Corporate Operations: Page 2
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Courtesy of Coors Banquet
Why Coors Banquet believes it is thriving in a flailing beer category
The brand attributed its sales growth to nostalgia and its legacy brand status, as parent company Molson Coors faces an ongoing strike at one of its plants.
By Chris Casey • April 4, 2024 -
Permission granted by Tony's Chocolonely
Former Starbucks CEO Howard Schultz invests in Tony’s Chocolonely
The producer of slave-free chocolates said it will benefit from the coffee chain executive’s “extensive experience” in building a global consumer brand and company.
By Christopher Doering • April 3, 2024 -
Trendline
Mergers and acquisitions
While the days of transformational megadeals in the food and beverage sector have subsided, the value of M&A hasn’t lost its importance for many executives.
By Food Dive staff -
Scott Olson via Getty Images
After collapse of Cooks Venture, chicken farmers look for answers
Poultry growers face stress and financial hardship from the sudden closure of an Arkansas-based company. State intervention made things worse, they say.
By Nathan Owens • April 3, 2024 -
Brandon Bell via Getty Images
Cal-Maine ceases operations at Texas facility after bird flu detected
The nation’s largest egg producer depopulated nearly 2 million birds as a result of the outbreak as cases now mount in U.S. dairy herds.
By Nathan Owens • April 3, 2024 -
Courtesy of Casa Azul
Tequila takeover: Casa Azul’s new CEO says natural ingredients drive the future of cocktails
Dennis Carr, who took the reins of the agave-based soda brand last month, said drinkers are shifting to spirits because of their lower calorie count as malt-based RTD offerings see a decline.
By Chris Casey • April 2, 2024 -
Scott Olson via Getty Images
Cooks Venture tried to raise chickens better. Then 1M birds were killed.
Arkansas farmers were left to pick up the pieces following the unexpected closure of a poultry company known for its free-range chickens.
By Nathan Owens • April 2, 2024 -
Christopher Doering/Food Dive
Feeding Gen Z involves embracing the discord
The generation born between 1997 and 2012 is crucial for success in today's food industry. New research shows how this demographic's interests buck the norm.
By Alexandra Frost • April 2, 2024 -
Courtesy of Aloha
Protein bar maker Aloha gets $68M from venture fund
Semcap Food & Nutrition, which makes minority investments in better-for-you brands like Purely Elizabeth and Good Culture, will help the plant-based business scale.
By Chris Casey • April 2, 2024 -
Permission granted by Kraft Heinz
Kraft Heinz, NotCo targeting deeper presence in plant-based foods, exec says
Despite a sales slowdown in the animal-substitute category, the joint venture is planning to tap into its valuable brand equity and technology to launch more items in 2024.
By Christopher Doering • April 1, 2024 -
Retrieved from Dole.
Dole calls off sale of fresh vegetables division amid DOJ opposition
The Justice Department said the $293 million cash deal with Fresh Express, announced in January 2023, would have reduced competition and led to higher prices.
By Christopher Doering • March 28, 2024 -
Retrieved from Amazon on March 28, 2024
Carbone Fine Food CEO leads another restaurant brand to pasta sauce success
The former top executive of Rao’s is using his prior experience to bring the New York City restaurant staple to retail shelves nationwide.
By Chris Casey • March 27, 2024 -
Courtesy of Corona Hard Seltzer
Constellation wins hard seltzer battle over AB InBev
An appeals court affirmed a 2023 decision that ruled Constellation did not infringe on the trademarks of AB InBev’s Grupo Modelo by selling seltzer products under that brand.
By Chris Casey • March 27, 2024 -
Courtesy of Pepsi Lipton Partnership
PepsiCo, Unilever launch Pure Leaf Zero Sugar sweet tea
An executive overseeing the nearly $1 billion brand said a “top barrier” preventing people from buying a tea offering is the absence of an option without sugar.
By Christopher Doering • March 27, 2024 -
Permission granted by PepsiCo
Q&ABeverage Diaries: A discussion with PepsiCo’s CMO of international drinks
Mark Kirkham shares insight from his more than 13 years at the CPG giant and what he’s learned working at the cola and Gatorade manufacturer.
By Lauren Elkies Schram • March 26, 2024 -
Courtesy of Unilever
Unilever will get up to $20.9M from US government to lower carbon footprint at ice cream factories
The Department of Energy funding will help the Ben & Jerry’s manufacturer on a project designed to cut 14,000 metric tons of emissions annually.
By Chris Casey • March 26, 2024 -
Justin Sullivan via Getty Images
Nestlé launches pair of initiatives to decarbonize cocoa supply chain
The global food company said its new projects aim to reduce and remove more than 500,000 metric tons of carbon during a 20-year period.
By Zoya Mirza • March 25, 2024 -
Courtesy of BuzzBallz, LLC
Fireball maker Sazerac acquires RTD cocktail brand BuzzBallz
Demand for mixed drinks is driving beverage industry heavyweights to elevate their presence in the category through M&A and new product launches.
By Chris Casey • March 25, 2024 -
Courtesy of Mars Incorporated
OpinionA ban on FDA-approved food additives should come from experts
John Downs, the CEO of the National Confectioners Association, said more studies should be done before banning Red 3 dye and titanium dioxide.
By John Downs • March 25, 2024 -
Courtesy of The ICEE Company
ColumnLeftovers: Icee chills out with Ghostbusters flavors | Bob’s Red Mill mixes provide baking shortcut
The frozen beverage brand taps the fantasy franchise for its nostalgic line, and MariMed infuses both cannabis and electrolytes into its latest drink mixes.
By Food Dive staff • March 22, 2024 -
Courtesy of General Mills
General Mills still dealing with elevated operating costs, CEO says
The Cheerios maker reported higher-than-normal inflation four years after the pandemic began. Input costs have increased by 32% during this time, the top executive said.
By Chris Casey • March 22, 2024 -
Permission granted by PepsiCo
PepsiCo creates Flamin’ Hot brand to highlight fast-growing chip flavor
The Doritos and Cheetos manufacturer said the platform, which generated more than $3 billion in retail sales, will initially include 25 unique products with seasoning.
By Christopher Doering • March 21, 2024 -
Christopher Doering/Food Dive
Mondelēz’s Chips Ahoy! debuts new recipe for the classic cookie
The modification, which includes chocolate chips with higher cacao and Madagascar vanilla extract content, is the biggest update for the $1 billion brand in nearly a decade.
By Christopher Doering • March 21, 2024 -
Courtesy of Truly Hard Seltzer
Boston Beer brings Truly into tequila soda to help revive brand
The alcohol company is betting that the RTD cocktail wave will renew interest in the beverage as it struggles to rebound from a slump in hard seltzer demand.
By Chris Casey • March 20, 2024 -
Permission granted by Joshua Woods
Bronx-born food collective goes from trendy dinner parties to Target shelves
Ghetto Gastro fuses community and culture to create low-cost plant-based packaged goods.
By Elizabeth Flood • March 19, 2024 -
Courtesy of Ben & Jerry's
Unilever to cut 7,500 jobs and spin off ice cream business
The restructuring will leave the Ben & Jerry’s manufacturer with its fastest-growing business units while helping it reduce costs and boost profits.
By Christopher Doering • March 19, 2024
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