Corporate Operations: Page 35
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Retrieved from Liquid Death.
Liquid Death names former PepsiCo, Coca-Cola exec to lead retail expansion
The appointment of Mike Fine comes as sales for the fast-growing beverage company hit a record $303 million for the year ending in June.
By Christopher Doering • Oct. 8, 2024 -
Courtesy of Chobani
Chobani expands high protein presence with new yogurt
The food manufacturer is appealing to a large audience with an abundance of the popular nutrient, natural ingredients and no added sugar.
By Christopher Doering • Oct. 8, 2024 -
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 -
Courtesy of Duckhorn Portfolio
Butterfly Equity to buy Duckhorn Portfolio wines for nearly $2B
The deal is part of a larger consolidation in the high-end wine category as brands adapt to harsh market conditions and changing consumer tastes.
By Chris Casey • Oct. 7, 2024 -
Courtesy of Moët Hennessy
Moët Hennessy invests in nonalcoholic wine brand
The luxury beverage maker’s partnership comes after it reported declining revenue in the sparkling wine category in the first half of 2024.
By Chris Casey • Oct. 7, 2024 -
Permission granted by J.M. Smucker
Q&AInside Smucker’s evolving relationship with US retailers
Robert Crane, who oversees sales, said the Uncrustables maker is collaborating more with stores following COVID-19, supply disruptions and inflation to make sure their strategies are aligned.
By Christopher Doering • Oct. 7, 2024 -
Permission granted by Campbell Soup Company
ColumnLeftovers: Pepperidge Farm rolls into fall | Hormel makes bacon cooking more convenient
The Campbell Soup baked goods brand unveiled rolls with stuffing seasoning, and Fresh Del Monte enters the dessert category with fruit-filled pudding cups.
By Food Dive staff • Oct. 4, 2024 -
Courtesy of Milk Specialties Global
How Milk Specialties Global CEO encourages innovation and creativity
David Lenzmeier said that while food fads come and go, consumers seeking products that are good for them is here to stay.
By Elizabeth Flood • Oct. 3, 2024 -
Courtesy of Kraft Heinz
Food companies have ‘bought the AI hype’ but some are unable to deliver: expert
While optimism remains, the chief technology officer at IFS said manufacturers should hone in on what they need to solve with artificial intelligence.
By Chris Casey • Oct. 3, 2024 -
Scott Olson via Getty Images
Former poultry growers sue Cooks Venture execs for operating ‘defacto ponzi scheme’
The failed startup, which positioned itself as a "next-generation food company," left farmers to pick up the pieces after the company shuttered last November, a lawsuit alleges.
By Nathan Owens • Oct. 3, 2024 -
Courtesy of Lamb Weston
French fry maker Lamb Weston to close plant, cut about 428 jobs
The restructuring comes as the supplier of frozen potato products faces sluggish demand for its offerings at restaurants and retailers.
By Christopher Doering • Oct. 2, 2024 -
Retrieved from Urban Legend.
Mondelēz’s VC arm buys minority stake in healthier doughnut brand
The investment in UK-based Urban Legend expands the Oreo maker's presence in the better-for-you bakery space and builds on efforts to expand in cakes and pastries.
By Christopher Doering • Oct. 1, 2024 -
Christopher Doering/Food Dive
PepsiCo to acquire tortilla-chip maker Siete Foods for $1.2B
The acquisition expands on the New York company’s efforts to improve the healthiness of its snacking portfolio as consumers watch more closely what they eat.
By Christopher Doering • Oct. 1, 2024 -
Christopher Doering/Food Dive
‘Sauce is boss’: How Campbell Soup is turning Rao’s into its next $1B brand
While the premium brand has branched out into pasta, frozen entrees, pizza and soup, executives said about 75% of sales will come from its fast-growing jarred sauce.
By Christopher Doering • Oct. 1, 2024 -
Permission granted by IFT
Top food and beverage events still to come in 2025
The remainder of the year is filled with a variety of conferences showcasing the latest innovations in ingredients, manufacturing and more.
By Elizabeth Flood , Sarah Zimmerman • Updated June 30, 2025 -
Courtesy of Diageo
Diageo acquires nonalcoholic spirits brand Ritual
The company is expanding its presence in the zero-proof beverages market with a brand that sells alternatives to gin, whiskey and tequila.
By Chris Casey • Sept. 30, 2024 -
Permission granted by Kraft Heinz / Rise Against Hunger
Kraft Heinz brings procurement expertise to Rise Against Hunger
The manufacturer is leveraging its logistics partnerships to help the nonprofit bring food to communities in need across Europe.
By Alejandra Carranza • Sept. 27, 2024 -
Courtesy of Mondelē​​z International
Mondelēz expands generative AI marketing bets with new platform
Publicis Groupe and Accenture support the offering focused on faster, more efficient production of personalized text, images and video.
By Peter Adams • Sept. 27, 2024 -
Courtesy of Goodles
Goodles poaches CFO from Sovos Brands
The better-for-you mac and cheese company is focused on leveraging Chris Hall’s experience to gain momentum in brand awareness.
By Elizabeth Flood • Sept. 26, 2024 -
Courtesy of Waterloo Gin Company
Billionaire Patrón founder buys Waterloo gin
John Paul DeJoria wants to expand distribution of the 15-year-old botanical-infused spirits brand beyond its existing markets of Texas and Florida.
By Chris Casey • Sept. 25, 2024 -
Courtesy of Jones Soda
Jones Soda takes on Poppi with new prebiotic drinks
The beverage, which contains fiber, immune support and less sugar than similar products, is launching as consumers look for healthier options for their favorite items.
By Christopher Doering • Sept. 25, 2024 -
Courtesy of Coca-Cola
Coca-Cola to discontinue its Spiced flavor after 7 months
The beverage, intended as the first permanent offering for the brand in more than three years, is being phased out in favor of a new flavor set to be introduced in 2025.
By Christopher Doering • Sept. 24, 2024 -
Permission granted by Travis Rathbone
Kylie Jenner’s Sprinter vodka soda has ambitions to transcend the ‘celebrity brand’
The canned cocktail brand, which launched earlier this year, blends premium liquor with sparkling water and fruit juice in an appeal to Gen Z.
By Chris Casey • Sept. 24, 2024 -
Courtesy of Lifeway Foods, Inc.
Danone offers to buy kefir maker Lifeway Foods for $283M
The proposal to buy the company for $25 a share comes as Lifeway’s leadership remains embroiled in a bitter family dispute and the manufacturer faces shareholder calls to sell itself.
By Christopher Doering • Sept. 23, 2024 -
Courtesy of Kraft Heinz
Kraft Heinz steak sauce heads to the dairy aisle with A1 butter
The innovation, the first outside of its signature condiment in more than five years, comes as the packaged food giant looks to generate $2 billion in incremental net sales by 2027.
By Christopher Doering • Sept. 23, 2024 -
Scott Olson via Getty Images
Hershey shuffles jobs to better align with growth
The Reese’s and Dot’s Pretzels manufacturer is laying off about 200 employees while adding dozens of new jobs in areas such as technology and data science.
By Christopher Doering • Sept. 20, 2024
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