Corporate Operations: Page 73

  • Chobani
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    Courtesy of Chobani
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    Chobani names former president to lead company

    Kevin Burns was instrumental at making the yogurt maker profitable and more successful when he held the executive role from 2014 to 2016.

    By • March 18, 2022
  • Impossible Sausage launched at retail in summer 2021.
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    Courtesy of Impossible Foods
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    Impossible founder steps down, outgoing Chobani president to be CEO

    Peter McGuinness, who is leaving the yogurt giant after serving as its president and COO, will take over on April 4, while Pat Brown will become the plant-based company's chief visionary officer.

    By Samantha Oller , • Updated March 17, 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
  • barely
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    Permission granted by Anheuser-Busch
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    AB InBev's EverGrain brings used beer ingredient to snacks and plant-based milks

    Told by many he was wasting his time, the CEO of the alcohol giant's subsidiary is introducing spent barley to foods and beverages through partnerships with companies like Nestlé and Post.

    By • March 17, 2022
  • Halloween candy aisle
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    Thai Phi Le/Food Dive
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    Consumers spent a record $36.9B on candy in 2021

    Last year showed a resurgence in sales for all kinds of treats, especially Halloween sweets and gum, according to the National Confectioners Association's annual report.

    By • March 17, 2022
  • Jones Soda, soda, cannabis, Mary Jones
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    Permission granted by Jones Soda
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    From a turkey-and-gravy soft drink to cannabis, Jones Soda looks for its next high

    The company, which plans an aggressive rollout of its new Mary Jones brand where recreational use is legal, is optimistic the offering could eclipse sales of its iconic soda within a few years.

    By • March 16, 2022
  • Local Bounti
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    Courtesy of Local Bounti
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    Local Bounti to acquire indoor farming operator Pete's for $122.5M

    The company's first acquisition since going public last November will allow it to expand its retail distribution footprint from roughly 500 stores to more than 10,000.

    By Samantha Oller • March 16, 2022
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    Mario Tama via Getty Images
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    Nearly 80% of food and beverage companies have passed on higher costs to customers, survey finds

    According to Mazars' research, 83% of respondents expected sales to increase in 2022, while 54% identified higher shipping costs as their primary concern.

    By • March 14, 2022
  • Chobani announced it had Fair Trade Certified yogurt in May 2021.
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    Courtesy of Chobani
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    Top Chobani execs leaving as yogurt giant delays IPO, WSJ reports

    The company, which may not go public until later this year or in 2023, is losing several key people in its C-suite, including President and COO Peter McGuinness.

    By • March 11, 2022
  • Limited edition Lionel Messi G.O.A.T. potato chips
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    Courtesy of Frito-Lay
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    Column

    Leftovers: Lay's taps Lionel Messi for a legendary chip variety; Clif gets slim for on-the-go snacking

    The PepsiCo-owned brand honors the decorated soccer star with a standout bag, and Godiva chills out with new ice cream pints.

    By Food Dive staff • March 11, 2022
  • Sweet Earth
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    Courtesy of Sweet Earth
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    Nestlé's Sweet Earth to shutter California plant, lay off 104 workers

    The food giant said the changes are effective May 6. It plans to shift production of plant-based meat offerings to a facility in Ohio.

    By • March 10, 2022
  • Eastern Europe
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    Getty Images
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    How food and beverage companies are responding in Russia

    Mars, Nestlé, PepsiCo and Danone are just a few of the large CPGs to stop investments, sales, advertising or other activities as the Ukraine invasion continues.

    By Food Dive Staff • Updated June 29, 2022
  • An Impossible Burger cut in half
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    Courtesy of Impossible Foods
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    Motif FoodWorks moves for Impossible Foods' patent to be revoked

    This petition, which comes after the plant-based meat maker sued the ingredient company over its heme product, argues that the patent at the center of the dispute shouldn't have been granted in the first place.

    By • Updated April 20, 2022
  • Danone's plant-based Silk Greek yogurt launched in August 2021.
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    Courtesy of Danone
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    Danone vows 'no sacred cows' as dairy giant prunes portfolio to boost growth

    The company said it would improve performance in troubled offerings like Horizon Organic, invest more in winning products like Oikos and reposition the portfolio by selling existing brands and buying new ones.

    By • March 9, 2022
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    Tim Boyle via Getty Images
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    Coca-Cola and PepsiCo latest CPGs to suspend business in Russia

    The soda giants join Kellogg, Kraft Heinz and others in ending or meaningfully scaling back operations in the country amid pressure from consumers and investors. 

    By • March 9, 2022
  • Nestle
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    Permission granted by Nestle
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    Nestlé to build $675M beverage factory in Arizona, creating more than 350 jobs

    The plant will produce creamers, including its Coffee mate, Coffee mate natural bliss and Starbucks brands, with the capacity to add other offerings.

    By • March 9, 2022
  • Hostess Brands, Donettes
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    Permission granted by Hostess Brands
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    Hostess Brands to invest up to $140M to retrofit idle plant for Donettes and cakes

    The snacks maker said the Arkansas bakery is expected to be operational in the second half of 2023 and create about 150 new jobs during the next three years.

    By • March 8, 2022
  • Unilever HQ
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    Permission granted by Unilever
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    Unilever commits to annual nutritional report

    The global CPG giant says it will publish its first report measuring its food products against governmental health goals by October.

    By • March 8, 2022
  • Tyson Foods
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    Permission granted by Tyson Foods
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    Tyson venture initiative to invest in sustainability tech

    The meat giant is using its investment arm to source new ideas from startups to help lower its environmental footprint.

    By • March 7, 2022
  • HumanCo's launched dairy-based Cosmic Bliss ice cream
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    Courtesy of HumanCo
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    After 17 years of plant-based ice cream, why HumanCo rebranded Coconut Bliss and added dairy

    The legacy flavors will continue, but company Founder and CEO Jason Karp said most consumers want clean-label, sustainable desserts made with dairy.

    By • March 7, 2022
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    Paula Bronstein via Getty Images
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    DOJ investigates poultry companies over anticompetitive labor practices, WSJ reports

    The government is reviewing whether producers engaged in sharing information about employment practices that kept wages lower for workers.

    By • March 4, 2022
  • A palette of Phytolon's natural colors made through precision fermentation.
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    Permission granted by Phytolon
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    Ginkgo Bioworks partners with Phytolon on natural colors

    The biotech powerhouse will work to improve and scale processes of the Israel-based company that uses precision fermentation to make yellow, purple and pink pigments.

    By • March 3, 2022
  • Ingredion
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    Permission granted by Ingredion
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    Disruption has drawn ingredient suppliers and food manufacturers closer, Ingredion CEO says

    Jim Zallie said reduced R&D budgets, changing consumer tastes and an urgency to get products to market faster has created "more intimate relationships" between the two sides.

    By • March 3, 2022
  • Sampling
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    Getty Images
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    Opinion

    How to reintroduce sampling to the post-pandemic consumer

    As shoppers shift their grocery spending online, food CPGs should consider these opportunities to connect, writes Jeff Snyder of Inspira Marketing Group.

    By Jeff Snyder • March 3, 2022
  • Air Protein's Air Chicken
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    Permission granted by Air Protein
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    Q&A

    How Air Protein is making the journey from concept to product

    The startup that makes carbon dioxide into a meat analog has been turning science and the need for more sustainability into something co-founder and CEO Lisa Dyson says can feed the world. 

    By • March 2, 2022
  • Lifeway Foods
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    Retrieved from Lifeway Foods.
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    Lifeway Foods in turmoil as family members push company to oust CEO, explore 'strategic alternatives'

    The outcome could hinge on the opinion of dairy giant Danone, which owns 22.4% of the kefir maker's stock, making it the single-largest shareholder.

    By • March 1, 2022