Corporate Operations: Page
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Courtesy of Do Good Foods
Upcycled chicken producer Do Good Foods files for bankruptcy
The two-year-old company is the latest food business to file in the last month, following AeroFarms and Tattooed Chef, as upstarts struggle with a challenging economic environment.
By Chris Casey • July 10, 2023 -
Courtesy of PepsiCo
ColumnLeftovers: Pepsi puts pineapple on top; Pillsbury stuffs banana bread in a tube
The CPG beverage giant is rolling out the exclusive flavor at Little Caesars locations, and Peak State is debuting coffee made with adaptogenic mushrooms.
By Food Dive staff • July 7, 2023 -
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 Tyson Foods
Tyson drops ‘no antibiotics ever’ label on chicken products
The poultry giant said it is reinstating the use of some antibiotics, but not ones that are “important to human medicine.”
By Chris Casey • July 5, 2023 -
Courtesy of Kevin’s Natural Foods
Mars to buy healthy meal maker Kevin’s Natural Foods for an undisclosed amount
The fast-growing startup, which makes chef-inspired sous-vide meals, sides and sauces using whole foods and simple ingredients, will continue to operate as a standalone business.
By Christopher Doering • July 5, 2023 -
Mario Tama/Getty Images via Getty Images
Modelo dethroned Bud Light in America — here’s what the numbers say
While recent controversy played a role in the uncrowning, Modelo’s long-term strategy may have more to do with its success.
By Sara Karlovitch • July 5, 2023 -
Courtesy of Tattooed Chef
Tattooed Chef to file for bankruptcy, plans to sell assets
The company, which entered the public markets in 2020, has been struggling with declining revenue, inflationary pressures, a shrinking cash stockpile and a slowdown in the plant-based sector.
By Christopher Doering • July 5, 2023 -
Courtesy of Inspire Brands
ColumnLeftovers: Sonic drives tots into freezer aisle | Kerrygold spreads savory butter flavors
The fast food chain is bringing its popular item to retail for the first time, and Takis satisfies Gen Z’s desire for flavorful snacks with a Dragon Sweet Chili offering.
By Food Dive staff • June 30, 2023 -
Courtesy of Kellogg
Kellogg’s snacking business can rival competitors after split, CEO says
Steve Cahillane expressed optimism about the future of the CPG giant, pointing to strength in its iconic brands such as Cheez-It and Pringles.
By Chris Casey • June 30, 2023 -
Permission granted by Whole Earth Brands
Equal sweetener owner Whole Earth receives buyout offer of $4 per share
Martin Franklin, who already owns 21% of the business, would combine it with Royal Oak Enterprises, a maker of charcoal. Whole Earth pledged to review the offer.
By Christopher Doering • June 29, 2023 -
Courtesy of McCormick
McCormick & Co. names insider Brendan Foley as CEO
The CPG veteran, who joined the flavor and spice company in 2014 and most recently served as its COO, will take over on Sept. 1 from outgoing chief Lawrence Kurzius.
By Christopher Doering • June 29, 2023 -
Permission granted by The Naked Market
Jilted by Constellation Brands, Aperitif maker Haus finds new life after acquisition
The Naked Market purchased the low-alcohol aperitifs maker for an undisclosed amount and is re-launching it online. The brand shut down last year after a $10 million funding round fell through.
By Christopher Doering • June 29, 2023 -
Retrieved from Institute of Food Technologists on June 21, 2023
Food waste solutions must not shy away from processing, IFT says
The group said technology needs to play a larger role if efforts to reduce the 1 billion tons of food lost each year are going to be successful.
By Chris Casey • June 28, 2023 -
Courtesy of Danone
Danone digs in at discount channels as consumer tastes change
The retail channel is one of the fastest-growing segments of the dairy and plant-based giant’s business in the U.S., with sales forecast to top $100 million in 2023.
By Christopher Doering • June 28, 2023 -
Courtesy of Mondelēz International, Inc.
Oreo and Super Mario team up to defeat Bowser with limited-edition cookie
The Mondelēz brand and Nintendo franchise are releasing 16 limited-edition cookie embossments, with Bowser being the most rare.
By Sara Karlovitch • June 27, 2023 -
Courtesy of Jones Soda Co.
Inside Jones Soda’s expansion of its cannabis-infused line to new states
Despite the lack of nationwide regulation, the brand will debut in three more states, setting the stage for even greater expansion, according to its chief marketing officer.
By Chris Casey • June 26, 2023 -
Getty Images
California grants pork industry some Prop 12 relief
Industry advocates say the ruling allows for a smoother transition of the meat already in the supply chain from farms that do not comply with the state’s new animal housing requirements.
By Nathan Owens • June 26, 2023 -
Permission granted by TreeHouse Foods
‘A new TreeHouse:’ Private label giant builds for success by thinking small, CEO says
Steve Oakland said the snacks and beverages manufacturer has evolved into a more focused company that can better innovate and respond to the needs of retailers such as Walmart and Amazon.
By Christopher Doering • June 26, 2023 -
Permission granted by Partake Foods
Q&A8 questions with Partake founder & CEO Denise Woodard
The executive talks to Food Dive about how her daughter’s experience with food allergies led to the creation of the company and about her optimism that people, planet and profits are catching on with more brands.
By Judy McGuire • June 26, 2023 -
Matthew Stockman via Getty Images
JBS pulls ‘aspirational’ claims about its net zero emissions goal
The National Advertising Review Board ruled the wording was misleading because it made consumers believe the meat giant was guaranteed to have virtually no greenhouse gas impact by 2040.
By Megan Poinski • June 23, 2023 -
Getty Images
Opinion5 emerging technologies set to transform the global food system
Fresh solutions are needed to tackle the impact of climate change, food waste and to feed a growing population with fewer resources, according to Rick Hamilton, senior consultant at 4C Associates.
By Rick Hamilton • June 23, 2023 -
Getty Images
Fourth of July cookouts still more expensive this year despite inflation cooling: Wells Fargo
The banking giant recommends grilling hamburgers and chicken breasts, both of which have seen prices fall slightly in the last 12 months.
By Chris Casey • June 22, 2023 -
Courtesy of Kraft Heinz
Kraft Mayo turns up the heat with Buffalo Style Dressing
The spreadable condiment is the latest of the CPG giant’s products to get a trendy injection of spices this year.
By Megan Poinski • June 21, 2023 -
Courtesy of Impossible Foods
What keeps Impossible Foods’ CEO up at night?
Peter McGuinness, who has helmed the meat alternative maker since last April, says there is nothing but opportunity for the plant-based category — but companies need to take advantage of it.
By Megan Poinski • June 21, 2023 -
Courtesy of Motif FoodWorks
Impossible Foods’ heme patent will be reviewed in dispute with Motif FoodWorks
The Patent Trial and Appeal Board found the biotech ingredients company has a “reasonable likelihood of prevailing” on one of its claims, but will let three of the plant-based meat company’s other patents stand.
By Megan Poinski • June 21, 2023 -
Spencer Platt via Getty Images
Depleted cattle herds push beef prices to near record levels
Prices could rise even further heading into grilling season as meatpackers grapple with higher costs and compete for a dwindling supply of cattle.
By Sarah Zimmerman • June 20, 2023
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