Corporate Operations: Page 37
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Courtesy of Barry Callebaut
Barry Callebaut names new president for its North America operations
Natasha Chen will take over at the cocoa processor and chocolate manufacturer on Sept. 16. She succeeds Ben De Schryver who left to “pursue other opportunities.”
By Christopher Doering • Sept. 3, 2024 -
Retrieved from Parm Crisp.
Hain Celestial sells ParmCrisps to Pop Secret owner
The divestiture of the cheese crisp and snack mix brand to Our Home allows Hain to focus its portfolio and streamline its supply chain.
By Christopher Doering • Sept. 3, 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 Tasty Bite
Tasty Bite rides the spice wave as its Indian cuisine hits its stride
As younger consumers increasingly seek out hotter flavors and more convenient meals, the Mars-owned brand believes it stands to benefit.
By Chris Casey • Sept. 3, 2024 -
CFO Editorial Staff
Tyson Foods appoints new CFO, replacing company heir
John R. Tyson, who was suspended earlier this summer following a drunk driving incident, will remain with the meat giant on health leave.
By Nathan Owens • Aug. 30, 2024 -
Hryshchyshen Serhii via Shutterstock
Are shoppers’ concerns around food inflation starting to ease?
While consumers feel they have “more or less control” over their grocery finances, they are still worried about rising food costs, new FMI research found.
By Peyton Bigora • Aug. 29, 2024 -
Scott Olson via Getty Images
‘New dynamics at play’: Jack Daniel’s maker ends DEI initiatives
Brown-Forman cited a shifting legal and external landscape for its decision, as one prominent anti-DEI activist claimed credit for putting pressure on the company.
By Ryan Golden • Aug. 28, 2024 -
The image by Tony Webster is licensed under CC BY-SA 2.0
Smithfield spins off Europe business ahead of potential US listing
The pork producer said the move would further accelerate “unique growth opportunities" in both areas.
By Nathan Owens • Aug. 28, 2024 -
Retrieved from Campbell Soup.
Campbell Soup sells Pop Secret for undisclosed amount
The divestiture to Popchips maker Our Home will allow the CPG giant to better focus its snacking portfolio and generate “accelerated growth.”
By Christopher Doering • Aug. 27, 2024 -
Courtesy of David
RXBar founder ‘betting everything on protein’ with new venture
Peter Rahal's latest brand David raised $10 million in capital and will not rely on nutrition fads to grow in the category.
By Chris Casey • Aug. 26, 2024 -
Courtesy of Kellanova
From candy giant to snacking powerhouse: What’s behind Mars’ $36B Kellanova acquisition
The purchase of the Pringles maker provides more opportunities to respond to consumer preferences and compete against PepsiCo and Mondelēz.
By Christopher Doering • Aug. 26, 2024 -
Scott Olson via Getty Images
Kraft Heinz hires Hershey’s exec as chief sales officer
Marlene Creighton will oversee the U.S. sales force at the Oscar Mayer maker and will be responsible for driving customer and channel growth.
By Christopher Doering • Aug. 23, 2024 -
Getty Images
AI could pose risk for food and ag companies
ADM and other businesses are disclosing potential pitfalls of artificial intelligence as the technology becomes more essential for growth.
By Nathan Owens • Aug. 23, 2024 -
Justin Sullivan via Getty Images
Nestlé names company veteran Laurent Freixe as CEO
He will replace Mark Schneider, who is resigning after eight years in the role. The change comes as the Lean Cuisine maker struggles with cash-strapped customers cutting back on spending.
By Christopher Doering • Aug. 22, 2024 -
Courtesy of Hormel
Hormel taps former Applegate president to lead retail division
The appointment of John Ghingo comes as the company plans to double down on its snacking business amid volatility in the meat sector.
By Chris Casey • Aug. 22, 2024 -
Leon Neal via Getty Images
Louis Dreyfus forms dedicated pulses unit
The processor is capitalizing on global demand for beans, peas, chickpeas and lentils, which have gained prominence as a meat alternative.
By Sarah Zimmerman • Aug. 22, 2024 -
Joe Raedle via Getty Images
AB InBev to shutter Anheuser-Busch distribution facility
The brewer’s closure of the Massachusetts plant will impact 193 jobs. It comes amid a national decline in beer volumes.
By Chris Casey • Aug. 21, 2024 -
Permission granted by Unilever
Unilever spices up Hellmann’s with flavored mayo
The brand, with more than $2 billion in global sales, has introduced new flavor options like Chipotle and Garlic Aioli to attract younger consumers and increase usage occasions for the condiment.
By Christopher Doering • Aug. 21, 2024 -
Grant Baldwin via Getty Images
Kamala Harris proposes food ‘price-gouging’ ban as part of economic platform
Trade groups had mixed reactions to the policy proposal, with FMI disputing the allegations that companies inflate the price of groceries.
By Catherine Douglas Moran • Aug. 20, 2024 -
Courtesy of Lake Hour
Marvel actor and film producer partner on nostalgic canned cocktails
Lake Hour, co-founded by Wyatt Russell, aims to offer a more appealing, less sugary alternative to mainstream hard seltzer brands.
By Chris Casey • Aug. 20, 2024 -
Permission granted by Bush Brothers
Can canned food outlast competition from flexible plastic alternatives?
With consumers feeling squeezed by inflation, food companies like Bush’s Beans and suppliers such as Sonoco see cans as a reliable space to grow in while also meeting sustainability goals.
By Shefali Kapadia • Aug. 19, 2024 -
Courtesy of High Noon Spirits Company
Deep DiveHard seltzer started a new category, but will canned cocktails sustain momentum long term?
The push for premium RTD beverages is relying on real spirits and unique flavors to keep the ball rolling.
By Chris Casey • Aug. 19, 2024 -
Courtesy of Lifeway Foods, Inc.
Lifeway Foods family feud heats up as shareholders push CEO to resign
The brother and mother of CEO Julie Smolyansky are accusing the executive of steering the company off course.
By Chris Casey • Aug. 16, 2024 -
Scott Olson via Getty Images
Extreme heat is destroying corn crops around the world. US exporters could see a boost.
Unfavorable growing conditions in Europe and South America may be a bright spot for U.S. farmers as they struggle to offload record supply.
By Sarah Zimmerman • Aug. 15, 2024 -
Mario Tama via Getty Images
Snacking supernova: Kellanova CEO says purchase by Mars will spark innovation
Steve Cahillane, who plans to exit the company after the deal goes through, said in an interview the nearly $36 billion acquisition will help the Pringles producer grow in new markets.
By Chris Casey • Aug. 15, 2024 -
Courtesy of Molson Coors
Tilray to acquire 4 craft beer brands from Molson Coors
The purchase allows the cannabis producer to continue growing its presence in the alcohol category and comes as the Coors Banquet brewer seeks to pare down its portfolio.
By Chris Casey • Aug. 14, 2024
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