Corporate Operations: Page 231
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Cargill takes a stake in cell-cultured meat startup Memphis Meats
The protein giant didn't disclose the size of the investment, but it was part of $17 million in funding that also included Richard Branson and Bill Gates.
By Emma Liem Beckett • Aug. 23, 2017 -
Smithfield spends $100M to expand North Carolina pork facility
The move, which comes a week after Tyson Foods said it was investing $84 million to expand and upgrade a Tennessee poultry plant, shows growing consumer demand for protein.
By Erika Kincaid • Aug. 23, 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 -
Blue Apron institutes temporary hiring freeze and fires workers
The staffing announcement comes as the meal kit pioneer has been hit with the departure of its COO, multiple lawsuits and a 50% drop in its stock price since its June 29 IPO.
By Christopher Doering • Aug. 23, 2017 -
Walmart expands Uber grocery delivery
With this latest move, the retail giant seeks to emphasize time and money-saving practices as other grocers challenge it for market share.
By Daphne Howland • Aug. 22, 2017 -
Report: Meijer restructures IT amid major grocery shifts
The move could affect up to 10% of department jobs as competition heats up in the food retail sector.
By Dan O'Shea • Aug. 22, 2017 -
Welch's re-launches soda, including grape-flavored fan favorite
As beverage makers race to reformulate the bubbly drink with less sugar and more natural sweeteners, the juice manufacturer's fruit flavors could give it a competitive health halo.
By Sandy Skrovan • Aug. 22, 2017 -
Target remodels stores to focus on freshness and shopper experience
Changing up the music, adding LED lights and moving produce and grab-and-go items to the front are just a few adjustments the retailer hopes will increase sales.
By Jeff Wells • Aug. 22, 2017 -
Opinion
Digital transformation for food manufacturing — a recipe for success
With companies under pressure to get new products to market faster, Jerry Browning, a senior advisor at IFS North America, has advice on how to make that happen.
By Jerry Browning • Aug. 22, 2017 -
Partnership aims to boost 3-D food printing use in professional kitchens
CSM Bakery Solutions and 3D Systems are working together on the development, sale and distribution of the futuristic product.
By Erika Kincaid • Aug. 22, 2017 -
Aldi reels in fresh-focused customers with discounted fish
Steep discounts on wild-caught salmon is another example of how the discounter is targeting high-value shoppers and expanding its fresh assortment.
By Jeff Wells • Aug. 21, 2017 -
B&G buys SnackWell's and Back to Nature for $162.5M
The two better-for-you brands started out under Mondelez's umbrella and were operated as a joint venture between the manufacturer and private equity firm Brynwood Partners.
By Megan Poinski • Aug. 21, 2017 -
Walmart seeks a patent for a futuristic floating warehouse
The blimp-style ship further escalates the online war with Amazon, and could save the brick-and-mortar retailer time and money on last-mile delivery.
By Jeff Wells • Aug. 21, 2017 -
Nestle's Poland Spring bottled water is awash in fraud controversy
A class-action lawsuit claims the beverage maker uses common ground water, which differs from the sourcing depicted in the product's name, label and marketing campaigns.
By Sandy Skrovan • Aug. 21, 2017 -
Deep Dive
Express Lane: Inside Aldi's push to dominate discount retailing in the US
The hard discounter is softening its image through remodels while aggressively building stores in competitive regions across the country.
By Jeff Wells • Aug. 21, 2017 -
Target needs big ideas to grow its struggling grocery division
The retailer has made improvements to its supply chain and organic assortment, but it has faced challenges increasing sales in a highly competitive market.
By Jeff Wells • Aug. 18, 2017 -
Analyst: Hershey will benefit from millennials' love of snacking
As consumer eating habits change, the chocolate maker is positioning for growth by transforming to fit today's eating habits.
By Sandy Skrovan • Aug. 18, 2017 -
AmazonFresh gets high marks in recent consumer survey
Market research firm Field Agent found 80% of respondents received their orders in excellent condition, and 57% said they would very likely use the service again.
By Jeff Wells • Aug. 18, 2017 -
Bud Light and Tostitos look to score with NFL-themed packaging
A growing number of companies are overhauling their cans, bottles and boxes to attract local crowds and give their products a better opportunity to stand out in a crowded marketplace.
By Erika Kincaid • Aug. 18, 2017 -
Hormel expands foodservice business with $425M Fontanini buy
While the purchase is not the multibillion-dollar deal hinted at by the CEO earlier this year, it’s a strategic pickup that will help round out its foodservice portfolio.
By Sandy Skrovan • Aug. 18, 2017 -
Online grocery boosts Walmart's e-commerce sales in latest quarter
The retailer's click-and-collect service, available at more than 900 stores, should help the company compete against Amazon-Whole Foods.
By Jeff Wells • Aug. 18, 2017 -
PepsiCo seeks to patent stevia production process
The beverage giant has uncovered a low-cost method to produce Reb M, a less bitter and more sugary-tasting strain of the plant-based sweetener.
By Sandy Skrovan • Aug. 17, 2017 -
Walmart grocery posts strongest quarterly comp sales in 5 years
Its most recent earnings report showed the retail giant is gaining market share thanks to its e-commerce growth and omnichannel efforts — but that’s coming at a price.
By Daphne Howland • Aug. 17, 2017 -
Instacart's growth unscathed by Amazon-Whole Foods deal
With a flurry of retailer partnerships forged this summer, the company appears to be benefiting from the blockbuster acquisition.
By Jeff Wells • Aug. 17, 2017 -
Can scandal-plagued JBS's plans for an IPO succeed?
The global meat giant is again aiming to go public in 2018, but recent legal and financial challenges could make that difficult to carry out.
By Megan Poinski • Aug. 17, 2017 -
SpartanNash distribution business remains strong while retail and military struggle
The company said consolidated net sales increased to $1.89 billion, but it faced challenges in its Fresh Kitchen facility, which assembles and packages prepared foods.
By Jeff Wells • Aug. 17, 2017
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