Word: snacked
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Another casualty was Borden, the one-time dairy king, which believed it could develop a highly profitable position as the No. 2 player by assembling a group of regional snack-food companies. Not only did Frito-Lay beat Borden until the cows went home, but the damage was so severe that Borden, once a $5.6 billion independent company, nearly imploded, and was eventually bought by Kohlberg Kravis Roberts. Borden, having sold all its snack units except for its Wise Foods and Moore's Quality lines, now has a market share of 5%, down from a high...
Dozens of independent regional snack companies have folded in recent years. "Frito-Lay makes no bones about it," says Spencer Hill, vice president of sales and marketing of Clover Club Foods, a $60 million manufacturer of salty snacks in Kaysville, Utah. "They want to be the only salted-snack company in the country." Another food-company executive says Frito-Lay fields marketing "warlords" assigned to ride herd on regional companies. "They are the best-run company in the food business," this executive says, without rancor. "They are terrific at what they are doing--and we don't want anything...
...food court at the CambridgeSide Galleria, a woman with a black Prada bag sits sipping a capuccino from Au Bon Pain, while at the next table two teenage boys in baseball caps and T-shirts snack on hamburgers and fries from Arby...
...place for members of the Harvard community, not citizens of Cambridge, to socialize. It should be a student center with occasional performances and other forms of entertainment; but, most importantly, it should provide a low-key meeting place where people can talk or study while simultaneously enjoying a tasty snack or, soon, an ice-cold Coke. For it to accomplish this end, though, Loker Commons cannot service an unlimited number of people. To the extent that residents of Cambridge and students at Rindge and Latin cause Loker Commons to become more crowded, noisy and frenetic, the environment becomes less conducive...
...think it's a good move," he said. "They're going to have to focus on students. Now that the Sanders Theatre coffee crowd isn't there, maybe it will move away from fancy desserts more toward snack food...