Corporate Operations: Page 160
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Perdue Farms is the latest company to target plant-based meat alternatives
Chairman Jim Perdue told Bloomberg the company is looking at a variety of non-meat options as potential additions to its chicken and turkey portfolio.
By Cathy Siegner • Sept. 10, 2018 -
Weis Markets targeted by short seller firm
Spruce Point Capital Management claims the Pennsylvania-based chain has used "aggressive accounting changes" to boost its financial results.
By Jeff Wells • Sept. 7, 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 -
Whole Foods workers aim to unionize
Employees hope to address conditions they claim have worsened since Amazon's takeover. Both the grocer and Amazon have a history of quashing such efforts.
By Krishna Thakker • Sept. 7, 2018 -
FreshDirect CEO abruptly steps down
Jason Ackerman leaves after 20 years atop the company he helped start. He will be replaced by co-founder David McInerney.
By Jeff Wells • Sept. 7, 2018 -
Retrieved from PepsiCo on November 01, 2017
PepsiCo forms accelerator program in the US
This marks the snack and beverage company's third major investment in the incubator space this year.
By Jessi Devenyns • Sept. 7, 2018 -
As consumers go digital, Hershey makes e-commerce a priority
Executives at the candy and snack company said online sales are riddled with challenges, including spurring impulse buys and shipping chocolate during the hot summer.
By Lillianna Byington • Sept. 7, 2018 -
Is climate change a threat to world's cocoa supply?
With challenges looming, Nestlé, Lindt, Mars, Mondelez and Barry Callebaut have all ramped up their investments and pledges tied to sustainability of the popular crop.
By Cathy Siegner • Sept. 6, 2018 -
Efforts to curtail dairy consumption should be reconsidered
Researchers found the category was associated with a 2% lower risk of death from any cause, while consuming mostly cheese led to an 8% drop in mortality.
By Cathy Siegner • Sept. 6, 2018 -
MillerCoors eliminates 350 sales jobs as part of reorganization
The company said the cuts are part of its effort to get business "back on track" as the beer manufacturer struggles with falling sales and changing consumer preferences.
By Jessi Devenyns • Sept. 6, 2018 -
Kellogg challenges lawsuit claiming its cereals contain 'toxic' sugar levels
The company is disputing the class distinction of the suit, while arguing the sweetener found in Frosted Mini-Wheats, Smart Start and Raisin Bran is an ingredient "the body indisputably requires."
By Emma Liem Beckett • Sept. 6, 2018 -
Discarded Smucker baking brands reorganized into new company
The new company called Hometown Food, which oversees the Pillsbury, Hungry Jack and Martha White brands, is being run by former executives at Kraft, Mondelez and TreeHouse Foods.
By Lillianna Byington • Sept. 6, 2018 -
Nestlé may find goldenberry is the next superfood
The fruit, which is known for its health benefits and versatility as an ingredient in baked goods, salads or eaten by itself, is closely related to the tomato.
By Christopher Doering • Sept. 6, 2018 -
Deep Dive
Spamalot: Consumers can't get enough of the mercilessly mocked meat
The 81-year old Hormel Foods brand, ridiculed by Monty Python and tied to unwanted email, has remained popular amid shifts toward fresher foods — and record sales are forecast this year.
By Christopher Doering • Sept. 5, 2018 -
Amazon Go rapidly expanding footprint in Seattle with new store
The e-commerce giant opened a third location of its cashierless convenience concept in the Emerald City just days after opening its second outlet.
By Dan O'Shea • Sept. 5, 2018 -
Pepsi rushes into football season with experiential Tailgate Tour, video push
The promotions include prize giveaways, games and performances by the country music duo Locash, along with meet-and-greets with NFL stars.
By Erica Sweeney • Sept. 5, 2018 -
Retrieved from Walmart on July 30, 2018
Walmart pilots its own grocery delivery service
Spark Delivery will crowdsource drivers and offer live-tracking of deliveries, helping the retailer expand its service to more markets.
By Emma Cosgrove • Sept. 5, 2018 -
Danone leads $10.6M investment in water startup Mitte
The tabletop system, which infuses the popular beverage with different levels of minerals from custom cartridges, is planning to sell the product in three U.S. cities in 2019.
By Lillianna Byington • Sept. 5, 2018 -
H-E-B opens its 10th Central Market store
The upscale specialty store has expanded at a snail's pace since it launched in 1994, but its experience-focused approach makes it a tough competitor in Texas's most contested markets.
By Jessica Dumont • Sept. 5, 2018 -
Retrieved from Nestle on September 04, 2018
Nestlé's personalized nutrition pilot taps AI, uses consumer DNA
About 100,000 subscribers are sharing information with the company on their diet and health practices. The information is then used to tailor food products to meet those specifications.
By Cathy Siegner • Sept. 5, 2018 -
Deep Dive
Why an M&A storm is brewing in the coffee market
As consumer demand for premium, on-the-go java skyrockets, Big Food companies such as Nestlé and Coca-Cola are expanding their presence in the space, spending more than $12 billion this year alone.
By Emma Liem Beckett • Sept. 4, 2018 -
Kombucha aims to cash in on cans to broaden reach
The fermented tea's traditional glass bottles give it premium positioning, but more convenient packaging could help capture more mainstream consumers.
By Emma Liem Beckett • Sept. 4, 2018 -
Walmart's online shoppers find more products 'out of stock'
Groceries and other items deemed too expensive to ship are being listed as unavailable as the retail giant adjusts its supply chain and logistics operations.
By Lillianna Byington • Sept. 4, 2018 -
Retrieved from Walmart on April 06, 2018
Walmart invests $41M in new fulfillment center
The warehouse will be built in Bullitt County, Kentucky and will be dedicated to fulfilling online orders for Walmart.com and Jet.com.
By Krishna Thakker • Sept. 4, 2018 -
Tops Markets sees light at the end of the bankruptcy tunnel
The Northeastern chain said it received court approval on a union pension agreement and the closure of 10 underperforming stores.
By Jeff Wells • Sept. 4, 2018 -
Coca-Cola buys Costa Coffee for $5.1B
The soda giant's purchase of the world's second biggest coffee chain is the latest in a wave of big companies perking up with acquisitions.
By Lillianna Byington • Aug. 31, 2018