Corporate Operations: Page 180
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Kellogg increases vitamin D in range of cereals
The company will increase levels in some of its cereals in European and Middle Eastern markets in order to combat widespread deficiencies of the micronutrient.
By Caroline Macdonald • March 29, 2018 -
Electric vehicles could hurt beverage sales at the convenience store
Fewer consumer visits might affect Monster Beverage, PepsiCo and Dr Pepper Snapple, which depend on impulse purchases and immediate consumption, according to Morgan Stanley analysts.
By Dan Alaimo • March 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 -
Monsanto invests $125M in gene-editing startup Pairwise Plants
The new collaboration will use CRISPR to develop crops that are sweeter or more flavorful, have an extended shelf life, or are more tolerant to drought and floods.
By Cathy Siegner • March 28, 2018 -
Opinion
Thinking outside the meal kit box to improve food safety and quality
While these products have become popular, there are challenges that remain. Steritech's Doug Sutton offers advice on ways to address high cancellation rates and falling sales.
By Doug Sutton • March 28, 2018 -
Retrieved from Nestle on March 27, 2018
Nestle unveils 'hollow sugar' candy bar
The Swiss food giant's new technology reduced the amount of the sweetener used in its Milkybar Wowsomes, a confection sold in Europe, by 30%.
By Cathy Siegner • March 28, 2018 -
Fungi fun: NJ Whole Foods features an in-store mushroom farm
Up to 120 pounds are grown and harvested for shoppers each week as extremely fresh produce at the new location.
By Cathy Siegner • March 27, 2018 -
App that cuts food waste in the supply chain gets $2M in funding
AgShift, a California startup, has developed a process to quickly inspect produce to gauge its freshness and make sure that it complies with industry and USDA specifications.
By Cathy Siegner • March 27, 2018 -
Deep Dive
With $5B purchase of Snyder's-Lance, Campbell Soup aims to rewrite its story
Carlos Abrams-Rivera, an executive with the CPG giant, told Food Dive the acquisition of the Cape Cod chips and Emerald nuts manufacturer will boost his company's presence in the fast-growing snacking space.
By Christopher Doering • March 27, 2018 -
Maker of iconic Sweethearts and Clark Bar candies at risk of closing
The New England Confectionery Company is trying to sell itself, but it may have to shut down and lay off 395 employees if it can't find a buyer by May 6.
By Cathy Siegner • March 26, 2018 -
McCormick sales jump 19% as demand for flavor, acquisitions help spice maker
The company will use some of the savings from the corporate tax cut for one-time $1,000 bonus payments and to accelerate wage hikes for the majority of its U.S.-based hourly workers.
By Cathy Siegner • March 26, 2018 -
Jet taps Tesco grocery veteran as new president
With the hire of Simon Belsham, Walmart's e-commerce operation has signaled the importance of grocery to its long-term strategy.
By Ben Unglesbee • March 26, 2018 -
Mexico's Grupo Comercial Chedraui will acquire Fiesta Mart
The deal effectively doubles the number of stores under the company's Bodega Latina unit and creates one of the largest Hispanic grocery chains in the U.S. — possibly worth $3 billion in annual revenue.
By Jeff Wells • March 26, 2018 -
Whole Foods lays off marketing staff as centralization efforts continue
The elimination of store-level graphic designers and certain regional employees follows the departure of more than a dozen executives due to cultural differences.
By Jeff Wells • March 26, 2018 -
BrightFarms building $17M hydroponic greenhouse in Texas
The company plans to have fresh, pesticide-free and non-GMO greens and herbs grown at its new 180,000-square-foot facility available at local retailers by early next year.
By Cathy Siegner • March 23, 2018 -
Taco Bell's new rollout adds flavor to the retail chip aisle
The partnership between quick-service restaurant products and retail has grown increasingly popular, with Arby's and Bob Evans among the companies infiltrating the grocery store aisle.
By Alicia Kelso • March 23, 2018 -
Online grocery shoppers haven't developed loyalty to one site, study says
Opportunities exist for companies to attract new customers in e-commerce, with many people yet to try it and those that do purchasing from multiple retailers.
By Dan Alaimo • March 23, 2018 -
Blackwells Capital launches proxy fight against Supervalu with board nominations
The activist investor, which owns a 4.9% stake in Supervalu, announced six nominees for the retailer/wholesaler's board elections this summer, including former CEOs at Food Lion and Marsh Supermarkets.
By Dan Alaimo • March 23, 2018 -
Report: Whole Foods stores to fill online orders for top Amazon products
The company is scouting larger locations and wants to repurpose space in existing ones to hold electronics, apparel and other popular products for quick delivery through Prime Now.
By Jeff Wells • March 23, 2018 -
CEO: Earth Fare's AI-powered circular 'helps us understand what [shoppers] want and when they want it'
Frank Scorpintini said the grocer’s weekly Smart Flyer has boosted sales and freed up employees to focus on other priorities.
By Jeff Wells • March 22, 2018 -
Amazon reportedly pressuring suppliers as price war escalates
Customers will also find it more difficult to buy small numbers of tiny items like toothbrushes that are expensive to ship relative to their size, Bloomberg reports.
By Daphne Howland • March 22, 2018 -
Conagra boosts outlook despite higher ingredient and shipping costs
Sean Connolly, the company's CEO, said the Chicago firm continues to invest in its brands and enhance distribution even as outside challenges are "pressuring near-term margins."
By Cathy Siegner • March 22, 2018 -
HelloFresh revenue jumps and aims to breakeven in Q4 2018
During its second earnings call since going public last year, the meal kit company said it posted a 106% increase in active customers and a 119% surge in U.S. orders.
By Alicia Kelso • March 22, 2018 -
Shipt partnership expands delivery options for Weis, Price Chopper and others
By working with digital company Mercatus, the delivery provider will serve hundreds more stores in its first significant retail expansion since Target bought it in December.
By Jeff Wells • March 21, 2018 -
Albertsons brings the fight to Amazon with small brands marketplace
The e-commerce platform, which will ship food and wellness products direct to consumers, will focus on the kinds of items that are being pushed off of Whole Foods' shelves.
By Jeff Wells • March 21, 2018 -
Can HelloFresh's acquisition of Green Chef help it win the category?
The German meal kit company's takeover adds more organic, vegan, paleo and keto menus to its portfolio.
By Dan Alaimo • March 21, 2018