Corporate Operations: Page 14
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Courtesy of The J.M. Smucker Co.
Hostess refreshes packaging, logo as part of modernization drive
The repackaging marks the first step in a broader transformation of Hostess by J.M. Smucker, which purchased the maker of Ding Dongs and Twinkies for $5.6 billion last year.
By Peter Adams • Dec. 12, 2024 -
Permission granted by The Campbell's Company
V8 partners on Bloody Mary RTD beverage
The limited-time Spritz, which contains wine instead of vodka, aims to promote the versatility of The Campbell’s Company product and expand it into new usage occasions.
By Christopher Doering • Dec. 12, 2024 -
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 -
Michael M. Santiago via Getty Images
Unilever CFO sees 7.5% pay boost for new procurement, tech responsibilities
Fernando Fernandez will receive a pay bump to take control of supply chain and tech as the CPG company navigates the separation of its $19.5 billion ice cream business.
By Grace Noto • Dec. 12, 2024 -
Mario Tama via Getty Images
Albertsons sues Kroger over failed merger
Albertsons has terminated the merger agreement, alleging Kroger did not offer an adequate divestiture package and repeatedly ignored regulators’ concerns.
By Catherine Douglas Moran , Jeff Wells • Updated Dec. 11, 2024 -
Courtesy of Momofuku
Deep DiveFrom restaurant to retail: How Michelin-starred brands are infiltrating the grocery store
The channel provides establishments such as Momofuku and Carbone with new revenue streams and an opportunity to reach additional consumers.
By Chris Casey • Dec. 11, 2024 -
Scott Olson via Getty Images
Hershey’s confection president leaves after 3 months, returning to PepsiCo
CEO Michele Buck will oversee the business on an interim basis while the company searches for a replacement.
By Christopher Doering • Dec. 10, 2024 -
Mario Tama via Getty Images
Butterball to shutter Arkansas turkey plant, lay off 180 workers
The closure adds to a wave of layoffs in the agriculture industry as weak sales continue to weigh on profits across the sector.
By Nathan Owens • Dec. 10, 2024 -
Catherine Douglas Moran/Food Dive
OpinionData and consumer insights are essential for CPG growth in a shifting market
Financial pressures have led consumers to shop more mindfully, prompting brands to adopt a data-driven approach to delivering value, says Circana’s chief commercial officer.
By Jeremy Allen • Dec. 10, 2024 -
Permission granted by Unilever
Unilever finds its fast-growing Talenti line is anything but vanilla
Behind innovative flavors such as Alphonso Mango Sorbetto and Caramel Cookie Crunch Gelato, sales have nearly doubled since 2014, outpacing the broader ice cream category.
By Christopher Doering • Dec. 10, 2024 -
Courtesy of Voyage Foods
OpinionWhere is the food tech sector headed? Cocoa and coffee alternatives provide a clue
As alternatives to commodities gain traction, companies can create opportunities for investment in both alternative and incumbent solutions, the head of climate tech at J.P. Morgan writes.
By Kelly Belcher • Dec. 9, 2024 -
Permission granted by PepsiCo
Q&APepsiCo’s ‘we can’t do it alone’ thinking prompts food giant to look for outside help
The snack manufacturer's Culinary Advisory Board consists of chefs, culinary scientists and restaurateurs, to assist in creating new products and provide feedback on its offerings and strategy.
By Christopher Doering • Dec. 9, 2024 -
Justin Sullivan via Getty Images
Nestlé USA names Martin Thompson as CEO
The CPG veteran, who previously ran the food and beverage giant’s U.S. coffee business, will take on the new role starting in 2025.
By Christopher Doering • Dec. 5, 2024 -
Graeme Robertson via Getty Images
Mondelēz VC arm invests in cocoa-tech company Celleste Bio
The Cadbury and Toblerone maker was among the investors who participated in a $4.5 million financing round for the developer of cell-cultured cocoa.
By Christopher Doering • Dec. 5, 2024 -
Craig Barritt via Getty Images
Stoli vodka owners file for bankruptcy following cyberattack
The company's CEO said that its IT systems have been affected since the ransomware attack earlier this year, which coincided with the seizure of distilleries producing the spirit in Russia.
By Chris Casey • Dec. 4, 2024 -
Spencer Tirey via Getty Images
Cargill cuts 5% of global workforce after profits decline
The move, which will affect approximately 8,000 jobs, comes as the world's largest private company plans to streamline operations in the face of lower crop prices and challenges in beef.
By Sarah Zimmerman • Dec. 4, 2024 -
Christopher Doering/Food Dive
The Campbell’s Company names Mick Beekhuizen as CEO
The CPG veteran, who currently oversees the soup giant’s $5.3 billion meals and beverages division, will take over for Mark Clouse on Feb. 1.
By Christopher Doering • Dec. 3, 2024 -
Justin Sullivan via Getty Images
Constellation Brands selling Svedka vodka to Sazerac
The divestiture comes as the Corona brewer focuses on premium wine and spirits while distancing itself from its less expensive offerings that are seeing a decline in consumption.
By Chris Casey • Dec. 3, 2024 -
Stephen Chernin via Getty Images
OpinionThe time is now for the upcoming FDA Food Traceability Rule
Legislators should reject attempts to further delay or diminish the bi-partisan work in support of this critical food safety tool, argues Consumer Reports food policy director Brian Ronholm.
By Brian Ronholm • Dec. 3, 2024 -
Kritchai Chaibangyang via Getty Images
TreeHouse Foods buys private label tea business for $205M
The purchase will strengthen its competitive position in the fast-growing beverage category while building its presence in higher-growth, higher-margin businesses.
By Christopher Doering • Dec. 2, 2024 -
Scott Olson via Getty Images
The Campbell’s Company names head of supply chain
The CPG giant announced company veteran Cassandra Green as its SVP and head of supply chain amid a production overhaul.
By Alejandra Carranza • Dec. 2, 2024 -
Permission granted by Smarties Candy Company
How candy maker Smarties bet on a single product and won big
The 75-year-old company is posting record sales with its tiny circular tablets and attracting suitors interested in purchasing the family-owned business.
By Christopher Doering • Dec. 2, 2024 -
Christopher Furlong via Getty Images
Canopy Growth taps Mars veteran Luc Mongeau as CEO
The struggling company said the CPG executive, with experience in pet care, furniture and cannabis, is ideally positioned to oversee its next phase of growth.
By Chris Casey • Nov. 26, 2024 -
Courtesy of Lifeway Foods
Lifeway says Danone’s latest offer ‘undervalues’ firm, but board not opposed to a sale
The kefir maker touted its ability to increase shareholder value, noting its recent growth and demand for its products from consumers interested in healthy foods.
By Christopher Doering • Nov. 26, 2024 -
SDI Productions via Getty Images
OpinionCalifornia’s food safety overhaul: From label to table
With looming compliance deadlines, companies must prepare now to make sure they’re following the state’s food ingredient and labeling laws.
By Sedina L. Banks and Sherry E. Jackman • Nov. 26, 2024 -
Chip Somodevilla via Getty Images
How RFK Jr. could shake up the food industry
Trump’s HHS pick is expected to work to eliminate processed foods from school lunches and push for the removal of dyes from cereals and other items.
By David Silverberg • Nov. 26, 2024
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