Corporate Operations: Page 45
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Permission granted by The Naked Market
Jilted by Constellation Brands, Aperitif maker Haus finds new life after acquisition
The Naked Market purchased the low-alcohol aperitifs maker for an undisclosed amount and is re-launching it online. The brand shut down last year after a $10 million funding round fell through.
By Christopher Doering • June 29, 2023 -
Retrieved from Institute of Food Technologists on June 21, 2023
Food waste solutions must not shy away from processing, IFT says
The group said technology needs to play a larger role if efforts to reduce the 1 billion tons of food lost each year are going to be successful.
By Chris Casey • June 28, 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 -
Courtesy of Danone
Danone digs in at discount channels as consumer tastes change
The retail channel is one of the fastest-growing segments of the dairy and plant-based giant’s business in the U.S., with sales forecast to top $100 million in 2023.
By Christopher Doering • June 28, 2023 -
Courtesy of Mondelēz International, Inc.
Oreo and Super Mario team up to defeat Bowser with limited-edition cookie
The Mondelēz brand and Nintendo franchise are releasing 16 limited-edition cookie embossments, with Bowser being the most rare.
By Sara Karlovitch • June 27, 2023 -
Courtesy of Jones Soda Co.
Inside Jones Soda’s expansion of its cannabis-infused line to new states
Despite the lack of nationwide regulation, the brand will debut in three more states, setting the stage for even greater expansion, according to its chief marketing officer.
By Chris Casey • June 26, 2023 -
Getty Images
California grants pork industry some Prop 12 relief
Industry advocates say the ruling allows for a smoother transition of the meat already in the supply chain from farms that do not comply with the state’s new animal housing requirements.
By Nathan Owens • June 26, 2023 -
Permission granted by TreeHouse Foods
‘A new TreeHouse:’ Private label giant builds for success by thinking small, CEO says
Steve Oakland said the snacks and beverages manufacturer has evolved into a more focused company that can better innovate and respond to the needs of retailers such as Walmart and Amazon.
By Christopher Doering • June 26, 2023 -
Permission granted by Partake Foods
Q&A8 questions with Partake founder & CEO Denise Woodard
The executive talks to Food Dive about how her daughter’s experience with food allergies led to the creation of the company and about her optimism that people, planet and profits are catching on with more brands.
By Judy McGuire • June 26, 2023 -
Matthew Stockman via Getty Images
JBS pulls ‘aspirational’ claims about its net zero emissions goal
The National Advertising Review Board ruled the wording was misleading because it made consumers believe the meat giant was guaranteed to have virtually no greenhouse gas impact by 2040.
By Megan Poinski • June 23, 2023 -
Getty Images
Opinion5 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 -
Getty Images
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 Chris Casey • June 22, 2023 -
Courtesy of Kraft Heinz
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 Megan Poinski • June 21, 2023 -
Courtesy of Impossible Foods
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 Megan Poinski • June 21, 2023 -
Courtesy of Motif FoodWorks
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 Megan Poinski • June 21, 2023 -
Spencer Platt via Getty Images
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 Sarah Zimmerman • June 20, 2023 -
Getty Images
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 Megan Poinski • June 16, 2023 -
Courtesy of Impossible Foods
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 Megan Poinski • June 16, 2023 -
Courtesy of Unilever
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 Megan Poinski • June 15, 2023 -
Getty Images
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 Chris Casey • June 14, 2023 -
Sean Gallup via Getty Images
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 -
Permission granted by Momofuku
Q&A8 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 -
Courtesy of Impossible Foods
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 -
Courtesy of AeroFarms
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 Chris Casey • June 12, 2023 -
Permission granted by Flagstone Foods
Q&AFrom 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 Christopher Doering • June 12, 2023 -
Courtesy of Meati Foods
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 Megan Poinski • June 12, 2023
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