The Latest
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Courtesy of Bayer AG
Bayer enters the strawberry market with UK acquisition
NIAB’s strawberry breeding program allows the biotech giant to develop a wide range of genetics and crop protection products.
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Courtesy of Coca-Cola
Coca-Cola’s BodyArmor launches hydration powders at retail
The product, which is aimed at rapid hydration, is part of the beverage giant’s efforts to make the $1 billion brand a bigger player in larger, faster-growing categories.
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CFO Editorial Staff
Tyson, Perdue under investigation following reports of child labor at slaughterhouses
The poultry companies face a federal probe after a New York Times Magazine article detailed a 14-year-old being maimed by equipment at a Virginia plant.
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Permission granted by Mike's Hot Honey
Q&ATalking hot honey, scale and how to create a buzz with Mike Kurtz, founder of Mike’s Hot Honey
The sweet-heat trend has been around for ages. But this unique product, at first paired with pizza, developed a brand new food category and helped create the swicy category.
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Courtesy of Coca-Cola
Coca-Cola’s Fairlife still sourcing milk from abusive farms, animal rights group claims
The beverage giant disputed the claim from Animal Recovery Mission, saying the two operations and its owner are not suppliers for the dairy product, which has more than $1 billion in annual sales.
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Retrieved from Morningstar Farms on September 25, 2023
Kellogg seeks omnivore consumers’ attention with new plant-based burger
The MorningStar Farms owner is looking to recreate the taste and texture of animal-based burgers.
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Courtesy of JBS S.A.
JBS begins work on lab-grown meat center in Brazil
The Biotech Innovation Center, slated for completion next year, builds on the meatpacker’s effort to expand its portfolio and become a force in the growing cultivated protein sector.
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Permission granted by Mini Melts
From a high school project to taking on Dippin’ Dots: How Mini Melts is heating up ice cream
Sales are growing 35% annually and within striking distance of $100 million in the next 18 months as the brand enters new stores and regions, its CEO said in an interview.
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Courtesy of Diageo
Diageo taps former Tyson, Clif Bar exec as North American CEO
Sally Grimes, who led the poultry giant’s $10 billion prepared foods division and led the snacking brand to its nearly $3 billion sale to Mondelēz, joins the Guinness maker as it continues to boost its premium offerings in the U.S.
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Courtesy of Hidden Valley Ranch
ColumnLeftovers: Hidden Valley Ranch spices up meals with crunch sauce | Hershey brings seltzer sensation to Ice Breakers
The dressing brand’s collaboration with This Little Goat lets consumers boost the flavor of their favorite foods, and Chex Mix aims to satisfy the late-night munchies with pizza and taco options.
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Mario Tama via Getty Images
Big food’s regenerative agriculture pledges mostly just talk
Most businesses lack quantitative targets to reach their goals and only a few of them offer financial commitments to support farmers, according to a FAIRR investor network report.
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Permission granted by Meati Foods
Meati Foods reduces staff by 10% as it focuses on profitability
The fermented meat company said the layoffs were not a result of the demand it has seen for its products.
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George Frey via Getty Images
Consumers back diet colas from Coke, PepsiCo despite aspartame’s possible ties to cancer
Since May, consumption intent for top brands in the category grew by 2%, outpacing regular sodas, according to a HundredX survey.
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Courtesy of DSM-Firmenich
DSM-Firmenich unveils pH-preserving yogurt cultures
The ingredients giant said its new line will help producers create mild, creamy varieties of the dairy product that stay fresh longer.
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Courtesy of Impossible Foods
Slumping demand forces 2 California plant-based startups to close
Hooray Foods and Nowadays join a growing list of companies in the category that have gone out of business or scaled back their growth plans.
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Joe Raedle via Getty Images
Keurig Dr Pepper names ex-Mondelēz exec Tim Cofer as CEO
He will join the beverage maker as its COO on Nov. 6 before transitioning to the top post in the second quarter of 2024, replacing long-time head Bob Gamgort.
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Kat Wade via Getty Images
Potential Hormel strike looms after Minnesota workers reject contract offer
Union members at the Spam maker’s largest facility say the company’s record profits are not being "shared fairly" with its employees.
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Christopher Doering/Food Dive
Hershey expands executive ranks with first chief technology officer
Deepak Bhatia, who previously worked at Amazon, brings expertise in automation, supply chain and artificial intelligence to the Reese’s manufacturer.
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Courtesy of The Bettering Company
Why Bettering saw an opening for luxury edibles
The company, which recently launched in Illinois, says its gummies contain minimal ingredients such as brewed tea and real fruits that prioritize a more consistent infusion of THC into the products.
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Retrieved from Strong Roots on September 20, 2023
Q&A8 questions with Strong Roots founder and CEO Sam Dennigan
From an Irish farm to the frozen aisle section, Sam Dennigan credits his love of art and food for the success of his plant-based frozen brand.
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Courtesy of Chamberlain Coffee
How Chamberlain Coffee aims for broad appeal while catering to Gen Z
The viral brand, launched online in 2020 by YouTube star Emma Chamberlain, has expanded into retail while touting attributes popular across generations, such as accessibility and sustainability.
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Courtesy of Steakholder Foods
Food tech venture capital deal sizes decline for the first time in seven years
Despite the drop, the number of investments increased to 268 in the second quarter as activity rebounded following the collapse of Silicon Valley Bank in March, according to a PitchBook report.
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Permission granted by Mondelez International
Mondelēz quietly winds down brands it created in its SnackFutures VC arm
The snacking giant said it no longer sells Dirt Kitchen and CaPao, with the venture capital division shifting its focus to investing in already established startups.
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Courtesy of Goodles
Goodles refreshes leadership as it brings in $13M in Series A funding
The food brand known for its “better-for-you” boxed mac and cheese named a new CFO, chief marketing officer and senior vice president of sales.
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Pierre Crom via Getty Images
Dairy industry teams with cybersecurity group to beef up defenses
As cyber crimes become more prevalent, the International Dairy Foods Association joins other food companies in efforts to share information and bolster protections.
