Corporate Operations: Page
-
Permission granted by The Giant Company
The Giant Company to test technology to boost brands in the alcohol aisle
The grocer's SocialShelf platform will help customers navigate the category in-store, particularly for "upscale wine and high-end craft beer," a company spokesperson said.
By Catherine Douglas Moran • Nov. 24, 2021 -
Permission granted by Mondelez International
Mondelēz to spend $123M on Virginia location expansion
The investment will fund construction of a new sales fulfillment center and the installation of a high-speed Oreo production line.
By Christopher Doering • Nov. 22, 2021 -
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 Greenleaf Foods
What's behind the slowdown in plant-based meat sales?
With major companies posting lower-than-expected revenues, the once-hot sector is looking less appealing to investors. Three analysts give their take on what happened and the segment's future.
By Megan Poinski • Nov. 22, 2021 -
adobe stock/ZinetroN
Sponsored by Comarch, Inc.Why automated sales reporting leads to better decision-making
Eliminate manual, unharmonized reporting, and develop advanced short and long-term strategies and make much better business decisions.
By Aneta Dyńka, Business Solution Manager • Nov. 22, 2021 -
Courtesy of J.M. Smucker
J.M. Smucker to build $1.1B plant for Uncrustables, creating up to 750 jobs
The Alabama facility will contribute to the company's goal of growing the brand over the next five years to about $1 billion in annual net sales.
By Christopher Doering • Nov. 19, 2021 -
Matthew Stockman via Getty Images
JBS enters cell-based meat with BioTech Foods acquisition and $100M investment
The world's largest meat company is the first to make an acquisition in the growing space, and plans to build a production facility in Spain and a cultivated meat R&D center in its home country of Brazil.
By Megan Poinski • Nov. 18, 2021 -
Courtesy of Chobani
Chobani reveals surging sales as it moves closer to IPO
The Greek yogurt maker, which plans to list on the Nasdaq under the symbol "CHO," posted revenue of $1.4 billion in 2020 with losses of $58.7 million, according to an SEC filing.
By Christopher Doering • Nov. 17, 2021 -
Permission granted by Sanderson Farms
Sanderson and Wayne Farms merger 'an opportunity that doesn't come along very often,' CEO says
Clint Rivers said the new company — which would be the third-largest U.S. poultry processor after the deal closes — will benefit from expansion into new categories and growing demand for chicken.
By Christopher Doering • Nov. 17, 2021 -
Courtesy of Del Monte Foods
Del Monte Foods doubles down on upcycled foods by reusing pineapple juice
The fruit and vegetable company said two of its Fruit Infusions cups have been declared Upcycled Certified and would redirect about 130,000 pounds of the liquid annually.
By Christopher Doering • Updated April 20, 2022 -
Retrieved from General Mills.
General Mills considering sale of Progresso, Hamburger Helper for $3B, Bloomberg reports
The CPG giant is working with Goldman Sachs on a potential sale, which also could include some smaller brands in its portfolio.
By Christopher Doering • Nov. 11, 2021 -
Courtesy of Beyond Meat
Beyond Meat shares tumble after company reports lower-than-expected revenues
Several factors contributed to the plant-based meat leader missing its targets, CEO Ethan Brown said, but he is optimistic about the company's future.
By Megan Poinski • Nov. 11, 2021 -
Retrieved from Dot's Homestyle Pretzels.
Hershey buys Dot's Homestyle Pretzels and its co-manufacturer for $1.2B
CEO Michele Buck calls the company's second-largest deal a "growth play" as the CPG giant expands its portfolio beyond confections into salty snacks popular with consumers.
By Christopher Doering • Nov. 10, 2021 -
Courtesy of Drinkworks
How the 'Keurig for cocktails' is tapping into rising home demand
Drinkworks, which makes beverages like White Russians and mojitos from pods, used COVID-19 to expedite its nationwide rollout, grow drink offerings and quicken the development of its new machine.
By Christopher Doering • Nov. 9, 2021 -
Courtesy of Schwan's Company
OpinionHow the rise in grocery e-commerce is reshaping food marketing
From creative sampling to building digital shelves, CPGs need innovative solutions to capture consumers who are scrolling instead of strolling, writes Schwan's Roberto Rios.
By Roberto Rios • Nov. 9, 2021 -
Courtesy of Kroger
Kroger unveils collaborative cloud platform as CPGs race to meet retail's new mandates
The offering, utilized by food companies such as Conagra Brands, aims to use consumer data to help them make marketing decisions and keep pace with supply chain disruptions.
By Peter Adams • Nov. 8, 2021 -
Rey Del Rio via Getty Images
Labor crisis roils the food industryAs strike enters its sixth week, Kellogg wrestles with cereal supply
CEO Steve Cahillane told Bloomberg the company has begun importing product from overseas to keep supply flowing after the workers' union rejected its latest offer.
By Chris Casey • Nov. 8, 2021 -
Courtesy of The Real Good Food Company
Real Good Food exec says IPO will accelerate its possibilities
With the Nasdaq debut of the better-for-you frozen comfort food company, Executive Chairman Bryan Freeman is bullish on its next-generation approach to brand equity and growth potential.
By Megan Poinski • Nov. 8, 2021 -
Retrieved from TreeHouse Foods on July 01, 2016
TreeHouse Foods nixes sale but continuing to explore divestitures
The food maker said it is optimistic over the prospects for private label and that a sale of part of its meal preparations division would make its business less complicated.
By Christopher Doering • Updated March 14, 2022 -
Mario Tama via Getty Images
Court stays employer vaccine mandate
The 5th Circuit ordered the stay due to "grave statutory and constitutional issues with the Mandate."
By Kathryn Moody • Nov. 6, 2021 -
Permission granted by Greenleaf Foods
Maple Leaf plans review of plant-based division after sales declines
The Canadian meat giant will be looking at why consumers are less interested in purchasing its Lightlife, Field Roast and Chao brands, but did not say if it would consider selling them off.
By Megan Poinski • Nov. 5, 2021 -
Anna Moneymaker via Getty Images
OSHA: Employers have 60 days to mandate COVID-19 vaccines
It is a monumental — if expected — development for workplaces throughout the U.S. But expect the news on the emergency temporary standard to move fast.
By Ryan Golden • Updated Nov. 4, 2021 -
Courtesy of Upside Foods
Upside Foods opens plant capable of making 50K pounds of cultivated meat a year
The largest facility of its kind in North America, located near San Francisco, brings cell-based meat closer to reality.
By Megan Poinski • Nov. 4, 2021 -
Permission granted by Vita Coco
Once-hot food and beverage IPOs lose their sizzle as investor enthusiasm fades
A review of 13 companies that have gone public since July 2020 through traditional IPOs or mergers with SPACs show all but one of the listings are trading below where they first came to market.
By Christopher Doering • Nov. 2, 2021 -
David McNew via Getty Images
Food industry is unprepared for future freshwater shortages, report finds
An analysis by sustainability nonprofit Ceres found that Coca-Cola scored highest out of 38 food and beverage companies for addressing water risks.
By Chris Casey • Nov. 1, 2021 -
Retrieved from BodyArmor.
Coca-Cola buys rest of BodyArmor for $5.6B in company's largest-ever purchase
The beverage giant first acquired a 15% stake in 2018. The brand has since grown to become the second-best selling sports drink with $1.4B in sales, behind PepsiCo's Gatorade.
By Christopher Doering • Nov. 1, 2021
Previous
