Corporate Operations: Page 43

  • vegetables, better-for-you eating, healthy
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    Justin Sullivan via Getty Images
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    Opinion

    5 emerging technologies set to transform the global food system

    Fresh solutions are needed to tackle the impact of climate change, food waste and to feed a growing population with fewer resources, according to Rick Hamilton, senior consultant at 4C Associates.

    By Rick Hamilton • June 23, 2023
  • fourth of july 4th cookout
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    vgajic via Getty Images
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    Fourth of July cookouts still more expensive this year despite inflation cooling: Wells Fargo

    The banking giant recommends grilling hamburgers and chicken breasts, both of which have seen prices fall slightly in the last 12 months.

    By • June 22, 2023
  • Mergers and acquisitions Explore the Trendline➔
    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
  • A hand squeezes a small tube of Kraft Mayo Buffalo Style Dressing on a plate of fries. The full sized bottle is to the right of the plate. The background is blue.
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    Courtesy of Kraft Heinz
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    Kraft Mayo turns up the heat with Buffalo Style Dressing

    The spreadable condiment is the latest of the CPG giant’s products to get a trendy injection of spices this year.

    By • June 21, 2023
  • Impossible Burgers and fries
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    Courtesy of Impossible Foods
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    What keeps Impossible Foods’ CEO up at night?

    Peter McGuinness, who has helmed the meat alternative maker since last April, says there is nothing but opportunity for the plant-based category — but companies need to take advantage of it.

    By • June 21, 2023
  • Motif FoodWorks' finished product lineup: MoPork, MoChicken, MoBeef
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    Courtesy of Motif FoodWorks
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    Impossible Foods’ heme patent will be reviewed in dispute with Motif FoodWorks

    The Patent Trial and Appeal Board found the biotech ingredients company has a “reasonable likelihood of prevailing” on one of its claims, but will let three of the plant-based meat company’s other patents stand.

    By • June 21, 2023
  • Raw steaks are seen from the perspective of inside a deli case.
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    Spencer Platt via Getty Images
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    Depleted cattle herds push beef prices to near record levels

    Prices could rise even further heading into grilling season as meatpackers grapple with higher costs and compete for a dwindling supply of cattle. 

    By • June 20, 2023
  • A wooden spoon full of mealworms sits on a wood table with other containers of mealworms and greens in the periphery.
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    ollo via Getty Images
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    The age of disruptive products is over, Rabobank report says

    Companies are focusing on more incremental innovation as investment capital tightens up and consumer appetite for new things has been lacking.

    By • June 16, 2023
  • A taco made with Impossible Foods' ground plant-based meat.
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    Courtesy of Impossible Foods
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    Impossible Foods hires industry veterans to head science and supply chain

    Sunil Chandran, formerly head of science and R&D at Amyris, will lead the plant-based company’s scientists. Rob Haas, who spent decades at AB InBev, will be in charge of sourcing, manufacturing and logistics.

    By • June 16, 2023
  • Several boxes of Yasso frozen treats on an orange background.
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    Courtesy of Unilever
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    Unilever bulks up premium ice cream with Yasso purchase

    The purchase, for an undisclosed amount, brings the fast-growing better-for-you brand under the consumer goods giant’s umbrella.

    By • June 15, 2023
  • Cows, cattle, eating feed
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    dusanpetkovic via Getty Images
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    USDA aims to boost accuracy of antibiotic-free, ‘humane’ meat labeling

    The initiative — which follows stakeholder petitions for more oversight — is an effort to strengthen standards to validate claims such as “grass-fed" and “free-range,” among others.

    By • June 14, 2023
  • Variety of butchered meat in a display counter
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    Sean Gallup via Getty Images
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    Pork prices weaken on excess supply, fueling concerns amid Prop 12 uncertainty

    Meatpackers like Hormel and Tyson have reported sales declines, citing inflation and soft demand.

    By Nathan Owens • June 13, 2023
  • Marguerite Zabar Mariscal
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    Permission granted by Momofuku
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    Q&A

    8 questions with Momofuku CEO Marguerite Zabar Mariscal

    The executive talks to Food Dive about her rise from intern to CEO of the popular restaurant group and, more recently, the company’s expanding CPG business.

    By Judy McGuire • June 13, 2023
  • Two people, one dressed as a caveman and the other manning a grill, enjoy Impossible Burgers.
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    Courtesy of Impossible Foods
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    Impossible Foods taps Terry Crews’ agency Super Serious for national campaigns

    The promotions see the plant-based brand using humor to adopt a more inclusive and approachable tone.

    By Sara Karlovitch • June 12, 2023
  • AeroFarms vertical farming
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    Courtesy of AeroFarms
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    AeroFarms files for Chapter 11 bankruptcy protection

    The news comes as the indoor agriculture sector has seen a loss of funding in recent years, following sky-high initial costs of production and weakened venture capital interest across the food industry.

    By • June 12, 2023
  • Emerald Nuts
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    Permission granted by Flagstone Foods
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    Q&A

    From private label to branded offerings: How Flagstone is branching out with Emerald nuts acquisition

    In this Q&A, CEO Harry Overly talks about the company’s first foray out of store-brand offerings, its plans for the snacking line and the outlook for future deals.

    By • June 12, 2023
  • A person slices a Meati Crispy Cutlet on a white cutting board that sits on a coral-colored counter.
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    Courtesy of Meati Foods
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    Derek Jeter invests in Meati Foods

    The Baseball Hall of Famer will also serve as an adviser to the mycelium meat alternative maker, which is working to expand its steak and chicken analogs to stores nationwide. 

    By • June 12, 2023
  • A stack of plain bagels thickly spread with cream cheese, with a container of Oatly Cream Cheese in the pile, sits on a paper doily on a silver platter on a diner counter.
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    Courtesy of Oatly
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    Column

    Leftovers: Oatly spreads into cream cheese; Kellogg harvests better-for-you Pringles

    The Swedish oat milk maker’s new items come in Plain and Chive & Onion flavors, and Sam Adams provides beer drinkers with excuses to say no to their responsibilities.

    By Food Dive staff • June 9, 2023
  • Bottles of Jones Soda.
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    Courtesy of Jones Soda
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    Jones Soda names former PepsiCo executive as new CEO

    David Knight will take over at the company known for flavors such as Blue Bubblegum and Turkey-and-Gravy on June 23. He replaces Mark Murray, who is retiring.

    By • June 9, 2023
  • Lifeway Foods
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    Retrieved from Lifeway Foods.
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    Lifeway Foods shareholder blasts CEO and board, calls for sale of the kefir maker

    Kanen Wealth Management, which owns 4.1% of the company, claims the board and chief executive are “mis-managing the business” and not looking out for shareholders.

    By • June 8, 2023
  • IFF logo
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    Courtesy of International Flavors & Fragrances
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    IFF taps Kellogg exec to lead food ingredients division

    Yuvraj Arora will oversee Nourish, which is the largest business segment of the New York-based company.

    By • June 8, 2023
  • Haagen Daas yogurt, general mills
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    Courtesy of General Mills
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    General Mills is bringing Häagen-Dazs to the yogurt aisle

    The product, available in six flavors, is made with fresh milk and cream as well as real fruit and ingredients, such as bourbon vanilla beans sourced from Madagascar and handpicked strawberries.

    By • June 6, 2023
  • Overhead view of three strips of fried MyBacon in a cast iron skillet on a wooden surface. Moss, branches and mushrooms are arranged around the pan, and the package is in the top right corner.
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    Courtesy of MyForest Foods
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    MyForest Foods gets $15M investment and new CEO to continue growth

    The funds, which came from parent company Ecovative Design, will be used to drive the further expansion of mycelium bacon and other products.

    By • June 6, 2023
  • Vertical rows of four kinds of Prime Roots' deli meat slices.
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    Courtesy of Prime Roots
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    Quorn partners with Prime Roots to help its expansion

    The U.K. company that pioneered mycelium for food also invested an undisclosed amount in the deli meat alternative maker.

    By • June 5, 2023
  • hormel skippy spam
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    Justin Sullivan via Getty Images
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    Hormel Foods plans further price increases as costs remain elevated

    The owner of Jennie-O, Spam and Planters said while additional pricing decisions will help it manage expenses, it’s keeping a close watch on how they impact consumer buying habits.

    By • June 2, 2023
  • Perfect Bars, Mondelez
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    Retrieved from Perfect Bars.
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    Column

    Leftovers: Mondelēz layers more flavors onto Perfect Bar | Splenda splashes into drink mixes

    The snack brand is debuting Crispy Peanut Butter offerings in chocolate and berry varieties, and Alouette brings its signature brie to the barbecue with a product designed for grilling.

    By Food Dive staff • June 2, 2023