| Type | Public |
|---|---|
| Traded as | NYSE: CPB S&P 500 Component |
| Industry | Food processing |
| Founded | 1869 |
| Headquarters | Camden, New Jersey, U.S. |
| Key people | Paul R. Charron (Chairman) Denise Morrison (President and CEO) |
| Products | Campbell's Erasco Pepperidge Farm Arnott's Pace StockPot V8 Liebig Royco |
| Revenue | US$7.676 billion (FY 2010)[1] |
| Operating income | US$1.348 billion (FY 2010)[1] |
| Net income | US$844 million (FY 2010)[1] |
| Total assets | US$6.276 billion (FY 2010)[1] |
| Total equity | US$926 million (FY 2010)[1] |
| Employees | 18,400 (2010)[1] |
| Website | www.CampbellSoupCompany.com |
Campbell Soup Company (NYSE: CPB), also known as Campbell's, is an American producer of canned soups and related products. Campbell's products are sold in 120 countries around the world. It is headquartered[2] in Camden, New Jersey. Campbell's divides itself into three divisions: the simple meals division, which consists largely of soups both condensed and ready-to-serve, the baked snacks division, which consists of Pepperidge Farm, and the health beverage division, which includes V8 juices.
Contents |
The company was started in 1869 by Joseph A. Campbell, a fruit merchant, and Abraham Anderson, an icebox manufacturer.[3] They produced canned tomatoes, vegetables, jellies, soups, condiments, and minced meats.
In 1876 Anderson left the partnership and the company became the "Joseph A. Campbell Preserve Company".[4]
Campbell reorganized into "Joseph Campbell & Co." in 1896. In 1897, John T. Dorrance, a nephew of the general manager Arthur Dorrance, began working for the company at a wage of $7.50 a week.[4][5] Dorrance, a chemist with degrees from MIT and Göttingen University, Germany, developed a commercially viable method for condensing soup by halving the quantity of its heaviest ingredient: water.[3] He went on to become president of the company from 1914 to 1930, eventually buying out the Campbell family.[6]
In 1898, Herberton Williams, a Campbell's executive, convinced the company to adopt a cherry red and bright white color scheme, because he was taken by the crisp colors of the Cornell University football team's uniforms.[7] To this day, the layout of the can, with its red and white design and the metallic gold medal seal from the 1900 Paris Exhibition, has changed very little, with the exception of the French phrase on the top of the gold seal that said "Exposition-Universelle-Internationale" which was changed to the English name of the exhibition as "Paris International Exposition".
Campbell Soup became one of the largest food companies in the world under the leadership of William Beverly Murphy. He was elected executive vice president of Campbell Soup in 1949 and was President and CEO from 1953 to 1972. While at Campbell's Soup Company, he took the corporation public and increased its brand portfolio to include Pepperidge Farm's breads, cookies, and crackers, Franco-American's gravies and pastas, V8 vegetable juices, Swanson broths, and Godiva's chocolates. David Johnson was President and CEO from 1990 until 1997.
Campbell Soup invested heavily in advertising since its inception, and many of its promotional campaigns have proven value in the Americana collectible advertising market. Perhaps best known are the "Campbell Kids" designed by illustrator Grace Drayton.[3] Ronald Reagan was a spokesman for V8 when Campbell's acquired the brand in 1948.[8]
In addition to collectible advertising, the company has also had notable commercial sponsorships. Among these was The Campbell Playhouse, which had previously been Orson Welles's Mercury Theatre On The Air. Campbell's took over as sponsor of the radio theater program in December 1938.
In the UK and Ireland, Campbell Soup was rebranded as Batchelors Condensed Soup (UK) and Erin (Ireland) in March 2008, when the license to use the brand name expired. Premier Foods, St. Albans, Hertfordshire bought the Campbell Soup Company in the UK and Ireland, for £450m ($830m) in 2006, but was licensed to use the brand only until 2008. Under this agreement the US-based Campbell Soup Company will continue to produce Campbell's Condensed Soup but cannot sell the product in the UK for a further 5 years.[9]
Campbell's continues to be a major part of Camden, regularly participating in charity events[10][11] in the community. It also has recently completed the building of a new and expanded headquarters[12] in the city.
In January 2010, Campbell's Canadian subsidiary began selling a line of soups that are certified by the Islamic Society of North America as being halal (prepared in accordance with Islamic law). Although Campbell does not have any plans to sell its halal soups in the United States, the move has drawn criticism from anti-Muslim advocates in the United States. Blogger Pamela Geller called for a boycott of the company.[13]
In January 2011, It was announced that the Campbell's Soup brand would be returning to the UK and would be on the shop shelf later in the month. The brand will be Manufactured under license by Symingtons. The new line-up comprises 12 cup soups, five simmer soups designed to be cooked in a pot of water, four savoury rice lines, and four savoury pasta and sauce packets. The new range will not be sold in tins, but instead sold in packets and boxes. Later in 2011 the canned varieties have also returned to supermarket shelves with refreshed labels and new lines.[14]
In 1962, artist Andy Warhol took the familiar look of the Campbell's soup can and integrated it into a series of pop art silkscreens, a theme he would return to off and on through the 1960s and 1970s. The first batch in 1962 were a series of 32 canvases. At first, the cans were accurate representations of actual Campbell's cans, but as his series progressed, they became more surrealistic, with Warhol experimenting with negative-reversed color schemes and other varied techniques (many of these which would be used on other Warhol paintings of the period, such as his celebrity silkscreens of the 1960s). The silkscreens themselves have become iconic pieces of pop art, with one in particular, Small Torn Campbell Soup Can (Pepper Pot) (1962), commanding a price of $11.8 million at auction in 2006.
In 2004, Campbell's themselves recognized Warhol's art by releasing in the eastern United States a limited-edition series of cans that were inspired by the coloring and silkscreen effects of Warhol's pieces. This marked one of the few times in the company's history that they would change the trade dress for their main canned-soup line in any substantial manner.
Many canned soups, including Campbell's condensed and Chunky varieties, contain relatively high quantities of sodium and thus are not desirable for those on low-sodium diets. However, Campbell's Chunky, Healthy Request and other soups, as well as their V-8 and Tomato juices, have claimed to contain reduced sodium levels.[15] These soups use sea salt as one of the methods in lowering sodium.
In the fall of 2007, Campbell's was awarded a Certificate of Excellence, for their efforts in lowering sodium levels, from Blood Pressure Canada.[16]
By autumn 2009, Campbell's claimed it had lowered the sodium content in 50% of its soups range.[17] In March 2009, this claim was challenged. ABC News reported that the low-sodium variety of Campbell soup in fact contains the same amount of sodium as the regular variety, and that Campbell's Healthy Request soup contains more fat than the regular variety.[18]
In December 2009, Consumer Reports found that major canned food companies including Campbell's Soup had tinned products which had Bisphenol A (BPA) levels over 100 ppb in some cases;[19] the testing revealed that just one serving of canned food would exceed scientific limits (USA) for daily exposure (0.2microgrammes per day).[19]
In July 2011, citing sinking sales, and a combination of: "consumer views and choices" & having "found no connection between sodium consumption and negative health outcomes"[20] they increased the salt contents again.[21]
Campbell's owns numerous brands, categorized for different lines. Many of Campbell's brands are listed below.
In June 2010, Campbell's "SpaghettiOs and Meatballs" product was recalled after a Texas firm found possible traces of underprocessed meat in the product.[26]
|
||||||||||||||||||||||||||