Corporate Operations: Page 186
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Albertsons-Rite Aid names new president and COO
Jim Donald, a former Starbucks and Haggen executive, will steer the two companies through a tricky merger that would create a $24 billion food-and-drug retailer.
By Dan Alaimo • March 6, 2018 -
FTC challenges Smucker's purchase of Wesson from Conagra
The agency said the purchase by the jam maker, which owns Crisco, would result in it controlling at least 70% of the market for branded canola and vegetables oils, potentially eliminating price competition.
By Cathy Siegner • March 6, 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 -
Walmart introduces meal kits to stores
The retail giant has three different options that vary according to preparation time, including one-step meals that can be ready in 15 minutes and pre-portioned kits similar to those offered by Blue Apron.
By Jeff Wells • March 5, 2018 -
Retrieved from TreeHouse Foods on July 01, 2016
TreeHouse Foods picks Smucker executive as its new CEO
Steve Oakland is joining the Illinois-based CPG manufacturer that has faced executive turnover, slumping sales and plant closures despite being in the lucrative private-label business.
By Cathy Siegner • March 5, 2018 -
Employees want Publix to 'free the beard'
The Southeastern U.S. grocer is testing out a change in its facial hair policy after an employee petition, which had more than 18,000 signatures Monday, urged it to relax its standards.
By Erika Kincaid • March 5, 2018 -
Amazon investors petition SEC to get answers on wasted food
Retailers such as Walmart and Costco are facing similar shareholder concerns.
By Erika Kincaid • March 5, 2018 -
Food and beverage industries warn of higher costs, job cuts from Trump tariffs
While companies such as Campbell Soup said the import taxes will result in higher prices, Commerce Secretary Wilbur Ross told CNBC on Friday they are "no big deal."
By Erika Kincaid • March 5, 2018 -
Kite Hill's new CEO says with expansion, 'nothing is off the table'
Rob Leibowitz sees potential, given the company's track record and the rosy future of the plant-based food and beverage sector.
By Cathy Siegner • March 2, 2018 -
Coke debuts two fruit flavors to capitalize on craft soda craze
The R&D team explored 30 flavor options using input from more than 9,000 consumers. The winning varieties have peaches from Georgia and raspberries from California.
By Cathy Siegner • March 2, 2018 -
Hostess goes upscale with fancy snacks, sweetening 4th quarter profits
Considering the popularity of the Petites line and the recent success with innovating new flavors and products, expect to see more options pop up under this premium label.
By Erika Kincaid • March 2, 2018 -
Pinnacle Foods benefits from demand for natural and frozen products
Sales during the fourth quarter rose 2.9% to $883.5 million as the company posted strong results in its Birds Eye frozen foods and Boulder Brands divisions.
By Cathy Siegner • March 2, 2018 -
Sun Basket opens larger distribution center in New Jersey
The personalized meal kit service said it needed a bigger facility to meet demand for its products primarily serving consumers with diet-specific needs.
By Cathy Siegner • March 2, 2018 -
Better-for-you jerky takes a bigger bite of snacks market
Sales of the popular treat, which topped $1 billion last year, are poised for growth due to its slimmed-down ingredients list, portability and hip new flavors.
By Cathy Siegner • March 2, 2018 -
Deep Dive
Ingredion CEO: 'Food anywhere' trend is putting pressure on ingredients makers
Jim Zallie said on-the-go consumption habits are pushing companies like his to find ways to maintain product texture, heat and appearance throughout the eating experience.
By Emma Liem Beckett • March 1, 2018 -
Aldi will place outposts inside Kohl's stores
The discounter will open up to 10 pilot locations inside the fashion retailer this year, Kohl’s CEO Kevin Mansell said during an earnings call Thursday.
By Jeff Wells • March 1, 2018 -
Kroger raises gun-buying age to 21 at Fred Meyer stores
The move follows similar decisions from Walmart and Dick’s Sporting Goods in the wake of the Parkland, Florida school shooting last month.
By Jeff Wells • March 1, 2018 -
Oatmeal makers wake up to consumer demand for breakfast convenience
Quaker Oats and Bob's Red Mill are among the manufacturers of the popular morning food, already known for its healthy benefits, that have introduced portable on-the-go cups.
By Christopher Doering • March 1, 2018 -
Retrieved from PepsiCo on March 01, 2018
PepsiCo takes vending machine brand Hello Goodness online
The soda giant plans to use the platform to test out new products, increase its presence in the better-for-you snacking space and expand its e-commerce efforts.
By Erika Kincaid • March 1, 2018 -
CEO Boer: Ahold Delhaize is 'well ahead' of e-commerce competition
The retailer's chief executive said he is optimistic about the company’s competitive position because of its experience with home delivery through its Peapod unit.
By Dan Alaimo • March 1, 2018 -
AB InBev's earnings climb 8.2% despite US volume losses
The beer giant also posted declining sales in North America, driven by share losses in its Budweiser and Bud Light brands.
By Cathy Siegner • March 1, 2018 -
Report: Grocery openings declined 28.8% last year
Major chains are curbing growth and focusing on existing stores, while grocery-anchored shopping centers are expanding.
By Jeff Wells • Feb. 28, 2018 -
Coca-Cola cutting up to 350 management positions
The beverage giant plans to start laying some people off on Wednesday, with the rest of the job cuts coming during the next few months as part of a company-wide reorganization.
By Cathy Siegner • Feb. 28, 2018 -
B&G Foods' sales lag forecast, company remains on the lookout for deals
The New Jersey-based food manufacturer posted strong results in its Green Giant frozen products division in 2017, but faced challenges in maple syrup and its Ortega brand.
By Cathy Siegner • Feb. 28, 2018 -
Deep Dive
Hormel Foods CEO: 'We haven't stopped looking' for acquisitions
Jim Snee, whose firm spent $1.4 billion on three deals in 2017, said the company's M&A targets include businesses that are global, multi-cultural, on-the-go and focused on health.
By Christopher Doering • Feb. 28, 2018 -
Perfect Day, a maker of cow-free dairy proteins, raises $24.7M in funding
The ag-tech startup has patented its production process, which involves taking food-grade yeast and adding DNA sequences from dairy cows to create ingredients found in milk.
By Cathy Siegner • Feb. 27, 2018