Corporate Operations: Page
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Courtesy of Nestle
Nestlé's Hot Pockets brand enters portable sandwich market
The Deliwich is designed to be taken on-the-go frozen and ready to eat by lunchtime. It will compete against offerings like J.M. Smucker's Uncrustables.
By Christopher Doering • May 18, 2022 -
Courtesy of Molson Coors
Beer giant Molson Coors taps into plant-based milk
Golden Wing is part of the company's goal to reach $1 billion in revenue by 2023 from its emerging growth division launched three years ago.
By Christopher Doering • May 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 -
Courtesy of Eat Just
ADM partners with Eat Just on cell-based meat growth medium and product development
This is the ingredient powerhouse's first agreement in the cultivated meat space, and the company says it fits in with its strategic focus on alternative proteins.
By Megan Poinski • May 17, 2022 -
Catherine Douglas Moran/Food Dive
Meat processors used 'baseless' claims of shortages to keep plants open during COVID-19: report
A congressional investigation said Tyson and others influenced a Trump order to ensure facilities would continue operating despite local and state health measures.
By Christopher Doering • Updated May 17, 2022 -
Spencer Platt via Getty Images
Consumers 'laser-focused' on discounts as food prices hit four-decade high
Shoppers are actively trading down as the cost of meat, eggs, butter and other staples soar, according to an analyst.
By Chris Casey • May 13, 2022 -
Permission granted by Brightseed
Brightseed raises $68M to accelerate artificial intelligence work
The creator of Forager AI, which maps the health impact of plant-based compounds, plans to use the funding to launch its first FDA-GRAS ingredient.
By Christopher Doering • May 12, 2022 -
Courtesy of Beyond Meat
Beyond Meat shares drop as jerky costs drive $100.5M loss
President and CEO Ethan Brown said the internal costs the company incurred will pay off in the long run, but analysts seem to be skeptical of the strategy.
By Megan Poinski • May 12, 2022 -
Nitram242. (2017). "Tootsie Roll Power Plant" [Photograph]. Retrieved from Flickr.
Tootsie Roll could pause production lines due to delayed supplier deliveries
Ingredients and packaging suppliers have failed to meet promised delivery dates due to rail and truck constraints, the candy manufacturer said.
By Alejandra Carranza • May 11, 2022 -
Getty Images
General Mills to buy frozen pizza crust maker to boost away-from-home business
The purchase of TNT Crust for an undisclosed amount will add to the fold a fast-growing company while increasing the CPG's exposure to the popular meal offering.
By Christopher Doering • May 11, 2022 -
Retrieved from TreeHouse Foods on July 01, 2016
TreeHouse Foods: Inflation is a boon to private label demand
The maker of store-branded products said its offerings are making inroads across multiple retail channels and among consumers in all earnings brackets.
By Christopher Doering • May 10, 2022 -
Permission granted by Tyson Foods
Tyson's sales climb to $13B as meat industry profits are scrutinized
The meat and poultry giant's CEO said the financial increases are par for the course as inflation rages.
By Chris Casey • May 10, 2022 -
Preston Keres. (2018). "20180321-OC-PJK-7623_TONED" [photograph]. Retrieved from U.S. Department of Agriculture.
Avian influenza impacts 37.5M birds in commercial and backyard flocks
While the outbreak seems to be hitting more egg laying operations, bigger companies say they are not yet drastically affected.
By Megan Poinski • May 10, 2022 -
Thai Phi Le/Food Dive
Kellogg aims for cereal market share recovery after strikes, supply woes
The company, which saw a 10% year-over-year decline in net cereal sales in the first quarter, said it has a plan to buoy growth in the second half of the year.
By Chris Casey • May 9, 2022 -
Courtesy of Kraft Heinz
Why Kraft Heinz is making Macaroni & Cheese ice cream and Grey Poupon wine
The launches are part of an effort to build relevance for iconic brands in a way that aims to combine whimsy and consumer interest into items that attract both social media attention and sales.
By Megan Poinski • May 9, 2022 -
Dan Kitwood via Getty Images
Tate & Lyle buys chickpea ingredients company Nutriati
The acquisition comes six months after the ingredients giant agreed to distribute the upstart's offerings used in non-dairy, plant-based meat and gluten-free products.
By Christopher Doering • May 5, 2022 -
Permission granted by Whole Earth Brands
Whole Earth Brands carves out its sweet spot in alternative sweeteners
The company's portfolio of products like Wholesome and Equal are designed to give consumers more choice and position it to grab a bigger slice of the $100 billion market dominated by sugar.
By Christopher Doering • May 5, 2022 -
Retrieved from Conagra Brands.
Conagra names McDonald's exec to head grocery and snacks business
Lucy Brady will take over as president starting June 15 and focus on keeping the CPG's brands relevant amid evolving consumer demands and trends.
By Christopher Doering • Updated May 6, 2022 -
Courtesy of Voyage Foods
Voyage Foods gets $36M investment to scale up
The California company that recreates chocolate, peanut butter and coffee on a molecular level is planning product launches later this year.
By Megan Poinski • May 5, 2022 -
Permission granted by Sonoma Brands
Deep DiveLost and found: Brands neglected by large CPGs thrive under new ownership
Krave jerky, Funfetti baking products and Häagen-Dazs are just a few of the lines that have flourished after being divested, with their new owners spending more on marketing, innovation and improving product quality.
By Christopher Doering • May 3, 2022 -
Courtesy of Thomas Ashbourne Craft Spirits
Celebrity-created RTD cocktails hit shelves with new Thomas Ashbourne brand
The line, which features drinks designed by Sarah Jessica Parker and John Cena, among others, mixes trendy high-end spirits and entertainment icons.
By Megan Poinski • May 3, 2022 -
Permission granted by Fairlife
Coca-Cola and others agree to $21M settlement for Fairlife animal abuse lawsuits
In a statement, the dairy brand with $1 billion in annual sales outlined steps its supplying farms have taken to improve the welfare of their cows.
By Christopher Doering • May 3, 2022 -
Jamie McDonald via Getty Images
Consumers likely to 'trade down' to chicken as beef prices soar: report
A recent CoBank analysis found that poultry stands to benefit from more expensive red meat, despite facing high feed costs and a bird flu outbreak.
By Chris Casey • May 2, 2022 -
Courtesy of Lavazza
Lavazza enters US ready-to-drink coffee market with its latest launch
The 127-year-old Italian company spent two years studying the crowded space in an effort to create an organic, low-calorie offering that was "distinctive and unique."
By Christopher Doering • April 29, 2022 -
Megan Quinn/Food Dive
Meatpackers push back against lawmakers' price-fixing charges
At a recent Congressional hearing this week, leaders of Tyson, JBS and Cargill argued that market forces, not consolidation, were to blame for higher meat prices.
By Chris Casey • April 29, 2022 -
Baltimore County Government. (2018). [Photograph]. Retrieved from Flickr.
McCormick's diverse supplier network helps shield it from Ukraine impacts
No single raw material makes up more than 5% of the company's total cost of goods sold, according to CFO Mike Smith.
By Alejandra Carranza • April 28, 2022
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