Corporate Operations: Page 132
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Tyson's plant-based nuggets to launch in 4,000 stores next month
"This kind of quick start demonstrates the capabilities and scale and national reach" of the company, CEO Noel White said on an earnings call.
By Cathy Siegner • Aug. 6, 2019 -
Pernod Ricard gets bigger with TX premium whiskey
This deal comes on the heels of the French spirits giant acquiring Rabbit Hole Whiskey in June as it looks to bring brands into its portfolio with “unique and comprehensive value propositions."
By Jessi Devenyns • Aug. 6, 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 -
Climate change threatens production of non-dairy ice cream
An increase in tropical storms poses a risk to the coconut supply from Southeast Asia, forcing some manufacturers to look for substitutes such as tofu and lab-made milk.
By Cathy Siegner • Aug. 5, 2019 -
Hostess sells Superior Cake to Sara Lee for $65M
The divestiture comes just three years after the Twinkies maker acquired the in-store bakery company for $51 million.
By Anastassia Gliadkovskaya • Aug. 5, 2019 -
Column
Leftovers: French's scoops mustard-flavored ice cream; Baby Shark comes to breakfast bowls
McCormick & Co. and Coolhaus are partnering on a bright yellow frozen dessert based on the condiment, and fall is coming even earlier this year with the launch of Pumpkin Spice Latte creamers.
By Food Dive staff • Aug. 2, 2019 -
Why Tyson is developing the functional snack Pact
The protein giant has been looking elsewhere to continue its growth, and this new brand will be full of health-minded consumers' favorite ingredients.
By Jessi Devenyns • Aug. 2, 2019 -
Tomato harvesting robot grows $1.5M in seed funding
Israeli startup MetoMotion plans to use the investment to bring its first product to market and offer vegetable farmers a solution to today's labor shortage.
By Cathy Siegner • Aug. 2, 2019 -
Survey: 1 in 5 US adults fear their diet could kill them
The nationwide study by Spoon Guru revealed 40% of American consumers worry they will develop serious illnesses because of unhealthy eating.
By Cathy Siegner • Aug. 1, 2019 -
Impossible Burgers are coming to grocery shelves in September
The plant-based burger maker announced a large co-packing agreement with OSI Group and received FDA approval for the soy-derived "bleeding" ingredient to be used as a colorant.
By Jessi Devenyns • Aug. 1, 2019 -
Manischewitz to sell its kosher food business to Kayco
After a number of ownership changes during its long history, the well-known manufacturer of Jewish foods is being acquired by one of the largest kosher food distributors.
By Cathy Siegner • Aug. 1, 2019 -
Molson Coors CEO retires as US sales continue to slide
Mark Hunter's departure comes as the alcohol giant struggles to premiumize and modernize its portfolio and move beyond beer with nonalcoholic cannabis-infused beverages.
By Megan Poinski • Aug. 1, 2019 -
Caffeinated bar maker Verb Energy raises $3.5M to expand
The company plans to use the funding to hire more staff, develop additional energy products and grow its text-message-based subscription program.
By Cathy Siegner • July 31, 2019 -
Rising aluminum costs hit Heineken
It has been an issue for beer makers for several quarters, but other companies' troubles come from a different source.
By Emma Cosgrove • July 31, 2019 -
Retrieved from Nestle on July 30, 2019
Report: Nestlé, Danone and Yili are the world's most valuable food brands
Performance, business strategy, acquisitions and product quality kept these companies at the top of Brand Finance's annual rankings.
By Cathy Siegner • July 31, 2019 -
Beyond Meat's restaurant and foodservice revenue skyrockets 486%
The division raked in $53.8 million in the first half of the year, driving half of the plant-based company's revenue just three months after its IPO.
By Emma Liem Beckett • July 30, 2019 -
Pabst Blue Ribbon tests hard coffee in 5 states
The new product, which has a 5% ABV and is made from coffee and fermented malted barley, is being sold in Florida, Georgia, Maine, New Jersey and Pennsylvania.
By Cathy Siegner • July 29, 2019 -
PepsiCo takes 26% stake in Chinese natural food firm
The beverage giant is buying a minority share in Natural Food International Holding for $131 million, which is part of a larger growth strategy in China.
By Cathy Siegner • July 29, 2019 -
Dean Foods replaces CEO with Eric Beringause amid continued struggles
Ralph Scozzafava is stepping down from the top spot after two years in the role and his successor is tasked with turning around the company.
By Lillianna Byington • July 29, 2019 -
Coca-Cola and PepsiCo exit plastic lobbying group amid environmental concerns
The two soft drink giants have great influence within the industry and the move may encourage other companies to follow suit.
By Jessi Devenyns • July 26, 2019 -
Column
Leftovers: Cheez-It pairs up with House Wine; Tyson turns its chicken into chips
The Any'tizers Chicken Chips come in BBQ, Ranch, and Cheddar & Sour Cream flavors, and Kellogg is throwing itself a party with a limited-edition Froot Loops Birthday Cake variety.
By Food Dive staff • July 26, 2019 -
Study links spicy food to memory loss
This is the first time researchers have looked at the connection between chili consumption and cognitive function.
By Cathy Siegner • July 25, 2019 -
Opinion
Crisco decision adds to conflicting case law over lab testing results
When plaintiffs claim laboratory tests confirm a manufacturer deceptively labeled its food, three attorneys from McGuireWoods argue companies justifiably believe they are entitled to details about those tests.
By James Neale, Trent Taylor and Ben Abel • July 25, 2019 -
Campbell Soup sells Arnott's to KKR for $2.2B
The private equity firm that purchased Unilever's spreads division will also own the Australian snacks maker after negotiations with Mondelez fell through.
By Jessi Devenyns • Updated Aug. 2, 2019 -
Report: Kraft Heinz puts asset sales on hold
Sources told CNBC the company has pulled back on plans to sell its Breakstone's brand of cottage cheese, butter and sour cream, the Plasmon baby food business and Ore-Ida frozen potato brand.
By Cathy Siegner • July 25, 2019 -
Conagra uses AI to identify trends and develop new products
Artificial intelligence sped up R&D dramatically, leading to items based on data launching in just a few weeks.
By Jessi Devenyns • July 24, 2019
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