PepsiCo CFO Hugh Johnston leaving for Disney

The finance veteran will be replaced by James Caulfield, who has worked at the company for more than 30 years and has been “instrumental” in growing and transforming its business.

By Christopher Doering • Nov. 6, 2023

Leftovers: DiGiorno brings pizza to Thanksgiving | Pringles unveils caviar collaboration

The Nestlé-owned brand is launching a limited-edition pie ahead of Turkey Day, and Stok is bringing cold brew into winter with a peppermint mocha flavor.

By Food Dive staff • Nov. 3, 2023

Explore the Trendline➔

Mergers and acquisitions

Declining sales and slowing consumption have more companies divesting brands, opening the door for smaller players and private equity firms to expand their portfolios.  

By Food Dive staff

Kraft Heinz names Pedro Navio president of North American operations

The CPG veteran will take over the position from Carlos Abrams-Rivera, who was recently named incoming CEO at the Lunchables and Velveeta cheese manufacturer.

By Christopher Doering • Nov. 2, 2023

PepsiCo’s Doritos brand creates technology to ‘silence’ its crunch

The software, aimed at gamers annoyed by the sound from other players, used artificial intelligence and machine learning to analyze more than 5,000 crunches.

By Christopher Doering • Nov. 2, 2023

Ocean Spray debuts zero sugar varieties as juice category fractures

With many consumers abandoning sugary fruit beverages for healthier alternatives, leading brands are working to win them back by cutting out sugar.

By Chris Casey • Nov. 1, 2023

Bud Light boycott weighing on AB InBev but beer giant sees signs of optimism

CEO Michel Doukeris told analysts that over 40% of lapsed consumers of the brand said they are now more open to drinking it again.

By Christopher Doering • Nov. 1, 2023

Leftovers: AriZona chills out with ice pops | Tillamook celebrates holidays with new flavors

The tea brand is entering the freezer aisle for the first time with three flavors, and J&J Snack Foods is bringing a pub classic to retail with Bavarian Soft Pretzel Sticks.

By Food Dive staff • Oct. 27, 2023

Keurig Dr Pepper enters sports hydration with Electrolit partnership

The deal brings the soda, water and coffee giant into the fast-growing $11 billion category that it called “a key white space” for the company.

By Christopher Doering • Oct. 26, 2023

Nestlé expands Coffee mate creamer into fast-growing iced coffee

The product, which is available in French vanilla and caramel, is the first major innovation for the brand since its inception more than 60 years ago.

By Christopher Doering • Oct. 26, 2023

Keurig Dr Pepper to invest $100M in South Carolina coffee facility

The project, which is expected to be completed by 2027, will help the beverage giant expand its coffee roasting and manufacturing capabilities.

By Christopher Doering • Oct. 25, 2023

How Gen Z’s ‘promiscuous’ relationship to beverages is changing the industry

As alcohol moderation rises, a desire for drinks to fit a multitude of occasions drive the generation’s purchases, according to experts.

By Chris Casey • Oct. 18, 2023

Coca-Cola Company and Pernod Ricard partner on Absolut Vodka with Sprite

The pre-mixed cocktail will be available in regular and Zero Sugar, with the initial launch planned for select European countries in early 2024.

By Christopher Doering • Oct. 17, 2023

Ocean Spray targets hiring in tech transformation push

The project seeks to enable IT across the business, according to the beverage maker’s Chief Digital and Technology Officer.

By Lindsey Wilkinson • Oct. 13, 2023

Founders Brewing Co. aims to overcome beer saturation using consumer data

As tastes evolve, the Michigan-based brewer is using sales data to help it create unique formulations and one-of-a-kind brews, including the fruity, hoppy varieties in its All Day series.

By Chris Casey • Oct. 13, 2023

Advancing nutrition, taste and texture in plant-based dairy alternatives

Dairy industry trade bodies and dairy companies are on the offensive. Their target: the nutritional profile of plant-based alternatives.

Oct. 11, 2023

PepsiCo monitoring impact of weight loss drugs, but says early impact on sales is ‘negligible’

CEO Ramon Laguarta told analysts there are “a lot of question marks” when it comes to the impact Ozempic and other similar medicines will have on his beverages and snacks business.

By Christopher Doering • Oct. 11, 2023

Celsius CEO on keeping a disruptor’s edge and staying focused on Gen Z

The energy drink brand remains committed to the 18-to-24 demographic on an increasingly broad stage that now includes a national MLS sponsorship.

By Peter Adams • Oct. 10, 2023

Molson Coors works with Gen Z to craft fizz-free spiked refreshers

Furthering its portfolio innovation strategy, the beverage giant said it developed Happy Thursday, a non-carbonated offering, with insights from a panel of young consumers.

By Chris Casey • Oct. 9, 2023

Coca-Cola to sharply cut distribution of Aha sparkling water as sales decline

The company told Food Dive it sees growth potential in the category with its premium brand Topo Chico.

By Chris Casey • Oct. 9, 2023

Nestlé nutritional insight could soon benefit its iconic food brands

A top executive overseeing its vitamins, minerals and supplements segment said there are opportunities to “complement” other parts of the CPG giant’s $103 billion global business.

By Christopher Doering • Oct. 5, 2023

Molson Coors looks to premium alcohol in pursuit of aggressive sales growth

The beverage giant, which has expanded its portfolio to include whiskey and ready-to-drink tea, is aiming to get one third of its revenue from upscale offerings.

By Chris Casey • Oct. 4, 2023

Liquid Death hires ex-White Claw executive as its first chief commercial officer

With the water brand reportedly considering an IPO in 2024, Stephen Ballard will be responsible for growing sales by bringing the beverage into new retailers and markets.

By Christopher Doering • Oct. 3, 2023

Inside Curaleaf’s mission to permeate beverage space with cannabis

With its Zero Proof Squeeze line of beverage enhancers, the cannabis maker told Food Dive it is looking to reach the growing number of young consumers who are less interested in traditional drinks.

By Chris Casey • Oct. 2, 2023

Nestlé vows to increase sales of healthier foods by 2030

The world’s largest food company said it wants to boost sales of better-for-you products by as much as $27.3 billion by the end of this decade, a 50% increase from 2022.

By Christopher Doering • Sept. 29, 2023

Leftovers: Nestlé, Kellogg make waffles and cereal drinkable | Stella Rosa’s ‘swicy’ wine brings the heat

The CPG giants aim to capture the essence of sweet morning staples with Sensations flavored milk products; plant-based brand Tindle enters breakfast with sausage.

By Food Dive staff • Sept. 29, 2023