February 19, 2000 |
Aurora Foods Inc. Chairman and Chief Executive Ian Wilson and other top executives unexpectedly quit Friday as the company's board formed a committee to investigate accounting at the maker of Duncan Hines baking mixes and Celeste frozen pizza. The committee is investigating trade-promotion expenses last year and conducting a broader review of accounting practices for earlier periods, the company said. The Aurora board also accepted the immediate resignations of James B. Ardrey, vice chairman; M.
November 24, 1999 |
Shares of Aurora Foods Inc. touched a record low Tuesday after the company warned that it will earn less in the fourth quarter than forecast because it cut prices on Aunt Jemima frozen waffles and spent more to boost inventories of its Duncan Hines cake mix. The stock closed at $9, down $2, in New York Stock Exchange trading after falling as low as $7.69, its lowest price since Aurora's $21-per-share initial public offering in June 1998.
September 28, 1999 |
Cereal giant Kellogg Co. said Monday it will sell its beleaguered Lender's Bagels division to Aurora Foods Inc., owner of Log Cabin Syrup and Duncan Hines baking mixes, for $275 million in cash--41% less than Kellogg paid for the company three years ago.
April 3, 1998 |
Aurora Foods Inc. and Van de Kamp's Inc. said they will merge, creating a food company with about $900 million in annual sales and products ranging from Duncan Hines baking mix to Mrs. Paul's fish sticks. Ian R. Wilson, managing partner of Dartford Partnership, a San Francisco investment firm specializing in the food industry, would become chairman and chief executive of the new closely held company, to be called Aurora Foods Inc. Both Columbus, Ohio-based Aurora and St.
December 9, 1997 |
Procter & Gamble Co. is selling its Duncan Hines line of baking mixes to the company that owns Mrs. Butterworth's syrup and pancake mix and Log Cabin syrup. Terms of the deal with Columbus, Ohio-based MBW Investors, which owns Aurora Foods Inc., were not disclosed Monday. Duncan Hines was put on the block in August after company officials said it did not fit into their strategy of building market-leading food and beverage brands.
February 7, 1998
Epson America, a Torrance-based marketer of computer printers, scanners and electronic items, awarded its $20 million advertising account to DDB Needham, Los Angeles. Needham beat three agencies competing for the creative work and two agencies vying for the media portion of the business. The account had been handled by Ammirati Puris & Lintas of New York since May 1995. Ammirati resigned the account over geographic and philosophical differences. * Phoenix-based Ugly Duckling Corp.