Finances and Deals: Page 3

  • In this photo illustration, bottles of Modelo Especial beer sit on a table.
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    Mario Tama/Getty Images via Getty Images
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    Constellation says Trump’s immigration crackdown is hurting sales of Modelo, Corona

    Deportation threats and the potential of job losses have led to decreased spending among Hispanic consumers who make up half of the company’s beer sales.

    By • Updated April 15, 2025
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    Justin Sullivan via Getty Images
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    Column

    The Weekly Sip: Monster slams claims that stock is overvalued | Starbucks debuts new energy drink lineup

    In other beverage news, Diageo is spicing up its Captain Morgan canned malt cocktails with four ‘sweet heat’ flavors.

    By • April 10, 2025
  • Mergers and acquisitions Explore the Trendline➔
    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
  • lobos 1707
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    Courtesy of Lobos 1707 Tequila
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    Diageo swaps Cîroc US ownership for LeBron James-backed tequila

    The spirits maker is offloading the vodka brand following its negative association with Sean “Diddy” Combs.

    By • April 8, 2025
  • SunnyD
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    Courtesy of SunnyD
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    Guatemalan conglomerate buys owner of SunnyD, Juicy Juice

    Castillo Hermanos will acquire Harvest Hill Beverage Company as it looks to gain a foothold in the U.S.

    By • April 7, 2025
  • Hershey buys LesserEvil snacks.
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    Retrieved from LesserEvil.
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    Hershey to buy healthier snacks maker LesserEvil

    The purchase of the popcorn, puffs and curls maker adds a fast-growing brand to its portfolio while bringing the Pennsylvania company into new categories and eating occasions.

    By • April 3, 2025
  • Products made by Hain Celestial
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    Permission granted by Hain Celestial
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    How the health and wellness boom is fueling Hain Celestial’s transformation

    CEO Wendy Davidson said the Sleepytime Tea maker needed to first stabilize its business and boost innovation before it could tap into movements such as GLP-1 use.

    By • March 31, 2025
  • fresh del monte rubyglow
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    Courtesy of Fresh Del Monte
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    Fresh produce giant Fresh Del Monte strikes deal to enter high-value specialty ingredients

    The purchase of a majority stake in avocado oil supplier Avolio also will help the fruit and vegetable giant boost margins and improve its sustainability efforts.

    By • March 26, 2025
  • Packages of Wonder's new snack cakes.
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    Courtesy of Flowers Foods
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    Wonder moves beyond bread with the launch of snack cakes

    Flowers Foods said the new line of donuts, honey buns, cupcakes and cinnamon rolls is its first major extension in the brand’s 104-year-old history.

    By • March 25, 2025
  • unilever-brand
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    (Photo by Christopher Furlong/Getty Images) via Getty Images
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    Unilever to sell plant-based brand The Vegetarian Butcher as it focuses its portfolio

    The divestiture comes as the CPG company prioritizes fewer, bigger brands to spur growth. It’s expected to divest its ice cream business in 2025.

    By • March 20, 2025
  • Jars of Rao's pasta sauce at a Washington, D.C. grocery store.
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    Christopher Doering/Food Dive
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    Consumers worry tariffs will hit grocery prices the hardest: report

    New findings from Intuit Credit Karma show half of U.S. consumers have changed their spending habits in anticipation of tariffs, led by Gen Z and millennial shoppers.

    By Catherine Douglas Moran • March 20, 2025
  • poppi
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    Courtesy of Poppi
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    PepsiCo buys prebiotic soda brand Poppi for nearly $2B

    The deal boosts the food and beverage company's health-focused portfolio as consumers demand more better-for-you options.

    By • March 17, 2025
  • A package of Biscoff cookies.
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    Permission granted by Lotus Bakeries
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    Mondelēz and Biscoff parent expand partnership into ice cream

    The snack makers are planning to introduce frozen novelties that combine flavors of the caramelized biscuit with chocolates such as Milka and Cadbury.

    By • March 14, 2025
  • shaq beatbox
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    Courtesy of BeatBox
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    Shaq invests in RTD cocktail brand BeatBox Beverages

    The NBA star collaborated on a new flavor from the maker of extremely alcoholic fruit punches and lemonades.

    By • March 14, 2025
  • The exterior of a Valley Queen building is seen
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    Courtesy of Arla Foods
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    Danish dairy giant inks deal to manufacture whey protein in US

    Arla Foods will rely on a South Dakota-based processor to produce its ingredients as the co-op looks to expand in North America.

    By • March 13, 2025
  • Jack Daniel's whiskey bottles displayed on shelf
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    Scott Olson via Getty Images
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    Jack Daniel’s owner says Canada pulling alcohol from stores ‘worse than a tariff’

    The CEO of Brown-Forman said he's worried the move by retailers, a retaliatory measure against Trump's trade policies, could spread to Europe where its impact would be more severe.

    By • March 7, 2025
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    Sean Gallup via Getty Images
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    Mars pledges $27M to slash dairy emissions

    The confectionery giant is partnering with New Zealand-based dairy co-operative Fonterra to fund more sustainable farming practices.

    By Kelly Stroh • March 6, 2025
  • monster energy
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    Justin Sullivan via Getty Images
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    Column

    The Weekly Sip: Monster’s bet on alcohol stumbles | Sparkling Ice maker pops into prebiotic soda

    In other beverage news, seltzer brand Waterloo debuts new fruity flavors to welcome the start of spring.

    By • March 6, 2025
  • Boxes of General Mills cereal are displayed on a grocery store shelf.
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    Justin Sullivan via Getty Images
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    General Mills shuts down innovation unit, pauses venture investments

    The Cheerios maker said the changes are part of a broader shift in how the Minnesota company pursues new growth.

    By • March 5, 2025
  • Jars of Rao's pasta sauce at a Washington, D.C. grocery store.
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    Christopher Doering/Food Dive
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    Food and beverage giants prioritizing small-scale M&A for a foothold in trendy areas

    Kraft Heinz, Hershey and Molson Coors are among the firms looking for deals to boost sales and get them more exposure in fast-growing categories.

    By • March 5, 2025
  • Celsius, energy drink
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    Permission granted by Celsius
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    Celsius names PepsiCo executive to newly created COO role

    Eric Hanson, who has nearly three decades of experience in the food and beverage industry, will be responsible for accelerating the energy drink giant’s growth and expansion efforts.

    By • March 3, 2025
  • spindrift soda
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    Courtesy of Spindrift
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    Spindrift splashes into soda to capitalize on the better-for-you craze

    The seltzer maker aims to stand out in the trendy category with fresh juice-infused drinks, eschewing the gut-health approach of rivals.

    By • Feb. 26, 2025
  • U.S. President Donald Trump and Canadian Prime Minister Justin Trudeau participate in a joint news conference in the East Room of the White House on February 13, 2017 in Washington, D.C.
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    Alex Wong via Getty Images
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    Threat of Trump’s tariffs force food and beverage giants to prepare

    Mondelēz, Conagra and Diageo are among the CPG manufacturers positioning their businesses ahead of potential taxes on Mexico and Canada imports.

    By • Feb. 24, 2025
  • Celsius energy drinks at a convenience store in Boca Raton, Florida
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    Christopher Doering/Food Dive
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    Celsius buys energy drink rival Alani Nu for $1.8B

    The purchase allows Celsius to add a fast-growing beverage popular with young women while better positioning it to compete against rivals Red Bull and Monster.

    By • Feb. 20, 2025
  • heineken bottles
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    Justin Sullivan via Getty Images
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    Heineken, Molson Coors tout premium and nonalcoholic brews as beer struggles

    Traditional giants are prioritizing pricier craft brands to secure growth in the flailing category.

    By • Feb. 19, 2025
  • Liquid ingredients are seen
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    Retrieved from Solina on February 13, 2025
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    French ingredients supplier Solina expands further into US with seasoning acquisitions

    The company wants to become a “one-stop shop” for dry and liquid flavors following the purchase of Sokol Custom Food Ingredients and Advanced Food Systems.

    By • Feb. 13, 2025