Corporate Operations: Page 25
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Thai Phi Le/Food Dive
ColumnThe Weekly Sip: Canned cocktails boost AB InBev | Powerade puckers up with sour flavor
The brewer said RTD spirit-based drinks like Cutwater and Nütrl are offsetting losses in U.S. beer, and Waterloo’s latest sparkling water finds inspiration from libations like mojitos and rosé.
By Food Dive staff • May 9, 2024 -
Courtesy of Jennifer Chong for CAULIPOWER
Prioritizing growth, Caulipower names former PepsiCo exec as CEO
Tyler Ricks’ 30 years of experience in food and beverage includes work with brands eventually acquired by large CPG firms, such as Plum, Bear Naked and Yasso.
By Christopher Doering • May 8, 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 -
Hitra via Getty Images
The Ozempic effect is real: Study zeroes in on GLP-1 users’ food needs
Food startups have an opportunity to jump on the snacking needs of this new demographic with products focused on protein, portion size and hydration.
By Jennifer Lawinski • May 8, 2024 -
Permission granted by Del Monte Foods
Del Monte Foods boosts production, distribution of fast-growing bubble tea brand
Joyba's success comes amid broader momentum in the global bubble tea market, with sales projected to nearly triple to $6.2 billion by 2032.
By Christopher Doering • May 8, 2024 -
Courtesy of Impossible Foods
Impossible Foods CEO on the importance of first impressions
With headlines circulating around the declining sales in the plant-based category, Peter McGuinness believes it’s “ill-defined.”
By Elizabeth Flood • May 7, 2024 -
Courtesy of Bolthouse Farms
Butterfly splits Bolthouse Farms into two companies
Generous Brands, the new juice and protein drinks business, will be helmed by Kraft Heinz veteran Steve Cornell. Timothy Escamilla, former president of Dole Fresh Vegetables, was appointed CEO of Bolthouse Fresh Foods.
By Chris Casey • May 7, 2024 -
Courtesy of Kellanova
Kellanova’s ‘stronger commercial plans are taking hold’ after raising prices, CEO says
The Pringles and Cheez-It maker outperformed Wall Street expectations but faced headwinds from a decline in volumes in its most recent quarter.
By Chris Casey • May 7, 2024 -
Christopher Doering/Food Dive
Deep DiveSurging air fryer popularity leads Nestlé, other CPG giants to rethink food
Once a novelty, the gadget’s presence in nearly two-thirds of U.S. homes has forced manufacturers to play catch-up and flood the market with compatible products.
By Christopher Doering • May 7, 2024 -
Courtesy of Mondelez International
Mondelēz brings $1B Chips Ahoy! brand into gluten-free category
The snacking giant also sells Oreos that avoid the wheat protein as the company appeals to the 25% of Americans who adhere to the diet.
By Christopher Doering • May 6, 2024 -
Christopher Doering/Food Dive
Kraft Heinz sells TGI Fridays frozen appetizers for perpetuity under revised deal
The restaurant brand is “an important part” of the packaged food company’s portfolio and “a growth driver” for its North American business, a top executive said.
By Christopher Doering • May 6, 2024 -
Christopher Doering/Food Dive
Just Ice parent shifting scarce resources to fast-growing tea, pulling back on snacks
Eat the Change started selling environmentally friendly, nutrient-dense treats before moving into beverages in 2022 after Coca-Cola discontinued its organic Honest tea brand.
By Christopher Doering • May 6, 2024 -
Courtesy of Fresh Del Monte
ColumnLeftovers: Fresh Del Monte pineapples turn red | Little Bites get a little less sweet
The unique fruit resulted from crossbreeding different varieties in Costa Rica, and General Mills purchases regeneratively grown almonds for its latest snack bar.
By Food Dive staff • May 3, 2024 -
Permission granted by Jones Soda
How reclassifying marijuana could benefit beverages
The U.S. Drug Enforcement Administration is set to reclassify the drug as Schedule III, which experts say could help companies in the space increase their cash flow and innovation because of looser taxation.
By Chris Casey • May 2, 2024 -
Courtesy of Dogfish Head Craft Brewery
ColumnThe Weekly Sip: Dogfish Head splashes into summer with margarita | Suntory rebrands with RTD spirits push
The brewer’s latest tequila cocktail offering contains 12% alcohol by volume, and Health-Ade’s SunSip prebiotic soda refreshes its lineup with a Lemon Lime flavor.
By Food Dive staff • May 2, 2024 -
Courtesy of Poppi
Healthy soda brand Poppi denies being M&A target of large beverage companies
The drink, introduced in March 2020, is posting triple-digit growth as it benefits from surging consumer interest in better-for-you offerings.
By Christopher Doering • May 2, 2024 -
Courtesy of Walmart
Walmart adds new grocery line to private brands portfolio
The retailer said its new bettergoods line includes 300 items and marks its largest private brand food launch in 20 years.
By Catherine Douglas Moran • May 1, 2024 -
Permission granted by Impossible Foods
Impossible Foods secures ‘highly anticipated’ retail deal with Whole Foods
CEO Peter McGuinness told Food Dive that though the company was “late to the game in retail,” the launch will help its plant-based chicken products be as available as possible.
By Elizabeth Flood • April 30, 2024 -
Courtesy of Kraft Heinz
Velveeta launches queso in a jar, new Shells & Cheese varieties
The food giant has introduced innovations for several of its biggest brands during the last year as it looks to generate $2 billion in incremental net sales by 2027.
By Christopher Doering • April 30, 2024 -
Sandra Mu via Getty Images
Traces of bird flu detected in 1 in 5 grocery store milk samples: FDA study
The findings come as avian influenza continues to spread in U.S. dairy herds, with a ninth state reporting a positive case.
By Nathan Owens • April 29, 2024 -
Courtesy of Campbell Soup
An inside look at the innovation of Campbell Soup’s $1B Goldfish crackers brand
The company is using different textures, sizes and limited-time offerings to maintain the 62-year-old brand’s relevance amid an abundance of snack options.
By Christopher Doering • April 29, 2024 -
Christopher Doering/Food Dive
Mondelēz seeks to work with tech startups focused on ingredients, packaging and sustainability
The snacking giant said the companies it partners with as part of its incubator program will provide early access to new capabilities to develop breakthrough products and platforms.
By Christopher Doering • April 24, 2024 -
Justin Sullivan via Getty Images
How Heineken is using AI to gain a competitive advantage
The Dutch brewer is among the first companies to utilize Stravito's new artificial intelligence chatbot that helps enhance its market research capabilities.
By Chris Casey • April 23, 2024 -
Christopher Doering/Food Dive
Coca-Cola to spend $1.1B to use Microsoft’s cloud, AI services
The beverage giant is exploring the use of the technology to streamline its operations, foster innovation, boost efficiency and discover growth opportunities.
By Christopher Doering • April 23, 2024 -
Courtesy of Lindt
Lindt expands plant-based portfolio with Lindor Oatmilk Truffles
The spherical confections are the second non-dairy product in the Lindt collection following the 2022 launch of its bars.
By Christopher Doering • April 23, 2024 -
Courtesy of Boston Beer
Boston Beer fuses beer and seltzer flavors in nonalcoholic offering
The maker of Sam Adams is using the new booze-free product as a launchpad for nationwide direct-to-consumer shipping.
By Chris Casey • April 22, 2024
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