Corporate Operations: Page 60
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Spencer Platt via Getty Images
Goya boycott after CEO’s praise of Trump resulted in higher sales: study
Net sales jumped 22% two weeks after a social media backlash triggered by Robert Unanue’s comments about the former president, analysis from Cornell researchers found.
By Samantha Oller • Aug. 30, 2022 -
Justin Sullivan via Getty Images
Carbon dioxide shortage threatens beer and food manufacturing
High demand for beverages and contamination at a natural source have tightened supplies of the gas, which may continue in coming months.
By Megan Poinski • Aug. 29, 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 Hain Celestial
Hain Celestial CEO: Demand for health and wellness products strong despite recent ‘softening’
Mark Schiller said his company tends to be “the opening price point” for natural and organic, giving consumers brands to turn to even if they decide to trade down.
By Christopher Doering • Aug. 29, 2022 -
Catherine Douglas Moran/Food Dive
4 ways retailers are boosting their private brands
As out-of-stocks and inflation have pushed shoppers toward store offerings, sources say grocers are focusing on a few key areas to keep the sales momentum going.
By Catherine Douglas Moran • Aug. 29, 2022 -
Courtesy of The Ish Food Company
Thai Union partners with plant-based Ish Food Company
Through its Chicken of the Sea Frozen Foods subsidiary, the seafood giant will work with the startup to increase manufacturing and distribution.
By Megan Poinski • Aug. 26, 2022 -
borzywoj via Getty Images
How Ayana Bio will use science and technology to make more nutritious ingredients
As he takes the helm of the Ginkgo Bioworks spinoff, CEO Frank Jaksch said the company’s plant cell culture technology, used to create bioactive compounds from ginseng, berries, cocoa and ginger, could be a nutritional game changer.
By Megan Poinski • Aug. 25, 2022 -
Permission granted by Frankford Candy
Frankford Candy finds its sweet spot in a category dominated by large CPGs
After focusing on seasonal offerings for decades, the company risked going out of business unless it changed its strategy as candy giants like Hershey muscled into its space.
By Christopher Doering • Aug. 25, 2022 -
Elena Perova via Getty Images
Smaller brands’ path to consumer loyalty lies through differentiation
Still, despite the need to compete against big brands, NielsenIQ found the pace of innovation is slowing among small and midsize offerings in the U.S.
By Samantha Oller • Aug. 25, 2022 -
Courtesy of Celsius
Q&AWhat PepsiCo’s $550M Celsius deal means for the energy drink brand
Celsius CEO John Fieldly detailed how the investment and distribution agreement could impact the energy drink’s growth potential.
By Chris Kelly • Aug. 25, 2022 -
Chris Casey/Food Dive
Kellogg names leadership team for upcoming cereal business
Gary Pilnick, a 22-year company veteran, will lead a group of seasoned executives at the CPG when he takes over as CEO.
By Chris Casey • Aug. 24, 2022 -
Courtesy of Ben & Jerry's
Ben & Jerry’s loses bid to stop sales in West Bank
A federal judge ruled the ice cream brand did not prove it would suffer irreparable harm after parent company Unilever sold its business in Israel to a licensee.
By Samantha Oller • Updated Aug. 25, 2022 -
Christopher Doering/Food Dive
Coca-Cola names new North America division president
Company veteran Jennifer Mann will take over the post in January from Alfredo Rivera. Currently, she is responsible for scaling acquisitions and brands, including Costa Coffee and Coke’s investment in Monster.
By Christopher Doering • Aug. 23, 2022 -
Permission granted by SunOpta
How SunOpta achieved record sales and growth amid inflation
There are two keys to the success of the plant-based beverage and organic fruit company, CEO Joe Ennen said: execution and a carefully curated portfolio.
By Megan Poinski • Aug. 23, 2022 -
Courtesy of Hormel Foods
Hormel workers at Corn Nuts plant go on strike
The strike by 40 employees at the California facility that makes the snack is the latest to hit the food industry amid labor shortages, high demand and supply chain disruption.
By Christopher Doering • Aug. 22, 2022 -
Permission granted by Tyson Foods
Tyson invests $200M in Texas beef plant expansion
The company aims to “modernize” the Amarillo facility by increasing the size of its operations floor and employee areas, and adding automation.
By Chris Casey • Aug. 19, 2022 -
Scott Olson via Getty Images
Oatly prioritizes US production as Europe’s interest in plant-based milk plateaus
The plant-based dairy producer is expanding its New Jersey facility to meet growth targets.
By Megan Ruggles • Aug. 19, 2022 -
Matthew Stockman via Getty Images
JBS taps new ethics and compliance officer
Michael Koenig, who oversaw compliance at the Brazilian meat giant’s Pilgrim’s Pride business, takes on the role as price-fixing lawsuits continue to roil the meat industry.
By Chris Casey • Aug. 18, 2022 -
Courtesy of New Culture Foods
ADM partners with New Culture to manufacture and develop animal-free cheese
The food industry giant participated in the California startup’s most recent funding round, and has a similar agreement with precision fermentation dairy ingredient maker Perfect Day.
By Megan Poinski • Aug. 18, 2022 -
paci77 via Getty Images
Texas COVID-19 egg price gouging lawsuit revived by appellate court
The case, which accuses Cal-Maine Foods of unlawfully increasing costs to retailers and consumers in spring 2020, now returns to a trial court.
By Megan Poinski • Aug. 17, 2022 -
Courtesy of NotCo
What does falling in love taste like? NotCo is using AI to figure it out.
The Chilean unicorn’s new patents supply more scent data to product design, helping bring innovations — and offerings from its joint venture with Kraft Heinz — to the market quickly.
By Megan Poinski • Aug. 17, 2022 -
Thai Phi Le/Food Dive
Former Blue Bell CEO’s listeria case ends in mistrial
Prosecutors did not comment on the case against Paul Kruse, who they say tried to cover up a 2015 outbreak in ice cream that sickened 10, killed three and resulted in all of the company’s products being recalled.
By Megan Poinski • Aug. 16, 2022 -
Courtesy of Future Farm
Future Farm launches at Amazon Fresh and Sprouts
The Brazilian plant-based meat company’s products are making their retail debut after being sold exclusively through e-commerce.
By Megan Poinski • Aug. 16, 2022 -
Permission granted by Sovos Brands
As inflation rages, Sovos Brands thrives with a premium portfolio
Despite the surge in demand for private label products, the company’s Michael Angelo’s frozen meals and Rao’s sauces are attracting consumers who want to indulge more at home, CEO Todd Lachman said.
By Christopher Doering • Aug. 16, 2022 -
Retrieved from Crisco on August 15, 2022
Crisco price increases struggle to cover higher soybean, canola oil costs
B&G Foods, maker of the shortening and oil brand, said some consumers have been switching to lower-priced private label options.
By Chris Casey • Aug. 15, 2022 -
Permission granted by Mars, Incorporated
Second lawsuit filed targeting Skittles ingredient
An Illinois consumer says the confectioner’s use of titanium dioxide makes the candy “unfit for human consumption.”
By Megan Poinski • Aug. 15, 2022
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