Corporate Operations: Page 168
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Retrieved from Kroger on June 28, 2018
Kroger's driverless delivery test underscores a focus on the future
The grocer's partnership with Nuro is the latest bet the company has made to get ahead of competitors and respond to consumer demands.
By Jeff Wells • June 29, 2018 -
Constellation's Q1 profit disappoints even as beer sales post slight gain
The owner of Modelo and Corona said it experienced higher marketing and transportation costs, and challenges in its wine and spirits brands.
By Emma Liem Beckett • June 29, 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 -
Burger King and Budweiser resurrect 'Whassup,' but with a royal twist
The companies teased the collaboration in a Twitter exchange recreating dialogue from the iconic spot earlier this week.
By Erica Sweeney • June 29, 2018 -
Lawsuit charges Smithfield, Hormel, Tyson and others with fixing pork prices
The charge claims the firms have conspired since 2009 by sharing confidential information. Hormel said the charges are "without merit."
By Cathy Siegner • June 29, 2018 -
Hoping to make green, investors look to vertical farms
BrightFarms raised $55 million, while Gotham Greens, another hydroponic grower and distributor of fresh produce, brought in $29 million.
By Cathy Siegner • June 29, 2018 -
McCormick sales surge 19% as consumers hunger for flavor
The Maryland spice maker posted operating income of $192 million for its second quarter, topping forecasts, while also reiterating growth of 13% to 15% in 2018.
By Christopher Doering • June 28, 2018 -
Smucker accelerates into partnership with startup investor Rev1 Ventures
The Ohio CPG firm will use the collaboration to connect with entrepreneurs and technologies to improve innovation.
By Cathy Siegner • June 28, 2018 -
No yolk: JUST Egg is rolling out to new markets soon — including grocery consumers
The mung bean-based vegan substitute has proven popular among patrons at restaurants in three metro areas.
By Megan Poinski • June 28, 2018 -
Soy protein helps people lose weight and keep it off, study says
Researchers from the University of Colorado looked at diets with and without the legume and determined it's "acceptably comparable in efficacy to other proteins" in shedding pounds.
By Cathy Siegner • June 28, 2018 -
Giant has an eye on the future with e-commerce hubs
The retailer’s latest facility, which focuses on curbside pickup and delivery, is part of a $22 million capital investment that also includes four store remodels.
By Jeff Wells • June 27, 2018 -
General Mills cutting 625 jobs as yogurt, baking brands struggle
The company's Q4 earnings beat expectations, with net sales rising 2.2% to $3.89 billion, but investments in Yoplait and other brands have yet to pay off.
By Emma Liem Beckett • June 27, 2018 -
Conagra sales rise amid strong growth in snacks and frozen foods
Purchases like Angie's Boomchickapop, attention to branding and renovation of some of its older products and segments are benefiting the CPG giant.
By Megan Poinski • June 27, 2018 -
Produce groups balk at Kroger's new 90-day payment policy
Suppliers of fresh fruits and vegetables are worried they could lose repayment protections under federal law if they go along with Kroger's plan, which kicks in Aug. 1.
By Cathy Siegner • June 27, 2018 -
Conagra buying Pinnacle Foods for $10.9B in cash and stock
The purchase unifies the makers of Marie Callender's and Birds Eye, creating a frozen foods powerhouse with greater scale in the rapidly growing space.
By Christopher Doering • June 27, 2018 -
Retrieved from Starbucks on June 27, 2018
Packaged Teavana products are coming to grocery shelves
The goal is for Starbucks to make the premium teas more accessible to buyers who may not want to go to a specialty store.
By Patti Zarling • June 26, 2018 -
Reddi-wip goes non-dairy with almond and coconut varieties
Conagra's new versions of the popular whipped topping contain 10 calories per serving and no artificial flavors or preservatives.
By Cathy Siegner • June 26, 2018 -
Investors pressure Big Food to reduce plastic packaging use
The Plastic Solutions Investors Alliance, which has 25 investors managing more than $1 trillion in assets, said a failure to change risks "exposing companies to reputational damage."
By Cathy Siegner • June 26, 2018 -
Amazon Prime savings expands to all Whole Foods stores
The online giant's discounts could double Whole Foods' customer base during the next 5 to 10 years, an RBC tech analyst told CNBC.
By Krishna Thakker • June 26, 2018 -
Kroger and Home Chef aim to have meal kits in stores this summer
Home Chef's chief revenue officer Rich DeNardis told Food Dive the company's data-mining and R&D capabilities will fuel innovation across the retailer's prepared foods offerings.
By Jeff Wells • June 26, 2018 -
Publix's approach to real estate provides cost-saving advantages
The chain is buying up stores and shopping centers where its grocery locations are anchored — a move that generates tax breaks and offers more control over co-tenants and competition.
By Alicia Kelso • June 26, 2018 -
Opinion
Canada's 'better for you' food and beverage sector presents big opportunity for investors
Ideas and chances for investment are everywhere up north, explains PR professional Steve Campbell.
By Steve Campbell • June 26, 2018 -
Ocado will give Kroger added flexibility, take pressure off stores
In addition to home delivery, automated warehouses will help the supermarket chain fulfill its store pickup orders as demand rises, CEO Rodney McMullen said during a conference call last week.
By Jeff Wells • June 25, 2018 -
Hain Celestial's CEO to step down as takeover rumors swirl
Irwin D. Simon, who founded the natural and organic giant 25 years ago, will become non-executive chairman of the board after a replacement is selected.
By Emma Liem Beckett • June 25, 2018 -
Why Danone plans to buy up to 25 food startups
The French company wants acquisitions that focus on heath, sustainability, plant-based protein and other on-trend areas.
By Patti Zarling • June 25, 2018 -
Mile high? Molson Coors generating buzz with possible cannabis investment
A move by the Denver-based brewing giant would make it the second major beer producer to enter the marijuana segment, joining Constellation Brands.
By Cathy Siegner • June 25, 2018