Corporate: Page 2
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Courtesy of Diageo
Diageo launches DEI initiative to boost Black community in spirits industry
A new partnership seeks to generate $2 billion in economic value in the U.S. by supporting incipient brands and businesses.
By Chris Kelly • May 26, 2021 -
Courtesy of Bowery
Vertical farming company Bowery raises $300M, valuing firm at $2.3B
Investors have poured hundreds of millions of dollars into indoor agriculture as demand for freshly grown, locally produced offerings has soared among consumers.
By Christopher Doering • May 25, 2021 -
Explore the Trendline➔
Thai Phi Le/Food Dive
TrendlineThe Food Dive Outlook on 2021
The impact of the pandemic continues to ripple throughout the industry, influencing the trends on the horizon in food and beverage, from the surge of breakfast items to greater tech adoption.
By Food Dive staff -
Courtesy of General Mills
General Mills shuffles execs as part of restructuring
At least five high-profile moves have happened as part of the company's Accelerate strategy for growth, with two new executive positions created and at least two eliminated.
By Megan Poinski • May 25, 2021 -
Permission granted by Kodiak Cakes
Kodiak Cakes purchased by private equity firm L Catterton
The pancake and waffle manufacturer is the latest small company to get acquired in recent months as investors cash in on the growth of better-for-you food offerings.
By Christopher Doering • May 25, 2021 -
Courtesy of Takis
Takis expands further into snacking with 4 new products
In addition to the Hot Nuts it debuted in October, the spicy brand loved by younger consumers is launching popcorn, potato chips, corn sticks and cheesy snacks.
By Barbara Smith , Thai Phi Le • May 25, 2021 -
Courtesy of Ferrara
Ferrara and Utz partner on sweet and salty snack multipacks
Debuting in January 2022, the variety packs will provide both companies with exposure to new segments and introduce their brands to more consumers.
By Lauren Manning • May 24, 2021 -
Courtesy of Better Brand
Better Brand seeks to improve bagels with low-carb launch
The new company, with baked goods developed through a proprietary process, raised $1.2 million in February and plans to launch its first product this week.
By Megan Poinski • May 24, 2021 -
Courtesy of Vital Farms
PETA-affiliated lawsuit accuses Vital Farms of lying about ethical treatment
The class-action lawsuit claims consumers were duped into paying more for products from the pasture-raised egg company, which the plaintiffs say does not treat its hens humanely.
By Megan Poinski • May 21, 2021 -
Courtesy of Oatly
Oatly CEO sees a long runway for growth on its Wall Street debut
As the Sweden-based company with a valuation of $10 billion enters the markets, Toni Petersson plans to add more manufacturing capacity to meet the global demand for oat milk.
By Megan Poinski • May 20, 2021 -
eldinhoid via Getty Images
Consumers are more confident about healthy eating as pandemic impacts wane, study says
The International Food Information Council's 16th annual report on consumer attitudes and priorities found some predictable shifts and some surprises.
By Megan Poinski • May 19, 2021 -
Retrieved from PepsiCo.
PepsiCo is making 'a much bigger play' for sales in the burgeoning plant-based market
The CPG giant has made several acquisitions and introduced new products in an effort to scale quickly and build what it hopes will become household names in the category.
By Christopher Doering • May 19, 2021 -
Retrieved from Daring.
Plant-based chicken maker Daring raises $40M in latest funding round
The investment will be used to hire new employees, increase its retail presence and provide capital for product development.
By Lauren Manning • May 19, 2021 -
Courtesy of Eat Just
Eat Just gets $170M investment for cultured meat
The funds for the company's Good Meat division, now officially a subsidiary, will help accelerate R&D and build capacity in Singapore and the U.S. in preparation for a domestic launch.
By Megan Poinski • May 18, 2021 -
Retrieved from Lily's.
Hershey to buy low-sugar confectionery brand Lily's
The startup's products, which include chocolate bars, baking chips and peanut butter cups, will complement the candy giant's better-for-you snacking strategy.
By Christopher Doering • May 18, 2021 -
Courtesy of Kind
Bar giant Kind moves into fast-growing plant-based ice cream
The frozen space is one of six new categories Kind has entered during the past year as it moves beyond its core bars to become a broader snacking company.
By Christopher Doering • May 18, 2021 -
Permission granted by Above Food
From pot to plant-based food: Bruce Linton talks about his newest venture
In his new position with Canada's Above Food, the Canopy Growth founder has trained his eye on another industry to disrupt and plans to use the power of hemp to make a difference.
By Megan Poinski • May 17, 2021 -
Permission granted by American Heart Association
Sponsored by American Heart AssociationExclusive: Q+A with American Heart Association's Dr. Eduardo Sanchez
Improving the health of the food system is no easy task, but creating a health-promoting food system is more important than ever.
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Courtesy of Danone
Danone picks Barry Callebaut's de Saint-Affrique as its CEO
The seasoned food executive will take the top job at the Activia yogurt maker as it deals with activist investors, a portfolio review and stiff competition for many of its top brands.
By Christopher Doering • May 17, 2021 -
Adeline Kon/Food Dive
Operations meets marketing: Kraft Heinz's Ops Center breaks silos to tackle supply chain challenges
Collaboration between marketing and supply chain helped the manufacturer cut its SKU portfolio further and faster.
By Jen A. Miller • May 14, 2021 -
Retrieved from Coca-Cola.
Coca-Cola to discontinue sales of Coca-Cola Energy
The beverage giant said the decision to end sales in North America comes as it focuses its attention on other innovations such as Aha and its classic soda with coffee.
By Christopher Doering • May 14, 2021 -
Courtesy of Kellogg
Leftovers: Cheez-It takes the cake; Lay's turns up the heat with summer flavors
The sweet treat, to be sold in limited quantities, contains an entire box of Kellogg's popular cheese cracker, and Can-O-Que packages BBQ sauce made with beer in a can.
By Christopher Doering • May 14, 2021 -
Courtesy of Del Monte
Del Monte Foods taps into the popularity of bubble tea with its first retail offering
Its new product, Joyba Bubble Tea, builds on the success of the company's popular fruit cups that also use popping boba.
By Christopher Doering • May 13, 2021 -
Permission granted by Motif Foodworks
Motif FoodWorks gets access to plant-based meat and cheese texture enhancers
The company has gained exclusive use of the technology through its ongoing partnership with the University of Guelph and tech company Coasun.
By Megan Poinski • May 13, 2021 -
Permission granted by Canteen Spirits
Anheuser-Busch signs distribution agreement for Canteen Spirits RTD cocktails
AB InBev's innovation arm ZX Ventures also invested an undisclosed amount in the company that makes canned drinks with vodka and tequila.
By Lauren Manning • May 13, 2021 -
Courtesy of Upside Foods
Memphis Meats becomes Upside Foods as it pivots to a consumer focus
The world's first company dedicated to cell-based meat hopes to have chicken products approved and available by the end of this year.
By Megan Poinski • May 12, 2021
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