Finances and Deals


  • goodpop hydration pops
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    Courtesy of GoodPop
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    Column

    Leftovers: GoodPop brings brain freezes to hydration category | ‘TikTok’s First Family’ debuts new popcorn flavors

    The better-for-you frozen treats maker launched Hydrating Freezer Pops while Tyson leans into home cooking with its latest chicken launches.

    By Food Dive staff • June 14, 2024
  • Music star Dolly Parton enters wine with her latest product launch.
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    Permission granted by Accolade Wines
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    Column

    The Weekly Sip: L.A. Libations to launch startup beverage incubator | Dolly Parton, Snoop Dogg debut alcohol offerings

    The incubator announced a new venture to help brands grow quicker, and the music superstars aim to impress drinkers with their latest products.

    By Food Dive staff • June 13, 2024
  • cannabis
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    Lauren DeCicca via Getty Images
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    From lager to leaf: Behind Green Thumb’s bid for Boston Beer merger

    Joining forces could allow the new entity to innovate in categories including edibles and drinks, the cannabis company’s CEO said.

    By June 13, 2024
  • Mondelēz International and Lotus Bakeries enter into a strategic partnership.
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    Courtesy of Mondelez International
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    Mondelēz and Biscoff owner Lotus Bakeries partner to develop new products

    The companies will create offerings that meld the flavor and texture of the popular cookie with Mondelēz's Cadbury, Milka and other chocolate brands.

    By June 13, 2024
  • coffee
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    Retrieved from La Colombe.
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    Q&A

    Inside Chobani’s integration of its $900M acquisition of La Colombe

    The Greek yogurt giant has spent $30 million to improve its La Colombe plant in Michigan and to increase pay and benefits for the coffee brand’s workforce.

    By June 12, 2024
  • The Better Meat Co. Rhiza mycoprotein
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    Permission granted by The Better Meat Co.
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    The Better Meat Co. reduces its mycelium production costs by 30%

    The Sacramento, California-based company is looking to provide its Rhiza ingredient to large food companies at scale with its new production process.

    By June 11, 2024
  • Hogs raised on an Illinois farm.
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    Scott Olson via Getty Images
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    Prop 12 offsets ‘big pop’ in pork market, expert says

    Increased demand from Mexico and other trading partners is keeping prices afloat as domestic consumption sags.

    By Nathan Owens • June 10, 2024
  • A grocery store's baking aisle is out of flour in June 2020.
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    Megan Poinski/Food Dive
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    Opinion

    Can agile supply chains ease pressures for FMCGs?

    To best navigate the fallout of geopolitical conflicts, inflation and unpredictable demand, CPGs should look toward cultivating an adaptable strategy.

    By Katy Gallagher • June 5, 2024
  • anchor brewing
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    Justin Sullivan via Getty Images
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    Chobani founder and CEO buys Anchor Brewing

    Billionaire Hamdi Ulukaya purchased the oldest craft brewery in the U.S., which closed last year, for an undisclosed amount.

    By June 3, 2024
  • bodyarmor
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    Courtesy of BodyArmor Sports Nutrition
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    Q&A

    Inside the nonalcoholic beverage incubator big and small companies turn to for advice

    L.A. Libations, which has served as an accelerator for Body Armor, Core and Athletic, has a reputation for spotting trends and helping nascent brands navigate the growing popularity of booze-free drinks.

    By June 3, 2024
  • hormel jennieo turkey
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    Courtesy of Hormel
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    Turkey pressures Hormel profits

    Despite challenges from bird flu and inflation weighing on its sales, the Minnesota-based company saw gains in Planters, Corn Nuts and other snacks.

    By May 31, 2024
  • Coconuts after being pressed into an oil product
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    Fascinadora via Getty Images
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    CoreFX Ingredients acquires dry powder company Connoils

    The ingredients supplier is preparing to expand its R&D efforts and customer reach with the addition to its portfolio.

    By May 30, 2024
  • Lactalis' new Kraft Sheds products that reached shelves in 2024.
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    Courtesy of Lactalis USA
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    How Lactalis brought new life to Kraft natural cheese after $3.2B purchase

    After acquiring the unit in 2021, the Parmalat maker spent months studying the brands to identify growth opportunities and unique innovations it could bring to the market.

    By May 30, 2024
  • slice suja life
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    Permission granted by Suja Life
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    Suja Life to relaunch cult classic soda Slice with gut health reformulation

    The new iteration of the lemon-lime drink, first launched by PepsiCo in 1984, will compete with prebiotic carbonated sodas like Poppi and Olipop.

    By May 29, 2024
  • gutzy
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    Courtesy of Gutzy
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    Gutzy taps into gut health craze with prebiotic pouches

    The brand, which launched in 2019, aims to dominate the prebiotic snacks lane as consumers continue to prioritize wellness.

    By May 21, 2024
  • Signage is seen at a Nestle facility June 19, 2006 in Franklin Park, Illinois.
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    Tim Boyle via Getty Images
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    Nestlé debuts new brand for consumers using GLP-1 drugs, managing weight

    Vital Pursuit is the first major U.S. brand to be launched by the food giant in nearly three decades. The line’s frozen pizza, sandwiches and bowls will reach stores by October.

    By May 21, 2024
  • Packaged meat is displayed at a grocery store.
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    Drew Angerer / Staff via Getty Images
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    On Special: Chicken sales cook as prices fall

    Grocers are leaning into the protein as it continues to resonate with price-sensitive shoppers.

    By Catherine Douglas Moran • Updated May 20, 2024
  • A woman stands in a supermarket aisle.
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    Adene Sanchez via Getty Images
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    Food prices prompting a ‘consumer revolution’ through intricate homemade dishes

    As inflation continues, a Circana expert said people are looking for more opportunities to bring a restaurant experience in home.

    By May 20, 2024
  • GOOD Meat's cultivated chicken product, GOOD Meat 3
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    Courtesy of GOOD Meat
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    Eat Just’s Good Meat becomes first cultivated item on retail shelves

    The offering, which is available in Singapore, uses 3% of cultivated chicken cells. It allows the company to lower production costs and sell the product at a competitive price.

    By May 17, 2024
  • An end display in Target's grocery section features boxes of Pop-Tarts with a sign saying "Sale! Kellogg's Pop-Tarts frosted pastries 12-ct; When you buy 2; 2/$6"
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    Mario Tama via Getty Images
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    CPG promotional activity unevenly impacts packaging suppliers

    Boxboard producers stand to benefit the most as consumer packaged goods companies shift away from their recent “value over volume” strategy, according to a Truist Securities analyst.

    By Katie Pyzyk • May 17, 2024
  • patrick mahomes sport coffee
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    Courtesy of Throne Sport Coffee
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    Column

    The Weekly Sip: NFL’s Patrick Mahomes enters RTD iced coffee | Diageo steeps itself in Smirnoff tea

    The Kansas City Chiefs quarterback aims to score with a better-for-you beverage offering, and canned hard tea brand Loverboy seeks to make a splash with its Walmart launch.

    By May 16, 2024
  • sea smoke vineyards wine
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    Courtesy of Constellation Brands
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    Constellation buys Santa Barbara vineyard in higher-end wine push

    The beverage giant purchased California-based Seasmoke’s pinot noir and chardonnay as it builds its portfolio of premium wines.

    By May 14, 2024
  • A worker stands in the distance as plant-based patties come down the line at a Beyond Meat factory
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    Courtesy of Beyond Meat
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    Beyond Meat CEO sees 2024 as a ‘pivotal year’ despite grim Q1 results

    The plant-based pioneer had its eighth straight quarter of revenue declines, but Ethan Brown is confident sales will pick up in the second half of the year.

    By May 10, 2024
  • Packages of Green Giant frozen peas and corn are displayed at a supermarket.
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    Justin Sullivan via Getty Images
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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 May 9, 2024
  • A hand holds a bundle of herbs above a fiery double-decker grill with Meati Steaks and Cutlets with grill marks on the bottom left, asparagus on the bottom right, and a frying pan of stir fry and corn
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    Courtesy of Meati Foods
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    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 May 8, 2024