Corporate Operations: Page 57
-
Christopher Furlong via Getty Images
Constellation transitions to passive role at Canopy Growth
As part of a deal, the alcohol giant would keep its existing 35.7% stake, but no longer be allowed to nominate representatives to the board or approve certain transactions.
By Christopher Doering • Oct. 25, 2022 -
Retrieved from Tyson.
Tyson will pay $10.5M to settle Washington poultry price-fixing suit
The state-level lawsuit includes 16 other chicken producers, which the attorney general says drove up consumer prices since at least 2008.
By Chris Casey • Oct. 25, 2022 -
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 -
Permission granted by Kodiak Cakes
Q&AHow one private equity firm is adapting its strategy in today’s volatile environment
While Peter Burns, managing partner at Sunrise Strategic Partners, said there is plenty of money still looking for a home in food, investors are more cautious and prioritizing profitable, established brands.
By Christopher Doering • Oct. 24, 2022 -
Courtesy of General Mills
General Mills’ Old El Paso enters snack category with chips
The brand, best known for taco shells, tortillas and seasoning mixes, is debuting three sweet and savory Tex-Mex-inspired flavors at Walmart.
By Christopher Doering • Oct. 21, 2022 -
Baltimore County Government. (2018). [Photograph]. Retrieved from Flickr.
McCormick plans to eliminate $100M in costs and inefficiencies
The spice maker aims to reduce its reliance on co-packers and trim excess transportation expenses as part of its approach.
By Alejandra Carranza • Oct. 20, 2022 -
Courtesy of King Arthur
Why King Arthur sees regenerative agriculture as a collective CPG effort
The flour brand, which aims to have 100% of its products milled from regeneratively grown wheat by 2030, said it is part of a network of companies aiming to improve the sustainability of the ingredient.
By Chris Casey • Oct. 20, 2022 -
Permission granted by Heineken
For Dos Equis, the pandemic was a ‘wake-up call’ for the 125-year-old brand
After years of falling sales, the Heineken-owned beverage maker best known for beer has accelerated innovation and moved into other alcoholic offerings to keep the brand relevant.
By Christopher Doering • Oct. 20, 2022 -
Courtesy of Beyond Meat
Beyond Meat settles legal battles with Don Lee Farms
The settlement of two bitterly fought cases between the publicly traded company and its former co-manufacturer is confidential, but both sides say they are “satisfied with the outcome.”
By Megan Poinski • Oct. 19, 2022 -
Courtesy of Keurig Dr Pepper
Keurig Dr Pepper appoints new supply chain chief in ‘strategic realignment’
Roger Johnson most recently served as the beverage giant’s chief product officer. He succeeds Tony Milikin, who took on the role in September 2021.
By Max Garland • Oct. 18, 2022 -
Courtesy of Ben & Jerry's
Unilever partners with ASAP for ice cream delivery
The app will work with its restaurant partners to add the company’s frozen treats to menus, but users can also order from the CPG giant’s virtual Ice Cream Shop.
By Megan Poinski • Oct. 18, 2022 -
Permission granted by Conagra Brands
Product quality issues hamper Conagra in Q1
The CPG was forced to pause manufacturing on multiple lines when certain goods did not meet specifications.
By Megan Ruggles • Oct. 17, 2022 -
Michael M. Santiago/Getty Images via Getty Images
DoorDash expands self-service ad tools for CPG brands
PepsiCo and Clorox are embracing the platform’s ad push to support goals like building out their in-house ad platforms and acquiring new customers.
By Sara Karlovitch • Oct. 17, 2022 -
SDI Productions via Getty Images
Big CPGs have not been making food and drink healthier, study finds
The Access to Nutrition Initiative found the 11 largest U.S. manufacturers increased their commitments to affordable, more nutritious products, but have largely not translated those promises into action.
By Megan Poinski • Updated Oct. 17, 2022 -
Courtesy of Beyond Meat
Beyond Meat lays off 200 employees and slashes its revenue outlook
The plant-based meat company, which is eliminating about a fifth of its workforce after cutting staff in August, said the latest job reductions can drive more sustainable growth.
By Megan Poinski • Oct. 14, 2022 -
Courtesy of Laird Superfood
Laird Superfood to close Oregon plant as it shifts to co-packing
The closure of the facility, used to make powdered creamers and hydration products, will result in the loss of 46 jobs this year, the company said.
By Christopher Doering • Oct. 14, 2022 -
Courtesy of Beyond Meat
Beyond Meat’s corporate shakeup sees 3 exec departures, including suspended COO
Doug Ramsey, who was arrested on assault charges last month, officially lost his job, and the CPG eliminated the position of chief global growth officer. Its CFO also announced his departure.
By Megan Poinski • Oct. 14, 2022 -
Christopher Doering/Food Dive
Bang Energy names ex-PepsiCo exec as its COO
Just a day after filing for bankruptcy, the beverage brand named CPG veteran Kathy Cole to oversee operations.
By Christopher Doering • Oct. 13, 2022 -
Courtesy of Utz Brands
Utz brings chip brand Zapp’s into seasoned pretzels
With the new launch, the snack maker is tapping into a product known for unique flavors like Cajun Dill Gator-Tators, while leaning into growing demand for premium items.
By Christopher Doering • Oct. 13, 2022 -
Chris Casey/Food Dive
U.S. Supreme Court weighs impact of California animal welfare law on industry, retail prices
The justices asked lawyers representing the pork industry and the state about the impact Proposition 12 will have on small producers and interstate commerce.
By Chris Casey • Oct. 12, 2022 -
Courtesy of Soli Organic
Soli Organic raises $125M to further expansion plans
The indoor agriculture company will use these funds — as well as the $170 million in financing it’s received in the last year — to build new farms to grow herbs and other organic crops in soil.
By Megan Poinski • Oct. 12, 2022 -
Thai Phi Le/Food Dive
Bang Energy’s parent company files for bankruptcy
After court battles with PepsiCo and Monster, Vital Pharmaceuticals owes more than $400 million to the two beverage companies. It said its partnership with the soda giant caused its market share to decline.
By Christopher Doering • Oct. 11, 2022 -
Bill Chizek via Getty Images
How the Supreme Court animal welfare case could reshape the pork sector
The Court heard oral arguments Tuesday on a challenge to California’s Prop 12, which defines how much space breeding pigs, veal calves and egg-laying hens should have in captivity.
By Chris Casey • Oct. 10, 2022 -
Permission granted by Canopy Growth
Constellation Brands takes $1.1B writedown in its cannabis investment
CEO Bill Newlands said his company, which invested $4 billion in Canopy Growth, viewed the impairment as “disappointing” but remained optimistic about the future of legalized marijuana in the U.S.
By Chris Casey • Oct. 7, 2022 -
Courtesy of Impossible Foods
Impossible Foods lays off 6% of employees
The cuts are part of a company reorganization to target future growth, according to a memo from CEO Peter McGuinness seen by Food Dive.
By Megan Poinski • Oct. 6, 2022 -
Courtesy of BlueNalu
BlueNalu predicts 75% profit margin for its cultivated seafood
The California company said breakthrough technologies will make its production of bluefin tuna toro from cells more efficient and profitable once it opens a commercial-scale facility.
By Megan Poinski • Oct. 6, 2022
Previous
