Corporate Operations: Page 150
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Blue Apron stock drops below $1. Could an acquisition be next?
On the heels of poor earnings for the last two quarters, the meal kit pioneer is in danger of being de-listed and has lost more than 90% of its value since going public last year.
By Jessica Dumont • Dec. 19, 2018 -
Conagra finds another buyer for Wesson
The sale to Richardson International for an undisclosed amount comes after the CPG company's deal with Smucker was scuttled by antitrust concerns.
By Christopher Doering • Dec. 19, 2018 -
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 -
Fish fraud 'rampant' in New York, AG report finds
DNA testing found widespread mislabeling of certain species including 27.6% of samples sold as wild salmon, 67% of red snapper and 87.5% of lemon sole.
By Lillianna Byington • Dec. 18, 2018 -
Opinion
Getting the art of new product launches down to a science
Odds are stacked against new products succeeding in a shifting market, but Marsha McGraw, SVP, President U.S. Market at Catalina, says data-driven practices can help.
By Marsha McGraw • Dec. 18, 2018 -
It's not easy being cheesy: How the dairy industry works through an oversupply
Cold storage facilities are packed to the brim with about 1.4 billion pounds of Swiss, cheddar, American and more.
By Nina Sparling • Dec. 18, 2018 -
Despite its popularity, Kellogg's RXBAR sheds 40 employees
The news comes at the tail end of a strong year for the protein bar company, but a spokesperson said the layoffs are proactive as the business plans for 2019.
By Nina Sparling • Dec. 17, 2018 -
Lakeview Farms snacks on hummus and salsa with latest acquisition spree
The maker of refrigerated dips, desserts, seafood salads and spreads purchased Tribe Mediterranean Foods and Simply Fresh Foods for an undisclosed amount.
By Cathy Siegner • Dec. 17, 2018 -
Coca-Cola invests in PET recycling company
Ioniqa Technologies is developing the tools to process otherwise hard-to-recycle plastics as the soda company wants to transition to at least 50% recycled packaging materials by 2030.
By Nina Sparling • Dec. 14, 2018 -
Barry Callebaut aims for sustainability by 2025
With climate change looming as a threat to the cocoa industry, the chocolatier is making progress on four ambitious goals.
By Jessi Devenyns • Dec. 13, 2018 -
Absolut pressure: Activist fund Elliott takes stake in Pernod Ricard
It said the French alcohol giant has "significant potential for improvement" after recently underperforming and losing market share.
By Lillianna Byington • Dec. 13, 2018 -
Aleph Farms raises cell-grown steaks
The Israel-based startup said its new product is "delivering the full experience of meat with the appearance, shape and texture of beef cuts."
By Cathy Siegner • Dec. 13, 2018 -
Whole Foods stops using takeout containers with problematic chemical
A study of food packaging in five major grocery companies found more than two-thirds may have been treated with PFAS, a toxic chemical known to cause health problems.
By Kristine Sherred • Dec. 12, 2018 -
Hain Celestial settles SEC charges over lax internal controls
The U.S. Securities and Exchange Commission said it did not fine the company following its "extensive cooperation." The food maker neither admitted nor denied the findings.
By Christopher Doering • Dec. 12, 2018 -
Monster Energy drink didn't cause heart attack, jury finds
The 18-year-old plaintiff faulted the energy drink company for not disclosing the amount of caffeine in the beverage — or its potential consequences.
By Jessi Devenyns • Dec. 11, 2018 -
5 lawsuits that could change the food industry
From unknown ingredients and debatable labels to the spreading of salmonella and E. coli, this year has not been short of litigation that can make a big impact.
By Lillianna Byington • Dec. 11, 2018 -
Costco plans to beef up animal antibiotics policy
By 2020, the warehouse club retailer will only use medicines for therapeutic use under the supervision of a licensed veterinarian.
By Cathy Siegner • Dec. 11, 2018 -
Opinion
Finally, the food industry is coming around to the science of women's nutrition
While modern science has taken steps to make up for lost time, Villanova Business School faculty member Keith Wright writes that some in the business community are taking matters into their own hands.
By Keith Wright • Dec. 11, 2018 -
Smithfield invests $45M in South Dakota facility amid growing pork demand
A rise in the global population, surging protein consumption and expanding middle classes are creating additional interest in meat, prompting more companies to invest millions in new production.
By Jessi Devenyns • Dec. 10, 2018 -
Kellogg expanding Cheez-It, Pringles and Rice Krispies with new snack offerings
The cereal and snacks maker is the latest company to use established brands as a platform to launch new products, joining M&Ms, Lay's, Oreos, Twinkies and Cheerios.
By Cathy Siegner • Dec. 10, 2018 -
Smart shelf management can drive sales, study finds
Getting product assortment and placement right may be the key to influencing in-store purchasing decisions, according to Acosta.
By Jennifer Sweeney • Dec. 10, 2018 -
Deep Dive
It's not easy being green: Romaine lettuce E. coli outbreak rattles food, grocery industries
The FDA's decision to request that the popular green gets pulled from shelves sent "a strong message" to the produce sector, according to a former agency official, while costing supermarkets millions of dollars in losses.
By Christopher Doering • Dec. 10, 2018 -
Column
Leftovers: Baileys makes baking more indulgent; cannabis meets protein snacks
A new ingredient combines the taste and smell of the popular liqueur with chocolate chips, and a new treat makes it harder to fumble gift-giving.
By Food Dive staff • Dec. 7, 2018 -
Constellation pours $100M into female-led alcohol brands
The company's first investments in this initiative are Austin Cocktails, which makes bottled craft cocktails and Vivify Beverages, which makes hard sodas.
By Lillianna Byington • Dec. 7, 2018 -
InnovoPro gets $4.25M to launch chickpea protein products
The food technology company plans to use the funding to scale up production, support sales and expand into new global markets.
By Cathy Siegner • Dec. 6, 2018 -
New JBS head wants a US IPO
Gilberto Tomazoni told analysts it was a priority — but the company has previously signaled intentions for a stock offering and pulled back six times.
By Cathy Siegner • Dec. 6, 2018