Corporate: Page 2
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Bumble Bee files for bankruptcy and agrees to sell for $925M
"It's been a challenging time for our company but today’s actions allow us to move forward with minimal disruption to our day-to-day operations," said CEO Jan Tharp.
By Cathy Siegner • Nov. 22, 2019 -
Deep DiveHow Dean Foods' bankruptcy is a 'warning sign' to the milk industry
Struggling with debt and changing consumer demands, the largest dairy producer in the U.S. filed for Chapter 11. Food Dive looks at how the company got here and what's next for the sector.
By Lillianna Byington • Nov. 21, 2019 -
General Mills meets 20% sodium reduction goal across its portfolio
The CPG company achieved the target it set 10 years ago and boosted the nutrient density of its products by increasing whole grains, fiber, vitamins and minerals.
By Cathy Siegner • Nov. 21, 2019 -
Majority of US consumers prefer to cut sugar intake than switch to artificial sweeteners
A survey from Innova Market Insights said this shift is reflected in the fact that more people are choosing savory snacks over sweet ones and drinking reduced-sugar beverages.
By Cathy Siegner • Nov. 21, 2019 -
Former Kraft Heinz exec named new CFO of Ocean Spray
Daniel Cunha also founded private equity firm Tangram Partners, which he has led since 2017.
By Jane Thier • Nov. 20, 2019 -
Bud Light Seltzer hits shelves next year as AB InBev invests $100M in the segment
The new drink will join the mega-brewer's two other brands: Natural Light Seltzer and Bon & Viv.
By Jessi Devenyns • Nov. 20, 2019 -
Deep DiveBehind the scenes: Data and technology bring food product R&D into the 21st century
With CPG companies under pressure to develop items faster and stretch their spending, Conagra, Mars Wrigley and Ferrara are rethinking the decades-old way of creating new things for consumers.
By Christopher Doering • Nov. 20, 2019 -
Ben & Jerry's sued again over 'happy cows' labeling claim
A Vermont man claims the Unilever-owned brand "breached consumer trust" by sourcing more than half its milk and cream from mass-production factory dairy farms.
By Cathy Siegner • Nov. 19, 2019 -
Molson Coors invests in L.A. Libations beverage incubator
The beer giant reportedly took a 49% stake in the company that has served as an accelerator for brands such as BodyArmor and Core Nutrition.
By Cathy Siegner • Nov. 19, 2019 -
Marfrig Global Foods increases its stake in National Beef Packing
After purchasing a majority share last year, the Brazilian meat producer bought the rest of Jefferies Financial Group's stake for $860 million. It now owns 81.7% of the U.S. company.
By Jessi Devenyns • Nov. 19, 2019 -
Why was Quaker Oat Beverage discontinued?
The PepsiCo brand may have failed because of its packaging, name, health claims — or its taste.
By Jessi Devenyns • Nov. 18, 2019 -
Chobani goes all oat with new yogurt and milk launches
After disrupting the category 12 years ago with its Greek offering, the company is now using the cereal grain to strengthen its market dominance, while adding milk and a dairy creamer.
By Christopher Doering • Nov. 18, 2019 -
China resumes US poultry imports after 4-year ban
The resumption of shipments to the communist country, which ended in 2015 following an avian flu outbreak in the U.S., could be worth more than $1 billion annually, according to the USTR.
By Cathy Siegner • Nov. 15, 2019 -
Layn develops a sweeter variety of monk fruit
The company's Super V Fruit can help manufacturers with sugar reduction and limit the land, water and other resources needed for production.
By Cathy Siegner • Nov. 14, 2019 -
Nextleaf Solutions secures US patents for CBD extraction and purification
In Canada, the company has gone a step further, partnering with BevCanna Enterprises to launch cannabis drinks.
By Lillianna Byington • Nov. 14, 2019 -
Nielsen expands analytics partnership with General Mills
The data firm's Global Connect platform will support the CPG company's framework as the food and retail landscape becomes more competitive, fragmented and digital.
By Cathy Siegner • Nov. 14, 2019 -
Symrise to open innovation center at Unilever HQ in the Netherlands
The flavor producer said the integrated product development facility will allow more scientific collaboration with the CPG giant on trendy foods.
By Cathy Siegner • Nov. 14, 2019 -
Pepsi debuts limited-edition non-alcoholic sparkling rosé cola
The soda giant is teaming up with the TV network Bravo to launch the trendy beverage this weekend at its inaugural convention in New York City.
By Cathy Siegner • Nov. 14, 2019 -
Deep DiveAfter the summer's hard seltzer spike, will the segment lose its fizz?
This year, market leader White Claw saw exploding sales and even a shortage — and legacy brewers are trying to cash in on what they hope is a lasting trend.
By Lillianna Byington • Nov. 14, 2019 -
Deep DiveDoes the beef against beef make financial sense?
As the holidays approach, plant-based protein companies are making a play for the dinner table.
By Barbara Ballinger • Nov. 13, 2019 -
Tyson: Current market makes accurate forecast impossible
A deadly disease affecting the global hog supply, unpredictable trade policy shifts and a fire in Kansas all made executives wary of predicting next year's earnings — but it's not all bad news.
By Emma Cosgrove • Nov. 13, 2019 -
Banza chickpea pasta raises $20M to expand its products, people and reach
The company, which received the latest round of funding from Enlightened Hospitality Investors and Prelude Growth Partners, says it will be moving into food service next year.
By Jessi Devenyns • Nov. 13, 2019 -
Bolthouse Farms chief rebuilding company after 'wrong marriage' to Campbell Soup
Jeff Dunn, who worked with a private equity firm to acquire the brand earlier this year, said the maker of fresh carrots and refrigerated juices is rapidly innovating and ideally positioned to benefit from demand for plant-based products.
By Christopher Doering • Nov. 13, 2019 -
AB InBev buys remaining stake in Craft Brew Alliance for $321M
After passing on an option to buy the shares for a higher price in August, the beverage giant, which already owns nearly a third of the group, adds brands including Kona Brewing and Redhook Brewery to its portfolio.
By Christopher Doering • Nov. 12, 2019 -
Dean Foods files for bankruptcy and is in 'advanced discussions' for sale
"Despite our best efforts to make our business more agile and cost-efficient, we continue to be impacted by a challenging operating environment," CEO Eric Beringause said in a release.
By Lillianna Byington • Nov. 12, 2019
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