Corporate Operations: Page 42
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OpinionBrands need a new model of sustainability. Here’s how we can flip the script
Companies need to shift their focus from selling to doing, writes Kenny Fahey, president and CEO of Leading Harvest.
By Kenny Fahey • May 23, 2024 -
Courtesy of Coca-Cola
How Coca-Cola bottled the vibrancy of Africa for its latest creation
With a name inspired by the isiZulu term for “come here,” Wozzaah looks to embody the culture of and invite consumers to the continent.
By Chris Kelly • May 23, 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 Icee
Froot Loops enters frozen beverages through Icee partnership
The product launch comes a year after Icee and WK Kellogg collaborated on a cereal version of the frozen carbonate beverage’s Cherry ‘n Blue Razz flavor.
By Christopher Doering • May 22, 2024 -
Courtesy of Meatable
Meatable appoints beef industry veteran as CEO
Jeff "Trip" Tripician spent years leading companies with ties to Big Ag and is now part of the cultivated meat company's mission to expand in the U.S.
By Elizabeth Flood • May 22, 2024 -
Courtesy of Gutzy
Gutzy taps into gut health craze with prebiotic pouches
The brand, which launched in 2019, aims to dominate the prebiotic snacks lane as consumers continue to prioritize wellness.
By Chris Casey • May 21, 2024 -
Drew Angerer / Staff via Getty Images
On Special: Chicken sales cook as prices fall
Grocers are leaning into the protein as it continues to resonate with price-sensitive shoppers.
By Catherine Douglas Moran • Updated May 20, 2024 -
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Food prices prompting a ‘consumer revolution’ through intricate homemade dishes
As inflation continues, a Circana expert said people are looking for more opportunities to bring a restaurant experience in home.
By Chris Casey • May 20, 2024 -
Christopher Doering/Food Dive
5 attention-grabbing products from the 2024 Sweets & Snacks Expo
Fish jerky, ramen-flavored popcorn, and gum with more caffeine than a cup of coffee were among the innovative products featured by 1,000 exhibitors.
By Christopher Doering • May 20, 2024 -
Courtesy of Throne Sport Coffee
ColumnThe Weekly Sip: NFL’s Patrick Mahomes enters RTD iced coffee | Diageo steeps itself in Smirnoff tea
The Kansas City Chiefs quarterback aims to score with a better-for-you beverage offering, and canned hard tea brand Loverboy seeks to make a splash with its Walmart launch.
By Chris Casey • May 16, 2024 -
Permission granted by United Sodas of America
United Sodas of America’s fight to invigorate an unloved category
The fast-growing beverage brand has distinguished itself from other sodas with a clean label, proprietary sweetener blend and minimalist packaging.
By Christopher Doering • May 15, 2024 -
Courtesy of Constellation Brands
Constellation buys Santa Barbara vineyard in higher-end wine push
The beverage giant purchased California-based Seasmoke’s pinot noir and chardonnay as it builds its portfolio of premium wines.
By Chris Casey • May 14, 2024 -
Courtesy of Kraft Heinz
Kraft Heinz’s Jell-O partners with Girl Scouts on pudding cups
The offerings, available in Thin Mints and Coconut Caramel cookie flavors, continue a broader push by the packaged food giant to innovate and expand its reach.
By Christopher Doering • May 14, 2024 -
Lillianna Byington/Food Dive
Ferrero unwraps first chocolate factory in North America
The Bloomington, Illinois, expansion will make major brands like Kinder, Ferrero Rocher, Butterfinger and Crunch.
By Joelle Anselmo • May 13, 2024 -
Courtesy of Ferrero
Ferrero moves beyond mints and chocolate with Tic Tac Chewy
The fruit candy, with a crunchy exterior and softer inside, is the first product from the European sweets giant made exclusively for the U.S. It will appear on stores shelves in September.
By Christopher Doering • May 13, 2024 -
Courtesy of Kellanova
Kellanova to launch Pringles Mingles puffed snack
The offering, which hits shelves in October, comes as the snacking giant prioritizes innovating the $3.2 billion chip brand and other products within its portfolio.
By Chris Casey • May 13, 2024 -
Courtesy of Beyond Meat
Beyond Meat CEO sees 2024 as a ‘pivotal year’ despite grim Q1 results
The plant-based pioneer had its eighth straight quarter of revenue declines, but Ethan Brown is confident sales will pick up in the second half of the year.
By Elizabeth Flood • May 10, 2024 -
Spencer Platt via Getty Images
Snickers owner Mars commits $47M to slash dairy emissions
The CPG giant is testing seaweed feed supplements and plans to open three "net zero" farms as it looks to halve its carbon footprint by 2030.
By Sarah Zimmerman • May 9, 2024 -
Justin Sullivan via Getty Images
B&G Foods exploring sale of Green Giant frozen, canned vegetable businesses
The Crisco and Ortega owner is considering divestitures representing 10% to 15% of its consolidated net sales to focus its operations and lower its debt.
By Christopher Doering • May 9, 2024 -
Thai Phi Le/Food Dive
ColumnThe Weekly Sip: Canned cocktails boost AB InBev | Powerade puckers up with sour flavor
The brewer said RTD spirit-based drinks like Cutwater and Nütrl are offsetting losses in U.S. beer, and Waterloo’s latest sparkling water finds inspiration from libations like mojitos and rosé.
By Food Dive staff • May 9, 2024 -
Courtesy of Jennifer Chong for CAULIPOWER
Prioritizing growth, Caulipower names former PepsiCo exec as CEO
Tyler Ricks’ 30 years of experience in food and beverage includes work with brands eventually acquired by large CPG firms, such as Plum, Bear Naked and Yasso.
By Christopher Doering • May 8, 2024 -
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The Ozempic effect is real: Study zeroes in on GLP-1 users’ food needs
Food startups have an opportunity to jump on the snacking needs of this new demographic with products focused on protein, portion size and hydration.
By Jennifer Lawinski • May 8, 2024 -
Permission granted by Del Monte Foods
Del Monte Foods boosts production, distribution of fast-growing bubble tea brand
Joyba's success comes amid broader momentum in the global bubble tea market, with sales projected to nearly triple to $6.2 billion by 2032.
By Christopher Doering • May 8, 2024 -
Courtesy of Impossible Foods
Impossible Foods CEO on the importance of first impressions
With headlines circulating around the declining sales in the plant-based category, Peter McGuinness believes it’s “ill-defined.”
By Elizabeth Flood • May 7, 2024 -
Courtesy of Bolthouse Farms
Butterfly splits Bolthouse Farms into two companies
Generous Brands, the new juice and protein drinks business, will be helmed by Kraft Heinz veteran Steve Cornell. Timothy Escamilla, former president of Dole Fresh Vegetables, was appointed CEO of Bolthouse Fresh Foods.
By Chris Casey • May 7, 2024 -
Courtesy of Kellanova
Kellanova’s ‘stronger commercial plans are taking hold’ after raising prices, CEO says
The Pringles and Cheez-It maker outperformed Wall Street expectations but faced headwinds from a decline in volumes in its most recent quarter.
By Chris Casey • May 7, 2024
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