Corporate Operations: Page

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    Spencer Platt via Getty Images
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    Wheat's inflationary year

    Food prices rise in January, led by flour and baked goods

    Five of the six major food groups saw increases in January, with meat, poultry and eggs seeing the greatest 12-month increase, according to the latest Consumer Price Index data.

    By • Feb. 14, 2022
  • Dreyer's Grand Ice Cream
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    Permission granted by Dreyer's Grand Ice Cream
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    After divestiture by Nestlé, sales heating up at Dreyer's Grand Ice Cream

    The company, which posted its fastest growth rate in years in 2021, is investing half a billion dollars to boost manufacturing, marketing and innovation for brands like Häagen-Dazs and Drumstick.

    By • Feb. 14, 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
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    Courtesy of International Flavors & Fragrances
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    IFF adds Icahn-recommended member to board

    Church & Dwight Chief Marketing Officer Barry Bruno will be one of eight new board members of the ingredients giant, which will also get a new CEO next week.

    By • Feb. 10, 2022
  • Utz chips and pretzels
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    Megan Poinski/Food Dive
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    Utz Brands names CIO, adding to C-suite overhaul

    Satyaki Lodh will focus on helping the snack food company absorb acquisitions and expand nationally.

    By Naomi Eide • Feb. 10, 2022
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    "Tysons Food Donation 2012" by Central Texas Food Bank is licensed under CC BY-ND 1.0
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    Tyson's profits soar amid higher meat prices

    Shares of the company hit an all-time high this week after it reported that demand for its meat products has not eased despite price increases.

    By • Feb. 9, 2022
  • A grocery store's baking aisle is out of flour in June 2020.
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    Megan Poinski/Food Dive
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    Empty shelves sapped food retailers of $82B in CPG sales last year

    Lost revenue opportunities peaked during the fall, when surging COVID-19 infections depressed on-shelf availability and pushed unrealized sales to $1.7 billion per week, according to data from NielsenIQ.

    By Sam Silverstein • Feb. 9, 2022
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    Permission granted by Everything Legendary
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    Plant-based burger Everything Legendary raises $6M with backing from General Mills

    Entrepreneur Russell Simmons also became a senior advisor to the Maryland-based brand, which was jumpstarted with a 2021 appearance on "Shark Tank."

    By • Feb. 8, 2022
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    Getty Images
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    Deep Dive

    Why famous people are joining food tech advisory boards

    Hollywood A-listers including Leonardo DiCaprio and Ashton Kutcher, former government officials and other household names are working with companies, lending their expertise and cachet.

    By • Feb. 8, 2022
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    Permission granted by Hormel Foods
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    Hormel Foods' snack brands thrive behind 'transformative' $3.35B Planters buy

    The acquisition, the largest in the company's 131-year history, immediately became its biggest brand and opened up shelf space for other offerings in its portfolio.

    By • Feb. 7, 2022
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    Courtesy of The Icelandic Milk and Skyr Corporation
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    Lactalis CEO Philippe Palazzi leaves dairy giant amid disagreement over strategy

    The owner of Stonyfield and Siggi's offered few details on the departure except to note that the outgoing leader "made it possible to achieve the financial objectives" it set out for 2021.

    By • Feb. 7, 2022
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    Christopher Doering/Food Dive
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    Mondelēz picks insider as North American president as Glen Walter heads to Tropicana

    Gustavo Valle will run the $8.3 billion business overseeing brands such as Oreo and Ritz in the U.S. and Canada, starting March 1.

    By • Feb. 7, 2022
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    Brian Ach via Getty Images
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    Tyson breaks ground on $355M bacon plant in Kentucky that will create 450 jobs

    The meat and poultry processor will use the facility to make the pork product for its Wright and Jimmy Dean brands as demand for the protein increases.

    By • Feb. 3, 2022
  • Chobani, milk
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    Courtesy of Chobani
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    Chobani deepens presence in dairy with move into milk, half and half

    The new products will give the company access to markets collectively worth nearly $3 billion while further diversifying its product mix beyond its iconic Greek yogurt.

    By • Feb. 3, 2022
  • Nestle, Orgain
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    Courtesy of Orgain
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    Nestlé to buy majority stake in protein powder maker Orgain

    The deal accelerates the CPG giant's push to grow its health and wellness business while selling parts of its slower-growing food and beverage division.

    By • Feb. 3, 2022
  • Medicated Bud Bites, from a trademark lawsuit filed by Nerds manufacturer Ferrara.
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    Retrieved from U.S. District Court, Northern District of Illinois.
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    Ferrara wins lawsuit banning look-alike THC-laced Nerds

    The ruling — in which edibles maker Higharchy has been directed to pay all profits from the copycat products to the Chicago confectioner — is the latest in a string of defeats for marijuana candy companies.

    By • Feb. 2, 2022
  • A variety of Godiva Valentine's Day chocolates.
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    Permission granted by Godiva
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    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 • Feb. 2, 2022
  • Kalera lettuce
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    Courtesy of Kalera AS
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    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
  • olipop, functional soda
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    Courtesy of Olipop
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    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 • Feb. 1, 2022
  • Mondelez International
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    Permission granted by Mondelez International
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    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 • Jan. 31, 2022
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    Tim Boyle via Getty Images
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    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 • Jan. 31, 2022
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    Courtesy of Cargill
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    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 • Jan. 28, 2022
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    Sean Gallup via Getty Images
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    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 • Jan. 26, 2022
  • Ben & Jerry's Chubby Hubby ice cream
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    Courtesy of Ben & Jerry's
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    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 • Jan. 25, 2022
  • Molson Coors, Coca-Cola, Simply
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    Courtesy of Molson Coors
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    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 • Jan. 25, 2022
  • Members of the Upside Foods and Cultured Decadence teams.
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    Permission granted by Upside Foods
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    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 • Jan. 25, 2022