Corporate Operations: Page 18
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Courtesy of Walmart
Private label sales hit record $271B in 2024
All 10 food and nonedible departments tracked by Circana showed store brand dollar growth over 2023, a new report found.
By Catherine Douglas Moran • Jan. 21, 2025 -
Courtesy of Molson Coors
Molson Coors refuses bid by Leinenkugel’s family to buy back plant
The Coors Light producer said it plans to use the Chippewa Falls, Wisconsin, facility as a pilot brewery.
By Chris Casey • Jan. 21, 2025 -
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 / Staff via Getty Images
PepsiCo sued by FTC for allegedly ‘rigging’ soft drink prices
The agency claims the soda giant gave “unfair” pricing advantages to a larger retailer, forcing consumers to pay more at competing stores. Pepsi “strongly disputes” the allegations.
By Christopher Doering • Jan. 17, 2025 -
Courtesy of Spindrift
Spindrift names former Boston Beer head as CEO, sells majority stake to PE firm
The 15-year-old brand has become popular with consumers who are lowering their sugar intake while prioritizing recognizable ingredients — all without sacrificing a fizzy mouthfeel.
By Christopher Doering • Jan. 16, 2025 -
Thai Phi Le/Food Dive
Anheuser-Busch to launch energy drink through Dana White-backed partnership
Phorm Energy, a collaboration with sports nutrition and supplements company 1st Phorm, is expected to debut this summer.
By Christopher Doering • Jan. 16, 2025 -
Scott Olson via Getty Images
Jack Daniel’s owner to close barrel-making plant, cut more than 600 jobs
The restructuring by Brown-Forman, which is expected to generate up to $80 million in annual savings, comes as inflation and changing consumer tastes cut into spirits sales.
By Chris Casey • Jan. 16, 2025 -
Mat Hayward via Getty Images
Constellation Brands pins hopes on Mexican beers as spirits sales decline
As uncertainty looms around potential tariffs, the brewer’s CEO expressed optimism about the outlook for Modelo, Corona and Pacifico.
By Chris Casey • Jan. 14, 2025 -
Keurig Dr Pepper creates energy drink exec role in leadership refresh
The company also named Eric Gorli as president of its $9 billion U.S. refreshment beverage operation, which includes soft drinks, tea and water.
By Christopher Doering • Jan. 14, 2025 -
Courtesy of C.H. Guenther & Son
Hormel Foods CEO to retire after 36 years with the Spam maker
The departure of James Snee, who took over the top post in 2016, is the third leader from a major food company to announce they are leaving since December.
By Christopher Doering • Jan. 14, 2025 -
Permission granted by Hershey
Hershey names new executives to oversee confection, salty snacks
Andrew Archambault, joining from Keurig Dr Pepper, will oversee its sweets business, while company veteran Veronica Villasenor will run brands like Dot’s and SkinnyPop.
By Christopher Doering • Jan. 13, 2025 -
Viktorikus/Stock.adobe.com
Sponsored by Bitly Inc.Score big on game day: 7 essential marketing strategies for food retailers
Get ready to boost game-day sales with winning strategies that attract shoppers and keep them coming back for more.
By Jenny Coppola, Bitly Inc. • Jan. 13, 2025 -
Christopher Doering/Food Dive
Hershey CEO Michele Buck to retire in 2026
Her departure comes as the snacks maker faces challenges including higher cocoa costs, inflation that has curtailed product demand and the proliferation of GLP-1 weight-loss drugs.
By Christopher Doering • Jan. 10, 2025 -
Brandon Bell via Getty Images
Higher egg prices boost Cal-Maine earnings
Bird flu outbreaks have created supply shocks at the grocery store, with some retailers limiting consumer purchases.
By Sarah Zimmerman • Jan. 10, 2025 -
Joe Raedle via Getty Images
Tropicana orange supplier Alico to exit citrus business
The company concluded that "growing citrus is no longer economically viable for us in Florida," with disease and hurricanes reducing production by 73%.
By Sarah Zimmerman • Jan. 10, 2025 -
Getty Images
Louis Dreyfus buys BASF’s food and health ingredients business
The food processor seeks to dominate the plant-based space while chemical producer BASF shifts its focus to other areas.
By Chris Casey • Jan. 9, 2025 -
Courtesy of Duckhorn Portfolio
ColumnThe Weekly Sip: Duckhorn Portfolio names new CEO | Odwalla reemerges with new juices, smoothies
The winemaker is changing leadership after its $2 billion sale, and the juice brand formerly owned by Coca-Cola is tapping into consumer interest for healthier drinks.
By Food Dive staff • Jan. 9, 2025 -
Retrieved from Simple Mills.
Wonder bread owner buys Simple Mills for $795M
Flower Foods' purchase of the better-for-you snack maker is meant to improve its growth prospects while diversifying its portfolio with the addition of crackers, cookies, snack bars and baking mixes.
By Christopher Doering • Jan. 9, 2025 -
Getty Images
Smithfield Foods files for public offering on US stock exchange
The proposed listing comes amid pricing pressures in the pork industry and mounting public scrutiny over the agriculture industry's ties to China.
By Sarah Zimmerman • Jan. 8, 2025 -
Drew Angerer via Getty Images
Pabst and Anheuser-Busch enter into brewing agreement
The deal comes after Pabst’s production deal with Molson Coors ended last month after nearly 20 years.
By Chris Casey • Jan. 7, 2025 -
Justin Sullivan via Getty Images
OpinionNew Year, New Rules: What companies need to know about Prop 65
California businesses manufacturing, distributing, or selling food products containing certain chemicals are required to attach a warning label — but the requirements are changing.
By Sedina L. Banks and Sherry E. Jackman • Jan. 7, 2025 -
Courtesy of Kellanova
Food and beverage M&A activity poised to ‘proliferate’ in 2025
The lion’s share of dealmaking is expected to be smaller bolt-on transactions as companies increase their exposure in fast-growing, trendy areas such as premium, snacking and health and wellness.
By Christopher Doering • Jan. 7, 2025 -
Courtesy of Lifeway Foods, Inc.
Danone accuses Lifeway of allowing its CEO to engage in ‘self-dealing’ and ‘value destruction’
The France-based company, which is offering to buy the kefir producer, plans to file a lawsuit claiming its top executive and board have breached their fiduciary duties to shareholders.
By Christopher Doering • Jan. 6, 2025 -
Getty Images
Sponsored by Allianz Trade in North AmericaWhy cash flow health is top of mind for food and produce CFOs
CFOs are keenly aware that maintaining a stable cash flow is essential for business sustainability.
Jan. 6, 2025 -
Courtesy of Fresh Del Monte
ColumnLeftovers: Newman’s Own shakes up salad kits | Ocean Spray dives into drink mixes
The philanthropic sauce and snacks company is expanding its portfolio, and the cranberry producer is leaning into the popularity of sugar-free mixes.
By Food Dive staff • Dec. 20, 2024 -
Courtesy of Southern Glazer's
Southern Glazer’s sued by FTC for pricing discrimination
The agency's complaint alleges the alcohol distributor has withheld volume discounts to smaller retailers while favoring larger chain stores.
By Philip Neuffer • Dec. 19, 2024
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