Corporate Operations: Page 50

  • Several pint glasses of Guinness sit on a wooden bar.
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    Jeff Mauro via Getty Images
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    Diageo names its first woman CEO

    After 10 years at the helm of the Britain-based global alcohol giant, Ivan Menezes will retire in June. His successor is COO Debra Crew.

    By • March 28, 2023
  • A white bowl with a salad that has three WunderEgg halves sits on a yellow surface. A pink-labeled package of WunderEggs is at right, and wooden salad tongs and salt and pepper shakers are at left
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    Courtesy of Crafty Counter
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    WunderEgg cracks the plant-based hard boiled egg

    The new offering from Crafty Counter has drawn incredulous responses on social media as it starts hitting store shelves.

    By • March 27, 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
  • Boxes of Halo Top's Triple Berry and Strawberry Frozen Yogurt Pops on coordinating purple and pink backgrounds, surrounded by strawberries and pieces of granola.
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    Courtesy of Halo Top
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    Column

    Leftovers: Halo Top pops into froyo treats; Takis takes out the spice with nacho cheese snacks

    The better-for-you dessert maker is taking a bite out of another new category, and Unique Snacks combines puffs and pretzels.

    By Food Dive staff • March 24, 2023
  • A clear soy sauce bottle with brown sauce on a table surrounded by food and plates
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    Permission granted by Momofuku Goods
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    Momofuku Goods raises $17.5M

    The pantry essentials brand was spun off from Momofuku in 2020 and will use the funding to grow its product offerings in an increasingly competitive field.

    By Dani James • March 23, 2023
  • Nestle, hot chocolate
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    Christopher Doering/Food Dive
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    Nestlé says less than 40% of its sales come from food and beverage offerings considered healthy

    The CPG giant, which has vowed to be more transparent about the nutritional value of its entire global portfolio, said it is the first company to disclose such information.

    By • March 23, 2023
  • regenerative agriculture pepsico
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    Courtesy of PepsiCo
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    PepsiCo pledges to invest $216M into regenerative agriculture

    The soda and snacks giant is partnering with farm groups on new projects that aim to cut three million metric tons of emissions by 2030.

    By • March 22, 2023
  • Hershey, Pirate's Booty
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    Retrieved from Hershey.
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    Best known for its iconic confections, Hershey hits its stride in salty snacks

    Kristen Riggs, who oversees brands such as SkinnyPop popcorn and Dot’s pretzels, said the 129-year-old company is building scale and grabbing market share as it evolves into a major player in both sweet and salty foods.

    By • March 22, 2023
  • Pieces of roasted and cooked cultivated chicken on a wooden cutting board
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    Courtesy of Eat Just
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    Race for regulation of cell-based meat

    Eat Just gets FDA clearance for cultivated meat in US

    Good Meat chicken, which has been approved for sale in Singapore since 2020, is the second cell-based meat item to get the first green light from the federal government.

    By • Updated March 22, 2023
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    Scott Olson via Getty Images
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    Tyson invests $70M to build new Arkansas hatchery

    The 131,000-square-foot facility will triple capacity and improve operational efficiency, the company said. The announcement comes less than a week after it said it would close two other plants.

    By • March 21, 2023
  • Future Farm launched its plant-based Future Burger in the U.S. in July 2021.
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    Courtesy of Future Farm
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    Why Future Farm is getting into plant-based milk and honey

    The Brazilian company known for its meat analogs is expanding its platform, making plans to provide varieties of many food items found on the farm.

    By • March 20, 2023
  • Hand reaching out to "Special" pricing tag in a grocery store.
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    Getty Images
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    Opinion

    Three ways global food brands can stay competitive

    As the cost of living rises across the world, companies must embrace artificial intelligence and other digital technologies to maintain a low-cost base, write Stuart Gilby and Duncan Macfarlane of PA Consulting.

    By Stuart Gilby and Duncan Macfarlane • March 20, 2023
  • Miyoko Schinner
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    Permission granted by Miyoko Schinner
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    Miyoko’s Creamery founder accuses the company of gender discrimination and misusing her name

    Miyoko Schinner claims in a lawsuit her removal as CEO of the business she started was retaliation for complaining to investors and HR that she was unfairly treated because she is a woman.

    By • March 20, 2023
  • Molson Coors, popsicle
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    Courtesy of Molson Coors
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    Column

    Leftovers: March Madness-inspired ice and fire — Coors popsicles and Hormel basketball court-smoked bacon

    The brewer’s frozen treats will be sold online and in select bars as the Big Dance heats up, and B&G provides a way to add the taste of Girl Scout Thin Mints to everything. 

    By Food Dive staff • March 17, 2023
  • Knwble Grwn ADM ingredients flax
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    Courtesy of ADM
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    ADM expands regenerative reach with new consumer ingredient brand

    Knwble Grwn, which features flax, hemp oil and seeds, focuses on sustainable practices and highlighting underrepresented farmers, the company's commercial manager told Food Dive.

    By • March 16, 2023
  • Image of assorted doughnuts in an open Krispy Kreme box.
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    Scott Olson via Getty Images
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    Krispy Kreme exiting CPG snack business, cutting 102 jobs

    The sweets maker said the segment underperformed on the market. Instead, the company is focusing on delivering fresh-baked doughnuts to stores.

    By • March 16, 2023
  • Kellogg kellanova WK logo
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    Courtesy of Kellogg
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    Kellogg’s new company names — Kellanova and WK Kellogg Co — signal ‘disruptive’ fresh start, CEO says

    The monikers bring its recognizable brand into two distinct businesses for snacking and cereal, Steve Cahillane told Food Dive.

    By • March 15, 2023
  • A close up view of a rendering of Believer Meats' commercial facility. The entry portion is navy blue with many windows and Believer's logo. Lower beige wings with navy blue roofs are on the sides.
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    Courtesy of Believer Meats
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    Believer Meats promotes its COO to the CEO slot

    Gustavo Burger joined the cultivated meat maker last year, playing a key role in building an operations team with CPG experience as the company builds a facility in North Carolina and prepares to launch. 

    By • March 15, 2023
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    Alex Wong via Getty Images
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    Bank collapses unlikely to affect large food companies, but smaller upstarts at risk, analyst says

    A Mizuho research note said short-term disruption, tighter lending standards and a stronger emphasis on free cash/profitability could prevent some businesses from gaining financing or entering the industry. 

    By • March 15, 2023
  • Inside a grocery store, a grocery shopper browses the meat selection where a "low price" sign hangs.
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    Brandon Bell via Getty Images
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    Food inflation cools again in February, driven by decrease in egg prices

    Grocery prices rose last month at a 10.2% annual rate, down from 11.3% in January, the federal government reported Tuesday.

    By Catherine Douglas Moran • March 14, 2023
  • Two sandwich halves are stacked high with deli slices that look like turkey made from The Better Meat Co.'s Rhiza protein, with a company logo flag on a toothpick stuck in one.
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    Courtesy of The Better Meat Co.
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    How The Better Meat Co. scrambled to meet payroll after the SVB collapse

    CEO and co-founder Paul Shapiro said a fast and unexpected loss of access to capital was one scenario the company wasn’t prepared to handle.  

    By • March 14, 2023
  • tyson foods truck
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    "Tysons Food Donation 2012" by Central Texas Food Bank is licensed under CC BY-ND 1.0
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    Tyson to close two plants, laying off nearly 1,700 workers

    The company said closing two of its processing facilities will help it optimize its chicken supply chain. It offered assistance to employees impacted by the decision.

    By • Updated March 14, 2023
  • Nobell Foods makes cheese with plant-based casein from bioengineered soy.
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    Permission granted by Nobell Foods
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    Nobell Foods poaches Impossible executive to head food science and product development

    Sergey Solomatin spent more than a decade at the plant-based meat giant where he helped to develop, scale and commercialize its technology.

    By • March 14, 2023
  • bird flu avian influenza migration
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    David McNew via Getty Images
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    Experts worry migration season could further spread of bird flu

    As meat and egg producers deal with ongoing supply issues, traveling waterfowl and raptor flocks potentially carrying the virus could complicate the situation.

    By • March 14, 2023
  • Darko Mandich and Aaron Schaller stand at a colorful booth for the Mellody brand with a branded backdrop and a table in front of them with sample spoons of honey.
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    Permission granted by MeliBio
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    Food startups describe a ‘roller coaster of emotions’ as Silicon Valley Bank collapsed

    Many companies with accounts at the bank were showing off their products at Natural Products Expo West as news went out, sending many founders into a frenzy.

    By • March 14, 2023
  • Hidden Valley Van Leeuwen ranch ice cream
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    Courtesy of Van Leeuwen
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    Column

    Leftovers: Van Leeuwen scoops into Hidden Valley Ranch ice cream; Snoop Dogg brews a premium coffee brand

    The premium dessert maker taps the condiments aisle for its latest savory combination, and Kellogg brings two of its most popular brands together with Apple Jacks Pop-Tarts.

    By Food Dive staff • March 10, 2023