Corporate Operations: Page 2
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Retrieved from Sonoma-Cutrer Vineyards on November 17, 2023
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 -
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 -
Explore the Trendline➔
Courtesy of InstacartTrendlineTop 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 -
Retrieved from Hotel Chocolat.
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 -
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 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 -
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