Corporate Operations: Page 2


  • sonoma cutrer
    Image attribution tooltip
    Retrieved from Sonoma-Cutrer Vineyards on November 17, 2023
    Image attribution tooltip

    Brown-Forman sells chardonnay maker to Duckhorn for $400M

    The luxury wine company said its purchase of Sonoma-Cutrer Vineyards brings a leading brand in the growing chardonnay category to its portfolio.

    By Nov. 20, 2023
  • reeses caramel hershey
    Image attribution tooltip
    Courtesy of The Hershey Company
    Image attribution tooltip
    Column

    Leftovers: Hershey adds caramel to Reese’s | Nestlé pours Eggo-flavored Coffee mate

    The candy giant is bringing a gooey layer of the sweet confectionery staple into its peanut butter-based Big Cup, and Oatly teams up with Insomnia Cookies.

    By Food Dive staff • Nov. 17, 2023
  • A person in a grocery store putting items in a smart cart. Explore the Trendline
    Image attribution tooltip
    Courtesy of Instacart
    Image attribution tooltip
    Trendline

    Top 5 stories from Food Dive

    So far, it’s been a challenging year for many CPG companies with lingering supply chain issues, inflation worries and a slowdown in investments by venture capital firms.

    By Food Dive staff
  • Post Holdings, cereal
    Image attribution tooltip
    Christopher Doering/Food Dive
    Image attribution tooltip

    Post Holdings CEO Rob Vitale reveals cancer diagnosis and medical treatment

    In his first remarks since taking a leave of absence on Nov. 6, Vitale said he “feels great” and expressed confidence in the business and leadership while he is away.

    By Nov. 17, 2023
  • A box of Hotel Chocolat dark chocolate candies.
    Image attribution tooltip
    Retrieved from Hotel Chocolat.
    Image attribution tooltip

    Snickers maker Mars to buy UK chocolatier for $665M

    The purchase of Hotel Chocolat expands the confectionery giant’s presence in the region and increases its exposure to premium offerings.

    By Nov. 16, 2023
  • A blue case of University of Texas co-branded Bud Light against a white backdrop
    Image attribution tooltip
    Courtesy of Anheuser-Busch InBev
    Image attribution tooltip

    AB InBev US chief marketing officer to resign as Bud Light woes continue

    The alcohol giant’s U.S. chief commercial officer will take over marketing for the beer brand in 2024 as it continues to feel the effects of a boycott.

    By Chris Kelly • Nov. 16, 2023
  • Phreshly
    Image attribution tooltip
    Permission granted by Phreshly
    Image attribution tooltip

    Phreshly’s RTD cocktails target consumers tired of hard seltzers

    The brand, which was off the market for more than a year after its 2022 launch, is back with two bourbon and rum-based offerings for adults looking for more mature products.

    By Nov. 15, 2023
  • Tyson Foods is laying off workers at its processing plant in Wilkesboro, North Carolina.
    Image attribution tooltip
    Anna Moneymaker via Getty Images
    Image attribution tooltip

    Tyson leaving ‘no stone unturned’ in plans to cut costs, improve the business

    The nation’s largest meat packer reported its third consecutive loss as it trudges through a period of margin compression driven by tighter supplies, lower pricing and soft demand.

    By Nathan Owens • Nov. 14, 2023
  • magnolia bakery cannabis edibles incredibles
    Image attribution tooltip
    Courtesy of Magnolia Bakery
    Image attribution tooltip

    Why Magnolia Bakery has high hopes for edibles endeavor

    The New York City chain’s entrance into cannabis signals the continued promise food and beverage companies see in the space despite a lack of federal regulation.

    By Nov. 14, 2023
  • Nissin's Top Ramen
    Image attribution tooltip
    Courtesy of Nissin
    Image attribution tooltip

    Ramen maker Nissin Foods to spend $228M on new US plant

    The investment comes amid “unprecedented demand” for its popular noodle offering, with the company reporting four consecutive quarters of high double-digit growth.

    By Nov. 13, 2023
  • A person cooks Beyond Sausages on an outdoor grill, with the package on the right side.
    Image attribution tooltip
    Courtesy of Beyond Meat
    Image attribution tooltip

    Beyond Meat in ‘survival mode’ with going-concern risk a possibility, analyst says

    A TD Cowen report pointed to several troubling signs for the plant-based pioneer, including loss of market share, struggles to attract and retain consumers, rising debt level and declining sales.

    By Nov. 13, 2023
  • general mills pet supplements
    Image attribution tooltip
    Courtesy of General Mills
    Image attribution tooltip

    General Mills buys pet supplements maker Fera Pets for undisclosed amount

    The purchase will be housed inside a growth equity fund created by the cereal giant to scale and expand newly acquired businesses for future integration into its core portfolio.

    By Nov. 10, 2023
  • Header image for "Tyson CFO Arrested, Reviving Critics’ Concerns Over Inexperience, Conflict of Interest"
    Image attribution tooltip
    CFO Editorial Staff
    Image attribution tooltip

    Tyson to shutter 2 more processing plants as earnings woes mount

    Closures in South Carolina and Florida add to the growing number of cost cuts this year in response to unfavorable market conditions.

    By Nathan Owens • Nov. 10, 2023
  • heinz pickle ketchup
    Image attribution tooltip
    Courtesy of Kraft Heinz
    Image attribution tooltip
    Column

    Leftovers: Kraft Heinz chooses pickles for new ketchup | Elf on the Shelf gives the gift of ice cream

    The food manufacturer is capitalizing on the growing popularity of the cucumber-based product, and Primal Kitchen unveils cranberry mayo for Thanksgiving leftovers.

    By Food Dive staff • Nov. 10, 2023
  • Ingredion
    Image attribution tooltip
    Permission granted by Ingredion
    Image attribution tooltip

    Ingredion reorganizes business, focuses on ‘texture and healthful solutions’

    The company said moving from operating on a regional level to a global one will provide greater insight into its performance for investors.

    By Nov. 9, 2023
  • Cans of Green Giant vegetables.
    Image attribution tooltip
    Courtesy of B&G Foods
    Image attribution tooltip

    B&G Foods sells Green Giant US canned vegetable line to Seneca Foods

    The Crisco and Ortega manufacturer said it continues to explore divesting products that have low margins or cash flow, as well as items that do not fit with its core portfolio.

    By Nov. 9, 2023
  • kelloggs wk kellogg co cereal
    Image attribution tooltip
    Bill Pugliano via Getty Images
    Image attribution tooltip

    WK Kellogg Co CEO talks the future of cereal

    Gary Pilnick said in a conversation with Food Dive that the newly spun-off business is on a path towards growth and expressed optimism about overcoming potential roadblocks the category could face.

    By Nov. 9, 2023
  • Plant-based cheeses from Miyoko's Creamery at Plant Based World in 2019.
    Image attribution tooltip
    Megan Poinski/Food Dive
    Image attribution tooltip

    Miyoko’s Creamery closes California plant to prepare for growth

    The plant-based dairy maker will outsource its production process to meet demand in a more cost effective way.

    By Nov. 9, 2023
  • solar panels farms cattle
    Image attribution tooltip
    Abhishek Chinnappa via Getty Images
    Image attribution tooltip

    How tech, venture capital can help food industry meet 2030 emissions goals

    Efforts like feed additives for cattle and implementing solar panels on farms can help producers decrease their carbon footprint, Ceres said in its latest report.

    By Nov. 8, 2023
  • Nestle, hot chocolate
    Image attribution tooltip
    Christopher Doering/Food Dive
    Image attribution tooltip

    Nestlé invests, partners with food-delivery startup Wonder Group

    The investment, reportedly at $100 million, will allow the Stouffer's and Sweet Earth manufacturer to capitalize on the strong recovery in the foodservice channel.

    By Nov. 8, 2023
  • Exterior of McCormick & Co.'s logistics center near Baltimore, Maryland.
    Image attribution tooltip
    Permission granted by McCormick & Co.
    Image attribution tooltip

    Inside McCormick’s bet to build its ‘supply chain of the future’

    A half-mile-long logistics center near Baltimore is helping the flavor giant operate more efficiently, get products to customers faster and reduce its environmental footprint.

    By Nov. 8, 2023
  • Five Pepsi cans
    Image attribution tooltip
    Courtesy of PepsiCo
    Image attribution tooltip

    PepsiCo CFO Hugh Johnston leaving for Disney

    The finance veteran will be replaced by James Caulfield, who has worked at the company for more than 30 years and has been “instrumental” in growing and transforming its business.

    By Nov. 6, 2023
  • Chickens sit in a shed
    Image attribution tooltip
    Jamie McDonald via Getty Images
    Image attribution tooltip

    Bird flu spreads to major poultry producing states Arkansas and Alabama

    More than 1 million birds have been affected by the disease since its reemergence in the U.S. was confirmed in October.

    By Sarah Zimmerman • Nov. 6, 2023
  • insect protein
    Image attribution tooltip
    Sean Gallup via Getty Images
    Image attribution tooltip

    Tyson’s insect bet will spur further adoption in the space, IFT member says

    Protein producers adopting bugs for use in animal feed provides a lower barrier for entry, potentially making it easier to introduce insects into consumer diets, experts say.

    By Nov. 6, 2023
  • Post Holdings, cereal
    Image attribution tooltip
    Permission granted by Post Holdings
    Image attribution tooltip

    Post Holdings CEO Rob Vitale taking ‘unexpected’ medical leave of absence

    The board of the CPG giant said chief operating officer Jeff Zadoks will temporarily take the helm.

    By Nov. 6, 2023
  • digiorno thanksgiving pizza
    Image attribution tooltip
    Courtesy of DiGiorno
    Image attribution tooltip
    Column

    Leftovers: DiGiorno brings pizza to Thanksgiving | Pringles unveils caviar collaboration

    The Nestlé-owned brand is launching a limited-edition pie ahead of Turkey Day, and Stok is bringing cold brew into winter with a peppermint mocha flavor.

    By Food Dive staff • Nov. 3, 2023