Corporate Operations: Page 108
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CPG consumption surges as coronavirus restrictions ease
Credit Suisse said companies including B&G Foods and McCormick & Co. could be among the beneficiaries of this trend, while General Mills could be negatively impacted.
By Christopher Doering • June 24, 2020 -
Eskimo Pie will rebrand to be 'part of the solution on racial equality'
The near century-old ice cream bars will have a new name and packaging by the end of the year, parent company Dreyer's Grand Ice Cream said.
By Megan Poinski • June 23, 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 -
Deep Dive
How Hershey CEO Michele Buck came to create a 'snacking powerhouse'
The food industry veteran has transformed the small-town maker of Kisses and Reese's through a series of acquisitions and innovation in core brands since taking over the 126-year-old company in 2017.
By Christopher Doering • June 23, 2020 -
Retrieved from Jones Knowles Ritchie on June 18, 2020
Heinz unifies core products with 1st master brand refresh
Since hitting shelves in the U.K. earlier in 2020, the visual identity has reached over 32 million customers and spurred an 11% average lift in sales volume.
By Dianna Christie , Natalie Black (Koltun) • June 19, 2020 -
Column
Leftovers: Runamok Maple gets a berry sweet new variety; plantain tortilla chips let snackers go Barnanas
Strawberry Rose Infused Syrup brings a floral profile to summer dishes, and Chubby Organics develops a "no junk" (and no peanut) version of a children's lunchtime staple.
By Food Dive staff • June 19, 2020 -
Barry Callebaut's webinar series educates on chocolate and wellness trends
The ingredients company is hosting three online sessions to make up for in-person informational opportunities sidelined by the coronavirus pandemic.
By Megan Poinski • June 18, 2020 -
4 ingredients facing shortages amid the pandemic
From mushrooms and garlic to carbon dioxide and yeast, coronavirus has led to supply concerns across the food and beverage industry around the world.
By Lillianna Byington • June 18, 2020 -
Retrieved from Beyond Meat on June 18, 2020
Beyond moves closer to meat price parity with value pack launch
The Cookout Classic 10-packs have a suggested retail price of $15.99 or $1.60 per plant-based patty and are only available for a limited time.
By Jessi Devenyns • June 18, 2020 -
Opinion
Big livestock: A long road ahead to a resilient, water-secure future
While the meat industry manages the public health and economic impacts of the pandemic, there's another global threat on the horizon that can't be ignored, writes Kirsten James of Ceres.
By Kirsten James • June 18, 2020 -
Uncle Ben, Cream of Wheat chef and Mrs. Butterworth all under review for racist imagery
Less than 24 hours after PepsiCo announced it was discontinuing its Aunt Jemima branding, Mars, B&G Foods and Conagra Brands are taking another look at the Black faces on their products.
By Megan Poinski • June 18, 2020 -
Splenda owner seeks farmers to grow its own stevia in the US
Heartland Food Products expects to have its sweetener in production domestically by June 2021.
By Jessi Devenyns • June 18, 2020 -
Deep Dive
Private label prospects brighten as recession hits cash-strapped consumers
Even before the pandemic, sales growth in the sector was forecast to outpace that of national brands for the fourth straight year, according to IRI.
By Christopher Doering • June 17, 2020 -
Will food and drink companies' commitments to the Black community make a difference?
Diageo and PepsiCo are the latest to pledge their support, with the soft drink titan promising to increase the number of Black managers and executives in the next five years.
By Jessi Devenyns • June 17, 2020 -
PepsiCo will discontinue Aunt Jemima branding
"We recognize Aunt Jemima’s origins are based on a racial stereotype," Kristin Kroepfl, vice president and chief marketing officer of Quaker Foods North America, said in a statement.
By Megan Poinski • June 17, 2020 -
KKR and former Dean Foods CEO win bankruptcy auction for Borden
A hearing to approve the proposed deal for the milk processor, which filed for Chapter 11 in January, is scheduled for Thursday in Delaware.
By Lillianna Byington • June 16, 2020 -
How Kraft Heinz converts renewed interest into new brand experiences
Through licensing deals, the foodmaker's iconic brands are carefully extending both to merchandise and new food experiences, a company vice president told a virtual conference.
By Megan Poinski • June 16, 2020 -
Organizers cancel Expo East in September
Coronavirus fears caused many to pull out of the event in Philadelphia, but New Hope Network hopes its Spark Change program can still forge some connections.
By Megan Poinski • June 16, 2020 -
Brown-Forman selling Canadian Mist, 2 other brands to Sazerac
The divestiture is the latest by the owner of Jack Daniel’s and Old Forester to prioritize premium, faster-growing brands in its portfolio.
By Jessi Devenyns • Updated Aug. 3, 2020 -
Lawsuit filed about deceptive milk claims on Snack Pack
The Conagra pudding cups say they are made with "real milk," but a consumer lawsuit filed last week says that claim is misleading because they are made with a lowfat powdered dairy ingredient.
By Megan Poinski • June 15, 2020 -
Deep Dive
How coronavirus scrambled eggs
Prices have swung dramatically as the markets and demand have changed and consumers clamor for the protein staple.
By Megan Poinski • June 15, 2020 -
SAP, IBM Food Trust, GS1 move toward supply chain traceability with interoperability test
GS1, the not-for-profit issuer of barcodes, hired a vice president of blockchain in January and is conducting a series of tests to advance the technology's use in food supply chains.
By Emma Cosgrove • June 12, 2020 -
Retrieved from Kellogg on June 10, 2020Column
Leftovers: Pringles cans Wendy's Baconator; Hormel strives for the perfect chili dog
One of the restaurant's most popular items is turned into limited edition crisps, and a New York butcher has a true no-contact sales strategy.
By Food Dive staff • June 12, 2020 -
Nestlé contemplates selling its North American Waters division
Although nothing is set in stone, the company's CEO expressed an interest in more modern offerings to reinvigorate the space.
By Jessi Devenyns • June 12, 2020 -
Retrieved from MycoTechnology on June 11, 2020
MycoTechnology raises $39M to grow its functional ingredients platform
The mushroom technology company's Series D funding round saw participation from big name investors including Greenleaf Foods, Tyson Ventures, Kellogg's investment arm and S2G Ventures.
By Jessi Devenyns • June 11, 2020 -
Danone partners with AI upstart Brightseed to uncover additional health benefits in plants
The companies want to identify molecules in soybeans and other plants that have nutritional value for humans and can be incorporated into milks or yogurts.
By Christopher Doering • June 11, 2020