Corporate Operations: Page 25
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Courtesy of General Mills
General Mills taps CPG veteran to spur growth
Asheesh Saksena, who previously served in the C-suite at Gap, Inc. and Best Buy, will help the food company diversify its portfolio.
By Chris Casey • July 18, 2024 -
Courtesy of Bonumose
Roquette, Bonumose partner to boost tagatose production
The ingredients businesses are joining forces to scale the natural sweetener, giving food and beverage formulators a better-for-you alternative to sugar.
By Chris Casey • July 18, 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 -
Mario Tama via Getty Images
Danone, Nestlé join over 130 companies in call to reverse biodiversity loss ahead of COP16
A coalition of businesses across various industries are pressing world leaders to take action on an issue often overlooked by corporate sustainability plans.
By Sarah Zimmerman • July 18, 2024 -
Courtesy of Coca-Cola
ColumnThe Weekly Sip: Coca-Cola taps YouTube stars for BodyArmor collab | Evolution Fresh bursts into better-for-you soda
The sports drink is launching its latest offering with the influencers behind Dude Perfect, and California brewery Fieldwork debuts a line of nonalcoholic beverages.
By Food Dive staff • July 18, 2024 -
Alex Wong via Getty Images
Kraft Heinz names former Pepsi marketer Todd Kaplan as North America CMO
The decorated CPG marketer, who spent nearly 20 years at PepsiCo, is tasked with realizing modern marketing capabilities that can unlock new growth.
By Peter Adams • July 17, 2024 -
Courtesy of Kellanova
Kellanova brings waffle flavor to a mug with Eggo Coffee
The food giant is taking its breakfast brand into the lucrative morning beverage category where it will compete with offerings from companies such as Nestlé and J.M. Smucker.
By Chris Casey • July 17, 2024 -
Permission granted by Ferrero
Ferrero’s Famous Amos returns to its original recipe after brand overhaul fails to resonate
The snack maker is altering the nearly 50-year-old cookie’s ingredients list again, redesigning the packaging and lowering the price.
By Christopher Doering • July 17, 2024 -
Permission granted by Mama's Creations
From meatballs to deli dominance: How a former Mondelēz exec is building a $1B food company
CEO Adam Michaels has cut millions in spending from Mama’s Creations and added dozens of new foods like olives and pasta salad through acquisitions.
By Christopher Doering • July 16, 2024 -
Christopher Doering/Food Dive
PepsiCo CEO sees lower prices across parts of its snacking portfolio
Ramon Laguarta said some of its products, such as unsalted potato or tortilla chips, need a “value reset” as inflation and higher borrowing costs weigh on U.S. consumers.
By Christopher Doering • July 15, 2024 -
Getty Images
Pernod Ricard creates dedicated US whiskey company
The Jameson maker is growing its spirits operations following investments in brands such as Rabbit Hole and Jefferson’s.
By Chris Casey • July 15, 2024 -
Permission granted by Nestle
Nestlé’s Nespresso opening ‘immersive’ coffee boutiques across US
The outlets are tailored to Gen Z and others wanting to learn more about coffee and establish a deeper connection with the premium brand.
By Christopher Doering • July 15, 2024 -
Anna Moneymaker via Getty Images
Tyson agrees to sell Georgia poultry complex
The deal with House of Raeford Farms comes after months of cost cutting at the meat and poultry giant, including plant closures and layoffs.
By Nathan Owens • July 12, 2024 -
Retrieved from Instagram on July 10, 2024
Deep DiveHow influencers are changing the way food and beverage companies harness social media
The days of relying on expos and conventions are long gone. Companies are now embracing Instagram and TikTok and working with influencers to stay relevant.
By Elizabeth Flood • July 11, 2024 -
Courtesy of Chobani
Chobani introduces shelf-stable low-fat dairy milk for a cause
Super Milk, which will not be sold in stores, is being manufactured as a donation to communities facing natural disasters or food insecurity.
By Christopher Doering • July 9, 2024 -
Courtesy of Athletic Brewing
Nonalcoholic beer maker Athletic boosts coffers with $50M investment
The financing round, which values the brewer at around $800 million, will help fund the fast-growing company’s expansion efforts.
By Christopher Doering • July 9, 2024 -
Permission granted by Oatly
Oatly ushers in US chief customer officer
Beverage industry veteran Christopher Link plans to drive trial through retail partnerships and further connecting internal teams.
By Elizabeth Flood • July 9, 2024 -
Getty Images
ADM teams with Smucker for regenerative peanut program
In partnership with the National Black Growers Council, the companies aim to make it easier for peanut farmers to improve their soil health and carbon intensity.
By Nathan Owens • July 8, 2024 -
Getty Images
Tyson Foods scales back its antibiotic-free beef pledge
The meat processing giant said last year it would reintroduce antibiotics into some of its chicken products after removing them in 2017.
By Chris Casey • July 3, 2024 -
Getty Images
OpinionWhat the Chevron decision might mean for FDA’s nutrition policy agenda
The Supreme Court ruling may lead to a challenge on a host of food-related initiatives from the agency, including FSMA and updated guidance on sodium reduction, writes DSM Strategic Communications founder Sean McBride.
By Sean McBride • July 2, 2024 -
Permission granted by Athletic Brewing
Beer giants lifting nonalcoholic space with ‘non-compromising’ launches: Athletic CEO
Just five years ago, top brands were absent from the market. Today, Blue Moon, Guinness, Corona, Heineken and Bud offer no- and low-alcohol versions of their popular brews.
By Christopher Doering • July 2, 2024 -
Courtesy of Herbruck's Poultry Ranch
Cal-Maine buys egg producer for $110M to grow presence in the Northeast
The purchase of ISE America expands the company’s dominant position in the protein with the addition of nearly 5 million egg-laying hens to its portfolio.
By Chris Casey • July 1, 2024 -
Courtesy of Kellanova
Why Kellanova sees Pringles as its gateway to snacking domination
The snacking giant is betting on its ability to grow the chip offering into a $4 billion brand through a diverse array of flavors and formats.
By Chris Casey • July 1, 2024 -
Courtesy of Tilray Brands
Cannabis producer Tilray debuts nonalcoholic beer Runner’s High
Despite having its roots in marijuana, the Canadian company is diversifying its revenue stream by entering the trendy category.
By Chris Casey • June 28, 2024 -
Courtesy of Kellanova
ColumnLeftovers: Cheez-It joins forces with Hidden Valley Ranch | Kellogg, Crumbl bring cookies to cereal
The fan-favorite salad dressing and the classic cracker collaboration will hit shelves in July. In other news, Drumstick meets Slurpee in an ice cream cone at 7-Eleven stores.
By Food Dive staff • June 28, 2024 -
Courtesy of Más+ Next Generation Beverage Co.
ColumnThe Weekly Sip: Lionel Messi enters hydration drinks game | NFL’s Gronkowski invests in Casa Azul
In other beverage news, a newly launched tequila brand aims to blend Mexican and Indian culture.
By Food Dive staff • June 27, 2024
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