Corporate Operations: Page 106
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Courtesy of Ready, Set, Food!
Ready, Set, Food gets $3M in funding led by Danone's VC unit
The investment will be used by the upstart to help prevent babies from developing severe food allergies to peanut, egg and milk.
By Jessi Devenyns • July 22, 2020 -
Retrieved from Joywell Foods on July 21, 2020
Kraft Heinz leads $6.9M investment in sweet protein company
In addition to the CPG behemoth's investment arm Evolv Ventures, Joywell Foods also received funding from Khosla Ventures and SOSV.
By Jessi Devenyns • July 21, 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 -
Permission granted by FoodID
Startup FoodID develops test for 95% of the most common antibiotics
The company, co-founded by Bill Niman, hopes to bring more transparency with its adulterant test and label claim authentication for beef, pork and poultry.
By Lillianna Byington • July 21, 2020 -
Courtesy of Chobani
Chobani taps into probiotics, nutrition-packed yogurt with new offerings
The dairy giant is introducing Chobani Probiotic, a fruity plant-based beverage, and Chobani Complete, a lactose-free Greek yogurt high in protein and with no added sugar.
By Christopher Doering • July 21, 2020 -
Ocean Spray names former Tyson Foods chief as its CEO
In addition to his time running the meat and poultry processing giant, Tom Hayes also previously worked at CPG giants such as Kraft and Conagra.
By Christopher Doering • July 20, 2020 -
Wonder Bread maker Flowers Foods cuts 250 jobs in reorganization
The maker of Nature's Own and Tastykake said the restructuring will include combining its fresh packaged bread business unit and specialty/snacking operation.
By Christopher Doering • July 20, 2020 -
Deep Dive
Less is more: Why retailers and CPGs are moving toward selling fewer products in stores
As the coronavirus pushes some items off supermarket shelves, the food industry is finding a smaller selection reduces consumer confusion, boosts sales and trims expenses for grocers.
By Christopher Doering • July 20, 2020 -
Permission granted by Fairlife
Coca-Cola's Fairlife dairy brand expands into ice cream
The move into the frozen treat comes six months after the beverage giant purchased the remaining stake it didn't own in the ultra-filtered milk brand.
By Jessi Devenyns • July 20, 2020 -
Permission granted by Coconut Bliss
HumanCo acquires majority stake in vegan ice cream Coconut Bliss
The firm, created by Hu founder Jason Karp, said it is committed to investing in CPG brands that espouse its values for healthier living, transparency and sustainability.
By Jessi Devenyns • July 17, 2020 -
Courtesy of Sweet Earth
ColumnLeftovers: Sweet Earth ups the Awesome on its plant-based burger; Busch Light launches apple-flavored beer
Nestlé combines two animal-free products to make the vegan version of a bacon burger, and Eat Howl taps chefs to add authentic flavor to its macaroni and cheese.
By Food Dive staff • July 17, 2020 -
Retrieved from Brave Robot on July 17, 2020
Perfect Day creates The Urgent Company for CPGs
Brave Robot ice cream is the first brand under the new company, which is independent and can quickly launch products featuring the animal-free dairy proteins.
By Megan Poinski • July 17, 2020 -
Christopher Doering/Food Dive
How CEO Jeff Harmening is getting General Mills through 2020
The Minneapolis company's leader spoke at a forum about communication, sales and the national reckoning on race that started in the business' hometown.
By Megan Poinski • July 16, 2020 -
Oatly sells $200M stake to fuel growth
Investors in the fast-growing Swedish company include private-equity giant Blackstone, Oprah Winfrey and former Starbucks CEO Howard Schultz.
By Jessi Devenyns • July 15, 2020 -
Permission granted by SnackMagic
SnackMagic brings small brands directly to consumers
The platform carries a few Big Food brands, but sees itself as a way for shoppers to discover snacks they likely won't be able to find on store shelves.
By Christopher Doering • July 15, 2020 -
Permission granted by Diageo
Diageo and PepsiCo will debut paper bottles in 2021
The alcohol giant will launch the 100% plastic-free packaging for Johnnie Walker whisky early next year, while PepsiCo and Unilever are developing it for their products.
By Lillianna Byington • July 14, 2020 -
Goya faces boycott backlash after CEO praises Trump
Despite calls on social media from people such as Hamilton creator Lin-Manuel Miranda to never buy from the company again, Robert Unanue said he isn't apologizing for his comments.
By Lillianna Byington • July 13, 2020 -
Antitrust accusations escalate in the food industry as DOJ cracks down
Analysts say the department has focused more on prosecuting executives because it is a more effective deterrent. Allegations are piling up as more seek leniency.
By Lillianna Byington • July 13, 2020 -
Permission granted by Tyson Foods
Tyson Foods speeds up plans for robot butchers during pandemic
Even though use is growing across the industry, variability in poultry and livestock carcasses has slowed wider adoption by large processors.
By Jessi Devenyns • July 13, 2020 -
Retrieved from Simulate on July 10, 2020
Plant-based chicken startup Nuggs gets $4.1M investment and creates parent corporation
Simulate, the new company, brought on two industry veterans and has plans to launch a spicy version of its nuggets, chicken patties and hot dogs.
By Jessi Devenyns • July 10, 2020 -
Courtesy of Conagra Brands
ColumnLeftovers: Swiss Miss gets magically delicious; Ritz says 'cheese'
The cocoa brand adds Lucky Charms' marshmallow goodness and Outshine frozen treats get a bit of heat, courtesy of Tajín.
By Food Dive staff • July 10, 2020 -
Courtesy of Vital Farms
Pasture-raised egg producer Vital Farms files for IPO
The 13-year-old company's products, which are sold in retailers including Kroger, Target and Whole Foods, posted sales of $140.7 million in 2019.
By Christopher Doering • July 10, 2020 -
Courtesy of DuPont
DuPont launches plant-based Danisco Planit portfolio to widen product options
The new line features proteins, hydrocolloids, cultures, probiotics, fibers, food protection, antioxidants, natural extracts, emulsifiers and enzymes, as well as tailor-made systems.
By Jessi Devenyns • July 9, 2020 -
6 immunity boosting ingredients gaining popularity during the pandemic
From honey and ginger to turmeric and oranges, the products that help consumers take better care of themselves are getting a lift.
By Lillianna Byington , Christopher Doering • July 9, 2020 -
Chr. Hansen may sell its natural colors business
Sales in the unit have not kept pace with the Danish company's other microbial and fermentation technology platforms.
By Jessi Devenyns • July 9, 2020 -
Courtesy of Good Catch
Good Catch launches frozen plant-based seafood
New England Style Plant-Based Crab Cakes, Thai Style Plant-Based Fish Cakes and Classic Plant-Based Fish Burgers get the company's alternative fish products to the center of the plate, CEO and co-founder Chris Kerr said.
By Megan Poinski • July 9, 2020
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