Corporate Operations: Page 289
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Despite decline, analyst predicts cereal industry comeback
The cereal industry has seen "consistent sequential improvements," according to Credit Suisse analyst Robert Moskow.
By Carolyn Heneghan • Nov. 25, 2015 -
Emails reveal relationship between Coca-Cola, GEBN: AP
Coca-Cola's involvement with the nonprofit is substantial, according to the Associated Press.
By Carolyn Heneghan • Nov. 24, 2015 -
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 -
Pinnacle Foods to buy Boulder Brands in $975M deal
M&A has been rampant across the industry this year, especially in the health and wellness category.
By David Oliver • Nov. 24, 2015 -
Campbell posts decreased sales, higher-than-estimated profit
The company's two traditional processed foods segments saw sales declines, while Campbell Fresh increased sales by 8%.
By Carolyn Heneghan • Nov. 24, 2015 -
Hormel: Operating profit up, sales mixed
Jennie-O's negative impact from the bird flu was partially offset by strong operating profit and volume in other segments.
By Carolyn Heneghan • Nov. 24, 2015 -
Nestle: Thai seafood suppliers engaged in labor abuse
The laborers were forced to work on fishing vessels and at ports, mills, and seafood farms in Thailand in an attempt to repay job broker fees, which were usually higher than their wages, according to findings.
By Carolyn Heneghan • Nov. 23, 2015 -
Cognac producers make US push
Retail cognac sales in the U.S. are predicted to rise 9% from last year to $5.2 billion, according to Euromonitor.
By Carolyn Heneghan • Nov. 23, 2015 -
Tyson rides the success of Hillshire acquisition, but profit misses estimates on beef price dip
Quarterly revenue benefited from strong demand for chicken and an increase in sales for the prepared foods segment thanks to the 2014 Hillshire acquisition.
By Carolyn Heneghan • Nov. 23, 2015 -
Coca-Cola exec: Mini-cans to 'reinvent' the soda business
As soda volumes decline, the company is able to charge more by the ounce for transaction packages, which include mini-cans and mini-bottles.
By Carolyn Heneghan • Nov. 23, 2015 -
Kraft Heinz must slash more jobs to impress investors: analyst
"Kraft needs to get smaller before it can begin to capitalize on its scale," wrote Credit Suisse analyst Robert Moskow.
By Carolyn Heneghan • Nov. 22, 2015 -
Coke CEO has a 'golden triangle' plan for a feminist boost
“Women have a better feeling, a better immersion, a better ideation on how to create positive balance between social and economic values," Muhtar Kent said.
By Carolyn Heneghan • Nov. 20, 2015 -
Cargill consolidates upper management teams
The move will eliminate the Cargill Leadership Team and a second-tier corporate leadership team comprised of about two dozen executives.
By Carolyn Heneghan • Nov. 20, 2015 -
Tyson announces the closure of two plants, costing 880 jobs
This is the latest in a number of factory shutterings the company has announced since acquiring Hillshire Brands in 2014.
By Carolyn Heneghan • Nov. 20, 2015 -
New Kellogg products embrace healthy eating, on-the-go trends
From "wholesome" ingredients and bold flavors to grab-n-go cups, Kellogg is trying to revive its cereal and snack segment sales.
By Carolyn Heneghan • Nov. 20, 2015 -
Deep Dive
Why ConAgra's split intensifies industry pressure for profitability
With battle lines drawn, manufacturers like ConAgra Foods are maneuvering to keep on trend and make a profit.
By David Oliver • Nov. 19, 2015 -
Monsanto CEO: Plan for growth to focus on data science
The company intends to implement new crop-boosting technologies, including microbials, and expand into new markets.
By Carolyn Heneghan • Nov. 19, 2015 -
Smucker: Sales rise thanks to Big Heart acquisition, coffee segment
U.S. retail coffee sales for the company rose 10%, while Big Heart contributed $576.7 million in sales out of $2.08 billion total.
By Carolyn Heneghan • Nov. 19, 2015 -
Coca-Cola hopes sparkling water can revive performance
Its sparkling version of smartwater will debut at restaurants, hotels, and stores in New York City, Los Angeles, and Miami with expansion planned for next year.
By Carolyn Heneghan • Nov. 19, 2015 -
Keurig: Stock soars though revenue, net income decline
Can its new Kold machine turn sales around over the holidays?
By Carolyn Heneghan • Nov. 19, 2015 -
Heineken to discontinue Desperados tequila-flavored beer in US
The brand is popular globally, but the company wants to focus on its four core brands, a Heineken USA spokesperson told Ad Age.
By Carolyn Heneghan • Nov. 19, 2015 -
CFI summit showcases food company transparency research, index
Consumers hold food companies more accountable for transparency than any other food industry entity, such as farmers, grocery stores, and restaurants.
By Carolyn Heneghan • Nov. 18, 2015 -
SEC charges several in alleged Marley Coffee pump-and-dump scheme
The former CEO and several offshore entities were allegedly involved.
By Carolyn Heneghan • Nov. 18, 2015 -
ConAgra Foods plans split into 2 public companies
The split is expected to finalize next fall, with ConAgra Foods shareholders retaining shares in each company.
By David Oliver • Nov. 18, 2015 -
Smithfield CEO Pope to retire, replaced by COO
President and COO Kenneth M. Sullivan will take over as CEO at the year's end.
By Carolyn Heneghan • Nov. 17, 2015 -
WhiteWave shakes up management, creates COO position
Many of the changes are within the company's Americas Foods & Beverages business, which accounted for close to 70% of the company's sales as of Sept. 30.
By Carolyn Heneghan • Nov. 17, 2015