Corporate Operations: Page 202
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CEO Boer: Ahold Delhaize is 'well ahead' of e-commerce competition
The retailer's chief executive said he is optimistic about the company’s competitive position because of its experience with home delivery through its Peapod unit.
By Dan Alaimo • March 1, 2018 -
Report: Grocery openings declined 28.8% last year
Major chains are curbing growth and focusing on existing stores, while grocery-anchored shopping centers are expanding.
By Jeff Wells • Feb. 28, 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 -
Coca-Cola cutting up to 350 management positions
The beverage giant plans to start laying some people off on Wednesday, with the rest of the job cuts coming during the next few months as part of a company-wide reorganization.
By Cathy Siegner • Feb. 28, 2018 -
B&G Foods' sales lag forecast, company remains on the lookout for deals
The New Jersey-based food manufacturer posted strong results in its Green Giant frozen products division in 2017, but faced challenges in maple syrup and its Ortega brand.
By Cathy Siegner • Feb. 28, 2018 -
Deep Dive
Hormel Foods CEO: 'We haven't stopped looking' for acquisitions
Jim Snee, whose firm spent $1.4 billion on three deals in 2017, said the company's M&A targets include businesses that are global, multi-cultural, on-the-go and focused on health.
By Christopher Doering • Feb. 28, 2018 -
Perfect Day, a maker of cow-free dairy proteins, raises $24.7M in funding
The ag-tech startup has patented its production process, which involves taking food-grade yeast and adding DNA sequences from dairy cows to create ingredients found in milk.
By Cathy Siegner • Feb. 27, 2018 -
Report: Dick Boer will step down as Ahold Delhaize CEO
Frans Muller, the former Delhaize CEO, may soon take the top job. European news reports have given few clues as to the reason for the change.
By Dan Alaimo • Feb. 27, 2018 -
Dean Foods announces 'right-sizing' initiative as Q4 sales slide
While the Texas-based producer of DairyPure, TruMoo and Organic Valley hasn't addressed it, the plan "to consolidate its plant network" is likely to involve a reduction in its workforce.
By Cathy Siegner • Feb. 27, 2018 -
Deep Dive
As CPGs struggle, McCormick CEO calls flavor demand a 'tailwind' for company
McCormick's sales are projected to increase 12% to 14% during its current fiscal year — an enviable growth rate in the food and beverage space.
By Christopher Doering • Feb. 27, 2018 -
Taking the fight to Amazon, Sam's Club partners with Instacart
The deal increases the Walmart division's e-commerce footprint as it refocuses in the wake of 63 store closures announced in January.
By Cathy Siegner • Feb. 26, 2018 -
Meal-planning app expands into disease prevention
PlateJoy, which partners with Instacart, added a weight-tracking and virtual-coaching app to its personalized meal planning platform so people with prediabetes might avoid developing the disease.
By Cathy Siegner • Feb. 26, 2018 -
Instacart withheld tips and overcharged some customers due to system glitch
In a blog post, CEO Apoorva Mehta said the bug impacted less than 1% of shoppers, and that the company will repay those impacted.
By Jeff Wells • Feb. 26, 2018 -
Califia Farms expands reach in plant-based segment with drinkable yogurt
The maker of almond milk is optimistic its new product containing probiotics and catering to on-the-go consumers concerned about what is in the food they eat will be a hit this spring.
By Erika Kincaid • Feb. 26, 2018 -
Brookshire Grocery buying 8 Louisiana Winn-Dixie stores
The transaction could be the first sale for the beleaguered Southeastern Grocers' subsidiary Bi-Lo, which is reportedly heading for another bankruptcy.
By Dan Alaimo • Feb. 26, 2018 -
Deep Dive
Sugar's future tastes sweet despite health push, competing sweeteners
The U.S. is the largest consumer of the ingredient in the world, but that hasn't stopped CPG companies from reducing their use of the carbohydrate or altering it as people try to eat healthier.
By Erika Kincaid • Feb. 26, 2018 -
Deep Dive
Despite its name, Campbell Soup CEO says it's more than 'a one-trick pony'
In an interview at CAGNY, Denise Morrison said the CPG manufacturer once considered renaming the company to better reflect its breadth of products, which include snacks, organic and fresh foods in demand with consumers.
By Christopher Doering • Feb. 26, 2018 -
Naked brand reaches for a piece of the snacks market
This rollout is the latest big move in the bar category following Mars' acquisition of a minority stake in Kind and Kellogg's purchase of the company that makes RXBar.
By Alicia Kelso • Feb. 23, 2018 -
General Mills to pay $8B for Blue Buffalo natural pet food maker
The acquisition, expected to close by the end of May, would make the food giant the leader in the U.S. natural pet food category.
By Cathy Siegner • Feb. 23, 2018 -
Deep Dive
Tyson Foods CEO hasn't ruled out acquiring Beyond Meat, other venture investments
While an outright purchase could eventually take place, Tyson is interested in helping nascent companies grow while gaining insight into new and emerging markets.
By Christopher Doering • Feb. 23, 2018 -
Sanderson Farms' Q1 net income jumps from higher prices, tax cut
The poultry producer said results benefited from higher market prices for dark meat products from its deboning plants, but prices were lower for white meat.
By Cathy Siegner • Feb. 22, 2018 -
Sprouts posts strong comps again as new stores excel
The natural and organic chain, which plans to open 30 new stores this year, saw same-store sales rise 4.6% while net sales grew to $1.1 billion.
By Jeff Wells • Feb. 22, 2018 -
Amazon Go reportedly plotting 6 more stores
After just a month open to the public, the early success of the cashier-less concept may spur more locations in Seattle and Los Angeles, sources told Recode.
By Corinne Ruff • Feb. 22, 2018 -
Boston Beer's Q4 sales drag on lower shipments, while tax cut boosts income
Sales of Samuel Adams and Angry Orchard brands were only somewhat offset by its Twisted Tea, Truly Spiked & Sparkling brands.
By Cathy Siegner • Feb. 22, 2018 -
Hormel reports Q1 earnings boost despite lagging turkey sales
The strongest performance during the most recent quarter was in the protein giant's Specialty Foods area — now merged with its Grocery Products segment — which reported an 8% profit rise.
By Cathy Siegner • Feb. 22, 2018 -
SpartanNash hits earnings expectations as distribution business grows
On the wholesale side, Spartan noted that its Fresh Kitchen facility will contribute more to its bottom line in 2018. It also aims to add more accounts and incremental sales with high-growth retailers.
By Jeff Wells • Feb. 22, 2018
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