Corporate Operations: Page 107
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Kellogg's Incogmeato challenges skeptics with Postmates sampling, animal influencers
A phased strategy playfully goads flexitarians to overcome their fears that plant-based meat won't taste good, and arrives as parent company Kellogg ramps up marketing in the second half of 2020.
By Natalie Black (Koltun) • Aug. 31, 2020 -
Nestlé buys peanut-allergy treatment maker in $2.6B deal
The acquisition of Aimmune Therapeutics would significantly boost the Swiss company's large health-science business focused predominantly on dietary management.
By Christopher Doering • Aug. 31, 2020 -
Explore the Trendline➔
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TrendlineHow AI is transforming the food and beverage industry
Companies are leaning on the technology across nearly all parts of their operations, from marketing to product design.
By Food Dive staff -
Deep Dive
Big CPGs struggle to gain market share during COVID-19 despite sales boost
IRI data shows while large manufacturers grabbed shelf space at the height of the pandemic, upstarts are taking advantage of out-of-stocks and demand for variety to win it back.
By Christopher Doering • Aug. 31, 2020 -
Retrieved from Snacks.com on May 12, 2020
OpinionAs food brands experiment with DTC, seamless customer service can't be overlooked
Brad Birnbaum at Kustomer said shipping to a person's home can create stronger relationships and brand loyalty, but companies need to do more to maintain that connection.
By Brad Birnbaum • Aug. 28, 2020 -
Coca-Cola to offer buyouts to 4,000 employees, with layoffs to follow
The beverage giant is streamlining its operations to avoid duplication, help with innovation and get products to market more quickly.
By Christopher Doering • Aug. 28, 2020 -
Darigold names executives to drive its new ingredients business
The Pacific Northwest farmers' co-op, which decided to move into the space two years ago, will build a factory to manufacture these products.
By Jessi Devenyns • Aug. 27, 2020 -
Sovos Brands acquires better-for-you pancake brand Birch Benders
The deal will expand Sovos' portfolio in the breakfast category, which also currently includes Noosa yogurt.
By Jessi Devenyns • Aug. 27, 2020 -
Refrigerated bar maker Clio Snacks closes $8M funding round
The chocolate-wrapped Greek yogurt bar doubled its sales compared to last year and increased distribution points 57%.
By Jessi Devenyns • Aug. 27, 2020 -
Good Karma buys its majority stake back from bankrupt Dean Foods
The plant-based milk brand also raised new capital in a funding round from Valor Siren Ventures and existing investor 2x Consumer Products Growth Partners.
By Lillianna Byington • Aug. 25, 2020 -
Lightlife urges Impossible Foods and Beyond Meat to clean up their labels
In an ad in several newspapers, the 41-year-old company says its burger made with 11 easily recognized ingredients represents a future that is "cleaner, tastier, and nutritionally superior."
By Megan Poinski • Updated Aug. 26, 2020 -
How 3 Black-owned businesses created companies where CPG giants weren't looking
As protests across the country have led to a racial reckoning in the food space, this series features startups who have filled holes created by an industry long criticized for its lack of diversity.
By Lillianna Byington • Aug. 24, 2020 -
'Just scraping by': Partake Foods' fight to fund its allergen-friendly cookie business
After emptying her savings to get the company off the ground, Denise Woodard finally landed big name investors, including Jay-Z's Marcy Venture Partners, and has substantially grown its retail presence.
By Lillianna Byington • Aug. 24, 2020 -
Iya Foods founder leverages her Nigerian roots to tap into a new market
When CEO Toyin Kolawole noticed there wasn't adequate representation for African-inspired flavors on U.S. grocery shelves, she began pitching her products at trade shows and to buyers.
By Lillianna Byington • Aug. 24, 2020 -
Why A Dozen Cousins created 'soulfully seasoned beans'
Ibraheem Basir hopes his products like Cuban Black Beans and Trini Chickpea Curry will help make the natural foods space more accurately reflect the diversity in the U.S.
By Lillianna Byington • Aug. 24, 2020 -
Coca-Cola names company veteran to head its North American business
Alfredo Rivera, president of its Latin American group and a 23-year veteran of the beverage giant, replaces Jim Dinkins, who is retiring.
By Christopher Doering • Aug. 24, 2020 -
Hostess and Flowers Foods reportedly interested in buying Otis Spunkmeyer owner
Aryzta, based in Switzerland, has been trying to turn things around for a few years. It recently hired investment firm Rothschild & Co. to review strategic options.
By Jessi Devenyns • Aug. 24, 2020 -
Drizly raises $50M as e-commerce alcohol delivery surges
The company says it has grown more than 350% this year, while achieving sustained profitability during the pandemic.
By Christopher Doering • Aug. 21, 2020 -
A2 Milk's revenue jumps 91% in US
The New Zealand company attributed the increase in consumer demand to expanded distribution, new packaging and a national TV advertising campaign.
By Lillianna Byington • Aug. 21, 2020 -
Retrieved from Brach's on August 21, 2020
ColumnLeftovers: Brach's cooks up Turkey Dinner Candy Corn; SuperPretzel brings arena treats to consumers' freezers
The sweet Thanksgiving in a bag has flavors representing six popular dishes at the traditional November feast, and Godiva thinks bigger by making its products small.
By Food Dive staff • Aug. 21, 2020 -
Retrieved from Foodarom on August 20, 2020
Glanbia acquires custom flavor designer Foodarom for $45M
The Canadian firm boasts a flavor library of more than 15,000 recipes with both liquid and powder applications.
By Jessi Devenyns • Aug. 20, 2020 -
PepsiCo taps head of World Trade Organization for C-suite role
Roberto Azevedo will hold the newly created chief corporate affairs officer position, which brings the snack and beverage giant's public policy, government affairs and communications under one umbrella.
By Christopher Doering • Aug. 20, 2020 -
Lever VC raises $23M to invest in early-stage alternative protein companies
The new fund, founded by early backers of Impossible Foods and Beyond Meat, plans to complete between 20 and 25 investments that range from $200,000 to $1 million.
By Jessi Devenyns • Aug. 20, 2020 -
Just is on track for profit and potential IPO, Reuters reports
CEO Josh Tetrick told the outlet that a bump in plant-based egg sales due to stay-at-home orders could turn a profit for the company next year.
By Megan Poinski • Aug. 20, 2020 -
Retrieved from Hint on August 19, 2020
Flavored-water maker Hint raises $25M in its latest funding round
The company looks to capitalize on the momentum it has established during the pandemic and use the funds to grow sales and distribution.
By Jessi Devenyns • Aug. 19, 2020 -
Food waste coalition launches with 14 manufacturers and retailers
The group, whose members include General Mills, Kellogg and Nestlé, targeted cutting global food loss per capita in half by 2025.
By Lillianna Byington • Aug. 19, 2020