Corporate Operations: Page 204
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Kellogg sees slight increase in sales from Brazilian acquisition
The Michigan-based manufacturer beat expectations for the third quarter and posted its first revenue increase since 2014.
By Cathy Siegner • Oct. 31, 2017 -
Campbell Soup joins Plant Based Foods Association
Three months after announcing it was leaving GMA, the food giant said it is becoming a member of the nascent trade group — providing a major boost to the fast-growing market.
By Sandy Skrovan • Oct. 31, 2017 -
Trendline
Mergers and acquisitions
Declining sales and slowing consumption have more companies divesting brands, opening the door for smaller players and private equity firms to expand their portfolios.
By Food Dive staff -
Mondelez's North American sales climb 1.3% as snacking trend benefits its US business
Outgoing CEO Irene Rosenfeld told The Wall Street Journal that "macro trends that have been headwinds" for the Oreo and Triscuit maker in recent quarters have started to improve.
By Cathy Siegner • Oct. 31, 2017 -
Amazon plans to add new Whole Foods stores, possibly new formats
The company’s CFO Brian Olsavsky laid out a broad strategic plan for the recently acquired grocer in the e-commerce giant's most recent earnings call.
By Jeff Wells • Oct. 31, 2017 -
Hormel Foods acquires Columbus Craft Meats for $850M
The purchase gives the meat manufacturer a premium salami and charcuterie offering and further expands its meat lineup that already includes Jennie-O and Applegate brands.
By Jeff Wells • Oct. 31, 2017 -
Deep Dive
A Balancing Act: E-grocery startups challenge Amazon and Instacart for online supremacy
From Thrive Market to Good Eggs, a collection of specialty-focused startups hope to stake their claim and upend established players in the fast-growing industry.
By Jeff Wells • Oct. 30, 2017 -
Smithfield to sell US pork products online in China
The meat processor hopes to take a bite out of the world’s biggest e-commerce market when it begins selling pork products through JD Fresh, a platform of one of the country's largest web retailers.
By Sandy Skrovan • Oct. 30, 2017 -
DanoneWave plans $60M expansion to Virginia plant-based beverage facility
The investment is expected to add 49 jobs to the plant, which currently has more than 500 employees.
By Cathy Siegner • Oct. 30, 2017 -
Whole Foods aims to hire 6,000 seasonal and full-time associates
The Amazon-style National Hiring Day, which is set to take place Thursday, wants to find workers for a variety of roles, including cashiers, prepared foods specialists and culinary experts.
By Jeff Wells • Oct. 30, 2017 -
Tyson Foods pushes further into food service with new c-store offerings
The meat processor's recently acquired AdvancePierre Foods subsidiary is introducing a line of on-trend flavors and formats in specially designed packaging.
By Cathy Siegner • Oct. 30, 2017 -
Constellation Brands hops into marijuana beverage market with $191M deal
The beer, wine and spirits giant, known for its Corona and Modelo Especial brands, has taken a 9.9% minority stake in Canopy Growth to develop weed-infused, non-alcoholic drinks.
By Emma Liem Beckett • Oct. 30, 2017 -
Utz buys Inventure Foods for $165M
The two snack companies have plenty of potential synergies ahead and their customer relationships and distribution strengths can complement all brands.
By Cathy Siegner • Oct. 27, 2017 -
Amazon's sales — and costs — are going up
More than ever, Amazon’s report is a picture of burgeoning sales, with heavy investments hitting profits. But most analysts continue to see its potential.
By Daphne Howland • Oct. 27, 2017 -
Boston Beer's sales and shipments continue to drop
Net income was up, but the general softening in the craft beer and cider markets — and the company CEO's retirement next year — may bring future problems for the brewer.
By Cathy Siegner • Oct. 27, 2017 -
Unilever tops list of environmentally responsible companies
The food maker aced every factor on the Carbon Disclosure Project's survey of practices, besting 12 other industry companies that also made the “environmental A-list.”
By Sandy Skrovan • Oct. 27, 2017 -
Peapod packs up for new headquarters in Chicago
By moving from its current location in the suburbs, the grocery delivery company will be closer to other food companies and a deeper talent pool of workers it can recruit.
By Erika Kincaid • Oct. 27, 2017 -
Meijer's year-old grocery delivery partnership with Shipt is popular with shoppers
The regional supermarket chain recently surpassed 500,000 transactions throughout six states in the Midwest, and it is on track for more than a million by the end of the year.
By Sandy Skrovan • Oct. 27, 2017 -
Just what the doctor ordered? Analysts question Dr Pepper Snapple execs on Bai purchase
The beverage giant has struggled to integrate the $1.7 billion deal into its operations, prompting at least one Wall Street firm to ask whether it regretted doing the acquisition.
By Cathy Siegner • Oct. 26, 2017 -
Scientists map the stevia plant's genetic makeup
Ingredients developed from this research could reduce the sugar and calorie content of foods and beverages while improving the taste.
By Cathy Siegner • Oct. 26, 2017 -
Deep Dive
Microalgae: A tiny ingredient packing a macro punch for food makers
The organism, which is expected to post sales of $44.7 billion for all uses by 2023, has ascorbic acid, protein and omega-3 fatty acids — giving it nutritional benefits sought after by consumers looking to eat healthier.
By Cathy Siegner • Oct. 26, 2017 -
Activist investor pressures Supervalu to sell stores, shake up board
Blackwells Capital is agitating for the grocer to create more value for shareholders after its stock price has fallen precipitously in recent years.
By Davide Savenije • Oct. 26, 2017 -
Snacks sweeten Hershey's sales and profits
Hershey's board has approved a $100 million stock repurchase program, and the company said it expects to be able to participate in opportunistic merger and acquisition activity.
By Cathy Siegner • Oct. 26, 2017 -
Pinnacle Foods sales and profits slip but company reaffirms outlook
The food manufacturer said its operations were affected by the exit of several Aunt Jemima frozen breakfast products, the exit of some U.K. businesses and recent U.S. hurricanes.
By Emma Liem Beckett • Oct. 26, 2017 -
Mondelez nabs Coke exec as its new North American president
The latest shakeup at an executive level comes as the food giant sees its CEO depart.
By Erika Kincaid • Oct. 26, 2017 -
Catalina and Label Insight join forces to offer marketing based on dietary needs
The marketing and data solutions firms are targeting shoppers with specific interests — including gluten-free, nut-free, heart-healthy, organic and eco-friendly.
By Cathy Siegner • Oct. 26, 2017
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