Finances and Deals: Page 7
-
Constellation sued for allegedly misleading shareholders on wine sales
The suit claims the alcohol giant, which saw its sales in the category drop 7% last year, deceived investors and mishandled funds.
By Chris Casey • April 23, 2025 -
Courtesy of J.M. Smuckers
Deep DiveAisle hopping: Why major food and beverage brands are entering new parts of the grocery store
Nestlé, Kraft Heinz and J.M. Smucker are among the CPG giants leveraging the brand equity of well-known products to expand into different categories, boost recognition and grow sales.
By Christopher Doering • April 16, 2025 -
Explore the Trendline➔
Spencer Platt via Getty Images
TrendlineInside 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 -
Brandon Bell via Getty Images
Cal-Maine to buy breakfast foods manufacturer for $258M
The purchase of Echo Lake Foods gives the country’s largest egg producer more of a presence in processed foods, while limiting exposure to volatile commodity prices.
By Sarah Zimmerman • April 15, 2025 -
Getty Images
Constellation offloads wines amid projected double-digit sales drop, tariff uncertainty
The strategy by the Robert Mondavi and Kim Crawford owner to focus on premium offerings mirrors a similar strategy it has with beer.
By Chris Casey • April 15, 2025 -
Mario Tama/Getty Images via Getty Images
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 Chris Casey • Updated April 15, 2025 -
Justin Sullivan via Getty Images
ColumnThe 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 Chris Casey • April 10, 2025 -
Courtesy of Lobos 1707 Tequila
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 Chris Casey • April 8, 2025 -
Courtesy of SunnyD
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 Chris Casey • April 7, 2025 -
Retrieved from LesserEvil.
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 Christopher Doering • April 3, 2025 -
Permission granted by Hain Celestial
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 Christopher Doering • March 31, 2025 -
Courtesy of Fresh Del Monte
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 Christopher Doering • March 26, 2025 -
Courtesy of Flowers Foods
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 Christopher Doering • March 25, 2025 -
(Photo by Christopher Furlong/Getty Images) via Getty Images
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 Christopher Doering • March 20, 2025 -
Christopher Doering/Food Dive
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 -
Courtesy of Poppi
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 Chris Casey • March 17, 2025 -
Permission granted by Lotus Bakeries
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 Christopher Doering • March 14, 2025 -
Courtesy of BeatBox
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 Chris Casey • March 14, 2025 -
Courtesy of Arla Foods
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 Sarah Zimmerman • March 13, 2025 -
Scott Olson via Getty Images
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 Chris Casey • March 7, 2025 -
Sean Gallup via Getty Images
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 -
Justin Sullivan via Getty Images
ColumnThe 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 Chris Casey • March 6, 2025 -
Justin Sullivan via Getty Images
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 Christopher Doering • March 5, 2025 -
Christopher Doering/Food Dive
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 Christopher Doering • March 5, 2025 -
Permission granted by Celsius
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 Christopher Doering • March 3, 2025 -
Courtesy of Spindrift
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 Chris Casey • Feb. 26, 2025
Previous
