Word: ralston
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Dates: during 1980-1989
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...Nestlé-Carnation deal continues a streak of mergers in the competitive food industry. Last month Chicago's Beatrice (Tropicana, La Choy) bought Esmark (Swift, Peter Pan) for $2.8 billion. Two weeks ago, Ralston Purina agreed to acquire ITT's Continental Baking division for $475 million. One reason for the takeovers is that business has turned sluggish as a result of the slowdown in U.S. population growth. Thus the easiest way for food companies to grow is to take over other firms. And as the Carnation purchase indicated, cows that are too contented may find themselves...
...lift tickets in supermarkets, trolls for new skiers with promotions aimed at Hispanics, and provides low air-fare deals with airlines ($49 for a one-way Minneapolis-to-Denver ticket) by absorbing the discounts at other concessions. Keystone - lifts, lodges and all - is owned and operated by one company (Ralston Purina, oddly enough, best known for animal feed). Thus Jones is in a much better position to optimize profits than Aspen Skiing Co., which owns lifts but not hotels and restaurants at nearby Aspen. Perhaps not coincidentally, Aspen is known as one of the last ski refuges of affluent singles...
...Madison Avenue and elsewhere in the U.S. That is less than a third of what No. 1 advertiser Procter & Gamble, with its 70 consumer products, might spend this year. In the last tally for 1981, made by Advertising Age, the Government ranked 26th among all advertisers, just behind Ralston Purina (pet foods) and just ahead of Unilever (detergents and toiletries). The Government spent $189 million that year, 8.3% more than in 1980, despite the White House budget squeezing...
...senator and well-known talk-show host, has campaigned ceaselessly against incumbent Republican John Danforth's support of Reagan's economic programs, an approach that is going down well in the traditionally Democratic and fiscally floundering Show Me State. Danforth, 46, an Episcopal priest, heir to the Ralston Purina fortune and Missouri attorney general for eight years before becoming a Senator in 1976, is outspending Woods 2 to 1 and trading on his enormous personal popularity in the state. "Everybody likes Danforth," concedes Missouri Democratic Senator Thomas Eagleton. As recently as last month, Danforth held a 15-point...
...candidates' styles could not be more dissimilar. Danforth, an uncommonly shy campaigner who appears on the stump infrequently, is an ordained Episcopal priest and an heir to the Ralston Purina dog-food and cereal fortune. He is emphasizing his efforts to help two beleaguered groups-the state's auto workers (with increased tariff protections against imports) and its farmers (with rural enterprise zones). But, as the first Republican elected to the Senate from Missouri since 1946, Danforth is de-emphasizing his ties to the Reagan economic program. One of his political ads urges voters to forget the Republican...