Corporate Operations: Page 124
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Molson Coors invests in L.A. Libations beverage incubator
The beer giant reportedly took a 49% stake in the company that has served as an accelerator for brands such as BodyArmor and Core Nutrition.
By Cathy Siegner • Nov. 19, 2019 -
Marfrig Global Foods increases its stake in National Beef Packing
After purchasing a majority share last year, the Brazilian meat producer bought the rest of Jefferies Financial Group's stake for $860 million. It now owns 81.7% of the U.S. company.
By Jessi Devenyns • Nov. 19, 2019 -
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 -
Why was Quaker Oat Beverage discontinued?
The PepsiCo brand may have failed because of its packaging, name, health claims — or its taste.
By Jessi Devenyns • Nov. 18, 2019 -
Retrieved from Chobani on November 11, 2019
Chobani goes all oat with new yogurt and milk launches
After disrupting the category 12 years ago with its Greek offering, the company is now using the cereal grain to strengthen its market dominance, while adding milk and a dairy creamer.
By Christopher Doering • Nov. 18, 2019 -
China resumes US poultry imports after 4-year ban
The resumption of shipments to the communist country, which ended in 2015 following an avian flu outbreak in the U.S., could be worth more than $1 billion annually, according to the USTR.
By Cathy Siegner • Nov. 15, 2019 -
Layn develops a sweeter variety of monk fruit
The company's Super V Fruit can help manufacturers with sugar reduction and limit the land, water and other resources needed for production.
By Cathy Siegner • Nov. 14, 2019 -
Nextleaf Solutions secures US patents for CBD extraction and purification
In Canada, the company has gone a step further, partnering with BevCanna Enterprises​ to launch cannabis drinks.
By Lillianna Byington • Nov. 14, 2019 -
Nielsen expands analytics partnership with General Mills
The data firm's Global Connect platform will support the CPG company's framework as the food and retail landscape becomes more competitive, fragmented and digital.
By Cathy Siegner • Nov. 14, 2019 -
Symrise to open innovation center at Unilever HQ in the Netherlands
The flavor producer said the integrated product development facility will allow more scientific collaboration with the CPG giant on trendy foods.
By Cathy Siegner • Nov. 14, 2019 -
Retrieved from PepsiCo on November 13, 2019
Pepsi debuts limited-edition non-alcoholic sparkling rosé cola
The soda giant is teaming up with the TV network Bravo to launch the trendy beverage this weekend at its inaugural convention in New York City.
By Cathy Siegner • Nov. 14, 2019 -
Deep Dive
After the summer's hard seltzer spike, will the segment lose its fizz?
This year, market leader White Claw saw exploding sales and even a shortage — and legacy brewers are trying to cash in on what they hope is a lasting trend.
By Lillianna Byington • Nov. 14, 2019 -
Deep Dive
Does the beef against beef make financial sense?
As the holidays approach, plant-based protein companies are making a play for the dinner table.
By Barbara Ballinger • Nov. 13, 2019 -
Tyson: Current market makes accurate forecast impossible
A deadly disease affecting the global hog supply, unpredictable trade policy shifts and a fire in Kansas all made executives wary of predicting next year's earnings — but it's not all bad news.
By Emma Cosgrove • Nov. 13, 2019 -
Banza chickpea pasta raises $20M to expand its products, people and reach
The company, which received the latest round of funding from Enlightened Hospitality Investors and Prelude Growth Partners, says it will be moving into food service next year.
By Jessi Devenyns • Nov. 13, 2019 -
Bolthouse Farms chief rebuilding company after 'wrong marriage' to Campbell Soup
Jeff Dunn, who worked with a private equity firm to acquire the brand earlier this year, said the maker of fresh carrots and refrigerated juices is rapidly innovating and ideally positioned to benefit from demand for plant-based products.
By Christopher Doering • Nov. 13, 2019 -
AB InBev buys remaining stake in Craft Brew Alliance for $321M
The beer giant, which announced the deal in November, said it would sell the Kona Brewing operations in Hawaii to "expedite the regulatory review process."
By Christopher Doering • Updated June 16, 2020 -
Dean Foods files for bankruptcy and is in 'advanced discussions' for sale
"Despite our best efforts to make our business more agile and cost-efficient, we continue to be impacted by a challenging operating environment," CEO Eric Beringause said in a release.
By Lillianna Byington • Nov. 12, 2019 -
59% of adults prefer snacking to meals, Mondelez study finds
According to the company's first-ever "State of Snacking" report, convenience and quality ranked as the top factors impacting choices.
By Jessi Devenyns • Nov. 11, 2019 -
Opinion
Accuracy in food safety: Why good enough isn't good enough
Even a system that catches pathogens 98% of the time could have huge cost and reputational repercussions for a brand, writes Clear Labs CEO Sasan Amini.
By Sasan Amini • Nov. 11, 2019 -
Retrieved from Coca-Cola on November 07, 2019
Coca-Cola's Aha moment: New sparkling water brand debuts in March
The soda giant's first major launch since 2006 will replace Dasani Sparkling and be in eight fusion flavors, two with 30 mg of added caffeine.
By Jessi Devenyns • Nov. 8, 2019 -
Maple Leaf is the first major food company to go carbon neutral
The producer of meat and plant proteins said the move acknowledges the industry's impact on the environment and the need to reduce global greenhouse gas emissions to zero.
By Cathy Siegner • Nov. 8, 2019 -
A fungus among us: Food makers cuddle up to the much maligned mushroom
From jerky to bars, the ingredient is being incorporated into more products by CPG companies wanting to tap into its numerous health benefits and meat-like qualities.
By Christopher Doering • Nov. 7, 2019 -
How Siggi's plans to stay dominant in Icelandic yogurt
CEO Carlos Altschul said the emergence of competitors has kept the brand focused on innovating and growing its market share, with new products expected to arrive on shelves later this year.
By Megan Poinski • Nov. 7, 2019 -
Retrieved from Chobani on November 07, 2019
Chobani Incubator salutes service with veterans cohort
J. Lee Gourmet BBQ Sauce, Amore Congelato and Savor the Flavor will all be participating in a shortened version of the Greek yogurt's mentorship program.
By Megan Poinski • Nov. 7, 2019 -
Millennial parents want ads to reflect equal roles, Kraft Heinz case study says
The cohort finds traditional advertising to be the least influential channel.
By Dianna Christe • Nov. 6, 2019