Beer controversy exacerbates 16% drag in Ardagh’s North American glass shipments

The company is progressing on a planned 15% net reduction in North American glass capacity amid market factors such as lower beer demand, including at customer AB InBev’s brand Bud Light.

By Maria Rachal • Aug. 2, 2023

Plant-based meat alternatives continue decline in sales

Alternative meat sales in U.S. retail locations have fallen by 19.8% year-over-year, according to data from Circana.

By Elizabeth Flood • July 31, 2023

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Inside the functional beverage frenzy

Major companies like PepsiCo and Monster are adding ingredients to boost emotional or physical wellness as consumers demand more out of their drinks.

By Food Dive staff

Nestlé taps startup to advance regenerative agriculture in beef production

The CPG will work with Grassroots Carbon to pay ranchers for practices that restore soil health and reduce emissions.

By Sarah Zimmerman • July 31, 2023

Anheuser-Busch lays off hundreds of corporate employees

The job cuts follow months of declining sales for Bud Light, which was dethroned as the best-selling beer in the country after the controversy involving Dylan Mulvaney.

By Chris Casey • July 27, 2023

Eat Meati expands footprint with Whole Foods launch

The mushroom root-based meat alternative continues to scale its fully vertically integrated manufacturing capabilities to support its rapid growth in both retail and food service locations.

By Elizabeth Flood • July 27, 2023

Kellogg files separation form with SEC

The snacking giant took the next step toward splitting into two businesses, one focusing on cereal and the other on snacking.

By Chris Casey • July 26, 2023

Former Mondelēz exec launches $80M agtech startup fund

Gil Horsky, who led the CPG's venture capital arm, is helping start Flora Ventures, a new fund to invest in food sustainability.

By Nathan Owens • July 25, 2023

How craft beer saturation led to Anchor Brewing’s demise

The oldest brewery in the U.S. fell victim to a crowded market and high costs as it tried to remain relevant to younger consumers, a Marcum executive told Food Dive.

By Chris Casey • July 25, 2023

Keurig Dr Pepper pays $300M for 33% stake in La Colombe, strikes licensing deal

The beverage giant has been deepening its ties to fast-growing companies with a presence in premium and trendy offerings, having previously invested in Athletic Brewing and C4 Energy drink maker Nutrabolt.

By Christopher Doering • July 20, 2023

USDA teams with states to crack down on anti-competitiveness in food

The department will work with more than 30 attorneys general to address practices viewed as unfriendly to consumers, even as economists remain mixed on consolidation’s effect on inflation.

By Sarah Zimmerman • July 19, 2023

JBS plans to list shares in U.S.

The meat giant announced it will pursue a dual listing strategy on the New York Stock Exchange and the São Paulo Stock Exchange, which it believes will attract a wider array of investors.

By Chris Casey • July 13, 2023

Grocery inflation drops below 5%

Food-at-home prices increased in June at a 4.7% annual clip, down from 5.8% in May, the U.S. Bureau of Labor Statistics reported Wednesday. Overall inflation declined to 3%.

By Sam Silverstein • July 12, 2023

Meati’s wide scale retail launch is here with Dots distribution deal

The mushroom root meat being added to Dot Foods’ catalog is not just a big win for the mycelium maker, it’s also a sign that alternative proteins are moving into their next phase of ubiquity.

By Rose Palazzolo • July 12, 2023

Traceability company Oritain raises $57M to spur growth

Food and beverage producers, such as A2 Milk and Nestlé’s Nescafe, depend on the firm to assure customers that the items they purchase are genuine and sourced ethically.

By Christopher Doering • July 12, 2023

Oatly taps Mars alum for CFO

Marie-Jose David comes to the financial helm of the oat milk maker as the company looks to get “aggressive” this year.

By Elizabeth Flood • July 10, 2023

Insect protein company Ynsect names insider as CEO

Shankar Krishnamoorthy, who joined the company in 2021, takes over from co-founder Antoine Hubert. He will be responsible for overseeing the expansion of the fast-growing business.

By Christopher Doering • July 10, 2023

Upcycled chicken producer Do Good Foods files for bankruptcy

The two-year-old company is the latest food business to file in the last month, following AeroFarms and Tattooed Chef, as upstarts struggle with a challenging economic environment.

By Chris Casey • July 10, 2023

Mars to buy healthy meal maker Kevin’s Natural Foods for an undisclosed amount

The fast-growing startup, which makes chef-inspired sous-vide meals, sides and sauces using whole foods and simple ingredients, will continue to operate as a standalone business.

By Christopher Doering • July 5, 2023

Modelo dethroned Bud Light in America — here’s what the numbers say

While recent controversy played a role in the uncrowning, Modelo’s long-term strategy may have more to do with its success.

By Sara Karlovitch • July 5, 2023

Tattooed Chef to file for bankruptcy, plans to sell assets

The company, which entered the public markets in 2020, has been struggling with declining revenue, inflationary pressures, a shrinking cash stockpile and a slowdown in the plant-based sector.

By Christopher Doering • July 5, 2023

Kellogg’s snacking business can rival competitors after split, CEO says

Steve Cahillane expressed optimism about the future of the CPG giant, pointing to strength in its iconic brands such as Cheez-It and Pringles.

By Chris Casey • June 30, 2023

Equal sweetener owner Whole Earth receives buyout offer of $4 per share

Martin Franklin, who already owns 21% of the business, would combine it with Royal Oak Enterprises, a maker of charcoal. Whole Earth pledged to review the offer. 

By Christopher Doering • June 29, 2023

Monster Beverage set to buy Bang Energy for up to $362M

A court filing showed the closure of the deal is being slowed by a review from the Federal Trade Commission. Bang warned it could be forced to liquidate if the transaction collapses.

By Christopher Doering • June 29, 2023

McCormick & Co. names insider Brendan Foley as CEO

The CPG veteran, who joined the flavor and spice company in 2014 and most recently served as its COO, will take over on Sept. 1 from outgoing chief Lawrence Kurzius. 

By Christopher Doering • June 29, 2023

Jilted by Constellation Brands, Aperitif maker Haus finds new life after acquisition

The Naked Market purchased the low-alcohol aperitifs maker for an undisclosed amount and is re-launching it online. The brand shut down last year after a $10 million funding round fell through.

By Christopher Doering • June 29, 2023