Corporate Operations: Page 109
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Retrieved from MikMak on August 02, 2020
E-commerce insights platform MikMak raises $10M to expand
The platform, used by companies including Hershey and the J.M. Smucker Co., saw 50% revenue growth as demand for online shopping skyrocketed during the pandemic.
By Lillianna Byington • Aug. 3, 2020 -
Courtesy of Vital Farms
Vital Farms stock climbs 60% after IPO
CEO Russell Diez-Canseco said the pasture-raised eggs company can do its job best if it's answering to the public and independent of funders.
By Megan Poinski • Aug. 3, 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 -
Courtesy of Coca-Cola
Topo Chico Hard Seltzer will be manufactured, marketed and distributed by Molson Coors
The agreement, similar to one signed with Yuengling earlier this month, gives the company known for beer a third hard seltzer brand in its portfolio.
By Jessi Devenyns • Updated Sept. 29, 2020 -
Permission granted by Coca-Cola
Coca-Cola to debut coffee-flavored cola in the US
The beverage, which is already available in international markets, will launch on the company's subscription service this year before hitting shelves across the country in January.
By Lillianna Byington • July 31, 2020 -
Permission granted by Tyson Foods
Tyson Foods to start testing its workers for coronavirus weekly
The company also created a chief medical officer position and plans to add nearly 200 nurses and administrative support personnel to help the health services team.
By Lillianna Byington • July 31, 2020 -
Retrieved from Post, Dunkin' on July 30, 2020
ColumnLeftovers: America runs on Dunkin' cereal; French's and Oskar Blues brew mustard beer
Post's new breakfast offerings are inspired by the restaurant's popular coffee drinks, and PBR gets into the summer with hard peach iced tea.
By Food Dive staff • July 31, 2020 -
How 3 CEOs pivoted their companies in the pandemic
Leaders of Flowers Foods, Bush Brothers & Company and Idahoan discussed changes they have made and challenges they faced in a webinar.
By Megan Poinski • July 30, 2020 -
Better Meat Co. raises $8.1M in funding
The plant-based protein ingredients startup has already worked with Perdue on its Chicken Plus line and looks to expand its partnerships to get more blended meat products to market.
By Jessi Devenyns • July 29, 2020 -
Courtesy of Tyson Foods
USDA faces lawsuit and legislation over increased line speeds at meat plants
Sen. Cory Booker introduced the Safe Line Speeds in COVID-19 Act the same day that the United Food and Commercial Workers International Union filed a federal complaint on the same issue.
By Lillianna Byington • July 29, 2020 -
Retrieved from General Mills on July 29, 2020
Pillsbury reformulates cookie dough to be safely eaten raw
By the end of the summer, all of General Mills' refrigerated products on grocery shelves will be made with heat-treated flour and pasteurized eggs.
By Megan Poinski • July 29, 2020 -
Unilever sells Lipton, other teas to private-equity firm for $5B
The sale to CVC Capital Partners includes 34 brands that generated more than $2 billion in sales in 2020. It will allow the CPG giant to focus on higher-growth businesses.
By Christopher Doering • Updated Nov. 19, 2021 -
Retrieved from Geltor on July 28, 2020
Geltor raises $93.1M to grow animal-free ingredients platform
African swine fever and problematic supply chains could drive interest in their cell-based collagen, the company said.
By Jessi Devenyns • July 28, 2020 -
$1.1B invested in alternative protein in 2020 so far doubles 2019 totals, report shows
Unilever and Tesco rank as the most advanced in their strategies toward alternative protein in FAIRR's study, while Costco, Kraft Heinz and Amazon are at the bottom.
By Megan Poinski • July 28, 2020 -
Deep Dive
How food innovation has continued during the pandemic
Coronavirus has shifted the reasons, processes and funds for new ideas and products, but manufacturers, funders and experts agree: Stopping the process is not an option.
By Megan Poinski • July 27, 2020 -
Opinion
Building brand loyalty to last beyond the pandemic
From being authentic to doing things that help the greater good, Louise Pollock at Pollock Communications says companies need to find ways to stay relevant with consumers during these unprecedented times.
By Louise Pollock • July 27, 2020 -
Courtesy of Gathered Foods
Gathered Foods reels in Christine Mei as CEO
The new leader of the company that produces plant-based seafood brand Good Catch has more than 30 years of experience in the CPG industry. Co-founder Chris Kerr will become executive chair.
By Jessi Devenyns • July 24, 2020 -
Sustainability-marketed products saw sales boost amid pandemic, report says
As consumers started pantry stocking, many still took the time to consider manufacturers' environmental values, according to IRI and the NYU Stern Center for Sustainable Business.
By Lillianna Byington • July 24, 2020 -
Courtesy of Jeni's
ColumnLeftovers: Jeni's brings state fair-inspired flavors to ice cream; Quokka Brew makes jitter-free coffee
The frozen dessert maker will release a new midway-inspired flavor every Thursday this summer, and Heaven's Lettuce launches chips to convince consumers "happiness is hemp."
By Food Dive staff • July 24, 2020 -
USDA
USDA suggests changes to beef market as investigation continues
The report said the price-fixing probe is ongoing, but offered ideas on how the industry could increase transparency and create opportunities for smaller producers.
By Lillianna Byington • July 23, 2020 -
Pork producers face $5B in losses with surplus of hogs
The closure of plants because of the coronavirus has slowed meat processing. The National Pork Producers Council is calling on Congress to pass financial aid for farmers.
By Lillianna Byington • July 22, 2020 -
How a Russian company will bring cell-based chicken to KFC
3D Bioprinting Solutions will use a high-tech printer to make nuggets out of a hybrid of cell and plant-based materials for the chain in Russia. It plans to create similar relationships to develop products in the U.S.
By Megan Poinski • July 22, 2020 -
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 -
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
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