Corporate Operations: Page 228
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Activist investor takes 10% stake in Hain Celestial
Engaged Capital said in a filing that it could decide to pressure the natural and organic company to put itself up for sale.
By Emma Liem Beckett • June 30, 2017 -
Study: Lidl running even with Aldi on price, but ahead of Walmart and Kroger
Deutsche Bank found the retailer, which opened its first U.S. stores June 15, sold products that cost up to 15% less than its rivals.
By Jeff Wells • June 30, 2017 -
Explore the Trendlineâž”
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TrendlineHow AI is transforming the food and beverage industry
Companies are leaning on the technology across nearly all parts of their operations, from marketing to product design.
By Food Dive staff -
Beer for brunch: Brewers hope to make morning the right time for a drink
Companies are producing varieties that pair well with bacon, eggs and pancakes, hoping to build a bigger audience for the alcoholic beverage.
By Christopher Doering • June 30, 2017 -
McCormick's Q2 earnings beat analyst expectations
The spice and flavorings maker's recent acquisitions and investments in organic and non-GMO ingredients helped drive sales, which rose 5% to $1.11 billion for the period.
By Emma Liem Beckett • June 29, 2017 -
Albertsons leverages key hires in e-commerce overhaul
Bringing in tech leads from outside grocery is helping the chain expand its online availability and make key improvements.
By Jeff Wells • June 29, 2017 -
Hain Celestial buys healthy startup Better Bean
Marking the first acquisition for the company’s new Cultivate Ventures incubator and investment arm, the deal extends its reach into healthy perimeter offerings.
By Sandy Skrovan • June 29, 2017 -
Deep Dive
Expansion on aisle 3: How and why grocery stores decide to add more locations
With more than 38,000 brick-and-mortar stores nationwide and increased emphasis on digital shopping, a look at the strategies to build or relocate.
By Keith Loria • June 29, 2017 -
Conagra profit surges 29% on fewer promotions and sale of low-margin brands
The consumer products maker's CEO said "aggressive actions" taken by the company have allowed it to improve margins and boost innovation.
By Christopher Doering • June 29, 2017 -
Amazon's grocery ambitions still limited by a lack of distribution centers
Even with Whole Foods in its arsenal, the e-commerce giant lacks the infrastructure to offer grocery delivery on a broad scale.
By Jeff Wells • June 28, 2017 -
Amazon may help Whole Foods meet its $300M expense savings, inventory and shrinkage goals
Amazon's changes to Whole Foods will likely focus on frugality and operational efficiencies as the grocer seeks to streamline its supply chain.
By Jennifer McKevitt , Kate Patrick Macri • June 28, 2017 -
Meijer's small-format urban store could see wider rollout
During the recent groundbreaking on the chain’s Bridge Street Market in Michigan, CEO Rick Keyes hinted that the fresh-focused, 37,000-square-foot store could expand beyond the one location.
By Jeff Wells • June 28, 2017 -
Kroger CEO unfazed by stock tumble, says Amazon is a 'good fit' for Whole Foods
In an interview with CNBC, Rodney McMullen said the company is focused on the long term in an increasingly competitive industry.
By Jeff Wells • June 28, 2017 -
Hampton Creek to enter the clean meat business
The startup best known for its vegan condiments and desserts said it plans to sell clean meat products before the end of 2018.
By Megan Poinski • June 28, 2017 -
Ransomware attacks Mondelez, as well as other global companies
WPP and Maersk were also hit by the attack, which greeted victims with a message stating their files were encrypted and demanded $300 in Bitcoin for the decryption key.
By Naomi Eide • June 28, 2017 -
General Mills sales increase even as yogurt continues to weigh on company
The cereal and snack maker's CEO said the quarter "fell well short of our standards" and vowed to invest in products and innovation to spur growth.
By Christopher Doering • June 28, 2017 -
Nestle to focus on high-growth areas and buy back $21B in stock
The announcement came two days after an investor pushed it to make changes to its operations, including improving margins and selling noncore assets.
By Christopher Doering • June 28, 2017 -
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 -
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