Corporate Operations: Page 28
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Courtesy of Constellation Brands
Constellation buys Santa Barbara vineyard in higher-end wine push
The beverage giant purchased California-based Seasmoke’s pinot noir and chardonnay as it builds its portfolio of premium wines.
By Chris Casey • May 14, 2024 -
Courtesy of Kraft Heinz
Kraft Heinz’s Jell-O partners with Girl Scouts on pudding cups
The offerings, available in Thin Mints and Coconut Caramel cookie flavors, continue a broader push by the packaged food giant to innovate and expand its reach.
By Christopher Doering • May 14, 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 -
Lillianna Byington/Food Dive
Ferrero unwraps first chocolate factory in North America
The Bloomington, Illinois, expansion will make major brands like Kinder, Ferrero Rocher, Butterfinger and Crunch.
By Joelle Anselmo • May 13, 2024 -
Courtesy of Ferrero
Ferrero moves beyond mints and chocolate with Tic Tac Chewy
The fruit candy, with a crunchy exterior and softer inside, is the first product from the European sweets giant made exclusively for the U.S. It will appear on stores shelves in September.
By Christopher Doering • May 13, 2024 -
Courtesy of Kellanova
Kellanova to launch Pringles Mingles puffed snack
The offering, which hits shelves in October, comes as the snacking giant prioritizes innovating the $3.2 billion chip brand and other products within its portfolio.
By Chris Casey • May 13, 2024 -
Courtesy of Beyond Meat
Beyond Meat CEO sees 2024 as a ‘pivotal year’ despite grim Q1 results
The plant-based pioneer had its eighth straight quarter of revenue declines, but Ethan Brown is confident sales will pick up in the second half of the year.
By Elizabeth Flood • May 10, 2024 -
Spencer Platt via Getty Images
Snickers owner Mars commits $47M to slash dairy emissions
The CPG giant is testing seaweed feed supplements and plans to open three "net zero" farms as it looks to halve its carbon footprint by 2030.
By Sarah Zimmerman • May 9, 2024 -
Justin Sullivan via Getty Images
B&G Foods exploring sale of Green Giant frozen, canned vegetable businesses
The Crisco and Ortega owner is considering divestitures representing 10% to 15% of its consolidated net sales to focus its operations and lower its debt.
By Christopher Doering • May 9, 2024 -
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 -
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
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