Corporate Operations: Page 98
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Retrieved from PepsiCo on April 23, 2019
How PepsiCo plans to increase gender, racial diversity in management by 2025
The snack and beverage giant has set a goal to increase Black representation in managerial roles 30% and Hispanic representation 10%.
By Sheryl Estrada • Nov. 2, 2020 -
Courtesy of Freshly
Nestlé buys Freshly, valuing meal delivery firm at $950M
The world's largest food manufacturer, which purchased a stake in the upstart in 2017, can bring its deep knowledge of customer trends, R&D capability and portfolio of brands to the better-for-you delivery business.
By Christopher Doering • Oct. 30, 2020 -
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 -
Keurig Dr Pepper restructures into coffee and cold drinks divisions
The company said the move allows leadership to focus on distinct marketing and innovation for consumers who are shifting their consumption habits.
By Jessi Devenyns • Oct. 30, 2020 -
Retrieved from Velocity Snack Brands on October 29, 2020
ColumnLeftovers: Popchips explode into grain-free snacks; Hormel cooks up bacon-scented masks
Air popped cassava and corn chips add another degree of health to the better-for-you brand, and Bel Group begins its plant-based cheese line with dairy-free Boursin.
By Food Dive staff • Oct. 30, 2020 -
Sanderson Farms rejects unsolicited takeover bid
Durational Capital Management proposed an acquisition for $142 per share, but the company said the offer "very substantially undervalues Sanderson."
By Lillianna Byington • Oct. 30, 2020 -
Courtesy of Barry Callebaut
Barry Callebaut introduces cacao fruit ingredients brand
Cabosse Naturals upcycles the traditionally wasted fruit into four ingredients: pulp, juice, concentrate and cascara flour made from its skin.
By Megan Poinski • Oct. 29, 2020 -
The image by Poyraz 72 is licensed under CC BY-SA 4.0
DouxMatok reveals manufacturing agreement with Canadian sugar company
The Israel-based sugar reduction company has been working with Lantic for two years. It said the ingredient will be available to North American manufacturers in 2021.
By Megan Poinski • Oct. 29, 2020 -
USDA photo by Preston Keres. (2017). "20170428-OSEC-PJK-1465" [photograph]. Retrieved from Flickr.
OSHA fines JBS, Conagra for violations during pandemic
A Missouri Conagra facility was cited with a $2,121 proposed penalty for its record-keeping, while a JBS plant in Wisconsin was fined $13,494 for workplace issues, including employees working too close.
By Lillianna Byington • Oct. 29, 2020 -
Permission granted by Mars
Q&AUsing science to progress food's future: Q&A with the VP of the Mars Advanced Research Institute
The industry has opportunities for innovation, food safety and increasing food security. Abi Stevenson talks about how her division is using research to try and improve all of those things — and more.
By Megan Poinski • Oct. 29, 2020 -
Lillianna Byington/Food Dive
The winners and losers for category sales during the first 7 months of the pandemic
From oat milk to mints, Food Dive used Nielsen data to examine the growth of food and beverage segments during the last 31 weeks compared to the same time period last year.
By Lillianna Byington • Oct. 28, 2020 -
Permission granted by Quinn
Hershey takes stake in snack maker Quinn for undisclosed amount
The investment will allow the candy giant to tap into the upstart's mission-focused goals, while allowing the 126-year-old company to further expand its reach into snacks.
By Christopher Doering • Oct. 28, 2020 -
Permission granted by Kind Healthy Snacks
Kind launches into energy bars with campaign against Clif
The company continues its feud with Clif Bar with this latest line, pushing consumers in a new advertisement to compare their ingredients.
By Lillianna Byington • Oct. 27, 2020 -
Permission granted by Meat-Tech 3D
Cell-based Meat-Tech 3D makes US IPO
The Israel-based company with the ticker symbol MITC has said the U.S. may be its primary market.
By Megan Poinski • Updated March 8, 2021 -
Thai Phi Le/Food Dive
Halloween candy sales are up, but pandemic is changing celebrations
As manufacturers have altered their approach, 90% of young parents say they cannot imagine Halloween without sweet treats, according to the National Confectioners Association.
By Jessi Devenyns • Oct. 27, 2020 -
JM Smucker sells Crisco to B&G Foods for $550M
The divestiture will allow the jam manufacturer to exit the U.S. baking category and focus more attention on growth areas such as pet food, coffee and snacking.
By Christopher Doering • Oct. 27, 2020 -
Permission granted by Planterra
How Planterra is bringing JBS into the plant-based space
The world's largest meat company entered the segment earlier this year, and the CEO of its new division says the category represents another option for consumers.
By Megan Poinski • Oct. 26, 2020 -
Nestlé moves to keep rights to sell California Pizza Kitchen's frozen line
The restaurant chain wants to reject its trademark contract with the Switzerland food giant, which acquired the license in 2010 from Kraft, as part of its bankruptcy restructuring.
By Jessi Devenyns • Oct. 26, 2020 -
Courtesy of Guinness
Guinness debuts a nonalcoholic version of its stout
The Diageo brand joins others, including Budweiser and Sam Adams, in introducing new alcohol-free brews.
By Christopher Doering • Oct. 23, 2020 -
Former Blue Bell CEO indicted on charges of covering up 2015 listeria outbreak
While charges against Paul Kruse were initially dismissed, he is now being accused of wire fraud and conspiracy by a federal grand jury.
By Megan Poinski • Oct. 22, 2020 -
Whole Foods forecasts upcycled foods, alcoholic kombucha among 10 trends for 2021
Elevating breakfast and expanding coffee-flavored products are also trends that will boom next year, according to predictions by the grocer's buyers and culinary experts.
By Rosie Bradbury • Oct. 22, 2020 -
Alcohol needs to carry a cancer warning, public health groups urge government
This is not the first time advocates have requested regulators reevaluate the warning label, but the current push provides fresh evidence that it may be gaining momentum.
By Jessi Devenyns • Oct. 22, 2020 -
Permission granted by Impossible Foods
Impossible Foods recruits scientists to double R&D department in 12 months
At a virtual press conference, the company announced plans to hire 100 more professionals from any research discipline and showed off a prototype of Impossible Milk.
By Megan Poinski • Oct. 21, 2020 -
Courtesy of BrightFarms
BrightFarms raises $100M to fund greenhouse expansion
The grower joins Revol Greens, AppHarvest and Plenty Unlimited in recent investments, as companies take advantage of consumer interest in local, sustainably grown food.
By Christopher Doering • Oct. 20, 2020 -
Christopher Doering/Food Dive
From privately held to publicly traded, should small companies take the plunge?
Going public provides greater exposure and more access to capital, but it comes with drawbacks such as regulatory requirements and short-term growth targets shunned by many CEOs.
By Christopher Doering • Oct. 20, 2020 -
Smithfield names insider as new CEO
Chief Operating Officer Dennis Organ will replace Kenneth Sullivan, who plans to retire in early 2021, inheriting a company trying to recover from the pandemic.
By Jessi Devenyns • Oct. 20, 2020
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