Corporate Operations: Page 136
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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 -
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 -
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 -
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 -
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 -
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 -
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 -
Retrieved from Starbucks on July 22, 2019
Nestlé launches Starbucks creamers inspired by its signature drinks
This is the fourth new product since the Swiss CPG giant purchased the right to sell some of the coffee chain's branded products in grocery stores last August.
By Jessi Devenyns • July 23, 2019 -
Deep Dive
With the dairy industry in a sour state, Borden CEO plots comeback for one-time milk giant
In its heyday, the Texas company posted $7 billion in sales and was the nation's largest dairy producer. Today, revenue sits at $1.2 billion and its reach spans just 13 states.
By Christopher Doering • July 23, 2019 -
Coca-Cola invests $20M in Health-Ade Kombucha
The move builds on previous investments the soda giant made to expand its portfolio to become a "total beverage company."
By Cathy Siegner • July 22, 2019 -
CBD sparkling water maker Sweet Reason raises $2.5M
The startup joins a growing number of food and beverage manufacturers looking to sell products with the controversial ingredient despite a lack of regulatory clarity from the FDA.
By Anastassia Gliadkovskaya • July 22, 2019 -
PepsiCo acquires South Africa's Pioneer Foods for $1.7B
The deal is expected to be completed in 2020. It will create a new business unit in the soda giant's Europe Sub-Saharan Africa division.
By Jessi Devenyns • July 22, 2019 -
Plant-based meat market forecast to reach $85B by 2030, report says
Investment firm UBS said that figure could be conservative if innovation and consumer awareness drive more consumption among consumers.
By Cathy Siegner • July 22, 2019 -
Leftovers: Space Food Sticks relaunch with cannabis; Nutri-Grain shrinks down for kids
The out-of-this-world snacks are making a comeback with 5 mg of THC, and Kellogg is debuting a bite-size version of its signature bars.
By Food Dive staff • July 19, 2019 -
How DuPont's $100M probiotics fermenter could expand functional food offerings
The company said the facility is the world's largest and will make the gut-friendly bacteria for food, beverages and dietary supplements.
By Cathy Siegner • July 18, 2019 -
Equinom breeds non-GMO high protein soybeans
The Israeli startup said its crops contain nearly 58% protein — 50% higher than the industry standard.
By Cathy Siegner • July 18, 2019 -
Lay's selfie-focused 'Smiles' campaign returns, building on success of 1st run
The Frito-Lay brand claims the first crack at the concept resulted in 700 selfies posted per day with its products.
By Peter Adams • July 18, 2019 -
Deep Dive
Was Prime Day a grocery win for Amazon? Four experts weigh in
The company along with Whole Foods ran a slew of online and in-store promotions, though the ultimate measure of success may be a record number of Prime membership signups.
By Jessica Dumont • July 18, 2019 -
Food Dive's top 10 stories for summer reading
From Big Food embracing CBD to arsenic in bottled water, it's been a newsworthy season in the food business.
By Food Dive staff • July 17, 2019
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