Corporate Operations: Page 41
-
Eat Meati expands footprint with Whole Foods launch
The mushroom root-based meat alternative continues to scale its fully vertically integrated manufacturing capabilities to support its rapid growth in both retail and food service locations.
By Elizabeth Flood • July 27, 2023 -
How Coca-Cola cooked up meals with ‘The Bear,’ Gigi Hadid and more
“A Recipe for Magic” was cited as an example of how Coke linked its brand to consumption occasions en route to 11% organic revenue growth in Q2.
By Chris Kelly • July 26, 2023 -
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 -
Kellogg files separation form with SEC
The snacking giant took the next step toward splitting into two businesses, one focusing on cereal and the other on snacking.
By Chris Casey • July 26, 2023 -
Indoor farming company AppHarvest files for bankruptcy
The startup, backed by Martha Stewart and now-U.S. Sen. J.D. Vance, couldn't overcome high operational costs and lower than expected crop yields.
By Sarah Zimmerman • July 26, 2023 -
Former Mondelēz exec launches $80M agtech startup fund
Gil Horsky, who led the CPG's venture capital arm, is helping start Flora Ventures, a new fund to invest in food sustainability.
By Nathan Owens • July 25, 2023 -
How craft beer saturation led to Anchor Brewing’s demise
The oldest brewery in the U.S. fell victim to a crowded market and high costs as it tried to remain relevant to younger consumers, a Marcum executive told Food Dive.
By Chris Casey • July 25, 2023 -
Pop-Tarts brings back ‘Crazy Good’ characters with a modern twist
Tapping into nostalgia for the 2000s continues to be a major marketing trend as the Kellogg brand resurrects its animated toaster pastries.
By Peter Adams • Updated July 20, 2023 -
Column
Leftovers: Claussen puts pickle flavor in a spritz; Nestlé takes Tombstone pizza back to its roots
What started as an April Fools’ Day joke has come to fruition for the pickle company, and Applegate expands its lineup with frozen egg bites.
By Food Dive staff • July 21, 2023 -
General Mills doubles vitamin D in cereals following FDA ruling
The move to include more of the nutrient in products like Cheerios and Cinnamon Toast Crunch comes after Kellogg petitioned the government department to increase the amount allowed in consumer products.
By Chris Casey • July 20, 2023 -
Retrieved from La Colombe.
Keurig Dr Pepper pays $300M for 33% stake in La Colombe, strikes licensing deal
The beverage giant has been deepening its ties to fast-growing companies with a presence in premium and trendy offerings, having previously invested in Athletic Brewing and C4 Energy drink maker Nutrabolt.
By Christopher Doering • July 20, 2023 -
USDA teams with states to crack down on anti-competitiveness in food
The department will work with more than 30 attorneys general to address practices viewed as unfriendly to consumers, even as economists remain mixed on consolidation’s effect on inflation.
By Sarah Zimmerman • July 19, 2023 -
Jim Beam owner names former Kraft, P&G executive as CEO
Greg Hughes, who has been at Beam Suntory since 2015 and most recently was responsible for growing the company’s brands and portfolio, will take over the top spot from Albert Baladi on Oct. 1.
By Christopher Doering • July 19, 2023 -
How AI is driving supply chain advancements for food manufacturers
CPG companies can use the technology to see which investments are most effective — particularly with product development and sustainability.
By Chris Casey • July 19, 2023 -
Cargill aims to help beef producers curtail emissions
The meat giant said its new framework helps producers quantify, audit and verify methane emitted by cows, which could drive down production of the greenhouse gas.
By Chris Casey • July 18, 2023 -
Russia seizes Danone assets, upending dairy giant’s exit from the country
Brewing company Carlsberg also lost control of its subsidiary as Russia makes it harder for Western companies to offload operations.
By Sarah Zimmerman • July 18, 2023 -
Kraft Heinz to spend more than $400M to build Illinois distribution center, hire 150-plus workers
The 775,000-square-foot facility will allow the CPG giant to reduce its environmental footprint, boost supply chain efficiencies and ship its products to retail and food service customers faster.
By Christopher Doering • July 18, 2023 -
Q&A
8 questions with Upside Foods founder & CEO Uma Valeti
The head of the cultivated meat company talks about what inspired him to walk away from his profession as a cardiologist to create the groundbreaking business.
By Judy McGuire • July 17, 2023 -
DOJ fails to block US Sugar’s $315M purchase of Imperial Sugar
An appeals court in Philadelphia said the government failed to prove the purchase, first announced in 2021, would raise prices for U.S. consumers and businesses.
By Chris Casey • July 17, 2023 -
Nestlé to expand regenerative agriculture for wheat in DiGiorno Pizza
The investment will bring climate-smart practices to more than 100,000 acres of farmland as the food and beverage giant aims to increase sustainable sourcing of key ingredients.
By Sarah Zimmerman • July 17, 2023 -
Column
Leftovers: Hostess combines Ding Dongs and Twinkies | Harpoon debuts THC-based beverage
The snack maker is fusing two of its most popular items, and Carbone is spicing up its pasta sauce line with an offering based on a popular dish from its New York City restaurant.
By Food Dive staff • July 14, 2023 -
JBS plans to list shares in U.S.
The meat giant announced it will pursue a dual listing strategy on the New York Stock Exchange and the São Paulo Stock Exchange, which it believes will attract a wider array of investors.
By Chris Casey • July 13, 2023 -
Grocery inflation drops below 5%
Food-at-home prices increased in June at a 4.7% annual clip, down from 5.8% in May, the U.S. Bureau of Labor Statistics reported Wednesday. Overall inflation declined to 3%.
By Sam Silverstein • July 12, 2023 -
Meati’s wide scale retail launch is here with Dots distribution deal
The mushroom root meat being added to Dot Foods’ catalog is not just a big win for the mycelium maker, it’s also a sign that alternative proteins are moving into their next phase of ubiquity.
By Rose Palazzolo • July 12, 2023 -
General Mills leans into weight loss foods with protein and ‘good calories’
The CPG giant’s chief innovation technology officer told Food Dive products such as Cheerios Oat Crunch and Progresso soups help consumers reach their nutritional goals while also satisfying their comfort food needs.
By Chris Casey • July 11, 2023 -
Campbell’s brings its namesake condensed soups into the gluten-free space
The Cream of Mushroom and Cream of Chicken offerings mark the first time the CPG giant has entered the fast-growing category with its Campbell’s-branded soup portfolio.
By Christopher Doering • July 11, 2023