Corporate Operations: Page 181
-
Maker of Bertolli olive oil settles class-action lawsuit for $7M
Plaintiffs claimed the product was labeled as being "imported from Italy" when the olives came from several places, and that its extra virgin quality could not be verified.
By Cathy Siegner • April 12, 2018 -
Soylent meal-replacement drinks to be sold at Walmart
"We are committed to making our offline experience as robust as our thriving online business," said Melody Conner, Soylent's vice president of sales.
By Cathy Siegner • April 11, 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 -
Kroger plans to hire 11,000 workers, including 2,000 managers
The staffing additions will increase the grocer's workforce by roughly 2% as the supermarket chain boosts its store services and ClickList pickup program.
By Jeff Wells • April 11, 2018 -
Giant Eagle nails down co-location deal with Ace Hardware
The new partnership will place branded hardware outlets inside four of the grocer's stores, with the first one set to open this summer.
By Cathy Siegner • April 11, 2018 -
Can consumers save the maker of the iconic Necco Wafers and Sweethearts?
Since the New England Confectionary Co. said in March it would close if it didn't find a new owner, sales have jumped by 50% and a social media army has rallied to its defense.
By Alicia Kelso • April 11, 2018 -
Opinion
Traceability is a must for companies with zero-deforestation pledges
By publishing their palm oil supply chains, Unilever and Nestlé paved the way for companies to make similar commitments, but Julie Nash of Ceres says other firms need to step up their game.
By Julie Nash • April 10, 2018 -
Whole Foods and Walmart expand home delivery to new cities
Amazon Prime Now delivery is now available at Los Angeles-area Whole Foods stores, while Walmart announced a deal with Postmates for delivery in Charlotte, North Carolina.
By Jeff Wells • April 10, 2018 -
Lucky's Market plans to nearly double its store count
The natural and organic retailer will add 20 new stores to its current count of 28, with new locations coming to Montana, Florida, Colorado and Ohio.
By Jeff Wells • April 10, 2018 -
Special effects: Tetra Pak offers eye-catching options
The company's new lineup includes holographic images, metallic effects and a wooden fiber look.
By Cathy Siegner • April 10, 2018 -
Boxed unveils premium subscription tier
The bulk e-commerce site says the $49-per-year membership was developed for its most regular customers by popular demand.
By Daphne Howland • April 10, 2018 -
Deep Dive
Food and beverage M&A will heat up this year, report says
The annual study from A.T. Kearney found that while deal volume and value dropped in 2017, political events and consumer trends point to more global transactions.
By Cathy Siegner • April 10, 2018 -
Brazilian firm buys majority stake in National Beef for nearly $1B
The purchase comes as the USDA says American consumption of red meat and poultry is projected to hit a record high of 222.2 pounds this year— a growing market Marfrig Global Foods wants to access.
By Cathy Siegner • April 10, 2018 -
SNAP overhaul could level another blow against retailers
Already contending with slim margins and intense competition, grocers also must face the possibility of losing food stamp dollars if cuts proposed by the Trump administration take effect.
By Jeff Wells • April 9, 2018 -
Earth Fare introduces globally inspired food line
The North Carolina-based natural and organic retailer is forging an adventurous culinary path with its globally sourced line of entrées and other food products.
By Cathy Siegner • April 9, 2018 -
How will consumers respond to PepsiCo's new water refilling machine?
The beverage giant is trying 30 Aquafina stations that provide both flavored sparkling and still water products. Some of the devices are charging for the liquid while others are giving it out for free.
By Cathy Siegner • April 9, 2018 -
UPDATE: Report: Supervalu working with adviser on a possible sale
The move comes as the retailer/wholesaler has faced mounting pressure from investor Blackwells Capital to sell off its assets.
By Cathy Siegner • April 9, 2018 -
Opinion
A love letter to working in food
The industry is a satisfying, meaningful and everchanging ride, and Ryan Williams of RISE Brewing Co. writes why it's where he'll stay throughout his career.
By Ryan Williams • April 6, 2018 -
La Colombe looking to sell part of coffee company at $1B valuation
The premium brand, which is majority owned by Chobani yogurt founder Hamdi Ulukaya, has benefited from consumer demand for healthier drinks and convenience.
By Alicia Kelso • April 6, 2018 -
Deep Dive
After a year of explosive growth, can Instacart keep its lead in grocery home delivery?
In an interview with Food Dive, chief business officer Nilam Ganenthiran said the company is focused on deepening relationships and driving more sales with its existing retailer partners.
By Jeff Wells • April 6, 2018 -
Campbell Soup names COO as part of sweeping reorganization
Luca Mignini will now oversee more than 90% of the company's product volume that includes snacks and soups, potentially positioning him as the successor to current CEO Denise Morrison.
By Christopher Doering • April 6, 2018 -
Jim Beam and Budweiser brewing up a limited-edition lager
The beverage will be made using two-row barley and aged on bourbon barrel staves. It will debut in September on the 85th anniversary of the repeal of Prohibition.
By Cathy Siegner • April 5, 2018 -
Has the trend for edible glitter gone too far?
The decoration started out on cakes and cookies, but it has been added recently to beer, coffee, wine, bagels and even pizza in an effort to make food stand out on social media.
By Caroline Macdonald • April 5, 2018 -
Albertsons announces nationwide rollout for Plated meal kits
The retailer says it will introduce the kits to hundreds of its banner stores, including Safeway, Vons, Acme, Jewel-Osco and United Supermarkets.
By Jeff Wells • April 5, 2018 -
Dick Boer to retire as Ahold Delhaize CEO
The longtime company veteran will be replaced by Frans Muller, the current deputy CEO and chief integration officer.
By Jeff Wells • April 5, 2018 -
Smucker to buy Nutrish pet food maker for $1.7B, explore sale of US baking business
These transactions would give the jam maker a stronger foothold in animal products while allowing it to jettison slower-growing brands such as Pillsbury and Martha White.
By Cathy Siegner • April 5, 2018