Finances and Deals: Page 2
-
Shoppers aren’t changing their Thanksgiving meal plans but are seeking more savings
Price-conscious consumers say they’re willing to dig deeper to put holiday dinner on the table, but grocers still need to help them along with smart discounts, Circana noted in a report.
By Sam Silverstein • Nov. 6, 2023 -
Column
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 -
Beyond Meat slashes workforce as business model is under fire
The plant-based giant continues to face headwinds as consumers prioritize affordability.
By Elizabeth Flood • Nov. 3, 2023 -
Retrieved from Whole Foods Market on November 01, 2023
Consumers want the ‘plant’ back in plant-based: report
Whole Foods Market forecasted that more companies will focus on using clean ingredients in their products.
By Elizabeth Flood • Nov. 1, 2023 -
Hershey planning ‘higher levels’ of innovation for 2024, CEO says
Michele Buck said new offerings, including the launch of Reese’s Caramel, will play a large role in driving its overall business as well as increasing merchandising at retail.
By Christopher Doering • Nov. 1, 2023 -
‘Startup nation’ at war: How Israel’s food tech sector is handling upheaval
The country has been a hotbed for the tech sector, especially for food, but the Israel-Hamas war has put employee engagement and product development initiatives on hold.
By Elizabeth Flood • Nov. 1, 2023 -
Sanderson Farms cleared in blockbuster price-fixing case
A unanimous jury decision exonerated the chicken company in one of the largest antitrust cases involving the poultry industry.
By Nathan Owens • Oct. 30, 2023 -
Retrieved from Electrolit.
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 -
ADM rethinks scope of $300M plant-based investment
The market for alternative meat products has struggled with destocking and sluggish consumer demand in the past year.
By Nathan Owens • Oct. 25, 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 -
Q&A
Robotics can help food and beverage companies reach full potential, former Bai COO says
Barak Bar-Cohen, who launched a CPG manufacturing company this year specializing in “variety packs” for snacks and drinks, said his experience at the better-for-you beverage brand fueled his desire to revamp supply chains.
By Chris Casey • Oct. 24, 2023 -
Retrieved from Sovos Brands.
Campbell Soup’s $2.7B purchase of Sovos delayed after FTC seeks more information
The soup and snacks manufacturer said the acquisition of the Rao’s pasta sauce owner would likely close in mid-2024 instead of this year.
By Christopher Doering • Oct. 24, 2023 -
Deep Dive
The quiet dealmaker: How Post Holdings’ CEO went from selling men’s clothing to closing billion-dollar deals
Rob Vitale’s penchant for M&A and reputation as a strategic thinker has proven to be a shrewd fit for a 128-year-old business once looking to define its future. Nearly a decade in, he’s not done yet.
By Christopher Doering , Shaun Lucas • Oct. 23, 2023 -
Retrieved from Post Holdings.Deep Dive
Inside Post Holdings’ transformation from cereal slinger to a diversified CPG giant
The company's unconventional approach has created a nearly $6 billion operation that has a competitive presence in peanut butter, eggs and pet food.
By Christopher Doering , Jasmine Ye Han • Oct. 23, 2023 -
Retrieved from General Mills on October 18, 2023
How General Mills refreshed its fruit snack brands to fend off disruptors
Splashier assets and branding experiments seek to help products like Gushers stand out in the social media age, execs said at Advertising Week.
By Peter Adams • Oct. 20, 2023 -
Ferrara to purchase candy maker Jelly Belly for undisclosed amount
The deal would combine the jelly bean manufacturer with Ferrara’s portfolio of sweets such as Laffy Taffy, Red Hots and Brach’s.
By Christopher Doering • Oct. 19, 2023 -
Retrieved from Protix on October 18, 2023
Tyson Foods partners with insect protein startup to develop ingredient facility
The meat giant will work with Protix to construct a facility dedicated to insect protein items in the U.S., for use in pet food, aquaculture and livestock production.
By Chris Casey • Oct. 18, 2023 -
Retrieved from Bick's Pickles.
JM Smucker selling 4 condiment brands to TreeHouse Foods for $20M
Both CPGs have had a busy year buying and selling assets to focus their portfolios and gain scale in faster-growing categories.
By Christopher Doering • Oct. 18, 2023 -
Turkey prices could fall as Thanksgiving nears, but bird flu reemergence threatens flocks
Consumers will likely see lower prices for the holiday staple compared to last fall, according to a report, but the unpredictable avian flu remains a threat.
By Chris Casey • Oct. 11, 2023 -
Utz to close Pennsylvania factory
The closure is part of broader cost cutting moves across the snack maker’s network, which includes the sale of four sites.
By Joelle Anselmo • Oct. 11, 2023 -
Opinion
Guardians of the franchise: Safeguarding success in the competitive landscape
Since launching a new product offers only one chance at success, optimizing it to its fullest potential becomes crucial.
By Katie Fellows • Oct. 11, 2023 -
The image by Tony Webster is licensed under CC BY-SA 2.0
Smithfield to close North Carolina pork processing plant
The company said the move would help increase efficiency as the meat industry grapples with tightening margins.
By Sarah Zimmerman • Oct. 10, 2023 -
Cereal giant Post Holdings moves deeper into pet food with $235M acquisition
The purchase of Perfection Pet Foods gives the CPG giant, which entered the animal category for the first time in April, exposure to private-label and co-manufactured products.
By Christopher Doering • Oct. 10, 2023 -
Retrieved from The Coca-Cola Company on October 09, 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