Corporate Operations: Page 22
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Craig Barritt via Getty Images
Stoli vodka owners file for bankruptcy following cyberattack
The company's CEO said that its IT systems have been affected since the ransomware attack earlier this year, which coincided with the seizure of distilleries producing the spirit in Russia.
By Chris Casey • Dec. 4, 2024 -
Spencer Tirey via Getty Images
Cargill cuts 5% of global workforce after profits decline
The move, which will affect approximately 8,000 jobs, comes as the world's largest private company plans to streamline operations in the face of lower crop prices and challenges in beef.
By Sarah Zimmerman • Dec. 4, 2024 -
Explore the Trendline➔
Courtesy of PIPA
TrendlineReformulating for the future: Why the food industry is overhauling ingredient lists
Companies are under rising pressure to improve the nutritional profile of their products while balancing taste, texture and affordability.
By Food Dive staff -
Christopher Doering/Food Dive
The Campbell’s Company names Mick Beekhuizen as CEO
The CPG veteran, who currently oversees the soup giant’s $5.3 billion meals and beverages division, will take over for Mark Clouse on Feb. 1.
By Christopher Doering • Dec. 3, 2024 -
Justin Sullivan via Getty Images
Constellation Brands selling Svedka vodka to Sazerac
The divestiture comes as the Corona brewer focuses on premium wine and spirits while distancing itself from its less expensive offerings that are seeing a decline in consumption.
By Chris Casey • Dec. 3, 2024 -
Stephen Chernin via Getty Images
OpinionThe time is now for the upcoming FDA Food Traceability Rule
Legislators should reject attempts to further delay or diminish the bi-partisan work in support of this critical food safety tool, argues Consumer Reports food policy director Brian Ronholm.
By Brian Ronholm • Dec. 3, 2024 -
Getty Images
TreeHouse Foods buys private label tea business for $205M
The purchase will strengthen its competitive position in the fast-growing beverage category while building its presence in higher-growth, higher-margin businesses.
By Christopher Doering • Dec. 2, 2024 -
Scott Olson via Getty Images
The Campbell’s Company names head of supply chain
The CPG giant announced company veteran Cassandra Green as its SVP and head of supply chain amid a production overhaul.
By Alejandra Carranza • Dec. 2, 2024 -
Permission granted by Smarties Candy Company
How candy maker Smarties bet on a single product and won big
The 75-year-old company is posting record sales with its tiny circular tablets and attracting suitors interested in purchasing the family-owned business.
By Christopher Doering • Dec. 2, 2024 -
Getty Images
Canopy Growth taps Mars veteran Luc Mongeau as CEO
The struggling company said the CPG executive, with experience in pet care, furniture and cannabis, is ideally positioned to oversee its next phase of growth.
By Chris Casey • Nov. 26, 2024 -
Courtesy of Lifeway Foods
Lifeway says Danone’s latest offer ‘undervalues’ firm, but board not opposed to a sale
The kefir maker touted its ability to increase shareholder value, noting its recent growth and demand for its products from consumers interested in healthy foods.
By Christopher Doering • Nov. 26, 2024 -
Getty Images
OpinionCalifornia’s food safety overhaul: From label to table
With looming compliance deadlines, companies must prepare now to make sure they’re following the state’s food ingredient and labeling laws.
By Sedina L. Banks and Sherry E. Jackman • Nov. 26, 2024 -
Getty Images
How RFK Jr. could shake up the food industry
Trump’s HHS pick is expected to work to eliminate processed foods from school lunches and push for the removal of dyes from cereals and other items.
By David Silverberg • Nov. 26, 2024 -
Courtesy of Oishii
Oishii nabs another $16M as it prepares to take its luxury strawberries worldwide
The funding comes as the vertical farming company enters the Chicago market and prepares to open its first international facility in Tokyo.
By Nathan Owens • Nov. 25, 2024 -
Courtesy of Sabra
PepsiCo to acquire full ownership of Sabra, Obela brands for $244M
The deal with Strauss Group will enable the CPG giant to expand its better-for-you portfolio by giving it full control over the dip and spread products.
By Christopher Doering • Nov. 22, 2024 -
Courtesy of Kraft Heinz
ColumnLeftovers: Kraft Mac & Cheese rolls out bagel flavor | Kit Kat’s new seasonal shape
The offering is the first limited-time product for the pasta and cheese dish, and Hershey launches the chocolate-wafer confection designed to look like Santa.
By Christopher Doering • Nov. 22, 2024 -
Spencer Platt via Getty Images
Investors urge Coca-Cola, Kraft Heinz, others to provide transparency on products’ health impact
Over 30 investors and asset managers asked top executives from leading food and beverage companies to annually disclose the “healthiness” of their products.
By Zoya Mirza • Nov. 21, 2024 -
Courtesy of Shiru
Q&AShiru’s CEO discusses ‘revolutionary possibilities’ of its protein AI platform
The startup’s database can help food manufacturers incorporate more functional ingredients into their products, Jasmin Hume says.
By Jennifer Lawinski • Nov. 21, 2024 -
Courtesy of Pizza Hut
ColumnThe Weekly Sip: Pizza Hut uncorks tomato wine | Anheuser-Busch spends $14M to improve Houston brewery
In other beverage news, PKN debuted a barista version of its pecan milk for lattes and cappuccinos.
By Chris Casey • Nov. 21, 2024 -
Catherine Douglas Moran/Food Dive
Trump’s tariff plan is likely to push up grocery prices, economists say
The U.S.'s reliance on food and beverages from abroad has grown, creating a potentially significant exposure under the president-elect’s plan.
By Sam Silverstein • Nov. 20, 2024 -
Courtesy of Lifeway Foods, Inc.
Lifeway rejects Danone’s second takeover offer
The kefir company said the revised $27 a-share proposal substantially undervalues” its business.
By Christopher Doering • Nov. 20, 2024 -
Permission granted by Nature's Bakery
Nature’s Bakery bucking slowdown in snack bars with healthier offering
The Mars-owned brand is posting double-digit growth and wooing consumers by solving “a real problem” with its whole grain and fruit products.
By Christopher Doering • Nov. 20, 2024 -
Kevin Dietsch via Getty Images
Ben & Jerry’s sues parent company Unilever for stifling its stance on Gaza
The ice-cream maker said Unilever threatened to “dismantle” its independent board and sue its board members if it issued a statement calling for a “ceasefire” in the region.
By Zoya Mirza • Nov. 19, 2024 -
Courtesy of J.M. Smucker
JM Smucker opens Uncrustables facility in Alabama
The food giant's $1.1 billion investment marks the third manufacturing location dedicated to the brand.
By Joelle Anselmo • Nov. 19, 2024 -
Christopher Doering/Food Dive
Nestlé to cut $2.8B in costs, separate water into standalone business
The packaged goods giant also plans to fix, rather than sell, the majority of its underperforming businesses, CEO Laurent Freixe told investors and analysts.
By Christopher Doering • Nov. 19, 2024 -
Courtesy of Electrolit
Hydration beverage maker Electrolit invests $400M in first US plant
The company, with nearly half a billion in annual sales nationwide, is doubling down on its recent success and the popularity of electrolyte-infused drinks.
By Chris Casey • Nov. 19, 2024
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