Corporate Operations: Page 21
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Courtesy of Lamb Weston
French fry maker Lamb Weston to close plant, cut about 428 jobs
The restructuring comes as the supplier of frozen potato products faces sluggish demand for its offerings at restaurants and retailers.
By Christopher Doering • Oct. 2, 2024 -
Retrieved from Urban Legend.
Mondelēz’s VC arm buys minority stake in healthier doughnut brand
The investment in UK-based Urban Legend expands the Oreo maker's presence in the better-for-you bakery space and builds on efforts to expand in cakes and pastries.
By Christopher Doering • Oct. 1, 2024 -
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 -
Christopher Doering/Food Dive
PepsiCo to acquire tortilla-chip maker Siete Foods for $1.2B
The acquisition expands on the New York company’s efforts to improve the healthiness of its snacking portfolio as consumers watch more closely what they eat.
By Christopher Doering • Oct. 1, 2024 -
Permission granted by IFT
Top food and beverage events still to come in 2025
The remainder of the year is filled with a variety of conferences showcasing the latest innovations in ingredients, manufacturing and more.
By Elizabeth Flood , Sarah Zimmerman • Updated June 30, 2025 -
Christopher Doering/Food Dive
‘Sauce is boss’: How Campbell Soup is turning Rao’s into its next $1B brand
While the premium brand has branched out into pasta, frozen entrees, pizza and soup, executives said about 75% of sales will come from its fast-growing jarred sauce.
By Christopher Doering • Oct. 1, 2024 -
Courtesy of Diageo
Diageo acquires nonalcoholic spirits brand Ritual
The company is expanding its presence in the zero-proof beverages market with a brand that sells alternatives to gin, whiskey and tequila.
By Chris Casey • Sept. 30, 2024 -
Permission granted by Kraft Heinz / Rise Against Hunger
Kraft Heinz brings procurement expertise to Rise Against Hunger
The manufacturer is leveraging its logistics partnerships to help the nonprofit bring food to communities in need across Europe.
By Alejandra Carranza • Sept. 27, 2024 -
Courtesy of Mondelēz International
Mondelēz expands generative AI marketing bets with new platform
Publicis Groupe and Accenture support the offering focused on faster, more efficient production of personalized text, images and video.
By Peter Adams • Sept. 27, 2024 -
Courtesy of Goodles
Goodles poaches CFO from Sovos Brands
The better-for-you mac and cheese company is focused on leveraging Chris Hall’s experience to gain momentum in brand awareness.
By Elizabeth Flood • Sept. 26, 2024 -
Courtesy of Waterloo Gin Company
Billionaire Patrón founder buys Waterloo gin
John Paul DeJoria wants to expand distribution of the 15-year-old botanical-infused spirits brand beyond its existing markets of Texas and Florida.
By Chris Casey • Sept. 25, 2024 -
Courtesy of Jones Soda
Jones Soda takes on Poppi with new prebiotic drinks
The beverage, which contains fiber, immune support and less sugar than similar products, is launching as consumers look for healthier options for their favorite items.
By Christopher Doering • Sept. 25, 2024 -
Courtesy of Coca-Cola
Coca-Cola to discontinue its Spiced flavor after 7 months
The beverage, intended as the first permanent offering for the brand in more than three years, is being phased out in favor of a new flavor set to be introduced in 2025.
By Christopher Doering • Sept. 24, 2024 -
Permission granted by Travis Rathbone
Kylie Jenner’s Sprinter vodka soda has ambitions to transcend the ‘celebrity brand’
The canned cocktail brand, which launched earlier this year, blends premium liquor with sparkling water and fruit juice in an appeal to Gen Z.
By Chris Casey • Sept. 24, 2024 -
Courtesy of Lifeway Foods, Inc.
Danone offers to buy kefir maker Lifeway Foods for $283M
The proposal to buy the company for $25 a share comes as Lifeway’s leadership remains embroiled in a bitter family dispute and the manufacturer faces shareholder calls to sell itself.
By Christopher Doering • Sept. 23, 2024 -
Courtesy of Kraft Heinz
Kraft Heinz steak sauce heads to the dairy aisle with A1 butter
The innovation, the first outside of its signature condiment in more than five years, comes as the packaged food giant looks to generate $2 billion in incremental net sales by 2027.
By Christopher Doering • Sept. 23, 2024 -
Scott Olson via Getty Images
Hershey shuffles jobs to better align with growth
The Reese’s and Dot’s Pretzels manufacturer is laying off about 200 employees while adding dozens of new jobs in areas such as technology and data science.
By Christopher Doering • Sept. 20, 2024 -
Permission granted by Fishwife
Catching mackerel in the Shark Tank: How Fishwife became a sensation
The brand upended the $2.6 billion U.S. tinned fish market by touting its sustainability and transparency attributes while using distinctive packaging.
By Judy McGuire • Sept. 20, 2024 -
Getty Images
General Mills teams with grocery giant to expand regenerative agriculture
A collaboration between Ahold Delhaize USA and the consumer food company will support farmers as they transition to practices that cut greenhouse gas emissions.
By Nathan Owens • Sept. 19, 2024 -
Courtesy of Wilk
Q&AHow a dairy additive startup is finding success in precision fermentation by thinking small
Turtle Tree Labs is avoiding exposure to alternative milks or other low-margin offerings by focusing on specialty ingredients for adult nutrition and sports performance.
By Jesse Klein • Sept. 19, 2024 -
Courtesy of General Mills
General Mills sees at-home consumption rebounding after price cuts
CEO Jeff Harmening told Wall Street analysts that the cereal maker is benefiting from consumers who are eating more at home to save money.
By Chris Casey • Sept. 19, 2024 -
Courtesy of Nutrabolt
C4 partners with Hershey to bring its sweets to energy drinks, protein powders
The initial tranche of products will include the confectionery giant’s Bubble Yum, Jolly Rancher, Hershey's Milk Chocolate and Reese's brands.
By Christopher Doering • Sept. 18, 2024 -
Courtesy of Coca-Cola
Coca-Cola and Bacardi partner on ready-to-drink cocktail
The premixed beverage will be sold in several markets worldwide in 2025, with the initial launch planned for Mexico and select European markets.
By Christopher Doering • Sept. 17, 2024 -
Courtesy of PepsiCo
PepsiCo’s Gatorade debuts electrolyte powder aimed at everyday hydration
The product fills a void for the $6 billion-plus brand that is typically geared toward athletes and other physically active people.
By Christopher Doering • Sept. 17, 2024 -
Courtesy of Kind
Kind appoints Mars-insider as new CEO ‘to shape future of snacking’
Daniel Calderoni, the third executive to oversee the snack bar in four years, brings more than 20 years of experience leading consumer brands.
By Christopher Doering • Sept. 17, 2024 -
Courtesy of Nestlé
Nestlé‘s Stouffer’s launches first shelf-stable offering with macaroni and cheese
The product will compete in a segment with almost $3 billion in sales and help the CPG giant take advantage of consumer interest in shelf-stable and frozen versions of the food.
By Christopher Doering • Sept. 16, 2024
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