Corporate Operations: Page 223
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Retrieved from General Mills on June 26, 2017
General Mills opens Cinnamon Toast Crunch drive-thru
The promotion near the Grand Canyon had unique recipes with the popular cereal including a trail mix, PB&J and French toast.
By Caitlin Mannering • June 27, 2017 -
Supervalu CFO Bruce Besanko resigns
He also served as the retailer-wholesaler’s chief operating officer, and will be the new CFO at department store chain Kohl's.
By Jeff Wells • June 27, 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 -
Lidl announces next store openings and $100M distribution center
On July 13, the company will open two new locations in North Carolina and two in Virginia.
By Jeff Wells • June 27, 2017 -
Amazon-Whole Foods merger could create headaches for struggling CPG brands
The online giant is likely to lower prices, increase its private label selection and elevate natural and organic brands, further hurting packaged-food companies.
By Jeff Wells • June 27, 2017 -
Tyson creates new position to help integrate acquisitions
An uptick in M&A activity across the food industry is prompting companies to add merger, transformation and change agent duties to the corporate leadership team.
By Sandy Skrovan • June 27, 2017 -
Retrieved from General Mills on June 26, 2017
US says 'bonjour' to General Mills' new French-style Yoplait yogurt
As the food products giant looks to reinvigorate sales at the dairy unit, the company hopes a new taste, glass jar and clean label will attract shoppers' attention.
By Christopher Doering • June 27, 2017 -
Walmart seeks the next great American brands in 4th annual open call
The event not only gives entrepreneurial startups a shot at earning national distribution, but brings the retailer an economical way of landing in-demand locally made, small-batch products.
By Sandy Skrovan • June 26, 2017 -
Activist investor Daniel Loeb's hedge fund acquires a $3.5B stake in Nestle
In a letter, Third Point suggested the company should improve margins, innovate and sell noncore assets like its share in cosmetics maker L’Oréal.
By Christopher Doering • June 26, 2017 -
Deep Dive
A Balancing Act: What M&A activity is on the food industry's horizon for the rest of 2017?
Food and beverage companies are changing the way they do business, and analysts see more consolidation and venture capital funding in the future.
By Megan Poinski • June 26, 2017 -
Analyst: Wegmans should accelerate its expansion
Disruption in the crowded market works in favor of the highly successful grocer, according to Burt P. Flickinger III of Strategic Resources Group.
By Jeff Wells • June 26, 2017 -
Report: Walmart will not bid on Whole Foods
Sources told Reuters the retail giant isn’t interested in buying the company and that the natural and organic retailer has not received a second offer.
By Jeff Wells • June 26, 2017 -
Dean Foods expands outside of dairy with Uncle Matt's Organic purchase
The leading milk processor did not disclose how much it paid for the maker of probiotic-infused juices and fruit-infused water.
By Christopher Doering • June 26, 2017 -
Danone, Nestle CEOs say transparency is key to regaining consumer trust
The executives said multinationals need to be more open and tackle issues like climate change and obesity – or risk losing market share to start-ups.
By Caroline Macdonald • June 26, 2017 -
J.P. Morgan: Walmart could challenge Amazon in Whole Foods play
Analysts say the big-box retailer has the means and the motive and is more likely than Kroger, Costco or Target to get into a bidding war with Amazon.
By Daphne Howland • June 23, 2017 -
Giant serves up Beer & Wine Eateries in more stores
More grocers are adding in-store bars to create a shopping experience that entices consumers to stay longer, buy more and return often.
By Sandy Skrovan • June 23, 2017 -
Costco begins construction on Nebraska poultry facility
The $300 million plant, which is expected to process 2 million chickens per week for the wholesaler, is set to open in April 2019.
By Emma Liem Beckett • June 23, 2017 -
Analyst: Lidl threat a 'tremendous factor' in recent grocery CEO resignations
Ian McLeod of Southeastern Grocers and Rick Anicetti of The Fresh Market also likely left due to lack of resources, according to Strategic Resource Group’s Burt P. Flickinger III.
By Jeff Wells • June 23, 2017 -
Winn-Dixie case may compel retailers to make their websites ADA compliant
A legally blind Florida resident successfully sued the grocer after he was unable to fill an online prescription.
By Jeff Wells • June 23, 2017 -
No big deal: Food and beverage transactions during May were small in size
Despite a high level of acquisition activity, there were no major purchases last month with the largest a health supplements company bought for $446 million.
By Sandy Skrovan • June 23, 2017 -
Dr Pepper replaces Bai founder with company insider
The replacement of Ben Weiss with Lain Hancock comes five months after the soda giant purchased the antioxidant-infused beverage company.
By Christopher Doering • June 23, 2017 -
Walmart stops price-matching in Minnesota stores
The brick-and-mortar giant has shifted to emphasize “always low prices” and incentives for online shoppers to pick up in stores.
By Daphne Howland • June 23, 2017 -
Nestle launches incubator to help upstart food and agriculture companies
The bottled water, ice cream and candy maker is looking to boost innovation by combining its resources with creative thinking from entrepreneurial businesses.
By Sandy Skrovan • June 22, 2017 -
Beyond tomatoes: Ketchup makers embrace alternative vegetables
Mintel says one in five new launches of the condiment in Germany focus on alternative produce such as beetroot, carrot or pumpkin.
By Christopher Doering • June 22, 2017 -
Retrieved from General Mills on October 21, 2015
General Mills taps Ivan Pollard as chief marketing officer
Most recently at Coca-Cola, the new executive will be responsible for overseeing marketing strategies at the grocery, yogurt and snack giant.
By Emma Liem Beckett • June 22, 2017 -
USDA
Tyson to try new chicken stunning method to improve animal welfare
Controlled atmosphere stunning, which uses gas to render chickens unconscious before slaughter, will be tested at two company farms during the next year.
By Caroline Macdonald • June 22, 2017
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