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 Chris Casey • Nov. 20, 2023

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

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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 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 Christopher Doering • Nov. 17, 2023

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 Christopher Doering • Nov. 16, 2023

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’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 Chris Casey • Nov. 15, 2023

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

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 Chris Casey • Nov. 14, 2023

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 Christopher Doering • Nov. 13, 2023

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 Elizabeth Flood • Nov. 13, 2023

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 Chris Casey • Nov. 10, 2023

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

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 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 Elizabeth Flood • Nov. 9, 2023

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 Christopher Doering • Nov. 9, 2023

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 Chris Casey • Nov. 9, 2023

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 Elizabeth Flood • Nov. 9, 2023

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 Chris Casey • Nov. 8, 2023

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 Christopher Doering • Nov. 8, 2023

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 Christopher Doering • Nov. 8, 2023

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 Christopher Doering • Nov. 6, 2023

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

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 Chris Casey • Nov. 6, 2023

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 Christopher Doering • Nov. 6, 2023

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