Corporate Operations: Page

  • ranch chili crunch
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    Courtesy of Hidden Valley Ranch
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    Column

    Leftovers: Hidden Valley Ranch spices up meals with crunch sauce | Hershey brings seltzer sensation to Ice Breakers

    The dressing brand’s collaboration with This Little Goat lets consumers boost the flavor of their favorite foods, and Chex Mix aims to satisfy the late-night munchies with pizza and taco options.

    By Food Dive staff • Sept. 22, 2023
  • A stack of uncooked Impossible Burger patties separated by wax paper on a yellow background
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    Courtesy of Impossible Foods
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    Slumping demand forces 2 California plant-based startups to close

    Hooray Foods and Nowadays join a growing list of companies in the category that have gone out of business or scaled back their growth plans.

    By Elizabeth Flood • Sept. 21, 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
  • Dr Pepper soda bottles on shelf
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    Joe Raedle via Getty Images
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    Keurig Dr Pepper names ex-Mondelēz exec Tim Cofer as CEO

    He will join the beverage maker as its COO on Nov. 6 before transitioning to the top post in the second quarter of 2024, replacing long-time head Bob Gamgort.

    By • Sept. 20, 2023
  • Cans of spam are seen at a wholesale grocery store.
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    Kat Wade via Getty Images
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    Potential Hormel strike looms after Minnesota workers reject contract offer

    Union members at the Spam maker’s largest facility say the company’s record profits are not being "shared fairly" with its employees.

    By Nathan Owens • Sept. 20, 2023
  • the bettering company edibles cannabis
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    Courtesy of The Bettering Company
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    Why Bettering saw an opening for luxury edibles

    The company, which recently launched in Illinois, says its gummies contain minimal ingredients such as brewed tea and real fruits that prioritize a more consistent infusion of THC into the products.

    By • Sept. 20, 2023
  • Hershey, Reese's
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    Christopher Doering/Food Dive
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    Hershey expands executive ranks with first chief technology officer

    Deepak Bhatia, who previously worked at Amazon, brings expertise in automation, supply chain and artificial intelligence to the Reese’s manufacturer.

    By • Sept. 19, 2023
  • An assortment of Goodles products.
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    Courtesy of Goodles
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    Goodles refreshes leadership as it brings in $13M in Series A funding

    The food brand known for its “better-for-you” boxed mac and cheese named a new CFO, chief marketing officer and senior vice president of sales.

    By Howard Ruben • Sept. 19, 2023
  • chamberlain coffee
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    Courtesy of Chamberlain Coffee
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    How Chamberlain Coffee aims for broad appeal while catering to Gen Z

    The viral brand, launched online in 2020 by YouTube star Emma Chamberlain, has expanded into retail while touting attributes popular across generations, such as accessibility and sustainability.

    By • Sept. 18, 2023
  • Mondelez, dirt kitchen, torr
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    Permission granted by Mondelez International
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    Mondelēz quietly winds down brands it created in its SnackFutures VC arm

    The snacking giant said it no longer sells Dirt Kitchen and CaPao, with the venture capital division shifting its focus to investing in already established startups.

    By • Sept. 18, 2023
  • pop-tarts, Kellogg
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    Courtesy of Kellogg
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    Column

    Leftovers: Pop-Tarts flips for pancakes | Somos debuts ready-made burrito kits

    The Kellogg-owned brand is fulfilling breakfast cravings with its latest toaster treat flavor, and Kentucky Coffee is entering the RTD cocktail category with three flavors of whiskey-infused Hard Cold Brew.

    By Food Dive staff • Sept. 15, 2023
  • bacardi ilegal mezcal reposado
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    Courtesy of Bacardi
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    Bacardi buys Ilegal to capture premium mezcal market

    The liquor giant’s acquisition of the beverage brand comes amid growing interest in premium agave-based spirits.

    By • Sept. 14, 2023
  • Biosteel
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    Courtesy of BioSteel
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    Canopy Growth’s BioSteel sports drink files for bankruptcy as cannabis firm looks to save cash

    While the beverage has been growing rapidly and remains “an attractive asset,” Canopy’s CEO said it does not align with his business’ asset-light strategy. 

    By • Sept. 14, 2023
  • Hain Celestial
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    Permission granted by Hain Celestial
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    Hain Celestial to restructure business to boost growth, generate millions in savings

    The changes mark the first major shakeup to the organic and natural products maker since CPG veteran Wendy Davidson took the helm as CEO in January.

    By • Sept. 14, 2023
  • zoa molson coors energy drink
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    Courtesy of Molson Coors
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    Molson Coors boosts its investment in Zoa Energy

    The two companies partnered in 2021 following the launch of Dwayne “the Rock” Johnson’s co-founded energy drink brand.

    By • Sept. 12, 2023
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    Justin Sullivan via Getty Images
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    What Biden’s cannabis rescheduling review could mean for food and beverage

    Analysts said the administration’s recommended update will not spur greater availability of items, even as demand for the products continues to grow.

    By • Sept. 12, 2023
  • Kraft Heinz, Lunchables
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    Permission granted by Kraft Heinz
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    Kraft Heinz debuts a pouch that makes a microwaved grilled cheese crispy

    The technology, part of a broader push at the CPG giant to boost innovation, will first appear in Lunchables before making its way to three other brands.

    By • Sept. 12, 2023
  • Coca-cola, AI, soda
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    Courtesy of Coca-Cola
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    Coca-Cola launches beverage created with the help of artificial intelligence

    Coca-Cola Y3000 is the latest flavor to launch under the company’s Creations platform designed to highlight its signature soda while drawing in younger consumers.

    By • Sept. 12, 2023
  • Industrial organics recycling site located on a Vermont farm, with mountains and blue sky in the background
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    Courtesy of Vanguard Renewables
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    Danone joins corporate alliance to turn food waste into renewable energy

    The dairy giant and other industry leaders are partnering with Vanguard Renewables to mitigate climate impacts by using anaerobic digesters on dairy farms.

    By Nathan Owens • Sept. 11, 2023
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    Scott Olson via Getty Images
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    JM Smucker to buy Twinkies manufacturer Hostess Brands for $5.6B

    The purchase will deepen the jam and peanut butter maker’s presence in growing categories and consumer occasions focused on convenience. 

    By • Sept. 11, 2023
  • Josh Tetrick speaks into a microphone standing in front of a wall-sized image featuring pieces of Good Meat chicken.
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    Courtesy of Eat Just
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    Eat Just’s Good Meat division fails to pay $30M worth of invoices

    While it’s unknown why the cultivated meat company did not make the payments as ABEC claims, a source said the two sides are working to reach a settlement. 

    By Elizabeth Flood • Sept. 8, 2023
  • A wooden spoon of cocoa powder lies on a grey surface in front of a brown bowl containing the powder. Cocoa powder and chocolate chunks are scattered on the grey surface.
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    Getty Images
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    Ofi combines cocoa with Asian flavors using AI

    The company said the technology helped identify trends from Eastern cuisines — such as miso, yuzu and chili — that can be incorporated into confectionery applications.

    By • Sept. 7, 2023
  • Bodyarmor, coca-cola, sports drink
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    Retrieved from BodyArmor.
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    Coca-Cola to sell BodyArmor outside the US for the first time

    The sports drink’s CEO said the launch of the beverage in Canada in 2024 is “just the start of our expansion to new countries and consumers.” 

    By • Sept. 7, 2023
  • The Tindle buttermilk burger
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    Courtesy of Tindle Foods
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    Behind the Tindle Foods rebrand and new product launch

    Co-founder and CEO Andre Menezes says the brand “holds itself to a very high standard,” and is focused on launching products with clean ingredients.

    By Elizabeth Flood • Sept. 6, 2023
  • Sprecher, soda, root beer
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    Permission granted by Sprecher Brewing
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    From a regional soda to a national brand: How Sprecher is taking on Coca-Cola and PepsiCo

    The Wisconsin-based company has spent millions of dollars and taken on debt to add production, staff and warehouse capacity to bring its craft beverages into 49 states.

    By • Sept. 6, 2023
  • TreeHouse Foods logo on a white background
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    Courtesy of TreeHouse Foods
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    TreeHouse to sell snack bars business, plant to John B. Sanfilippo for $63M

    The divestiture will allow the private-label giant to focus on high-growth and high-margin categories while enabling John B. Sanfilippo to diversify its offerings.

    By • Sept. 6, 2023