Corporate Operations: Page 187
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Report: Dick Boer will step down as Ahold Delhaize CEO
Frans Muller, the former Delhaize CEO, may soon take the top job. European news reports have given few clues as to the reason for the change.
By Dan Alaimo • Feb. 27, 2018 -
Dean Foods announces 'right-sizing' initiative as Q4 sales slide
While the Texas-based producer of DairyPure, TruMoo and Organic Valley hasn't addressed it, the plan "to consolidate its plant network" is likely to involve a reduction in its workforce.
By Cathy Siegner • Feb. 27, 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 -
Deep Dive
As CPGs struggle, McCormick CEO calls flavor demand a 'tailwind' for company
McCormick's sales are projected to increase 12% to 14% during its current fiscal year — an enviable growth rate in the food and beverage space.
By Christopher Doering • Feb. 27, 2018 -
Taking the fight to Amazon, Sam's Club partners with Instacart
The deal increases the Walmart division's e-commerce footprint as it refocuses in the wake of 63 store closures announced in January.
By Cathy Siegner • Feb. 26, 2018 -
Meal-planning app expands into disease prevention
PlateJoy, which partners with Instacart, added a weight-tracking and virtual-coaching app to its personalized meal planning platform so people with prediabetes might avoid developing the disease.
By Cathy Siegner • Feb. 26, 2018 -
Instacart withheld tips and overcharged some customers due to system glitch
In a blog post, CEO Apoorva Mehta said the bug impacted less than 1% of shoppers, and that the company will repay those impacted.
By Jeff Wells • Feb. 26, 2018 -
Califia Farms expands reach in plant-based segment with drinkable yogurt
The maker of almond milk is optimistic its new product containing probiotics and catering to on-the-go consumers concerned about what is in the food they eat will be a hit this spring.
By Erika Kincaid • Feb. 26, 2018 -
Brookshire Grocery buying 8 Louisiana Winn-Dixie stores
The transaction could be the first sale for the beleaguered Southeastern Grocers' subsidiary Bi-Lo, which is reportedly heading for another bankruptcy.
By Dan Alaimo • Feb. 26, 2018 -
Deep Dive
Sugar's future tastes sweet despite health push, competing sweeteners
The U.S. is the largest consumer of the ingredient in the world, but that hasn't stopped CPG companies from reducing their use of the carbohydrate or altering it as people try to eat healthier.
By Erika Kincaid • Feb. 26, 2018 -
Deep Dive
Despite its name, Campbell Soup CEO says it's more than 'a one-trick pony'
In an interview at CAGNY, Denise Morrison said the CPG manufacturer once considered renaming the company to better reflect its breadth of products, which include snacks, organic and fresh foods in demand with consumers.
By Christopher Doering • Feb. 26, 2018 -
Naked brand reaches for a piece of the snacks market
This rollout is the latest big move in the bar category following Mars' acquisition of a minority stake in Kind and Kellogg's purchase of the company that makes RXBar.
By Alicia Kelso • Feb. 23, 2018 -
General Mills to pay $8B for Blue Buffalo natural pet food maker
The acquisition, expected to close by the end of May, would make the food giant the leader in the U.S. natural pet food category.
By Cathy Siegner • Feb. 23, 2018 -
Deep Dive
Tyson Foods CEO hasn't ruled out acquiring Beyond Meat, other venture investments
While an outright purchase could eventually take place, Tyson is interested in helping nascent companies grow while gaining insight into new and emerging markets.
By Christopher Doering • Feb. 23, 2018 -
Sanderson Farms' Q1 net income jumps from higher prices, tax cut
The poultry producer said results benefited from higher market prices for dark meat products from its deboning plants, but prices were lower for white meat.
By Cathy Siegner • Feb. 22, 2018 -
Sprouts posts strong comps again as new stores excel
The natural and organic chain, which plans to open 30 new stores this year, saw same-store sales rise 4.6% while net sales grew to $1.1 billion.
By Jeff Wells • Feb. 22, 2018 -
Amazon Go reportedly plotting 6 more stores
After just a month open to the public, the early success of the cashier-less concept may spur more locations in Seattle and Los Angeles, sources told Recode.
By Corinne Ruff • Feb. 22, 2018 -
Boston Beer's Q4 sales drag on lower shipments, while tax cut boosts income
Sales of Samuel Adams and Angry Orchard brands were only somewhat offset by its Twisted Tea, Truly Spiked & Sparkling brands.
By Cathy Siegner • Feb. 22, 2018 -
Hormel reports Q1 earnings boost despite lagging turkey sales
The strongest performance during the most recent quarter was in the protein giant's Specialty Foods area — now merged with its Grocery Products segment — which reported an 8% profit rise.
By Cathy Siegner • Feb. 22, 2018 -
SpartanNash hits earnings expectations as distribution business grows
On the wholesale side, Spartan noted that its Fresh Kitchen facility will contribute more to its bottom line in 2018. It also aims to add more accounts and incremental sales with high-growth retailers.
By Jeff Wells • Feb. 22, 2018 -
Deep Dive
Hungry for growth: Food companies keep M&A on the menu in 2018
General Mills, Conagra, Hershey and other leading companies said new acquisitions are a priority, with many looking to deal-making as part of a long-term growth strategy.
By Emma Liem Beckett , Christopher Doering • Feb. 22, 2018 -
Tops Markets files for Chapter 11
A large debt load and increasing competition from the likes of Amazon and Walmart set the table for bankruptcy protection.
By Jeff Wells • Feb. 21, 2018 -
When one won't do: More consumers are paying for Prime and Costco memberships
There is now a significant overlap in customers who see value in spending the extra money to have access to each retailer's unique format and products.
By Erika Kincaid • Feb. 21, 2018 -
Deep Dive
At CAGNY, Big Food execs prioritizing e-commerce for future growth
General Mills, Mondelez, Coca-Cola and other major brands discussed increased online investments as consumer demand for hyper-efficiency grows.
By Emma Liem Beckett , Christopher Doering • Feb. 21, 2018 -
Retrieved from Walmart on November 27, 2017
Walmart Q4 sales grow 4%, but e-commerce cools
Revenue, comps and traffic all increased at Walmart, but profits fell and e-commerce disappointed with slower growth than previous periods.
By Ben Unglesbee • Feb. 20, 2018 -
Albertsons acquires Rite Aid
The grocery chain said it's buying the remainder of the pharmacy retailer's stores not being sold to Walgreens Boots Alliance, creating a company with estimated annual revenues of $83 billion.
By Jeff Wells • Feb. 20, 2018