Corporate Operations: Page 3
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Courtesy of Mars Incorporated
OpinionA ban on FDA-approved food additives should come from experts
John Downs, the CEO of the National Confectioners Association, said more studies should be done before banning Red 3 dye and titanium dioxide.
By John Downs • March 25, 2024 -
Courtesy of The ICEE Company
ColumnLeftovers: Icee chills out with Ghostbusters flavors | Bob’s Red Mill mixes provide baking shortcut
The frozen beverage brand taps the fantasy franchise for its nostalgic line, and MariMed infuses both cannabis and electrolytes into its latest drink mixes.
By Food Dive staff • March 22, 2024 -
Trendline
Mergers and acquisitions
While the days of transformational megadeals in the food and beverage sector have subsided, the value of M&A hasn’t lost its importance for many executives.
By Food Dive staff -
Courtesy of General Mills
General Mills still dealing with elevated operating costs, CEO says
The Cheerios maker reported higher-than-normal inflation four years after the pandemic began. Input costs have increased by 32% during this time, the top executive said.
By Chris Casey • March 22, 2024 -
Permission granted by PepsiCo
PepsiCo creates Flamin’ Hot brand to highlight fast-growing chip flavor
The Doritos and Cheetos manufacturer said the platform, which generated more than $3 billion in retail sales, will initially include 25 unique products with seasoning.
By Christopher Doering • March 21, 2024 -
Christopher Doering/Food Dive
Mondelēz’s Chips Ahoy! debuts new recipe for the classic cookie
The modification, which includes chocolate chips with higher cacao and Madagascar vanilla extract content, is the biggest update for the $1 billion brand in nearly a decade.
By Christopher Doering • March 21, 2024 -
Courtesy of Truly Hard Seltzer
Boston Beer brings Truly into tequila soda to help revive brand
The alcohol company is betting that the RTD cocktail wave will renew interest in the beverage as it struggles to rebound from a slump in hard seltzer demand.
By Chris Casey • March 20, 2024 -
Permission granted by Joshua Woods
Bronx-born food collective goes from trendy dinner parties to Target shelves
Ghetto Gastro fuses community and culture to create low-cost plant-based packaged goods.
By Elizabeth Flood • March 19, 2024 -
Courtesy of Ben & Jerry's
Unilever to cut 7,500 jobs and spin off ice cream business
The restructuring will leave the Ben & Jerry’s manufacturer with its fastest-growing business units while helping it reduce costs and boost profits.
By Christopher Doering • March 19, 2024 -
Permission granted by Hain Celestial
As sales decline, Hain Celestial names new president for its North American operations
The appointment of Chad Marquardt comes as the organic and natural food company looks to improve operations in the region responsible for nearly 60% of its business.
By Christopher Doering • March 18, 2024 -
Courtesy of Walmart
Food companies tackling Scope 3 emissions despite weak SEC rule: expert
Businesses will continue working to lower their indirect emissions because of pressure from retailers and state governments, according to a sustainability tech executive.
By Chris Casey • March 18, 2024 -
etiennevoss via Getty Images
From Coke to Hershey, CPGs search for their sweet spot in pack size
Consumers are increasingly interested in smaller portion sizes, as well as value-priced multipacks, for their snacks and soda. These changing sizes can have implications from production to recycling.
By Shefali Kapadia • March 18, 2024 -
Courtesy of Keurig Dr Pepper
Keurig brewing up compostable K-Rounds as alternative to plastic coffee pods
The company is still in the process of testing the rounds and certifying them as compostable. Keurig also plans to launch a mail-back program for its polypropylene K-Cups, which are not going away.
By Maria Rachal • March 15, 2024 -
Retrieved from Frankford Candy.
ColumnLeftovers: Claussen pickles jelly beans | King Arthur slices into baking mixes
Frankford Candy is bringing together pickles and jelly beans for Easter, and trendy New York City restaurant Carbone furthers its culinary presence with a line of Alfredo sauces.
By Food Dive staff • March 15, 2024 -
Scott Olson via Getty Images
Marlboro maker Altria sells $2B stake in AB InBev
The sale is the latest headache for the alcohol manufacturer as it attempts to shake off a drop in beer consumption and fallout from a controversial 2023 marketing campaign with a transgender influencer.
By Chris Casey • March 15, 2024 -
Courtesy of Nestlé
Nestlé investors urge food giant to lessen dependence on unhealthy foods
The Lean Cuisine manufacturer disputed many of the claims outlined by the shareholder group and said it was “targeting the wrong company.”
By Christopher Doering • March 14, 2024 -
Courtesy of Nestle
ColumnThe Weekly Sip: Pizza and beer in a can? | Kylie Jenner debuts canned cocktails
Nestlé is partnering with Voodoo Ranger on an IPA based on its Tombstone frozen pizza line, and Boston Beer aims to make a splash with another hard tea line following the success of its Twisted Tea.
By Food Dive staff • March 14, 2024 -
Retrieved from Sovos Brands.
Campbell Soup a ‘compelling story’ after closing $2.7B Sovos deal
The deal, which closed Tuesday, broadens the CPG giant’s footprint in premium offerings and complements its core meals and beverage business which includes its namesake soup and V8.
By Christopher Doering • March 12, 2024 -
Courtesy of Tyson Foods
Tyson to shutter Iowa pork plant, impacting more than 1,200 jobs
The facility will be the ninth to close since early 2023 as the Arkansas-based company deals with softening demand for meat and poultry.
By Chris Casey • March 12, 2024 -
Retrieved from Liquid Death.
Liquid Death valued at $1.4B after latest funding round
The beverage maker, which is reportedly looking to go public this year, said the $67 million in new financing will be used to grow distribution and accelerate product innovation.
By Christopher Doering • March 11, 2024 -
Getty via Getty Images
Egg and chocolate prices could upend Easter: Wells Fargo
The banking giant said prices of the commodities will remain elevated through the holiday as producers deal with another year of bird flu and a harsh climate in cocoa-growing regions.
By Chris Casey • March 11, 2024 -
Chris Casey/Food Dive
WK Kellogg focusing on cereal before turning to M&A, CEO says
Five months after being spun off, Gary Pilnick is upbeat that the Rice Krispies maker can modernize its business and improve its product offerings that for years were being “deprioritized” in favor of snacks.
By Christopher Doering • March 11, 2024 -
Courtesy of Danone
Danone discontinues 2 plant-based milk options under its Silk and So Delicious brands
The decision to end production of Silk Nextmilk and So Delicious Wondermilk comes as sales in the alternative category fell in 2023 after four straight years of growth.
By Christopher Doering • March 11, 2024 -
Brandon Bell via Getty Images
Biden administration looks to lower food prices by tackling concentration in the meat industry
The USDA finalized new standards under the Packers and Stockyards Act to crack down on deceptive contracts and retaliatory practices against livestock producers.
By Sarah Zimmerman • March 7, 2024 -
Courtesy of Alaska Airlines
ColumnThe Weekly Sip: Alaska Airlines enters beer | Celsius refreshes C-suite
The airline launched an exclusive IPA crafted by Fremont Brewing for its passengers, and Angry Orchard debuted a lighter alternative to its signature hard cider ahead of spring break.
By Food Dive staff • March 7, 2024 -
Courtesy of Post Holdings
Post Holdings aims to bring Honey Bunches of Oats beyond the cereal aisle
The food manufacturer is working with a brand licensing firm to explore taking the breakfast staple into new categories such as snack bars, baked goods and ice cream.
By Christopher Doering • March 7, 2024
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