Corporate Operations: Page

  • Molson Coors, popsicle
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    Courtesy of Molson Coors
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    Column

    Leftovers: March Madness-inspired ice and fire — Coors popsicles and Hormel basketball court-smoked bacon

    The brewer’s frozen treats will be sold online and in select bars as the Big Dance heats up, and B&G provides a way to add the taste of Girl Scout Thin Mints to everything. 

    By Food Dive staff • March 17, 2023
  • Knwble Grwn ADM ingredients flax
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    Courtesy of ADM
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    ADM expands regenerative reach with new consumer ingredient brand

    Knwble Grwn, which features flax, hemp oil and seeds, focuses on sustainable practices and highlighting underrepresented farmers, the company's commercial manager told Food Dive.

    By • March 16, 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
  • Image of assorted doughnuts in an open Krispy Kreme box.
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    Scott Olson via Getty Images
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    Krispy Kreme exiting CPG snack business, cutting 102 jobs

    The sweets maker said the segment underperformed on the market. Instead, the company is focusing on delivering fresh-baked doughnuts to stores.

    By • March 16, 2023
  • Kellogg kellanova WK logo
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    Courtesy of Kellogg
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    Kellogg’s new company names — Kellanova and WK Kellogg Co — signal ‘disruptive’ fresh start, CEO says

    The monikers bring its recognizable brand into two distinct businesses for snacking and cereal, Steve Cahillane told Food Dive.

    By • March 15, 2023
  • A close up view of a rendering of Believer Meats' commercial facility. The entry portion is navy blue with many windows and Believer's logo. Lower beige wings with navy blue roofs are on the sides.
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    Courtesy of Believer Meats
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    Believer Meats promotes its COO to the CEO slot

    Gustavo Burger joined the cultivated meat maker last year, playing a key role in building an operations team with CPG experience as the company builds a facility in North Carolina and prepares to launch. 

    By • March 15, 2023
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    Alex Wong via Getty Images
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    Bank collapses unlikely to affect large food companies, but smaller upstarts at risk, analyst says

    A Mizuho research note said short-term disruption, tighter lending standards and a stronger emphasis on free cash/profitability could prevent some businesses from gaining financing or entering the industry. 

    By • March 15, 2023
  • Inside a grocery store, a grocery shopper browses the meat selection where a "low price" sign hangs.
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    Brandon Bell via Getty Images
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    Food inflation cools again in February, driven by decrease in egg prices

    Grocery prices rose last month at a 10.2% annual rate, down from 11.3% in January, the federal government reported Tuesday.

    By Catherine Douglas Moran • March 14, 2023
  • Two sandwich halves are stacked high with deli slices that look like turkey made from The Better Meat Co.'s Rhiza protein, with a company logo flag on a toothpick stuck in one.
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    Courtesy of The Better Meat Co.
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    How The Better Meat Co. scrambled to meet payroll after the SVB collapse

    CEO and co-founder Paul Shapiro said a fast and unexpected loss of access to capital was one scenario the company wasn’t prepared to handle.  

    By • March 14, 2023
  • tyson foods truck
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    "Tysons Food Donation 2012" by Central Texas Food Bank is licensed under CC BY-ND 1.0
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    Tyson to close two plants, laying off nearly 1,700 workers

    The company said closing two of its processing facilities will help it optimize its chicken supply chain. It offered assistance to employees impacted by the decision.

    By • Updated March 14, 2023
  • Nobell Foods makes cheese with plant-based casein from bioengineered soy.
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    Permission granted by Nobell Foods
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    Nobell Foods poaches Impossible executive to head food science and product development

    Sergey Solomatin spent more than a decade at the plant-based meat giant where he helped to develop, scale and commercialize its technology.

    By • March 14, 2023
  • bird flu avian influenza migration
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    David McNew via Getty Images
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    Experts worry migration season could further spread of bird flu

    As meat and egg producers deal with ongoing supply issues, traveling waterfowl and raptor flocks potentially carrying the virus could complicate the situation.

    By • March 14, 2023
  • Darko Mandich and Aaron Schaller stand at a colorful booth for the Mellody brand with a branded backdrop and a table in front of them with sample spoons of honey.
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    Permission granted by MeliBio
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    Food startups describe a ‘roller coaster of emotions’ as Silicon Valley Bank collapsed

    Many companies with accounts at the bank were showing off their products at Natural Products Expo West as news went out, sending many founders into a frenzy.

    By • March 14, 2023
  • Hidden Valley Van Leeuwen ranch ice cream
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    Courtesy of Van Leeuwen
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    Column

    Leftovers: Van Leeuwen scoops into Hidden Valley Ranch ice cream; Snoop Dogg brews a premium coffee brand

    The premium dessert maker taps the condiments aisle for its latest savory combination, and Kellogg brings two of its most popular brands together with Apple Jacks Pop-Tarts.

    By Food Dive staff • March 10, 2023
  • Bang energy drink
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    Thai Phi Le/Food Dive
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    Bang Energy’s parent company ousts controversial founder and names interim CEO

    Founder Jack Owoc will no longer run the business, while John DiDonato, currently the chief transformation officer, takes over on a temporary basis.

    By • March 10, 2023
  • A Bonumose sign sits in front of a large brick headquarters building.
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    Megan Poinski/Food Dive
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    How Bonumose’s new tagatose facility moves better-for-you sweeteners forward

    The Virginia plant producing the rare sugar officially opened this month, making a supply of the healthier stand-in for sucrose available for manufacturers.

    By • March 9, 2023
  • Aloha bar
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    Courtesy of Aloha
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    Why Aloha sees big sustainability potential with its new protein bar

    The brand’s Kona bar is made with Ponova oil, an emulsifier that comes from the beans of the Hawaiian pongamia tree, which helps to repair soil impacted by deforestation.

    By • March 9, 2023
  • Table with brightly colored jars, hands holding chopsticks and bowls of food
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    Courtesy of Fly By Jing
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    Chinese food brand Fly By Jing raises $12M

    The brand, which launched in 2018, also announced the appointment of its first chief financial, operations and commercial officers.

    By Dani James • March 9, 2023
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    Nathan Howard via Getty Images
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    As US mulls vaccinating poultry for bird flu, chicken industry could stand in the way

    Broiler producers are concerned about trade implications, but fears that the virus will mutate or spread to humans may spur a new plan of action.

    By • March 9, 2023
  • Blue Bell Creamery ice cream
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    Thai Phi Le/Food Dive
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    Former Blue Bell CEO to plead guilty to charges connected to 2015 listeria outbreak

    All fraud charges against Paul Kruse will be dropped and he will be fined $100,000, according to the plea agreement.

    By • March 9, 2023
  • A hand cracks open a can of Bud Light Seltzer against a background of colorful bubbles.
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    Courtesy of Anheuser-Busch InBev
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    Bud Light Seltzer clears up misconception about its formula

    With 54% of consumers believing there is beer in hard seltzer, brewer AB InBev has developed a campaign aimed at dispelling those rumors.

    By Sara Karlovitch • March 9, 2023
  • Hostess products
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    Courtesy of Hostess
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    Hostess Brands CEO says snack maker poised to weather economic volatility

    The Twinkies and Donettes producer has thrived as consumers show a penchant for indulgent treats, with many people looking for affordable items. 

    By • March 8, 2023
  • Tyson Foods
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    Permission granted by Tyson Foods
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    Tyson workers in Arkansas sue company over pandemic protections

    The suit filed by 34 current and former employees of the company’s meatpacking facilities claim the poultry giant put profit over its workers’ well-being.

    By • March 8, 2023
  • Hershey, plant based, Reese's, Hershey's
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    Courtesy of Hershey
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    Hershey debuts plant-based Reese’s and chocolate bar

    The confections, which will hit shelves in March and April, are made with oats. This will be the first time the company offers permanent products in the category.

    By • March 7, 2023
  • A child looks at several choices in the candy aisle of a store.
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    Joe Raedle via Getty Images
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    Despite inflation, candy sales grew to $42.6B in 2022

    Nearly 75% of consumers said sweets remain an “affordable treat” in the annual survey done by the National Confectioners Association.

    By • March 6, 2023
  • Hundreds of turkeys stand in a barn in California.
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    Justin Sullivan via Getty Images
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    Bird flu-driven drop in turkey supply hurt Hormel’s sales

    In its most recent earnings report, the company said volumes of the poultry declined 80% year-over-year, but it remains optimistic about the ability to recover in the second half of 2023.

    By • March 6, 2023