Corporate Operations: Page 163
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Post Holdings sells stake in private label business to PE firm
The manufacturer of Shredded Wheat and Bob Evans hash browns also posted growth during its most recent quarter amid strong sales in cereal and refrigerated foods.
By Jessi Devenyns • Aug. 3, 2018 -
Albertsons joins forces with venture capital firm to invest in emerging technologies
The grocer has partnered with Greycroft to create a $50 million fund that will be used for the company's digital transformation.
By Jessica Dumont • Aug. 3, 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 -
As Necco liquidates candy lines, there are more questions than answers
Former employees also have sued Round Hill Investments for not providing enough notice before closing the factory.
By Megan Poinski • Aug. 3, 2018 -
B&G Foods bulks up on Green Giant frozen items as company sales jump 7.4%
The owner of Pirate's Booty and Ortega said earnings before certain charges fell 4.7% to $74.4 million due to higher freight costs and the timing of price increases.
By Christopher Doering • Aug. 3, 2018 -
Kroger buys real estate to get Lucky's in Florida
Rather than go head-to-head with Publix on its home turf, the grocer is helping bankroll a promising upstart that attracts consumers looking for natural, organic and private label groceries.
By Alicia Kelso • Aug. 2, 2018 -
Sprouts sees earnings rise, names new merchandising officer
The natural and organic retailer saw net sales rise to $1.3 billion while same-store sales grew 2%.
By Jeff Wells • Aug. 2, 2018 -
Suit: Wegmans employee told to 'suck it up' after requesting FMLA leave
Managers often create employment law violations by wearing their hearts on their sleeves, experts say. But training can help.
By Lisa Burden • Aug. 2, 2018 -
Retrieved from TreeHouse Foods on July 01, 2016
Still in transition, TreeHouse's sales nudge up
When adjusted for divestments and SKU rationalization, it appears that the private label manufacturer could be on the path to improvement.
By Megan Poinski • Aug. 2, 2018 -
Kellogg benefiting from push into healthier foods, emerging markets
The manufacturer of Special K and Rice Krispies said cereal sales declined "moderately" during the quarter as the company focused more on its wellness attributes.
By Christopher Doering • Aug. 2, 2018 -
Nestlé works to convince US consumers it's more than a chocolate company
The Swiss company is constantly adjusting its portfolio to better reflect trends in food, with M&A expected to be a big part of that strategy going forward, according to one executive.
By Christopher Doering • Aug. 2, 2018 -
Expansions, real estate deals boost Publix Q2 earnings
The Florida-based grocer capitalized on its renowned customer service while expanding, helping the company post a 24.5% jump in net earnings.
By Krishna Thakker • Aug. 2, 2018 -
Walmart hit with $2B lawsuit over produce technology
Zest Labs claims the retailer stole its proprietary information to develop Eden, a management system that can extend the shelf life of fruits and vegetables.
By Alicia Kelso • Aug. 2, 2018 -
Blue Apron posts loss as customer count falls 24%
The meal kit maker's CEO called 2018 "a year of transition" as the company grapples with higher marketing costs, fewer users of the platform and challenges reaching profitability.
By Krishna Thakker • Aug. 2, 2018 -
Retrieved from Kroger on August 01, 2018
Skip the store: Kroger unveils direct-to-consumer grocery marketplace
The company's Ship service will launch in four cities and offer more than 50,000 shelf-stable and bulk products, with free delivery on orders over $35.
By Jeff Wells • Aug. 1, 2018 -
Molson Coors plans to 'aggressively address' flat North American sales
The brewer of Miller Lite and Coors Light also said its Canadian unit formed a joint venture with Hydropothecary Corp. to develop non-alcoholic, cannabis-infused beverages.
By Christopher Doering • Aug. 1, 2018 -
Retrieved from Nestle on January 31, 2018
Nestlé names new CMO for North American water portfolio
Yumi Clevenger-Lee's background in product innovation and launches could help the marketer stay competitive in a quickly moving category.
By Erica Sweeney • Aug. 1, 2018 -
Three startups secure a total of $350M to challenge traditional players in food and beverage space
Brandless, Bulletproof and Apeel each announced new funding this week, which they will use to extend their footprints and technology.
By Alicia Kelso • Aug. 1, 2018 -
DouxMatok and European sugar company partnership could sweeten CPG reformulations
The Israel-based manufacturer of sugar-reducing technology will have its product manufactured and distributed in Europe by Südzucker. A similar U.S. partnership may be announced soon.
By Megan Poinski • Aug. 1, 2018 -
Sara Lee's new owner hopes to thaw sales through R&D
Private equity firm Kohlberg & Company, which acquired the iconic frozen baked goods brand and Van's Foods from Tyson in June, hopes to re-energize the brand.
By Patti Zarling • Aug. 1, 2018 -
Activist investor Third Point takes more than $300M stake in Campbell Soup
Dan Loeb, who oversees the hedge fund, took a 1.25% stake in Nestlé valued at more than $3 billion a year ago.
By Christopher Doering • Aug. 1, 2018 -
Mark Gross to step down as Supervalu CEO
Gross had overseen key wholesale acquisitions and will depart after the company's merger with United Natural Foods closes.
By Jeff Wells • July 31, 2018 -
Aldi grows in the Garden State with 6 new stores
The hard discounter is focusing on a densely populated state it knows well — despite challenges its rival Lidl faced expanding in New Jersey.
By Megan Poinski • July 31, 2018 -
Consumers look beyond ingredients when deciding what product to buy
Manufacturers are turning to bolder flavors, colors, packaging and new messaging to get shoppers excited about their product, according to one analyst.
By Jessi Devenyns • July 31, 2018 -
Danone's sales surge amid strong yogurt demand, social responsibility push
While innovation and savvy investments help drive growth in much of the world, the company is embracing sustainability and consumer trends to foster future expansion.
By Megan Poinski • July 31, 2018 -
Deep Dive
Going around the grocery: How brands use e-commerce to sell direct-to-consumer
As the model continues to expand, brands and grocers are searching for innovative methods to reach consumers through data, technology and content.
By Krishna Thakker • July 30, 2018