Corporate Operations: Page 100
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Courtesy of PepsiCo
PepsiCo CFO on issuing guidance for first time since April
"We have pretty good visibility into the next quarter," Hugh Johnston said. "We feel like we can give investors a reasonable level of confidence in what we expect to deliver."
By Jane Thier • Oct. 6, 2020 -
Coca-Cola to discontinue Zico coconut water and consider other cuts
The beverage giant is also reportedly looking to trim less-popular versions of Coke and Diet Coke, as well as some regional soda brands, according to The Wall Street Journal.
By Christopher Doering • Oct. 5, 2020 -
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 -
Adeline Kon/Food Dive
Deep DiveWhere they stand: Political donations from 10 of the largest food and beverage makers
Companies appear to be sitting out of the heated election cycle as contributions across the board dropped this year, with Democrats receiving 30% less and the GOP and trade group PACs seeing a 50% drop.
By Christopher Doering • Oct. 5, 2020 -
Eskimo Pie to become Edy's Pie in 2021
Dreyer's Grand Ice Cream is renaming the original chocolate-coated frozen treat after one of the company's founders — making it the latest manufacturer to rebrand a product with a controversial name.
By Megan Poinski • Oct. 2, 2020 -
Front-of-pack labeling leads to improved nutritional quality, study says
Consumers typically make grocery decisions in less than 10 seconds, and researchers say this is a "cost-effective, high impact strategy to combat obesity."
By Lillianna Byington • Oct. 2, 2020 -
Courtesy of Beyond Meat
Bang, Beyond and Snap'd: Nielsen names its 25 breakthrough innovations
Seventeen of the brands that made the list came from the food and beverage space, including Beyond Burger, Monster Energy Mango Loco and Ripple Plant-Based Milk.
By Jessi Devenyns • Oct. 2, 2020 -
Getty Images
Sponsored by American Heart AssociationCast your vote for the next Foodscape Innovation Awardee
These awards recognize leading-edge innovations by the food and beverage industry to make the healthy choice the easy, accessible choice for all consumers.
Oct. 2, 2020 -
Courtesy of Impossible Foods
How to make plant-based ingredients look, smell and taste like meat
From the aroma created by cooking to replicating the different textures, ADM's flavorists and protein experts detail the complex process to design a product similar to the real thing.
By Megan Poinski • Oct. 1, 2020 -
Permission granted by Canopy Growth
Canopy Growth to bring cannabis beverages to US in 2021
The company will initially launch the THC-infused drinks in legal adult-use markets in California and Illinois through a partnership with Acreage Holdings.
By Megan Poinski • Oct. 1, 2020 -
Molson Coors to distribute La Colombe RTD coffee in latest move beyond beer
This announcement is the third partnership in less than a month for the company, which is also now working with Coca-Cola and Yuengling.
By Christopher Doering • Oct. 1, 2020 -
Fresh off its IPO, Laird Superfood battles large CPGs with natural ingredients
In an interview right after going public, the plant-based nutritional company's co-founders said they are planning to move into other food categories beyond beverages, while stressing the 5-year-old business is not for sale.
By Christopher Doering • Oct. 1, 2020 -
Chr. Hansen to sell its natural colors business to PE group for $940M
The divestiture to EQT IX will allow the Denmark-based company to focus on developing its more lucrative fermentation technology.
By Jessi Devenyns • Oct. 1, 2020 -
Courtesy of Shiok Meats
Shiok Meats raises $12.6M for cell-based shrimp
The Singapore-based company, which hopes to have frozen minced seafood on the market in 2022, will use the funds to build its pilot plant.
By Megan Poinski • Sept. 30, 2020 -
Oat milk surges to second most popular in plant-based dairy
The grain-based beverage likely rose in popularity through a combination of function, taste, nutritional attributes and hype.
By Megan Poinski • Sept. 30, 2020 -
Courtesy of Lyre's Non-Alcoholic Spirit Co.
Lyre's Non-Alcoholic Spirit Co. closes $11.5M funding round
The Australian company says this investment is the largest ever made in the alcohol-free category.
By Jessi Devenyns • Sept. 29, 2020 -
Retrieved from H.K. Anderson on September 29, 2020
Utz buys filled pretzel brand H.K. Anderson from Conagra
The deal, which has a purchase price of less than $10 million, is the company's first since it was acquired by Collier Creek Holdings and went public.
By Lillianna Byington • Sept. 29, 2020 -
AppHarvest starts trading after merger valuing company at $1B
The deal with a blank-check entity provides the greenhouse operator, which recently opened a 2.76 million-square-foot facility in Kentucky, funding to open more indoor farms.
By Christopher Doering • Updated Feb. 1, 2021 -
Lance Cheung. (2018). "20181113-FPAC-LSC-0119" [photograph]. Retrieved from US Department of Agriculture.
Nearly 200 companies pledge to halve food waste by 2030
General Mills, Mondelez, PepsiCo and Nestlé are among manufacturers who have come together in the 10x20x30 initiative.
By Jessi Devenyns • Sept. 28, 2020 -
The Kraft Heinz procurement overhaul is here
Chief Procurement Officer Marcos Eloi outlined four areas he's working to transform: sourcing, manufacturing, centralization and product development.
By Emma Cosgrove • Sept. 28, 2020 -
Retrieved from Bazooka Candy Brands on September 25, 2020
ColumnLeftovers: Bazooka gets into gummies; Undressed redefines 'salad bar'
The bubble gum brand's new launch of dragon and unicorn candies is (literally) Totally Awesome, and WW brews up canned RTD coffee drinks.
By Food Dive staff • Sept. 25, 2020 -
Cream of Wheat chef will be removed from packaging, B&G says
Although the drawing that has been on hot cereal boxes for more than a century may be based on an actual person, the company says "it reminds some consumers of earlier depictions they find offensive."
By Megan Poinski • Sept. 25, 2020 -
Courtesy of Mosa Meat
Mosa Meat raises $55M for cell-based meat
The Dutch company will use the funds to extend its pilot plant, develop an industrial production line, hire employees and work toward a launch.
By Megan Poinski • Sept. 25, 2020 -
Phytolon raises $4.1M to fund natural food coloring technology
The money will go toward expanding the reach of the Israel-based firm, which makes colorants from natural plant pigments extracted through fermentation.
By Jessi Devenyns • Sept. 24, 2020 -
Retrieved from Daring Foods on September 24, 2020
Daring Foods raises $8M to innovate and expand its plant-based chicken
The startup also announced it is releasing new breaded chicken pieces on its direct-to-consumer site and debuting its products nationwide at Just Salad locations.
By Jessi Devenyns • Sept. 24, 2020 -
Courtesy of Gardein
Gardein launches canned soup featuring plant-based meat
The vegan versions of popular varieties — including Chick'n Noodl' and Saus'ge Gumbo — are the first to bring this trend to the fall and winter staple.
By Megan Poinski • Sept. 24, 2020
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