Finances and Deals
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B&G Foods exploring sale of Green Giant frozen, canned vegetable businesses
The Crisco and Ortega owner is considering divestitures representing 10% to 15% of its consolidated net sales to focus its operations and lower its debt.
By Christopher Doering • May 9, 2024 -
Meati bucks trend and gets $100M funding boost
While the alternative meat sector has been struggling to raise funds, the company is on its way to its goal of becoming a household name.
By Elizabeth Flood • May 8, 2024 -
Tyson Foods posts mixed earnings as chicken shows momentum
Executives issued a cautious outlook for the rest of the fiscal year due to higher commodity costs and demand uncertainty.
By Nathan Owens • May 7, 2024 -
Impossible Foods CEO on the importance of first impressions
With headlines circulating around the declining sales in the plant-based category, Peter McGuinness believes it’s “ill-defined.”
By Elizabeth Flood • May 7, 2024 -
Kellanova’s ‘stronger commercial plans are taking hold’ after raising prices, CEO says
The Pringles and Cheez-It maker outperformed Wall Street expectations but faced headwinds from a decline in volumes in its most recent quarter.
By Chris Casey • May 7, 2024 -
Kraft Heinz sells TGI Fridays frozen appetizers for perpetuity under revised deal
The restaurant brand is “an important part” of the packaged food company’s portfolio and “a growth driver” for its North American business, a top executive said.
By Christopher Doering • May 6, 2024 -
Just Ice parent shifting scarce resources to fast-growing tea, pulling back on snacks
Eat the Change started selling environmentally friendly, nutrient-dense treats before moving into beverages in 2022 after Coca-Cola discontinued its organic Honest tea brand.
By Christopher Doering • May 6, 2024 -
Healthy soda brand Poppi denies being M&A target of large beverage companies
The drink, introduced in March 2020, is posting triple-digit growth as it benefits from surging consumer interest in better-for-you offerings.
By Christopher Doering • May 2, 2024 -
Impossible Foods secures ‘highly anticipated’ retail deal with Whole Foods
CEO Peter McGuinness told Food Dive that though the company was “late to the game in retail,” the launch will help its plant-based chicken products be as available as possible.
By Elizabeth Flood • April 30, 2024 -
Column
Leftovers: Oreo goes sour | Campbell Soup’s Late July chip dips back into salsa
Mondelēz International leverages its Sour Patch Kids brand to create an unusual flavor combination and General Mills launches a “guilt-free” donut.
By Food Dive Staff • April 26, 2024 -
Mondelēz seeks to work with tech startups focused on ingredients, packaging and sustainability
The snacking giant said the companies it partners with as part of its incubator program will provide early access to new capabilities to develop breakthrough products and platforms.
By Christopher Doering • April 24, 2024 -
Coca-Cola to spend $1.1B to use Microsoft’s cloud, AI services
The beverage giant is exploring the use of the technology to streamline its operations, foster innovation, boost efficiency and discover growth opportunities.
By Christopher Doering • April 23, 2024 -
Hydrox planning antitrust lawsuit against Oreo parent Mondelēz
The cookie’s owner, Leaf Brands, accuses the snacking giant of intimidating retailers and instructing workers who restock shelves to hide, misplace or move Hydrox to less desirable locations.
By Christopher Doering • April 22, 2024 -
Constellation Brands distances itself from cannabis company Canopy Growth
The Modelo brewer is converting its shares and withdrawing from the cannabis producer’s board, its latest move to distance itself from its failed $4 billion investment.
By Chris Casey • April 22, 2024 -
Glanbia buys Flavor Producers for $300M
The Irish ingredients company said the acquisition will enhance its organic and natural flavor capabilities in the U.S.
By Chris Casey • April 18, 2024 -
Red Baron pizza owner looks to Korean food for its next $1B offering
Sales from its Bibigo brand, which offers everything from fried rice to frozen dumplings, have jumped more than 1,100% since 2019 amid growing demand for the East Asian cuisine.
By Christopher Doering • April 17, 2024 -
Daring’s new CEO sees the company as a ‘bright spot’ in a contracting category
The plant-based chicken producer is focusing on profitability while bringing a clean ingredient product to the masses.
By Elizabeth Flood • Updated April 15, 2024 -
Constellation outperforms Wall Street estimates amid beer boost
While the alcohol giant’s margins in the category are improving, it also saw an 8% decline in its wine and spirits portfolio last quarter.
By Chris Casey • April 12, 2024 -
Sèchey expands curated nonalcoholic beverage range at Target
Brands now part of the big-box retailer’s assortment of alcohol alternatives include Kin Euphorics, Ghia, De Soi, Mingle, Free AF and Edna’s.
By Howard Ruben • April 10, 2024 -
Hain Celestial sells Thinsters cookie brand to Dippin’ Dots owner
The divestiture to J&J Snack Foods for an undisclosed amount allows the organic and natural products giant to streamline its portfolio and reduce debt.
By Christopher Doering • April 9, 2024 -
Former Starbucks CEO Howard Schultz invests in Tony’s Chocolonely
The producer of slave-free chocolates said it will benefit from the coffee chain executive’s “extensive experience” in building a global consumer brand and company.
By Christopher Doering • April 3, 2024 -
After collapse of Cooks Venture, chicken farmers look for answers
Poultry growers face stress and financial hardship from the sudden closure of an Arkansas-based company. State intervention made things worse, they say.
By Nathan Owens • April 3, 2024 -
Cooks Venture tried to raise chickens better. Then 1M birds were killed.
Arkansas farmers were left to pick up the pieces following the unexpected closure of a poultry company known for its free-range chickens.
By Nathan Owens • April 2, 2024 -
Feeding Gen Z involves embracing the discord
The generation born between 1997 and 2012 is crucial for success in today's food industry. New research shows how this demographic's interests buck the norm.
By Alexandra Frost • April 2, 2024 -
Protein bar maker Aloha gets $68M from venture fund
Semcap Food & Nutrition, which makes minority investments in better-for-you brands like Purely Elizabeth and Good Culture, will help the plant-based business scale.
By Chris Casey • April 2, 2024