Corporate Operations: Page 60

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    Permission granted by Canopy Growth
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    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 • Oct. 7, 2022
  • Impossible Burgers and fries
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    Courtesy of Impossible Foods
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    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 • Oct. 6, 2022
  • 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
  • An overhead view of a rendering of BlueNalu's planned commercial-scale cell-based seafood facility and parking area.
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    Courtesy of BlueNalu
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    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 • Oct. 6, 2022
  • Tyson Foods
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    Permission granted by Tyson Foods
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    Tyson to close offices in South Dakota, Chicago and relocate 1,000 workers

    The meat and poultry giant said the positions would be transferred to its headquarters in Arkansas, and no layoffs would take place.

    By • Oct. 6, 2022
  • Meatpacking chicken poultry
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    Paula Bronstein via Getty Images
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    Tyson employees’ COVID lawsuit reinstated

    A federal appeals court resuscitated the case after being dismissed by a district court in June 2021. It claims the meat company acted with gross negligence, ending in wrongful death.

    By • Oct. 5, 2022
  • Hostess Brands, Donettes, Twinkies, Bouncers
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    Courtesy of Hostess Brands
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    Hostess Brands ‘betting big’ on smaller versions of classic treats to catch snacking competitors

    Bouncers, tiny versions of Twinkies, Ding Dongs and Donettes, are the latest entry into the snacking space that has seen cookies, crackers and candy launch convenient bite-size portions.

    By • Oct. 5, 2022
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    Opinion

    Why the food industry is the cause and the cure of unhealthy diets

    The only way President Biden's lofty goals to end hunger and reduce diet-related diseases can be achieved is for the public and private sectors to work together, writes Greg Garrett of the Access to Nutrition Initiative.

    By Greg S. Garrett • Oct. 5, 2022
  • Utz chips and pretzels
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    Megan Poinski/Food Dive
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    Utz names Post Holdings executive as new CEO

    Howard Friedman, currently COO of Post Holdings, will take the helm of the snack maker on Dec. 15, and Dylan Lissette will become executive chairman of the board. 

    By • Oct. 4, 2022
  • Three USDA inspectors in hard hats and long white jackets pass through an aisle of hanging animal carcasses.
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    Preston Keres. (2018). "20181128-AMS-PJK-3666_TONED" [photograph]. Retrieved from USDA.
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    Plant employees can perform meat inspections, court rules

    The new measure does not interfere with the federal government’s responsibility to ensure food is safe, according to the opinion.

    By • Oct. 3, 2022
  • Six brown eggs in a paper carton
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    Getty Images
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    Egg producer Cal-Maine Foods names insider to CEO role

    Sherman Miller, who has served in various management positions during his 26-year tenure at the company, replaces Dolph Baker in the top post.

    By • Oct. 3, 2022
  • Planterra, a division of JBS USA, launched Ozo products in grocery store across the United States.
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    Permission granted by Ozo
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    JBS shutters Planterra brand after 2 years

    The global meat giant’s decision to close down its U.S. plant-based company is the latest blow for the once-hot sector.

    By • Oct. 3, 2022
  • Farm machines harvesting corn in September, viewed from above
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    Getty Images
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    Opinion

    How producers are driving a more connected food ecosystem

    Players in the middle of farmers and consumers will need to evaluate their business models to see where they fit, and embrace agility and resilience, writes Ernst & Young’s Bill McClure.

    By Bill McClure • Sept. 30, 2022
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    Scott Olson via Getty Images
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    Hostess nabs Kimberly-Clark exec as chief supply chain officer

    The Twinkies maker is looking to enhance productivity after struggling with supplier delays and ingredients shortages.

    By • Sept. 29, 2022
  • A person wearing a white lab coat and goggles focuses on a plant-based hamburger and fries.
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    Courtesy of ADM
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    ADM CFO sees ag giant’s pivot paying off in profits, crucial food security

    Vikram Luthar, appointed CFO of Archer Daniels Midland in April, gained a keen awareness of the value of affordable healthy food growing up in India.

    By Maura Webber Sadovi • Sept. 29, 2022
  • Overhead view of two children's lunch boxes open on a wooden table, containing a variety of food items and packages of Smucker's Uncrustables Bites inside, with product boxes lying between them.
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    Courtesy of J.M. Smucker
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    Uncrustables adds frozen meat and cheese bites to lineup

    The fast-growing J.M. Smucker offering is debuting smaller versions in Uncured Ham & Cheddar and Turkey & Colby Jack, which thaw in time for lunch.

    By • Sept. 29, 2022
  • Impossible Foods founder and CEO Pat Brown speaks with a Zoom background of fires in the Amazon rainforest at an October 2020 press conference.
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    Megan Poinski/Food Dive
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    Impossible Foods founder Pat Brown to lead a new company venture

    The medical doctor and outspoken critic of animal agriculture will be heading a separate group dedicated to “transformative innovation,” Business Insider reported.

    By • Sept. 28, 2022
  • Hogs
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    Getty Images
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    Smithfield to pay $75M in latest pork antitrust deal

    This settlement, involving at least 17.6 million consumers, follows JBS’ agreement to pay $20 million to purchasers this month.

    By • Sept. 28, 2022
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    Food industry makes commitments at White House summit on hunger

    Several companies, from Chobani to Tyson, unveiled plans to improve health and nutrition, including reformulating products and revamping labels. 

    By • Updated Sept. 30, 2022
  • Packaging for Kellogg's MorningStar Farms Incogmeato brand.
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    Courtesy of Kellogg
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    MorningStar Farms plant workers reject union deal

    Employees at an Ohio factory producing plant-based products voted 141 to 82 against unionizing, allowing its owner Kellogg to avoid another labor crisis.

    By • Updated Sept. 27, 2022
  • Unilever HQ
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    Unilever CEO retiring at the end of next year

    Alan Jope has worked at Unilever for more than 35 years and was appointed CEO in 2019. The company behind Hellmann’s and Ben & Jerry’s is beginning a search for his replacement.

    By • Updated Sept. 26, 2022
  • Beyond Meat launched Beyond Breakfast Sausage at retail in March 2020.
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    Courtesy of Beyond Meat
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    Beyond Meat chief supply chain officer to depart

    Bernie Adcock, a Tyson veteran who joined the company in December, said he was leaving to pursue other opportunities. The company just suspended its chief operating officer following an arrest last week. 

    By • Sept. 26, 2022
  • Chobani
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    Courtesy of Chobani
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    Chobani names exec to expand presence in international markets

    The Greek yogurt giant appointed Kenneth Bishop to help grow the company outside the U.S, an area it has identified as a “large opportunity” and “meaningful growth driver.”

    By • Sept. 23, 2022
  • A JBS meatpacking plant in Greeley, Colorado.
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    Matthew Stockman/Getty via Getty Images
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    JBS hires its first sustainability officer

    Jason Weller joins the beef giant after serving as vice president of Land O’Lakes sustainability arm Truterra, where he led an effort to incentivize more climate-friendly agriculture practices through carbon credits.

    By • Sept. 22, 2022
  • FlavorUp, Campbell Soup
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    Courtesy of Campbell Soup
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    Campbell Soup launches first major brand in 6 years: FlavorUp boosts

    The squeezable flavoring targets busy millennials who enjoy restaurant-quality meals. It will be the CPG’s first venture into the seasoning aisle.

    By • Sept. 22, 2022
  • Rows of the guayule desert shrub at a farm
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    Courtesy of Bridgestone Americas, Inc.
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    Behind 5 food and beverage sustainability programs receiving USDA funding

    Tyson and Land O’Lakes’ sustainability arm Truterra were among the 70 projects that received grants to facilitate climate-smart agricultural practices.

    By • Sept. 21, 2022