Finances and Deals: Page 2
-
Courtesy of Mondelez International
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 Christopher Doering • June 13, 2024 -
Retrieved from La Colombe.
Q&AInside 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 Christopher Doering • June 12, 2024 -
Permission granted by The Better Meat Co.
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 Elizabeth Flood • June 11, 2024 -
Scott Olson via Getty Images
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 -
Megan Poinski/Food Dive
OpinionCan 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 -
Justin Sullivan via Getty Images
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 Chris Casey • June 3, 2024 -
Courtesy of BodyArmor Sports Nutrition
Q&AInside 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 Christopher Doering • June 3, 2024 -
Courtesy of Hormel
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 Chris Casey • May 31, 2024 -
Fascinadora via Getty Images
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 Elizabeth Flood • May 30, 2024 -
Courtesy of Lactalis USA
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 Christopher Doering • May 30, 2024 -
Permission granted by Suja Life
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 Chris Casey • May 29, 2024 -
Courtesy of Gutzy
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 Chris Casey • May 21, 2024 -
Tim Boyle via Getty Images
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 Christopher Doering • May 21, 2024 -
Drew Angerer / Staff via Getty Images
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 -
Adene Sanchez via Getty Images
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 Chris Casey • May 20, 2024 -
Courtesy of GOOD Meat
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 Elizabeth Flood • May 17, 2024 -
Mario Tama via Getty Images
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 -
Courtesy of Throne Sport Coffee
ColumnThe 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 Chris Casey • May 16, 2024 -
Courtesy of Constellation Brands
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 Chris Casey • May 14, 2024 -
Courtesy of Beyond Meat
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 Elizabeth Flood • May 10, 2024 -
Justin Sullivan via Getty Images
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 -
Courtesy of Meati Foods
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 -
Drew Angerer via Getty Images
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 -
Courtesy of Impossible Foods
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 -
Courtesy of Kellanova
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
Previous
