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April 4, 2000 | Associated Press
Aurora Foods Inc., owner of such well-known brands as Duncan Hines and Aunt Jemima, named a new chief executive and restated its earnings for 1998 and 1999 based on an investigation into its accounting practices. The company said James T. Smith, a former executive at food company ConAgra, would be CEO and president. It also named Christopher T. Sortwell, a former executive with the brewer Stroh Cos., as chief financial officer and executive vice president.
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BUSINESS
January 24, 2001 | Reuters
A former chief executive and three other former top executives at Aurora Foods Inc. were indicted for their alleged role in a scheme to hide $43.7 million in trade promotion expenses to inflate the company's earnings in 1998 and 1999. Aurora produces such well-known brands as Duncan Hines baking mixes, Log Cabin and Mrs. Butterworth's syrups, Mrs. Paul frozen fish and seafood, Lender's bagels and Aunt Jemima frozen breakfast products.
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BUSINESS
January 24, 2001 | Reuters
A former chief executive and three other former top executives at Aurora Foods Inc. were indicted for their alleged role in a scheme to hide $43.7 million in trade promotion expenses to inflate the company's earnings in 1998 and 1999. Aurora produces such well-known brands as Duncan Hines baking mixes, Log Cabin and Mrs. Butterworth's syrups, Mrs. Paul frozen fish and seafood, Lender's bagels and Aunt Jemima frozen breakfast products.
BUSINESS
April 4, 2000 | Associated Press
Aurora Foods Inc., owner of such well-known brands as Duncan Hines and Aunt Jemima, named a new chief executive and restated its earnings for 1998 and 1999 based on an investigation into its accounting practices. The company said James T. Smith, a former executive at food company ConAgra, would be CEO and president. It also named Christopher T. Sortwell, a former executive with the brewer Stroh Cos., as chief financial officer and executive vice president.
BUSINESS
February 19, 2000 | WILL EDWARDS, BLOOMBERG NEWS
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.
BUSINESS
September 28, 1999 | MELINDA FULMER, TIMES STAFF WRITER
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.
BUSINESS
November 24, 1999 | From Bloomberg News
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.
BUSINESS
April 3, 1998 | Bloomberg News
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.
BUSINESS
December 9, 1997 | From Associated Press
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.
BUSINESS
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.
BUSINESS
February 19, 2000 | WILL EDWARDS, BLOOMBERG NEWS
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.
BUSINESS
November 24, 1999 | From Bloomberg News
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.
BUSINESS
September 28, 1999 | MELINDA FULMER, TIMES STAFF WRITER
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.
BUSINESS
February 13, 2007 | From Bloomberg News
Blackstone Group agreed to buy Pinnacle Foods Group Inc. on Monday for $2.2 billion including debt, becoming the third private equity firm in four years to own the maker of Duncan Hines cake mixes and Hungry Man frozen dinners. Blackstone, based in New York, is acquiring Pinnacle of Cherry Hill, N.J., from CCMP Capital Advisors, the companies said. Blackstone didn't say how much debt was involved. Pinnacle, which has annual gross sales of about $2.
BUSINESS
February 12, 1999 | From Times Wire Services
Tricon Global Restaurants Inc., the No. 2 U.S. restaurant company and operator of Taco Bell, Pizza Hut and others, said Thursday that fiscal fourth-quarter earnings nearly doubled as it boosted sales at restaurants and trimmed operating costs, sending its shares higher. Tricon said profit from operations rose to $87 million, or 55 cents a share, from $44 million, or 30 cents, in the year-earlier period.
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