Corporate Operations: Page 19
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Drew Angerer via Getty Images
USDA to strengthen oversight of meat plants after listeria recalls
The Food Safety and Inspection Service said it will prioritize in-depth food safety reviews at ready-to-eat meat and poultry facilities, as well as other steps to protect public health.
By Sarah Zimmerman • Dec. 19, 2024 -
Christopher Doering/Food Dive
Post Holdings to buy potato company for undisclosed amount
The purchase of Potato Products of Idaho complements the CPG company’s existing presence in spuds through foodservice and branded items such as Bob Evans sides and Simply Potatoes.
By Christopher Doering • Dec. 18, 2024 -
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 -
Courtesy of Campbell's
How Grillo’s Pickles holds onto niche status while nabbing Big Food collabs
A top executive said the company, which recently launched a Bloody Mary mix with The Campbell’s Company’s V8, is maintaining its authenticity by being selective about its partnerships.
By Chris Casey • Dec. 18, 2024 -
Courtesy of General Mills
General Mills boosts protein levels in new Cheerios
The CPG giant is turning to the nutrient to help keep the legacy brand relevant as many consumers ditch cereal for other breakfast alternatives.
By Chris Casey • Dec. 16, 2024 -
shutterstock.com/Alkema Natalia
Sponsored by SymriseExploring the top flavor trends of 2024: What’s shaping our palates this year?
Explore 2024’s top flavor trends: Mindful sips, supercharged swicy, microluxuries and timeless tastes.
Dec. 16, 2024 -
Permission granted by The Campbell's Company
ColumnLeftovers: Snack Factory mixes popcorn and pretzels | Ritz Bits introduces first new flavor in a decade
The Campbell’s Company brand wants to disrupt the $30 billion salty snacks category with Pop’ums, while Mondelēz International’s classic round cracker debuts a Spicy Queso flavor.
By Christopher Doering • Dec. 13, 2024 -
Courtesy of The J.M. Smucker Co.
Hostess refreshes packaging, logo as part of modernization drive
The repackaging marks the first step in a broader transformation of Hostess by J.M. Smucker, which purchased the maker of Ding Dongs and Twinkies for $5.6 billion last year.
By Peter Adams • Dec. 12, 2024 -
Permission granted by The Campbell's Company
V8 partners on Bloody Mary RTD beverage
The limited-time Spritz, which contains wine instead of vodka, aims to promote the versatility of The Campbell’s Company product and expand it into new usage occasions.
By Christopher Doering • Dec. 12, 2024 -
Michael M. Santiago via Getty Images
Unilever CFO sees 7.5% pay boost for new procurement, tech responsibilities
Fernando Fernandez will receive a pay bump to take control of supply chain and tech as the CPG company navigates the separation of its $19.5 billion ice cream business.
By Grace Noto • Dec. 12, 2024 -
Mario Tama via Getty Images
Albertsons sues Kroger over failed merger
Albertsons has terminated the merger agreement, alleging Kroger did not offer an adequate divestiture package and repeatedly ignored regulators’ concerns.
By Catherine Douglas Moran , Jeff Wells • Updated Dec. 11, 2024 -
Courtesy of Momofuku
Deep DiveFrom restaurant to retail: How Michelin-starred brands are infiltrating the grocery store
The channel provides establishments such as Momofuku and Carbone with new revenue streams and an opportunity to reach additional consumers.
By Chris Casey • Dec. 11, 2024 -
Scott Olson via Getty Images
Hershey’s confection president leaves after 3 months, returning to PepsiCo
CEO Michele Buck will oversee the business on an interim basis while the company searches for a replacement.
By Christopher Doering • Dec. 10, 2024 -
Mario Tama via Getty Images
Butterball to shutter Arkansas turkey plant, lay off 180 workers
The closure adds to a wave of layoffs in the agriculture industry as weak sales continue to weigh on profits across the sector.
By Nathan Owens • Dec. 10, 2024 -
Catherine Douglas Moran/Food Dive
OpinionData and consumer insights are essential for CPG growth in a shifting market
Financial pressures have led consumers to shop more mindfully, prompting brands to adopt a data-driven approach to delivering value, says Circana’s chief commercial officer.
By Jeremy Allen • Dec. 10, 2024 -
Permission granted by Unilever
Unilever finds its fast-growing Talenti line is anything but vanilla
Behind innovative flavors such as Alphonso Mango Sorbetto and Caramel Cookie Crunch Gelato, sales have nearly doubled since 2014, outpacing the broader ice cream category.
By Christopher Doering • Dec. 10, 2024 -
Courtesy of Voyage Foods
OpinionWhere is the food tech sector headed? Cocoa and coffee alternatives provide a clue
As alternatives to commodities gain traction, companies can create opportunities for investment in both alternative and incumbent solutions, the head of climate tech at J.P. Morgan writes.
By Kelly Belcher • Dec. 9, 2024 -
Permission granted by PepsiCo
Q&APepsiCo’s ‘we can’t do it alone’ thinking prompts food giant to look for outside help
The snack manufacturer's Culinary Advisory Board consists of chefs, culinary scientists and restaurateurs, to assist in creating new products and provide feedback on its offerings and strategy.
By Christopher Doering • Dec. 9, 2024 -
Justin Sullivan via Getty Images
Nestlé USA names Martin Thompson as CEO
The CPG veteran, who previously ran the food and beverage giant’s U.S. coffee business, will take on the new role starting in 2025.
By Christopher Doering • Dec. 5, 2024 -
Graeme Robertson via Getty Images
Mondelēz VC arm invests in cocoa-tech company Celleste Bio
The Cadbury and Toblerone maker was among the investors who participated in a $4.5 million financing round for the developer of cell-cultured cocoa.
By Christopher Doering • Dec. 5, 2024 -
Craig Barritt via Getty Images
Stoli vodka owners file for bankruptcy following cyberattack
The company's CEO said that its IT systems have been affected since the ransomware attack earlier this year, which coincided with the seizure of distilleries producing the spirit in Russia.
By Chris Casey • Dec. 4, 2024 -
Spencer Tirey via Getty Images
Cargill cuts 5% of global workforce after profits decline
The move, which will affect approximately 8,000 jobs, comes as the world's largest private company plans to streamline operations in the face of lower crop prices and challenges in beef.
By Sarah Zimmerman • Dec. 4, 2024 -
Christopher Doering/Food Dive
The Campbell’s Company names Mick Beekhuizen as CEO
The CPG veteran, who currently oversees the soup giant’s $5.3 billion meals and beverages division, will take over for Mark Clouse on Feb. 1.
By Christopher Doering • Dec. 3, 2024 -
Justin Sullivan via Getty Images
Constellation Brands selling Svedka vodka to Sazerac
The divestiture comes as the Corona brewer focuses on premium wine and spirits while distancing itself from its less expensive offerings that are seeing a decline in consumption.
By Chris Casey • Dec. 3, 2024 -
Stephen Chernin via Getty Images
OpinionThe time is now for the upcoming FDA Food Traceability Rule
Legislators should reject attempts to further delay or diminish the bi-partisan work in support of this critical food safety tool, argues Consumer Reports food policy director Brian Ronholm.
By Brian Ronholm • Dec. 3, 2024 -
Getty Images
TreeHouse Foods buys private label tea business for $205M
The purchase will strengthen its competitive position in the fast-growing beverage category while building its presence in higher-growth, higher-margin businesses.
By Christopher Doering • Dec. 2, 2024
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