Corporate Operations: Page 113

  • Beam Suntory acquired On the Rocks in September 2020.
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    Courtesy of Beam Suntory
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    Beam Suntory buys cocktail company, hoping to lead RTD spirits

    The spirits company has plans to expand the range of choices of premixed drinks consumers can enjoy.

    By Jessi Devenyns • Sept. 8, 2020
  • Michel Doukeris, right, will succeed Carlos Brito as CEO of AB InBev on July 1, 2021
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    Courtesy of AB InBev
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    AB InBev picks North America chief to take over as CEO as Carlos Brito departs

    Michel Doukeris was touted for his expertise in innovation, building brands and consumer insight, which could help the brewing giant grow.

    By • Updated May 6, 2021
  • A person in a grocery store putting items in a smart cart. Explore the Trendline➔
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    Courtesy of Instacart
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    Trendline

    Top 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
  • Several workers in protective gear work on a meat production line with plastic dividers between them.
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    Permission granted by Tyson Foods
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    Tyson to pilot 7 medical clinics near meat plants

    After the coronavirus spread at its facilities, the meat giant announced it is partnering with Marathon Health to operate the health centers, which will open early next year.

    By Lillianna Byington • Sept. 4, 2020
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    Permission granted by Olam
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    Inside Olam's shift to enhance its ingredient innovation

    Jill Houk, corporate research and development chef for its spices division, said the company is now doing more co-creating with its CPG customers.

    By Lillianna Byington • Sept. 3, 2020
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    PJeganathan
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    Bunge invests $22.8M in pea and canola protein maker Merit

    The investment in the Canada-based upstart gives the agribusiness powerhouse a minority stake and will help accelerate its product launches.

    By Jessi Devenyns • Sept. 3, 2020
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    Retrieved from Justin's on September 03, 2020
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    Nut butter maker Justin's expands into refrigerated bars

    The Hormel brand is entering a fast-growing segment of the food space but will find itself going up against similar offerings from Kind and Perfect Snacks.

    By Jessi Devenyns • Sept. 3, 2020
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    Permission granted by Califia Farms
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    Califia Farms names CPG veteran Dave Ritterbush as CEO

    The former Quest Nutrition and Popchips chief executive takes over for Greg Steltenpohl, the plant-based company's founder, who is retiring.

    By Lillianna Byington • Sept. 2, 2020
  • Sweet Earth
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    Courtesy of Sweet Earth
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    For Nestlé, the future of food is rooted in plants

    The Switzerland-based company is investing heavily in its Sweet Earth brand and other plant-based offerings to grow in a segment populated by heavyweight competitors and nimble upstarts.

    By • Sept. 2, 2020
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    Courtesy of Chobani
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    Chobani gamifies Instagram Story in multichannel push for new yogurt

    A TV spot, influencer tie-in and audio ads on Spotify and several podcasts round out the effort to introduce Chobani Complete this week.

    By Robert Williams • Sept. 2, 2020
  • Indoggo
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    Permission granted by Indoggo
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    Snoop Dogg joins crowded celebrity gin space with Indoggo release

    The alcohol sector has been popular with big-name investors such as Ryan Reynolds, Jay-Z, Post Malone and George Clooney.

    By • Sept. 2, 2020
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    Retrieved from Climax Foods on September 01, 2020
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    Climax Foods raises $7.5M to improve plant-based food using AI

    The company, founded by the data science lead at Google and Impossible Foods, is starting its research with cheese as it looks to find a simpler and more affordable way to make alternatives.

    By Jessi Devenyns • Sept. 1, 2020
  • Laird Superfood
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    Courtesy of Laird Superfood
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    Plant-based food maker Laird Superfood files for $40M IPO

    The company, which counts Danone Manifesto Ventures as its largest shareholder, posted $11.1 million in sales during the first six months of 2020.

    By • Sept. 1, 2020
  • Ferrara
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    Permission granted by Ferrara
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    A look inside Keebler’s efforts to modernize a 167-year-old cookie brand

    From better ingredients to improved packaging, owner Ferrero is making changes to update the brand it acquired in 2019 from Kellogg without alienating its core consumers.

    By • Sept. 1, 2020
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    Incogmeato
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    Kellogg's Incogmeato challenges skeptics with Postmates sampling, animal influencers

    A phased strategy playfully goads flexitarians to overcome their fears that plant-based meat won't taste good, and arrives as parent company Kellogg ramps up marketing in the second half of 2020.

    By Natalie Black (Koltun) • Aug. 31, 2020
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    morgueFile user cohdra
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    Nestlé buys peanut-allergy treatment maker in $2.6B deal

    The acquisition of Aimmune Therapeutics would significantly boost the Swiss company's large health-science business focused predominantly on dietary management. 

    By • Aug. 31, 2020
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    Wikipedia
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    Deep Dive

    Big CPGs struggle to gain market share during COVID-19 despite sales boost

    IRI data shows while large manufacturers grabbed shelf space at the height of the pandemic, upstarts are taking advantage of out-of-stocks and demand for variety to win it back. 

    By • Aug. 31, 2020
  • Snacks.com homepage, May 12, 2020
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    Retrieved from Snacks.com on May 12, 2020
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    Opinion

    As food brands experiment with DTC, seamless customer service can't be overlooked

    Brad Birnbaum at Kustomer said shipping to a person's home can create stronger relationships and brand loyalty, but companies need to do more to maintain that connection.

    By Brad Birnbaum • Aug. 28, 2020
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    Christopher Doering
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    Coca-Cola to offer buyouts to 4,000 employees, with layoffs to follow

    The beverage giant is streamlining its operations to avoid duplication, help with innovation and get products to market more quickly.

    By • Aug. 28, 2020
  • A person in front of dairy cow stalls owned by a Northwest Dairy Association member making products for Darigold.
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    Courtesy of Northwest Dairy Association/Darigold
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    Darigold names executives to drive its new ingredients business

    The Pacific Northwest farmers' co-op, which decided to move into the space two years ago, will build a factory to manufacture these products.

    By Jessi Devenyns • Aug. 27, 2020
  • Birch Benders' pancake and waffle mix
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    Courtesy of Birch Benders
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    Sovos Brands acquires better-for-you pancake brand Birch Benders

    The deal will expand Sovos' portfolio in the breakfast category, which also currently includes Noosa yogurt. 

    By Jessi Devenyns • Aug. 27, 2020
  • Clio Snacks makes refrigerated Greek yogurt bars wrapped in chocolate
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    Permission granted by Clio Snacks
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    Refrigerated bar maker Clio Snacks closes $8M funding round

    The chocolate-wrapped Greek yogurt bar doubled its sales compared to last year and increased distribution points 57%. 

    By Jessi Devenyns • Aug. 27, 2020
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    Permission granted by Good Karma Foods
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    Good Karma buys its majority stake back from bankrupt Dean Foods

    The plant-based milk brand also raised new capital in a funding round from Valor Siren Ventures and existing investor 2x Consumer Products Growth Partners. 

    By Lillianna Byington • Aug. 25, 2020
  • Lightlife's plant-based burger
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    Courtesy of Lightlife
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    Lightlife urges Impossible Foods and Beyond Meat to clean up their labels

    In an ad in several newspapers, the 41-year-old company says its burger made with 11 easily recognized ingredients represents a future that is "cleaner, tastier, and nutritionally superior."

    By • Updated Aug. 26, 2020
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    Yujin Kim/Food Dive
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    How 3 Black-owned businesses created companies where CPG giants weren't looking

    As protests across the country have led to a racial reckoning in the food space, this series features startups who have filled holes created by an industry long criticized for its lack of diversity. 

    By Lillianna Byington • Aug. 24, 2020
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    Yujin Kim/Food Dive
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    Iya Foods founder leverages her Nigerian roots to tap into a new market

    When CEO Toyin Kolawole noticed there wasn't adequate representation for African-inspired flavors on U.S. grocery shelves, she began pitching her products at trade shows and to buyers.

    By Lillianna Byington • Aug. 24, 2020