Corporate Operations: Page 101
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Courtesy of Hu
Mondelez launches program for early-stage snack brands
The CoLab program, created by the company's SnackFutures venture hub, will provide resources and funds to startups as it gains insights from participants.
By Christopher Doering • Feb. 11, 2021 -
Heineken to cut 8,000 jobs as the pandemic hurts sales
The staff reduction, part of a broader effort to save $2.43 billion through 2023, comes as the alcohol maker focuses more on premium offerings and looks to move beyond beer.
By Christopher Doering • Feb. 10, 2021 -
Explore the Trendline➔
Courtesy of Instacart
TrendlineTop 5 stories from Food Dive
The food and beverage industry is changing rapidly and the actions companies take this year are likely to play a major role in defining their future.
By Food Dive staff -
Retrieved from TreeHouse Foods on July 01, 2016
Activist investor Jana nominates 2 directors to TreeHouse Foods' board
The firm is proposing to add former AdvancePierre Foods and Domino’s Pizza executives as the private label maker undergoes a strategic review.
By Christopher Doering • Updated Jan. 4, 2022 -
Courtesy of Aleph Farms
Aleph Farms unveils world's first cell-based ribeye steak
The Israeli company worked with researchers and utilized 3D bioprinting to make a piece of meat that looks like it came from a slaughtered cow, complete with differentiated fat cells.
By Megan Poinski • Feb. 10, 2021 -
Post Holdings prices SPAC units at $10 in deal that could raise more than $300M
The CPG maker, which said in February its SPAC aimed to raise $400 million, is expected to stay close to the food and beverage space as it looks for companies that will benefit from the experience of its management team.
By Christopher Doering • Updated May 26, 2021 -
Courtesy of PepsiCo
Aunt Jemima rebrands as Pearl Milling Company
PepsiCo chose the new name from the Missouri location where the breakfast brand was invented more than 130 years ago.
By Megan Poinski • Updated Feb. 10, 2021 -
Permission granted by Coca-Cola
Coca-Cola transitions to bottles made from 100% recycled plastic
The new packaging and a smaller bottle size will be gradually rolled out during the first half of the year in select states.
By Christopher Doering • Feb. 9, 2021 -
Courtesy of Danone
Danone's 'big runway' for growth is built on brand relevance, N. America CEO says
Shane Grant is feeling optimistic about the company's dominance in dairy and plant-based, even as an activist investor questions its larger strategy.
By Christopher Doering • Feb. 9, 2021 -
Hershey's CFO: Stay-at-home mandates 'played to our strengths'
As the candy giant reflects on a banner year, it is preparing to relaunch its zero sugar line and working on organic products with an eye on the better-for-you confection space.
By Jane Thier • Feb. 8, 2021 -
Permission granted by Nick's Ice Cream
How Nick's plans to redefine better-for-you ice cream
A $30 million funding round, new CEO and a partnership with Perfect Day give the Swedish treat maker a launchpad for U.S. growth in 2021.
By Megan Poinski • Feb. 8, 2021 -
Courtesy of PepsiCo
PepsiCo launches Frutly juice waters for teens
The new line of hydrating, no-added-sugar drinks could capitalize on Gen Z's growing buying power and interest in healthier beverage options.
By Mike De Socio • Feb. 8, 2021 -
Courtesy of The Hershey Co.
ColumnLeftovers: Whozeewhatzit? It's Hershey's new offering; Pebbles cereal enters the ice age
The Pennsylvania chocolate maker launches a new bar to complement the Whatchamacallit, and you can have the mango in Yuengling's new brew.
By Food Dive staff • Feb. 5, 2021 -
Permission granted by Chobani
The road to Chobani's IPOChobani considering 2021 IPO valuing it at up to $10B, WSJ reports
Chobani Founder and CEO Hamdi Ulukaya said the company will look at "all options carefully to fuel our ambitious plans" with a stock offering "definitely one exciting direction."
By Christopher Doering • Feb. 5, 2021 -
IFF and DuPont Nutrition & Biosciences have merged. What's next?
With the deal closed, the two large companies have formed an ingredients behemoth. As they integrate, analysts say the future for the sector as a whole looks bright.
By Megan Poinski • Feb. 4, 2021 -
Permission granted by Pairwise
Pairwise raises $90M to develop new fruit and vegetable varieties using CRISPR
The startup is using the gene-editing technology to make produce more palatable, such as by removing the bitterness from a nutrient-dense green or seeds from the outside of a blackberry.
By Christopher Doering • Feb. 4, 2021 -
Smithfield Foods hit with FTC complaint tied to sustainability claims
The nation's largest pork producer said the filing made by nine consumer and environmental groups "contains false allegations and is without merit."
By Christopher Doering • Feb. 4, 2021 -
Courtesy of Foster Farms
Tyson and Foster Farms begin COVID-19 vaccinations at some plants
The publicly traded meat giant also announced that Matrix Medical Network would address and monitor its efforts to protect workers from the virus.
By Megan Poinski • Updated Feb. 5, 2021 -
Catherine Douglas Moran/Food Dive
Big Food lost $12B in sales to small CPGs and private label in 2020, IRI says
The pandemic accelerated a five-year trend of large manufacturers losing market share to smaller players, but consumers' return to normal travel patterns should slow the momentum.
By Mike De Socio • Feb. 4, 2021 -
Permission granted by Anheuser-Busch
Anheuser-Busch to spend $1B on hard seltzer, sustainability in US plants
The maker of Bud Light and Michelob Ultra has been aggressively moving into the popular beverage, which has become a growth segment for many alcohol producers.
By Christopher Doering • Feb. 4, 2021 -
Hormel completes $3.35B purchase of Planters from Kraft Heinz
The acquisition by the Minnesota company complements its Skippy and Justin's offerings while allowing Kraft Heinz to focus its portfolio on faster-growing, trendier brands.
By Christopher Doering • Updated June 7, 2021 -
USDA
Cargill and National Beef added to Congressional probe on worker safety at meat processors
The two meat companies join JBS USA, Tyson Foods, and Smithfield Foods in facing inquiry from the House Select Subcommittee on the Coronavirus Crisis about outbreaks at their facilities.
By Christopher Doering • Updated Sept. 17, 2021 -
Uber buys alcohol delivery platform Drizly for $1.1B
The stock and cash deal comes as the profitable startup has seen demand surge during the pandemic with the service now offered in more than 1,400 cities.
By Christopher Doering • Feb. 2, 2021 -
Courtesy of Impossible Foods
Impossible Foods cuts grocery store prices 20%
The price decrease is the first since the plant-based burgers hit grocery shelves in 2019. It follows two 15% reductions in price to foodservice distributors during the past 12 months.
By Megan Poinski • Feb. 2, 2021 -
Courtesy of Peatos
Post Holdings leads $12.5M investment in PeaTos
This is the first Big Food funding for the challenger to PepsiCo's Frito-Lay and the latest move into the plant-based space by the CPG company best known for its breakfast offerings.
By Mike De Socio • Feb. 2, 2021 -
Spirits sales rose in 2020, but the pandemic and tariffs drag on future prospects
Distillers have the opportunity to ride a new wave of growth as vaccination rates grow and off-premise opens up, but they will need to maximize the tools at hand.
By Samantha Oller • Feb. 1, 2021
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