Corporate Operations: Page 76
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Catherine Douglas Moran/Food Dive
Magic Spoon raises $85M as better-for-you cereal launches at retail
The former DTC brand has built a large fan base of Gen Z and millennial consumers thanks to its low-sugar, high-protein offerings in fun flavors.
By Samantha Oller • June 14, 2022 -
Courtesy of Coca-Cola
Coca-Cola partners with Brown-Forman to launch Jack Daniel's RTD cocktail
The beverage, which marks the soda giant’s fourth alcoholic offering, will be sold around the world. The initial rollout is planned for Mexico in late 2022.
By Christopher Doering • June 13, 2022 -
Explore the Trendline➔
Courtesy of Instacart
TrendlineTop 5 stories from Food Dive
The food and beverage industry is changing rapidly and the actions companies take this year are likely to play a major role in defining their future.
By Food Dive staff -
Courtesy of The Urgent Company
ColumnLeftovers: Brave Robot, Coolhaus team up on animal-free treats; French's spreads beyond mustard
The Urgent Company-owned brands use Perfect Day’s proteins in their first collaboration, and a uterus-shaped breakfast cereal tries to start the conversation about periods.
By Food Dive staff • June 10, 2022 -
Permission granted by Eat the Change
Honest co-founder downplays potential of legal action from Coca-Cola in new tea launch
Seth Goldman said initial varieties of his beverage will “very closely mimic” the brand he sold to the CPG giant, which is being discontinued.
By Christopher Doering • June 9, 2022 -
Retrieved from Foster Farms.
Chicken company Foster Farms purchased by private equity firm
Acquirer Atlas Holdings has named former Tyson CEO Donnie Smith to lead the poultry processor, which has $3 billion in annual revenue.
By Christopher Doering • June 8, 2022 -
Courtesy of J.M. Smucker
Jif recall may cost Smucker $125M
Salmonella contamination in products from the company’s largest peanut butter plant triggered a massive recall last month, which could subtract about 2% from total sales, the jam maker said.
By Megan Poinski • June 8, 2022 -
Permission granted by Eat the Change
Jilted by Coca-Cola, Honest co-founder plans new RTD tea launch
Just two weeks after the beverage giant announced it would discontinue the line in 2022, Seth Goldman said his yet-to-be named drink would have the same values and similar recipes.
By Christopher Doering • June 6, 2022 -
Justin Sullivan via Getty Images
Monster leans on US can sourcing to lower freight costs
The beverage maker imported more of the packaging last year to meet demand, but it came at a price.
By Alejandra Carranza • June 6, 2022 -
Courtesy of Molson Coors
Molson Coors is spending $65M to bring more hard seltzer packaging in-house
The producer of Topo Chico Hard Seltzer and Vizzy said the investment in a new Texas warehouse will alleviate shipping costs and improve its time to market while helping grow its beyond-beer offerings.
By Christopher Doering • June 6, 2022 -
Getty Images
Why the chicken executive price-fixing case is a priority for prosecutors
As the unusual third trial of leaders at Pilgrim's Pride and Claxton Poultry Farms begins, the Department of Justice is doubling down on its strategy of holding those in charge accountable for corporate misdeeds.
By Megan Poinski , Chris Casey • June 6, 2022 -
Courtesy of Beyond Meat
Beyond Meat accused of unfair competition because of misleading claims in new lawsuit
The federal lawsuit is the latest attack on the company from former co-manufacturer Don Lee Farms, which says its publicly traded competitor overstates its protein content and incorrectly says its ingredients are natural.
By Megan Poinski • June 3, 2022 -
Sean Gallup via Getty Images
Food supplier cyber risk spreads 1 year after JBS attack
Multiple cyberattacks have hit the industry during the past year and the FBI recently warned the sector could be a prime target.
By Matt Kapko • June 2, 2022 -
Christopher Doering/Food Dive
Beer drinkers clinging to higher-priced brews as inflation rages, Molson Coors CEO says
In an interview, Gavin Hattersley said price increases for the alcoholic beverage are trailing those hitting gas and other food categories, making it an affordable offering for many people.
By Christopher Doering • June 2, 2022 -
Matthew Stockman/Getty via Getty Images
JBS units agree to infectious disease plan in OSHA settlement
The workplace safety agency also fined the meat processing company $14,502 after finding facilities in Colorado and Wisconsin did not do enough to protect workers.
By Christopher Doering • June 1, 2022 -
Permission granted by Unilever
Activist Nelson Peltz to join Unilever board
The investor, whose group owns a 1.5% stake in the European CPG giant, has a track record of pushing large food companies to split off less profitable divisions.
By Megan Poinski • May 31, 2022 -
Permission granted by Tate & Lyle
Sweegen declares victory in stevia patent case, but PureCircle will appeal
This is the final case that the once-litigious stevia grower, now owned by Ingredion, filed against a competitor.
By Megan Poinski • Updated May 26, 2022 -
Courtesy of Edelman
Flying ice cream? Unilever links with drone delivery service Flytrex
The CPG giant is looking to scoop up more customers for its virtual storefront with delivery in under three minutes and exclusive product bundles.
By Catherine Douglas Moran • May 26, 2022 -
Spencer Platt via Getty Images
Sabra sees double-digit loss in sales and market share after hummus plant closure
The dip maker is working to boost production after a voluntary recall over salmonella contamination forced the facility to close and implement new safety measures.
By Samantha Oller • May 26, 2022 -
Courtesy of Bowery Farming
How Bowery Farming is growing the indoor agriculture space
The vertical farming company opened its largest farm in Pennsylvania this week, with two more facilities, more technology and new crops on the way.
By Megan Poinski • May 26, 2022 -
Courtesy of Eat Just
Eat Just announces plans for commercial-scale cell-based meat facility
The cultivated meat maker entered an agreement with biotech process engineering company ABEC, which will build 10 bioreactors for the plant. The company says it will be able to make 30 million pounds of product annually.
By Megan Poinski • May 25, 2022 -
Getty Images
General Mills to sell Helper, Suddenly Salad for $610M
Eagle Foods, known for its sweetened condensed milk, will buy the two brands. The transaction could help both companies expand in growing categories.
By Chris Casey • May 25, 2022 -
Scott Olson via Getty Images
Oatly selects top candidate for next CEO, WSJ reports
Incoming president Jean-Christophe Flatin is likely in line to replace Toni Petersson, who has led the oat milk giant since 2012, sources told the publication.
By Samantha Oller • May 25, 2022 -
Coca-Cola to discontinue its Honest teas line in late 2022
The company plans to continue producing the "quickly growing" Honest Kids juice offering while prioritizing the expansion of its Gold Peak and Peace Tea brands.
By Christopher Doering • May 24, 2022 -
Courtesy of Boston Beer
Boston Beer moves into cannabis-infused iced teas
Each can of TeaPot contains five milligrams of THC and will be available in some Canadian provinces in July.
By Christopher Doering • May 24, 2022 -
Getty Images
Deep DiveWhat's standing in the way of a circular food packaging economy?
As CPGs test new bottle and wrapper prototypes and set goals to cut virgin plastic use, critics warn roadblocks could trip up their progress.
By Chris Casey • May 24, 2022
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