Corporate Operations: Page 295
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ConAgra appoints Serrao to new chief growth officer position
There aren't plans to announce a new CMO; Serrao will oversee a multi-departmental entity called the Growth Center of Excellence, which will include marketing.
By Carolyn Heneghan • Aug. 18, 2015 -
Cargill acquires Norwegian aquaculture company for $1.5B
The company is expanding its footprint in the aquaculture industry as it veers away from an underperformer — pork.
By Carolyn Heneghan • Aug. 17, 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 -
Amid flat sales, Diageo CEO gets a 48% pay cut
This may signal the need to refocus the company's efforts on premium spirits, which consumers are beginning to prefer.
By Carolyn Heneghan • Aug. 17, 2015 -
Tyson to shut down IA beef processing plant, cut 400 jobs
Blame the dwindling cattle herds in the U.S.
By Carolyn Heneghan • Aug. 17, 2015 -
Sysco stock hits 20-month high after major activist investment
There's been a lot at "stake" in the food business lately.
By Carolyn Heneghan • Aug. 17, 2015 -
JBS: Lower profits on pork prices decline
The company has been impacted by the fast return of the hog supply following a deadly virus that killed millions of baby pigs.
By Carolyn Heneghan • Aug. 14, 2015 -
Diageo sues Captain Amsterdam over Captain Morgan trademark
The company claims this is causing "irreparable injury" to the Captain Morgan brand. The characters look like twins.
By Carolyn Heneghan • Aug. 14, 2015 -
Former Dean Foods chairman Davis subject of insider trading investigation: reports
Thomas Davis is suspected of passing information about a Dean Foods 2012 spinoff to a gambler who allegedly gave information to golfer Phil Mickelson.
By Carolyn Heneghan • Aug. 14, 2015 -
Friday Flavors: Pumpkin spice (yes, already) and Wheaties beer
Plus: spreadable beer exists. Thanks for the tip, Bloomberg.
By David Oliver • Aug. 13, 2015 -
Coca-Cola appoints president and COO, James Quincey
Coca-Cola's c-suite is very different than last October — but will that translate to real improvement at an "important time?"
By David Oliver • Aug. 13, 2015 -
Nestle beats organic growth estimates, cites 'promising' revamps
It's a frozen food frenzy for Nestle: The company has zeroed in on the segment in North America and seen positive results.
By Carolyn Heneghan • Aug. 13, 2015 -
Syngenta to expand seed treatment research facility
Trend alert: The industry is amping up its R&D investments.
By Carolyn Heneghan • Aug. 13, 2015 -
Blue Bell trucks 'on the road again' with products
The company's next battle will be to convince retailers and consumers that the ice cream is safe.
By Carolyn Heneghan • Aug. 13, 2015 -
Bumble Bee Foods agrees to $6M settlement after employee's death
Three years ago, the employee was accidentally cooked in an oven used for sterilizing cans of tuna.
By Carolyn Heneghan • Aug. 13, 2015 -
Deep Dive
Bottoms up: A breakdown of the spirits industry in 2015
Whiskey, tequila, vodka, and premium brands are filling U.S. consumers' shot glasses and highballs — for now.
By Carolyn Heneghan • Aug. 12, 2015 -
Dr Pepper Snapple tackles sports drink market, invests in BodyArmor
Kobe Bryant, Mike Trout. Need we say more about the stars backing the company? OK. Andrew Luck.
By Carolyn Heneghan • Aug. 12, 2015 -
Kraft Heinz eliminating 2,500 jobs
About 700 of these cuts are coming at Kraft's headquarters — approximately 35% of those working there.
By David Oliver • Aug. 12, 2015 -
Mom bloggers: Friend or foe to the industry?
Happy mom bloggers could be instrumental in promoting products. Just ask Kraft about crossing a mom brigade.
By Carolyn Heneghan • Aug. 12, 2015 -
Health experts balk at obesity claims made by Coca-Cola-funded nonprofit
The nonprofit, Global Energy Balance Network, said its argument about obesity and exercise has been oversimplified.
By Carolyn Heneghan • Aug. 12, 2015 -
Snyder's-Lance sees growth, expands healthy products portfolio, distribution
To reach more of the health-conscious market, the company is creating e-commerce and C-store opportunities.
By Carolyn Heneghan • Aug. 12, 2015 -
Luvo banking on celebrity endorsements, investments
With sales of frozen foods down three years in a row, a celebrity push just might help.
By Carolyn Heneghan • Aug. 11, 2015 -
Kraft, Heinz earnings demonstrate individual companies' shortcomings
Failing Kraft and Heinz brands could lose money to brands that are performing well.
By Carolyn Heneghan • Aug. 11, 2015 -
ConAgra CEO Sean Connolly switching gears; CMO departs
Connolly is making sweeping changes, including executives, brands, and costs.
By Carolyn Heneghan • Aug. 11, 2015 -
Sysco profit plunges, cites failed US Foods merger costs
... apart from this, though, earnings saw an uptick. After a year and a half of preparing for a merger with US Foods, Sysco is searching for a new growth and acquisitions strategy.
By Carolyn Heneghan • Aug. 11, 2015 -
Post: MOM Brands increases sales, Michael Foods weathers bird flu
Though PowerBar saw a weaker quarter, several of its acquisitions from the past year and a half are turning in solid performances.
By Carolyn Heneghan • Aug. 11, 2015