Corporate Operations: Page 210
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Hormel's journey beyond meat production continues
President and CEO James P. Snee said that by 2020, the protein giant wants 15% of its net sales to come from items that were developed in the previous five years.
By Cathy Siegner • Sept. 18, 2017 -
Report: Amazon and Whole Foods to thrive by nabbing each other's customers
The recently merged company has the potential to bring together different kinds of consumers and open up a host of benefits in an effort to build and retain a huge loyal shopping base.
By Sandy Skrovan • Sept. 15, 2017 -
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 -
SpartanNash store remodel touts fresh food and craft beer
The grocer and food distributor bought Forest Hills Foods in 2012, reassuring customers and employees that no changes would be made to the beloved supermarket.
By Jeff Wells • Sept. 15, 2017 -
McCormick aims to show it's more than a spice company with new products
The Maryland-based business is branching out into gravy, bone broth and Asian noodle products, among other food items this fall.
By Cathy Siegner • Sept. 15, 2017 -
Kellogg's VC arm bets on mushroom protein company in $35M funding round
The investment comes as plant-based protein has emerged as a high-growth area in the food industry.
By Cathy Siegner • Sept. 14, 2017 -
Nestle acquires majority stake in Blue Bottle Coffee for $425M
The Swiss company further diversified its portfolio by buying 68% of the artisan java roaster and seller, just a week after it purchased plant-based food maker Sweet Earth.
By Cathy Siegner • Sept. 14, 2017 -
Bunge to pay $946M for a majority share of Malaysian palm oil manufacturer
CEO Soren Schroder called the deal a "game changer" for the company's profits, insisting that it had nothing to do with rebuffing the recent takeover attempt from Glencore.
By Cathy Siegner • Sept. 14, 2017 -
DanoneWave execs join Amplify as it aims to grow into 'multi-billion dollar' brand
The two new executives bring decades of experience in the food sector, including expertise in M&A and brand growth.
By Erika Kincaid • Sept. 14, 2017 -
Costco's Kirkland Signature growth pressures name brands
The club retailer makes no qualms about replacing items that fail to deliver on pricing and innovation with private label products, which already generate about 25% of store sales.
By Sandy Skrovan • Sept. 14, 2017 -
With $44M in funding, Ripple shows peas could be the future of dairy alternatives
The Silicon Valley startup has sold 2.5 million bottles of beverages made from yellow peas since it first appeared in the marketplace last April.
By Cathy Siegner • Sept. 14, 2017 -
United Natural Foods reports strong sales to finish out fiscal 2017
The wholesaler’s $2.34 billion in sales and $38.9 million in revenue beat estimates, though questions linger about its future following Whole Foods’ sale to Amazon.
By Jeff Wells • Sept. 14, 2017 -
Whole Foods opens new look 365 store in Ohio
The location is one of 17 under development, though some observers wonder about the format’s future under Amazon.
By Jeff Wells • Sept. 13, 2017 -
Avocado prices soar amid supply squeeze
A shortage of the product coming from Mexico is blamed for the higher cost — not the trendiness of the healthy green fruit among millennials.
By Erika Kincaid • Sept. 13, 2017 -
Hampton Creek obtains patent for unique plant protein scanning process
The company has automated a system for researching plant proteins by breaking them down to the molecular level and searching for desirable properties — like emulsification, protein content and thermal stability.
By Megan Poinski • Sept. 13, 2017 -
Opinion
The art of retail war: How to beat your competitors and dominate your category
Frank Brogie, who leads the content development team at Repsly, explains how food manufacturers can get their products on retail shelves and entice consumers to buy them.
By Frank Brogie • Sept. 13, 2017 -
Whole Foods saw a 25% traffic boost in the first two days of Amazon ownership
During the natural and organic retailer's first week under the e-commerce giant, share of visits at competitor Trader Joe’s dropped 1%, while Kroger’s fell 2.7%.
By Jeff Wells • Sept. 12, 2017 -
Florida grocery chains work to reopen following Hurricane Irma
Some supermarkets in the Sunshine State have bare shelves, damaged stores and a lack of power preventing them from resuming normal operations.
By Erika Kincaid • Sept. 12, 2017 -
Hostess aims to sweeten market share with innovative treats
In an effort to reposition itself in the crowded U.S. baked goods market, the snacks maker is introducing new products such as chocolate peanut butter Twinkies and cinnamon sugar crunch Donettes.
By Cathy Siegner • Sept. 12, 2017 -
The Fresh Market names Winn-Dixie veteran CEO
Larry Appel takes over for interim chief Brian Nicholson after the retailer's former leader Rick Anicetti left the natural and organic grocer in June.
By Jeff Wells • Sept. 12, 2017 -
Annie's founder joins organic baby food startup as CEO
After founding and then leading the well-known company for 17 years — including three years after its acquisition by General Mills — John Foraker now wants to create a "disruptive force" at Once Upon a Farm.
By Cathy Siegner • Sept. 12, 2017 -
Pilgrim's Pride buys poultry unit from parent JBS in $1.03B deal
The sale of Moy Park to a subsidiary comes as the scandal-plagued Brazilian company looks to pay for mounting legal costs following a corruption investigation.
By Cathy Siegner • Sept. 11, 2017 -
Kellogg focuses on e-commerce growth
By dropping the direct-store delivery model, the company is transitioning investment from traditional marketing and retail channels to focus more on digital and e-commerce.
By Sandy Skrovan • Sept. 11, 2017 -
Supervalu expects wholesaling to become 'dominant' strategy
At a conference, CEO Mark Gross said the company is increasingly focused on its distribution operations, which should bring in $11 billion annually compared to $5 billion from its stores.
By Jeff Wells • Sept. 11, 2017 -
Retrieved from Target on June 16, 2017
Target cuts prices on groceries and other consumables
In a blog post last week, chief merchandising officer Mark Tritton promised the retailer will lower prices on cereal, baby formula, paper towels and hundreds of other items.
By Jeff Wells • Sept. 11, 2017 -
Kroger withdraws private label lawsuit against Lidl
The two sides agreed to dismiss the suit filed in June with prejudice, meaning the biggest U.S. supermarket operator cannot revisit the case or file a similar lawsuit in the future.
By Jeff Wells • Sept. 11, 2017
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