Corporate Operations: Page 166


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    Hershey
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    Hershey sales rose 2.3% even as higher costs weigh on margins

    The company remains confident that upcoming holiday sales and its recent acquisition of Pirate Brands for $420 million will boost earnings for the year.

    By Jessi Devenyns • Oct. 25, 2018
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    Flickr
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    Nestlé USA chief hints more price increases may be on the horizon

    CEO Steve Presley said after responding too slowly to consumer trends and falling behind upstarts, large food companies like his have done a better job making their brands more relevant.

    By Oct. 25, 2018
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    Courtesy of Instacart
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    Trendline

    Top 5 stories from Food Dive

    The food and beverage industry is changing rapidly and the actions companies take this year are likely to play a major role in defining their future. 

    By Food Dive staff
  • Conagra to pause on big M&A as company digests Pinnacle deal

    The purchase, which was approved by shareholders on Tuesday, will create a company with $11 billion in sales and bring frozen brands such as Healthy Choice and Birds Eye under one roof. 

    By Oct. 24, 2018
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    Retrieved from Nestle on April 20, 2016
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    Nestlé investor survey suggests restlessness extends beyond activist Third Point

    Almost two-thirds said they would vote against the company's chairman, and 80% want it to be more active in getting rid of some business units.

    By Cathy Siegner • Oct. 24, 2018
  • Bantam Bagels bought for $34M cash by Lancaster Colony

    The frozen breakfast item maker, which rose to prominence with an appearance on "Shark Tank," does about $20 million in annual sales in grocery stores and Starbucks.

    By Cathy Siegner • Oct. 24, 2018
  • Green Giant Fresh launches new veggie bowls

    The company has added six varieties of the convenient meals, which are sold in microwave-safe containers in refrigerated produce sections nationwide.

    By Cathy Siegner • Oct. 23, 2018
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    Kite Hill
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    Kite Hill raises $40M, once again led by General Mills

    The plant-based dairy company will use the funds to spur brand growth and increase manufacturing capacity for yogurt, cheese and pasta.

    By Jessi Devenyns • Oct. 23, 2018
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    Constellation Brands
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    Constellation looks to sell US wine brands

    The maker of Modelo and Corona beers is reportedly hoping to make a deal for more than $3 billion, sources told Reuters. 

    By Lillianna Byington • Oct. 22, 2018
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    Honest Tea
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    Deep Dive

    The Honest truth: How a tiny tea company is poised to become one of Coca-Cola's next $1B brands

    As more stores carried its products and sports drinks, lemonades and kids beverages were added to the lineup, revenue has soared from $38 million a decade ago to more than $500 million today.

    By Oct. 22, 2018
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    Smashmallow
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    Column

    Leftovers: Treats sure to be a Halloween smash, creepy crisps

    Upscale candy gets into the fun-size game, bars get bakeable and a Chinese company decides to munch on spent silkworms.

    By Food Dive staff • Oct. 19, 2018
  • Kerry's consumer preference simulator aims for product sweet spot

    The Ireland-based company gathered views of 17 sweeteners to better understand how people perceive them across sports drinks, carbonated soft drinks, ice cream, flavored alcoholic malt beverages, granola bars and cookies.

    By Cathy Siegner • Oct. 18, 2018
  • Beyond Meat picks investment banks for IPO

    A public offering would be the first for the new generation of companies making meat-like products from plants, which are increasingly popular with consumers.

    By Oct. 18, 2018
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    Retrieved from Nestle on October 18, 2018
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    Nestlé's sales perk up 2.9% with growth in coffee and the North American sector

    CEO Mark Schneider said in a release that this quarter's increases were "supported by disciplined execution and faster innovation."

    By Lillianna Byington • Oct. 18, 2018
  • Time to ban dihydrogen monoxide? Consumers take clean label to extremes

    Some additives, artificial colors and flavors are being taken out of food products to appease shoppers who want healthy and recognizable ingredients.

    By Cathy Siegner • Oct. 18, 2018
  • Constellation chief to step down in March, COO to assume top post

    The change in the c-suite comes as the brewer of Corona and Modelo Especial makes a $4 billion bet on the burgeoning cannabis industry.

    By Oct. 18, 2018
  • Danone sales rise 1.4% amid strong demand for yogurt and plant-based foods

    While the French company faces ongoing challenges in other parts of its operations, segments known to consumers in North America continue performing well.

    By Oct. 17, 2018
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    Retrieved from General Mills on November 09, 2015
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    Big Food drops legacy brands to make way for new products

    Healthier consumer eating habits and increasing millennial and Gen Z influence are pushing manufacturers to cut slower-growing items.

    By Cathy Siegner • Oct. 16, 2018
  • Kellogg supports World Food Day push with digital drive on Amazon

    As more brands focus on cause-led marketing initiatives, Amazon can leverage the partnership to show how its platform bolsters those efforts.

    By Erica Sweeney • Oct. 16, 2018
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    Photo by Michael Browning on Unsplash
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    Commercial kitchen and distribution service Pilotworks shuts down overnight

    With no warning and no explanation, the much-celebrated incubator closed its doors, leaving 175 startups in the lurch. 

    By Jessi Devenyns • Oct. 16, 2018
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    Christopher Doering
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    Former Kellogg sub-distributors sue over logistics shift

    The once-downstream partners claim the manufacturer misrepresented its supply chain plans.

    By Edwin Lopez • Oct. 16, 2018
  • US beef exports hit record high, while pork faces challenges

    In August, the red meat sold to other countries exceeded $750 million for the first time. But tariffs from China and Mexico have hurt the white meat's sales.

    By Lillianna Byington • Oct. 15, 2018
  • Smucker looks to innovation and marketing to build brands

    The Ohio-based maker of Jif, Folgers and Crisco is relying on consumer insights and data to enhance new ideas and messaging for its products.

    By Cathy Siegner • Oct. 15, 2018
  • Q&A

    Tetra Pak thinking outside the box as sustainable packaging demand grows

    Gustaf Rabe, the company's VP of aseptic sales in the U.S. and Canada, discusses how it's embracing current trends through the use of plant-based plastics and modernized designs.

    By Krishna Thakker • Oct. 15, 2018
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    Back to the Roots
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    Deep Dive

    Better together: Why some food companies enter into partnerships

    In an industry that seems to be dominated by M&A, these agreements — often between companies that would otherwise be competitors — bring benefits to all involved.

    By Oct. 15, 2018
  • Glanbia buys SlimFast for $350M

    The Irish nutrition company is buying the former weight loss titan from Kainos Capital for about 15% of what Unilever paid for it in 2000.

    By Lillianna Byington • Oct. 12, 2018