Corporate Operations: Page 129
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Kraft Heinz beats expectations, but sales continue to slump
The CPG giant slowed its losses, with net sales down 4.8% compared to a year ago, but CEO Miguel Patricio laid out priorities to grow through fewer SKUs and smarter innovation.
By Megan Poinski • Oct. 31, 2019 -
Monster gives energy drinks a jolt with new oat milk blend variety
Facing increased competition from Coca-Cola and even Amazon, the beverage giant is under pressure to innovate its product offerings.
By Jessi Devenyns • Oct. 31, 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 -
Beverage giants pledge $100M to capture more PET bottles with major recycling groups
Amid growing attention around single-use plastic waste, Coca-Cola, PepsiCo and Keurig Dr Pepper are funding a new voluntary effort. The Recycling Partnership and Closed Loop Partners will manage the initiative.
By E.A. Crunden • Oct. 30, 2019 -
Report: Awareness of water risks is rising in food and beverage, but more progress is needed
Sustainability nonprofit Ceres found 77% of 35 publicly traded food and beverage companies consider it to be a potential issue in financial filings, an increase from 59% two years ago.
By Cathy Siegner • Oct. 30, 2019 -
Molson Coors to cut up to 500 jobs in massive restructuring
The brewer also announced it will consolidate its North American headquarters to Chicago and change its name to reflect its decision to expand beyond beer.
By Christopher Doering • Oct. 30, 2019 -
Deep Dive
Why private equity firms are buying food and beverage brands
It's all about opportunity for return, helping brands get to the next level — and having something delicious in the portfolio, investors and analysts tell Food Dive.
By Megan Poinski • Oct. 29, 2019 -
Kind Snacks lays off 15% of its employees
The bar maker said 90 of its roughly 600 workers would lose their jobs before the end of the year in its sales, marketing and accounts management departments.
By Christopher Doering • Oct. 29, 2019 -
Yerba mate beverage maker Clean Cause gets $7M in funding round
The Texas-based maker of organic sparkling drinks will expand sales and marketing and add to the 6,000 locations where products are sold.
By Cathy Siegner • Oct. 28, 2019 -
Health-Ade Kombucha settles alcohol and sugar level lawsuits for $4M
The company denied any wrongdoing, but agreed to a formulation change and a warning statement on the bottle for the next year.
By Jessi Devenyns • Oct. 28, 2019 -
Deep Dive
How soda gets healthy: Remaking the classic beverage with less sugar, more benefits
The drink has long been panned for its association with diseases, but upstarts are trying to redefine the category.
By Christopher Doering • Oct. 28, 2019 -
Kellogg agrees to $20M settlement of 'healthy' sugary cereal lawsuit
The cereal maker denies any wrongdoing, and it's unclear if this will set a precedent for other manufacturers — many of which are dealing with similar cases.
By Jessi Devenyns • Oct. 25, 2019 -
Kraft Heinz's VC arm invests in cannabis software startup Flowhub
Evolv Ventures recently co-led a $23 million funding round for the Denver-based technology company, marking the food giant's first move into the trendy sector.
By Cathy Siegner • Oct. 25, 2019 -
Column
Leftovers: Rockettes-inspired cookies and gingerbread eggnog kick off the holiday season
Who cares that it's not even Halloween yet? It's two months before Christmas, meaning time for festive food and drink to come to grocery shelves.
By Food Dive staff • Oct. 25, 2019 -
Deep Dive
How retro candy brands are hitting the nostalgia sweet spot
Just in time for Halloween, Russell Stover and others are rethinking their marketing and positioning. Will consumers bite?
By Shane Schick • Oct. 24, 2019 -
PepsiCo rolls out its best known drinks for SodaStream
The launch, starting in Europe, is not surprising since the soft drink giant purchased the at-home carbonated water maker for $3.2 billion last year.
By Jessi Devenyns • Oct. 24, 2019 -
Cargill develops a more sugar-like stevia ingredient
The company said it created a botanical extract that when combined with its EverSweet ​sweetener results in a solution that is up to 30% stevia.
By Cathy Siegner • Oct. 24, 2019 -
Retrieved from Daiya Foods on October 23, 2019
Inside Daiya's plan to become a global plant-based powerhouse
After the Canadian allergen-free brand was acquired by Japanese pharmaceutical Otsuka two years ago, it has expanded, improved and found a new consumer base.
By Megan Poinski • Oct. 23, 2019 -
Why Strauss Brands canceled a Milwaukee slaughterhouse project
The beef, lamb and veal processor said it respects community opinion and doesn't want to expand to a place where it isn't wanted.
By Cathy Siegner • Oct. 23, 2019 -
USDA
Private equity firm completes purchase of Innophos for $932M
One Rock Capital Partners closed on its acquisition of the ingredients firm this week and ​in conjunction with the deal, Richard Hooper was appointed CEO.
By Jessi Devenyns • Updated Feb. 7, 2020 -
Molson Coors will launch CBD-infused water in Canada through joint venture
Flow Glow will be available across the country in December and is the first of six cannabis beverage brands from Truss Beverage Co., the beer giant's partnership with Hexo Corp.
By Cathy Siegner • Oct. 21, 2019 -
Will the instant Nestea relaunch be successful?
New Age Beverages is bringing powdered iced tea mix products back to the market through retail outlets and e-commerce.
By Cathy Siegner • Oct. 21, 2019 -
AB InBev claims MillerCoors stole secret beer recipes
A counterclaim in the lawsuit about a Super Bowl advertisement indicates MillerCoors's C-suite asked a former employee of the brewery that makes Bud Lite about the ingredients, processes and alcohol volumes of the beverage.
By Cathy Siegner • Oct. 21, 2019 -
Column
Leftovers: Ramen goes vegetarian; Baileys debuts red velvet Irish cream
Cece's Veggie Co. is swapping zucchini for the traditional wheat flour noodles, and Chobani is launching its second limited-edition charity flavor called Farmer Batch.
By Food Dive staff • Oct. 18, 2019 -
Danone's venture arm buys minority stake in plant-based Forager Project
The investment from the French food giant will enable the upstart to expand its portfolio, increase brand awareness and widen distribution.
By Cathy Siegner • Oct. 18, 2019 -
Nestlé aims to quench sagging water sales by restructuring
The Swiss food giant will shift from a globally managed business to a more localized one, bringing the company closer to the customer and allowing it to focus on higher-margin products.
By Jessi Devenyns • Oct. 18, 2019
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