Corporate Operations: Page 174
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UNFI's Q4 profits fall due to freight costs, customer mix
The wholesaler's revenue for the quarter rose 10.7% to $2.59 billion, but earnings per share came in at 76 cents — below the 86 cents Wall Street projected.
By Jeff Wells • Sept. 21, 2018 -
Kid-focused meal kit maker Yumble raises $7M
The funding, lead by Krave Jerky founder Jon Sebastiani and Danone Manifesto Ventures, will fuel the company's marketing efforts and a national expansion.
By Jacqueline Renfrow • Sept. 21, 2018 -
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 -
JUST partners with Brinc for Asian food tech accelerator
The San Francisco-based manufacturer will give those chosen by the Hong Kong-based venture group access to its R&D pipeline, materials and data to create new products for consumers there.
By Megan Poinski • Sept. 21, 2018 -
Firmenich will acquire Senomyx, enters into distribution deal with Layn
The San Diego-based acquired company develops flavors and high-intensity sweeteners, while the Chinese firm produces monk fruit and stevia extracts and other functional botanicals.
By Cathy Siegner • Sept. 20, 2018 -
PureCircle sues SweeGen over stevia patent
The complaint claims the company infringed on a legally protected method of making Reb M, the glycoside inside the sweetener's leaf that produces a sugar-like taste with zero calories.
By Cathy Siegner • Sept. 20, 2018 -
Grocers help the Carolinas recover from Hurricane Florence
Retailers are opening as soon as they are able and stepping up to support relief efforts.
By Jessica Dumont • Sept. 20, 2018 -
Instacart CEO says the company needs to improve its relationship with workers
At the Code Commerce conference in New York City, Apoorva Mehta admitted the grocery delivery service has made mistakes and that bettering relations with its 50,000 shoppers is a "core focus."
By Jacqueline Renfrow • Sept. 20, 2018 -
Hershey launches new mobile insights center for retailers
The new 53-foot tractor trailer has begun its tour across the U.S. to share the company's e-commerce findings and marketing strategies with stores.
By Lillianna Byington • Sept. 20, 2018 -
How might Amazon's cashier-free store blitz impact supermarkets?
Citing anonymous sources, Bloomberg reported that the company plans to build as many as 3,000 locations similar to its Go stores by 2021.
By Alicia Kelso • Sept. 20, 2018 -
From DTC to IRL: Why Dirty Lemon is taking the retail plunge
The Instagram darling has thrived online, but CEO Zak Normandin believes the brand’s new cashierless "Drug Store" will yield stronger customer relationships — and better shopper data.
By Emma Liem Beckett • Sept. 20, 2018 -
Q&A
Shipt's CMO on life with Target and the e-commerce site's future
Harley Butler said the four-year old delivery company is rapidly growing, with national expansion plans and a goal to sign up tens of thousands of new shoppers this year.
By Christopher Doering • Sept. 20, 2018 -
Artisanal trend infiltrating the ingredients space
A 28% global CAGR in the sector during the past five years, according to Innova Market Insights research, has prompted more food and beverage manufacturers to expand their offerings.
By Cathy Siegner • Sept. 20, 2018 -
Premium meat snacks are attracting beefy investments
Country Archer Jerky and Stryve Biltong have raised $10 million each from capital investment firms as consumer demand for snackable protein grows.
By Cathy Siegner • Sept. 19, 2018 -
Perdue Farms overhauls chicken packaging to lure millennials
The rebrand marks the fourth major update in its history, highlighting key messages and product attributes like cage-free and no hormones or steroids.
By Patti Zarling • Sept. 19, 2018 -
General Mills posts sales gains even as its North American business lags
Sales in the division, which drives most of the food manufacturer's revenue, fell $2.1% to $2.39 billion as U.S. snacks, yogurt and meals and baking all declined during the first quarter.
By Emma Liem Beckett • Sept. 18, 2018 -
Schnucks will buy 19 Shop 'n Save locations from Supervalu
The deal, which will increase the grocer's store count by roughly 20%, includes outlets in the St. Louis area along with four fuel centers.
By Jeff Wells • Sept. 18, 2018 -
Sponsored by Arla Foods
Arla's award-winning cheddar is a fresh story to tell in a dairy
Arla® Cheddar Cheese can be a key to profitability and differentiation in the dairy aisle. Here’s how.
Sept. 18, 2018 -
Coca-Cola looks to enter cannabis-infused beverages market
The soda maker and Aurora Cannabis are reportedly in talks to develop the drinks. A deal would follow major investments in the space by alcohol giants such as Constellation Brands and Molson Coors.
By Jessi Devenyns • Sept. 18, 2018 -
Quaker Oats aims to heat up oatmeal sales by touting health
Executives at PepsiCo found they can't just assume consumers know the popular breakfast staple is good for them, prompting the food and beverage company to do more to promote the product's benefits to shoppers.
By Patti Zarling • Sept. 18, 2018 -
Nestlé will use satellites to protect palm oil supply chain from deforestation
The Swiss company said the monitoring service will document land cover changes and forest cover disturbances by the end of this year.
By Cathy Siegner • Sept. 17, 2018 -
Peapod bets on meat with new online butcher shop
The e-grocer also signed an exclusive deal with specialty purveyor Meats by Linz to bring the Chicago supplier's products directly to consumers.
By Alicia Kelso • Sept. 17, 2018 -
Makers of healthier chocolate look to challenge the industry
At Expo East, founders at organic chocolate companies said their better-for-you treats are beginning to take a bite out of the traditional market.
By Lillianna Byington • Sept. 17, 2018 -
Q&A
Once upon a bunny: John Foraker on his journey in the organic food space
The CEO of Once Upon a Farm, who helped take the category mainstream, talks about why the brand became successful, where organic is going next and tomorrow's powerhouse brands.
By Megan Poinski • Sept. 17, 2018 -
Tyson CEO Tom Hayes to step down
Hayes will depart at the end of the month due to personal reasons, the company announced Monday. Noel White, the company's current beef, pork and international group president, will succeed him.
By Emma Liem Beckett • Sept. 17, 2018 -
Kroger consolidates Mariano's and Roundy's divisions
Several top executives who were closely tied to former Roundy's CEO Bob Mariano, including Mariano's president Don Rosanova, will depart.
By Jeff Wells • Sept. 17, 2018