Corporate Operations: Page 290
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Campbell's challenge of Progresso ads ends in split decision from NAD
Campbell claimed the ads implied that all of Progresso's ingredients were locally sourced.
By Carolyn Heneghan • April 8, 2016 -
US chocolate industry adapts to steadily slowing consumption
But because of consumer preference for premium chocolate coupled with rising cocoa prices, sales have continued to grow for a decade.
By Carolyn Heneghan • April 8, 2016 -
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 -
Cargill to receive $9M from Greater Omaha in E. coli case
The court ruled that Greater Omaha, which supplied the beef that Cargill made into hamburgers, must share financial blame.
By Carolyn Heneghan • April 7, 2016 -
ConAgra's revamp, cost-cutting support a profitable turnaround
Net income swung from a $954.1 million loss to a $204.6 million gain year over year.
By Carolyn Heneghan • April 7, 2016 -
In cost-cutting moves, Treehouse Foods, US Foods, Sensient to close facilities
US Foods asked the unions for $8 million in annual concessions. The unions said no.
By Carolyn Heneghan • April 7, 2016 -
Constellation Brands: Revenue, profits ride successes of beer segment
The company's beer acquisitions and Mexico brewery expansions have strengthened its position in the U.S. beer market.
By Carolyn Heneghan • April 6, 2016 -
Brewers Association's 2015 Top 50 list stable; shakeups to come
A handful of craft brewers had prorated 2015 volumes due to their full or stake acquisitions last year. They will be absent from the list next year.
By Carolyn Heneghan • April 6, 2016 -
TerraVia teams up with VMG Partners in algae-based product venture
The goal is to acquire or invest in promising companies that bring algae-based ingredients to the forefront of the better-for-you foods movement.
By Carolyn Heneghan • April 5, 2016 -
PepsiCo, General Mills, and ConAgra employ Amazon Dash button in e-commerce plans
The service is a key part of e-commerce strategies — with shelf-stable products primarily benefiting from the re-order buttons.
By Carolyn Heneghan • April 4, 2016 -
FDA remains quiet on listeria outbreak linked to Dole salads
The agency hasn't been as forthcoming with results from sample testing and facility inspections as it has in other outbreaks.
By Carolyn Heneghan • April 3, 2016 -
Hershey downgraded after commodity costs rise, sales slump
Analysts say the company's gross margin could take a tumble.
By Carolyn Heneghan • April 1, 2016 -
US Foods files for IPO
Since the failed merger with Sysco, the company has moved to expand and become more competitive.
By Carolyn Heneghan • April 1, 2016 -
South Korea's largest tofu maker Pulmuone purchases Vitasoy USA
The $50 million deal gives Pulmuone manufacturing and logistics benefits, as well as necessary sales and distribution infrastructure to reach the U.S. marketplace.
By Rachel Duran • March 31, 2016 -
PepsiCo's executive changes spark speculation about next CEO: Fortune
Hormel also announced management changes this week.
By Carolyn Heneghan • March 31, 2016 -
The plot thickens for potential McCormick takeover of Premier Foods
Premier said it's willing to share requested financials and have a discussion with McCormick to potentially negotiate a more appealing bid.
By Carolyn Heneghan • March 31, 2016 -
Deep Dive
Introducing key women investors who are disrupting food and beverage
Investments are a numbers game, which men and women are equally capable of playing, an investor said.
By Carolyn Heneghan • March 30, 2016 -
General Mills' 301 Inc. leads $1.25M investment in Tio Gazpacho
With this investment, 301 Inc. delves into a new segment that could turn around the soup industry through convenience and better-for-you ingredients.
By Carolyn Heneghan • March 30, 2016 -
Del Monte, Campbell to discontinue BPA use in packaging
Del Monte is also expanding its non-GMO portfolio after finding non-GMO alternatives for added ingredients like sweeteners and flavorings that were originally derived from GM corn and soybeans.
By Carolyn Heneghan • March 29, 2016 -
CAVU invests $7M in kombucha brand Health-Ade
Kombucha is being positioned as a better-for-you competitor to soda.
By Carolyn Heneghan • March 29, 2016 -
Acquisitions, cost-cutting prove profitable for McCormick
Expansion of its portfolio took a hit when British company Premier Foods rejected two offers.
By Carolyn Heneghan • March 29, 2016 -
Deep Dive
14 food and beverage CEOs' compensation for 2015
Total annual compensation jumped 138.8% for one executive and sank 42% for another.
By Carolyn Heneghan • March 29, 2016 -
Chobani class action stayed, awaits FDA decisions on 'natural,' 'evaporated cane juice'
This case and other related cases involving the "natural" label could face an indefinite hold while the FDA deliberates guidance for use of the term.
By Carolyn Heneghan • March 28, 2016 -
Ready Pac: We're looking for a buyer
Quality suitors would include those seeking fresh, convenient foods to add to their portfolios.
By Carolyn Heneghan • March 24, 2016 -
UPDATE: Coca-Cola discloses additional funding; funded nutrition researcher steps down
Coca-Cola alone disclosed $118.6 million spent on scientific research and health and fitness programs since 2010, as of last September.
By Carolyn Heneghan • March 24, 2016 -
Pinnacle's Gamgort heads to Keurig as CEO
Outgoing CEO Brian Kelley will join Keurig's board.
By David Oliver • March 23, 2016
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