminating more than 700 jobs
By Associated Press, Updated: Thursday, September 27, 7:09 AMAP
NEW YORK — Campbell Soup Co. is closing two U.S. plants and cutting more than 700 jobs as it looks to trim costs amid declining canned soup consumption.
The world’s largest soup maker said Thursday that it will close a plant in Sacramento, Calif., that has about 700 full-time workers.
The announcement comes as Campbell looks to reinvent itself with dozens of new soup flavors and sauces intended to lure younger consumers. Many of the new products come in pouches designed to convey a fresher feel, rather than the iconic steel cans that have long defined the company.
Those new soup pouches are not currently made at its soup plants but are co-manufactured with another party.
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Campbell’s Soup Heiress’ $15.8M Rhode Island Estate is Mmm Mmm Good (PHOTOS)
Heiress to the Campbell Soup Company fortune Dorrance Hamilton is selling her luxury oceanfront estate in Rhode Island. Hamilton, whose net worth currently hovers around the $1.1 billion mark, stands to add a few million more to her coffers after listing the iconic Newport property for $15.75 million.
Tucked away in the affluent Price’s Neck Cove, the shingle-style colonial home was designed by the collaborative duo of Irving Gill and Frederick Law Olmstead in 1902. Known as “Wildacre,” Hamilton’s luxe abode has been meticulously restored both inside and out, and measures a tad under 8,200 square feet with a total of six bedrooms and seven baths.