Corporate Operations: Page 72
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Permission granted by Godiva
Inside Godiva's push to make premium chocolate more accessible
Soon after Nurtac Afridi took the helm of the Belgian confectioner, all of its North American boutiques closed and its candies became available everywhere — a strategy that the sweets maker says is paying dividends.
By Megan Poinski • Feb. 2, 2022 -
Courtesy of Kalera AS
Kalera starts trading on Nasdaq
The indoor farming company debuted at $14 a share after its shareholders approved its merger with Agrico Acquisition Corp. at a special meeting on Tuesday.
By Samantha Oller • Updated June 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 -
Courtesy of Olipop
Functional soda Olipop raises $30M with notable investors, including former PepsiCo CEO
The three-year-old company, which plans to use the money to develop new products and hire employees, said the celebrity-packed funding round values it at $200 million.
By Christopher Doering • Feb. 1, 2022 -
Permission granted by Mondelez International
Mondelēz reactivates 'COVID playbook' to address low inventory
Due to high demand and continued labor constraints, the snack food giant is reviving some aspects of its early pandemic strategy of simplifying its business operations as well as its product portfolio.
By Sarah Zimmerman • Jan. 31, 2022 -
Tim Boyle via Getty Images
Chicken of the Sea price fixing settlements totaling $39.5M approved
A judge's acceptance of the three deals with buyers who accused the company of colluding to increase canned tuna prices caps nearly 10 years of antitrust litigation.
By Chris Casey • Jan. 31, 2022 -
Courtesy of Cargill
Nestlé offers cash to cocoa farmers to keep kids in school in $1.4B sustainability push
The world's largest food manufacturer will reward producers who commit to fighting child labor and adopting good agricultural practices to increase productivity.
By Christopher Doering • Jan. 28, 2022 -
Sean Gallup via Getty Images
Mars Wrigley closing Chicago factory, eliminating 280 jobs
The facility, which has made candy since 1928, will cease operations in the next two years. Employees will be encouraged to apply for other roles at the company.
By Megan Poinski • Jan. 26, 2022 -
Courtesy of Ben & Jerry's
Unilever to cut 1,500 management jobs in reorganization
The restructuring creates separate divisions for nutrition and ice cream, streamlining the mega-CPG company's operations and potentially making divestments easier.
By Megan Poinski • Jan. 25, 2022 -
Courtesy of Molson Coors
Coca-Cola, Molson Coors to partner on Simply Spiked Lemonade
The RTD alcoholic beverage, which is set to hit shelves this summer, is the second drink to be developed by the two companies, following the launch of Topo Chico Hard Seltzer in 2021.
By Christopher Doering • Jan. 25, 2022 -
Permission granted by Upside Foods
Upside Foods acquires cell-based lobster company Cultured Decadence
The purchase of the Wisconsin firm brings more scientists and technology to the California cultivated meat maker, as well as expertise in crustaceans and other seafood.
By Megan Poinski • Jan. 25, 2022 -
Permission granted by Tyson Foods
Tyson to lay off 200 workers at Kentucky poultry plant as product mix shifts
The meat giant said the job cuts are in response to growing consumer demand for convenience and its value-added, fully cooked chicken offering.
By Samantha Oller • Jan. 24, 2022 -
Courtesy of International Flavors & Fragrances
IFF names Merck exec as new CEO
Frank Clyburn, a seasoned executive who created the pharmaceutical's highly successful oncology business and helped in a high-profile integration, takes the helm of the ingredients company on Feb. 14.
By Megan Poinski • Jan. 20, 2022 -
Getty Images
Opinion4 ways CPG companies can improve performance in 2022
From wargaming inflation scenarios to embracing data analytics, here's where to focus in the challenging months ahead, writes PwC’s Hans Van Delden.
By Hans Van Delden • Jan. 20, 2022 -
Courtesy of Upward Farms
Upward Farms plans world's largest indoor vertical farm
The 250,000-square-foot facility in Pennsylvania will supply microgreens and fish to consumers in the Northeast using the company's aquaponic technology.
By Samantha Oller • Jan. 19, 2022 -
Permission granted by Hain Celestial
Hain Celestial CEO zeroing in on M&A, with 'a lot of firepower' at his disposal
After several years of shedding brands, Mark Schiller said the health and wellness company has about $1 billion it can tap to boost its presence in snacks, plant-based meats and non-dairy beverages.
By Christopher Doering • Jan. 18, 2022 -
(Photo by Justin Sullivan/Getty Images) via Getty Images
Constellation: Brown glass shortage lowering imported beer inventory levels
Supply chain and transport challenges are also contributing to higher cost of product sold, according to the maker of Pacifico and Modelo Negra.
By Colin Campbell • Updated Jan. 15, 2022 -
Permission granted by Unilever
Report: Unilever to lay off thousands of managers
The decision, first reported by Bloomberg, comes after the CPG company walked away from its bid to buy GlaxoSmithKline's consumer unit and activist investor Nelson Peltz took on a stake.
By Megan Poinski • Updated Jan. 24, 2022 -
Courtesy of Gopuff
Gopuff launches its first private label line
The delivery company, which plans to initially launch offerings such as bottled water and snacks, may expand into perishable goods like meats in the future.
By Jeff Wells • Jan. 18, 2022 -
Al Drago via Getty Images
SCOTUS upholds stay on OSHA's vaccine mandate
Secretary of Labor Marty Walsh said he was "disappointed" by the decision, but that the Biden administration would continue to hold businesses accountable for protecting workers.
By Ryan Golden • Updated Jan. 13, 2022 -
Courtesy of Nestlé
Nestlé cuts sugar, adopts more sustainable packaging for Carnation Breakfast Essentials
The nutrient-rich beverage aimed at kids and teens is now available in Tetra Pak cartons made with responsibly sourced paper.
By Christopher Doering • Jan. 13, 2022 -
Justin Sullivan via Getty Images
Monster Energy enters alcohol with $330M purchase of Canarchy Craft Brewery
The decision to jump into beer and hard seltzer comes as nonalcoholic beverage companies aim to cover more drinking occasions and spur growth.
By Christopher Doering • Updated Jan. 13, 2022 -
Courtesy of Northwest Dairy Association/Darigold
Stonyfield co-founder enlists consumers, retailers to help Northeast organic dairy farms
The yogurt maker aims to boost dozens of small farmers in the region after Danone's Horizon and Maple Hill Creamery chose not to renew their supply contracts.
By Chris Casey • Jan. 12, 2022 -
Courtesy of Chobani
Chobani expands fast-growing creamer business with new plant-based offering
The creamers — made from coconut, sunflower and pea protein — complement its other two products in the category made from cream and oats. Sales have grown 120% during the past year.
By Christopher Doering • Updated Jan. 11, 2022 -
Permission granted by Hain Celestial
Deep DiveCPGs grapple with a murky 2022 outlook as inflation, supply chain weigh on operations
Uncertainty over the severity and permanence of these and other challenges is making it hard for CEOs to determine whether they should make moves such as price increases.
By Christopher Doering • Jan. 11, 2022 -
Getty Images
Butter prices skyrocket 40% on labor, supply woes: USDA
Decreased cow herds, a driver and worker shortage, and higher packaging costs have led to a huge price hike for the dairy product.
By Chris Casey • Jan. 10, 2022
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