FOOD: Campbell Soup Co. announces reorganization
Campbell Soup Co. plans to focus on its core snacks and soup business in North America and sell its international business, paying down debt. The Camden, New Jersey, company said Thursday it’s working urgently to complete all the moves by next July. Campbell’s has been wrestling with declining soup and juice sales in a market crowded with competitors at the same time that many families are seeking foods they consider healthier and less processed.