On August 18, 2009
Food Roundup: Dole Goes Public, Jamba Goes Retail, TCBY Goes Free, and More
Dole to go public — Dole Food Co. announced plans for an initial public stock offering after being a private company since 2003. Dole plans to raise $500 million, in part to pay off its debts, and it’s applying to list on the New York Stock Exchange with DOLE as its ticker symbol. It could take several months before the process is competed. [Sources: Food Processing, Wall Street Journal] Jamba to sell make-at-home smoothies — The company that owns and runs Jamba Juice announced plans to create a line of blend-and-serve fruit smoothies. The company is working on the new product with the Inventure Group, which also helped Burger King develop its snack chips. The smoothies should hit grocery store…
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