Corporate Operations: Page
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Unilever partners with ASAP for ice cream delivery
The app will work with its restaurant partners to add the company’s frozen treats to menus, but users can also order from the CPG giant’s virtual Ice Cream Shop.
By Megan Poinski • Oct. 18, 2022 -
Product quality issues hamper Conagra in Q1
The CPG was forced to pause manufacturing on multiple lines when certain goods did not meet specifications.
By Megan Ruggles • Oct. 17, 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 -
Big CPGs have not been making food and drink healthier, study finds
The Access to Nutrition Initiative found the 11 largest U.S. manufacturers increased their commitments to affordable, more nutritious products, but have largely not translated those promises into action.
By Megan Poinski • Updated Oct. 17, 2022 -
DoorDash expands self-service ad tools for CPG brands
PepsiCo and Clorox are embracing the platform’s ad push to support goals like building out their in-house ad platforms and acquiring new customers.
By Sara Karlovitch • Oct. 17, 2022 -
Beyond Meat lays off 200 employees and slashes its revenue outlook
The plant-based meat company, which is eliminating about a fifth of its workforce after cutting staff in August, said the latest job reductions can drive more sustainable growth.
By Megan Poinski • Oct. 14, 2022 -
Laird Superfood to close Oregon plant as it shifts to co-packing
The closure of the facility, used to make powdered creamers and hydration products, will result in the loss of 46 jobs this year, the company said.
By Christopher Doering • Oct. 14, 2022 -
Beyond Meat’s corporate shakeup sees 3 exec departures, including suspended COO
Doug Ramsey, who was arrested on assault charges last month, officially lost his job, and the CPG eliminated the position of chief global growth officer. Its CFO also announced his departure.
By Megan Poinski • Oct. 14, 2022 -
Utz brings chip brand Zapp’s into seasoned pretzels
With the new launch, the snack maker is tapping into a product known for unique flavors like Cajun Dill Gator-Tators, while leaning into growing demand for premium items.
By Christopher Doering • Oct. 13, 2022 -
Bang Energy names ex-PepsiCo exec as its COO
Just a day after filing for bankruptcy, the beverage brand named CPG veteran Kathy Cole to oversee operations.
By Christopher Doering • Oct. 13, 2022 -
U.S. Supreme Court weighs impact of California animal welfare law on industry, retail prices
The justices asked lawyers representing the pork industry and the state about the impact Proposition 12 will have on small producers and interstate commerce.
By Chris Casey • Oct. 12, 2022 -
Soli Organic raises $125M to further expansion plans
The indoor agriculture company will use these funds — as well as the $170 million in financing it’s received in the last year — to build new farms to grow herbs and other organic crops in soil.
By Megan Poinski • Oct. 12, 2022 -
Bang Energy’s parent company files for bankruptcy
After court battles with PepsiCo and Monster, Vital Pharmaceuticals owes more than $400 million to the two beverage companies. It said its partnership with the soda giant caused its market share to decline.
By Christopher Doering • Oct. 11, 2022 -
How the Supreme Court animal welfare case could reshape the pork sector
The Court heard oral arguments Tuesday on a challenge to California’s Prop 12, which defines how much space breeding pigs, veal calves and egg-laying hens should have in captivity.
By Chris Casey • Oct. 10, 2022 -
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 Chris Casey • Oct. 7, 2022 -
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 Megan Poinski • Oct. 6, 2022 -
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 Megan Poinski • Oct. 6, 2022 -
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 Chris Casey • Oct. 6, 2022 -
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 Chris Casey • Oct. 5, 2022 -
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 Christopher Doering • Oct. 5, 2022 -
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 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 Christopher Doering • Oct. 4, 2022 -
Preston Keres. (2018). "20181128-AMS-PJK-3666_TONED" [photograph]. Retrieved from USDA.
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 Megan Poinski • Oct. 3, 2022 -
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 Christopher Doering • Oct. 3, 2022 -
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 Megan Poinski • Oct. 3, 2022 -
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