Corporate Operations: Page 218
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Does a swell of independent grocery openings in DC hint at a new trend?
At least six locations have opened in the Washington, D.C., area since 2015, and additional openings are expected in the future.
By Emma Liem Beckett • Aug. 10, 2017 -
Ahold Delhaize profits surge 68% with merger savings
The Netherlands-based retail giant reported net income of €355 million ($416.04 million) for the quarter and net synergies of €117 million ($137.12 million) for the first half of 2017.
By Jeff Wells • Aug. 10, 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 -
Chef'd gets $25M investment from Smithfield Foods
The meal-kit startup has eschewed venture capital and instead turned to strategic partners such as Campbell Soup, which are looking to get a foothold in the space.
By Christopher Doering • Aug. 10, 2017 -
Could alcohol-free beer give the industry a much-needed buzz?
Specialty brews are growing increasingly popular with health-conscious consumers and those worried about the problems that can occur when drinking.
By Christopher Doering • Aug. 10, 2017 -
Flowers Foods Q2 performance underwhelms, lowers full-year guidance
The company also announced it will close a snack cake bakery in Winston-Salem, North Carolina in early October to help improve its profitability.
By Sandy Skrovan • Aug. 10, 2017 -
Blue Apron stock plunges 15% despite posting better-than-expected revenue
In its first earnings report as a public company, the meal-kit provider warned of unexpected costs tied to the start up of its new Linden, New Jersey, facility.
By Christopher Doering • Aug. 10, 2017 -
Retrieved from Chobani on August 03, 2016
Chobani reorganizes sales and marketing under 'demand' department
This move could break down organizational silos, increase integration and awareness across corporate functions, and make the company more responsive to changing consumer tastes and preferences.
By Sandy Skrovan • Aug. 9, 2017 -
Food and flat-boxed furniture: A third of Ikea shoppers come to eat
The Swedish retailer already has pop-up restaurants in London, Paris and Oslo, and is now reportedly considering opening stand-alone cafes in major cities around the world.
By Erika Kincaid • Aug. 9, 2017 -
Hostess' Q2 earnings deliver profit, but fall short of expectations
Company shares fell 3% after earnings were released Tuesday, but the baker is confident investments in product innovations will continue to drive revenue growth.
By Emma Liem Beckett • Aug. 9, 2017 -
Appeals court upholds $42M decision against Safeway over online pricing
The class-action case, which was filed in 2011, claimed the California-based grocer raised online product prices higher than its customer contract allowed.
By Jeff Wells • Aug. 9, 2017 -
FDA calls Impossible Burger's secret ingredient into question
The plant-based meat with soy leghemoglobin is still on the market, but the agency is concerned the substance could be an allergen.
By Sandy Skrovan • Aug. 9, 2017 -
Dave's Killer Bread continues to rise with help of ex-felons
The company was founded by Glenn Dahl and his brother Dave, who previously served 15 years in prison. Nearly a third of the firm's employees are former convicts.
By Erika Kincaid • Aug. 9, 2017 -
Monster Beverage sees strong Q2, but future growth could be slowing
The energy drink company's gross sales increased 9.8% to $1.04 billion from a year earlier, but segment and supply challenges loom on the horizon.
By Megan Poinski • Aug. 9, 2017 -
With unemployment low, grocery delivery services fight to retain workers
Instacart and Postmates are among the gig-economy companies offering perks, bonuses and other enticements to attract and hold on to employees.
By Jeff Wells • Aug. 9, 2017 -
Dean Foods' earnings disappoint as grocery wars take toll
The dairy giant saw a steep drop in gross profits, net income and earnings per share over last year as milk volumes decline and retail stores invest in private labels.
By Megan Poinski • Aug. 8, 2017 -
Analyst: Amazon unlikely to see competing bids for Whole Foods
One industry expert doesn’t see any other bids coming for Whole Foods — and with the grocer’s stock trading below the company's purchase price of $42, neither does the market.
By Sandy Skrovan • Aug. 8, 2017 -
Albertsons names Microsoft veteran as vice chairman
Kevin Turner, who also served as CEO and president of Sam’s Club and executive vice presidents of Walmart Stores Inc., will also serve as senior advisor to Albertsons CEO Bob Miller.
By Jeff Wells • Aug. 8, 2017 -
Snyder's-Lance Q2 earnings beat Wall Street expectations
The snack maker reported revenue of $579.6 million for the period and has finalized a performance transformation plan centered on winning millennial consumers.
By Emma Liem Beckett • Aug. 8, 2017 -
Luxury candy retailer Sugarfina gets sweet deal with $35M investment
The company, which currently has 38 outlets across the U.S., expects to double its revenue this year to $50 million.
By Erika Kincaid • Aug. 8, 2017 -
Halo Top owner explores potential $2B sale of ice cream brand
The popular frozen treat, which is owned by Eden Creamery, recently became the #1 selling pint of ice cream in the U.S., beating out iconic brands such as Ben & Jerry’s and Breyers.
By Christopher Doering • Aug. 8, 2017 -
Blue Apron may cut about 470 jobs as part of plant closure
The meal-kit provider, which has seen its stock plunge more than 40% since its June 29 IPO, is opening a new location about 15 miles away from one that is being shuttered.
By Christopher Doering • Aug. 7, 2017 -
President of General Mills' Annie's unit to step down after two decades
Following the integration of the organic brand after the 2014 purchase by the CPG giant, John Foraker is departing to join another entrepreneurial food company.
By Sandy Skrovan • Aug. 7, 2017 -
Kellogg adds probiotics to Special K to grow health halo
Promoting health benefits could be a way for cereal makers to draw consumers back to the category and revive slumping sales.
By Sandy Skrovan • Aug. 7, 2017 -
Is Sprouts the last grocery takeover target standing?
JPMorgan analyst Ken Goldman believes the organic grocer's unique business model could help it succeed as competition grows and the threat of Amazon-owned Whole Foods looms.
By Emma Liem Beckett • Aug. 7, 2017 -
Report: Walmart positioned to win against Amazon, Lidl and other challengers
The retailer has freshened up its stores and made critical investments in e-commerce, which along with its price advantages, have positioned it for continued growth.
By Jeff Wells • Aug. 4, 2017
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