Corporate Operations: Page 99
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Permission granted by Kind Healthy Snacks
VMG Partners raises $850M for new growth fund
The private equity firm has bet on a number of startups that grew into major brands, including Kind, Bare Snacks, Daily Harvest and Pirate Brands.
By Lauren Manning • March 8, 2021 -
Permission granted by Mondelez International
Mondelez targets new plastic use in packaging
The snacks giant, which aims to reduce use of the virgin material in its packaging portfolio by 2025, has also called for a "reasonable" federal recycling scheme for flexible films.
By Barbara Smith • March 7, 2021 -
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 Nestle
Nestlé buys functional beverage maker Essentia Water
The purchase comes just two weeks after the CPG giant sold its North American bottled water business to private equity firms for $4.3 billion to focus on premium offerings in the category. Financial details were not disclosed.
By Christopher Doering • March 5, 2021 -
Courtesy of Hershey
ColumnLeftovers: New Reese's cups double down on peanut butter; Follow Your Heart boldly enters baking
Hershey's beloved brand makes a chocolate-free variety, and Halo Top pops into a new category with a less-sugary treat.
By Food Dive staff • March 5, 2021 -
Courtesy of Canopy Growth
Canopy Growth to sell CBD-infused sparkling water online in US
The cannabis producer told CNBC it plans to bring the Quatreau brand to store shelves in 2021, though it did not say when the debut would take place.
By Christopher Doering • March 4, 2021 -
B&G Foods' sales growth slowed because of inflation and shortages
Green Giant sales were flat because a poor growing season and pandemic-heightened demand have reduced the amount of product the company can make.
By Megan Poinski • March 4, 2021 -
Courtesy of Forager Project
Danone-backed Forager Project launches line of plant-based cheeses
The family-owned business is the latest company to enter the increasingly crowded segment where large CPGs and smaller startups already have products on the market.
By Lauren Manning • March 3, 2021 -
Courtesy of Snow Days
New frozen snack brand seeks to replicate the joy of Snow Days
Launched under the HumanCo platform by entrepreneur and businessman Jason Karp, the new pizza bites line is better-for-you, gluten free, organic — and aims to shake up the comfort food segment.
By Megan Poinski • March 3, 2021 -
Hershey unveils new goals to address climate change
The confectionary and snacks company aims to reduce its direct and indirect emissions and make 100% of its plastic packaging recyclable, reusable or compostable by 2030.
By Barbara Smith • March 3, 2021 -
Post settles sugary cereal lawsuit for $15M and agrees to drop health-focused label claims
The cereal maker will stop using terms including "no high fructose corn syrup," "less processed," "wholesome," "smart" and "nutritious" on products with at least 10% of calories coming from the sweetener.
By Lauren Manning • March 2, 2021 -
Danone board ousts CEO, chairman amid pressure from activists
The immediate departure of Emmanuel Faber comes as critics question the yogurt and bottled water company's strategy and languishing share price.
By Christopher Doering • Updated March 15, 2021 -
Permission granted by Pepsi
Pepsi deploys customized voice-overs to balance personalization, reach in Zero Sugar push
The soda maker is targeting middle-aged men as beverages that eschew the popular sweetener play a bigger role in its growth strategy.
By Peter Adams • March 1, 2021 -
Courtesy of J.M. Smucker Co.
Smucker to cut 80 jobs closing Virginia coffee plant in 2022
The closure was announced along with a liquid coffee business partnership with JDE Peet's.
By Megan Poinski • Updated March 25, 2021 -
Deep Dive
Let's make a deal: How Nestlé is using M&A and multibillion-dollar divestitures to shape its portfolio
With more than $30 billion in transactions since 2018, the world's largest food company is refocusing its offerings on faster-growing categories popular with consumers.
By Christopher Doering • March 1, 2021 -
Courtesy of Kraft Heinz
Kraft Heinz pilots recycled plastic packaging as roofing material
If the post-consumer plastic boards being tested on two factories work well, the CPG company may someday be repairing its facilities with packaging from the products it makes.
By Megan Poinski • Feb. 26, 2021 -
Courtesy of Klondike
ColumnLeftovers: What would you do for a Klondike Cone? Cheez-It explodes into a new snack
The Unilever-owned ice cream treat adds two new portable formats, and dairy proteins are used to create a kid-targeted hydration drink.
By Food Dive staff • Feb. 26, 2021 -
Permission granted by Beyond Meat
Beyond Meat signs global partnerships with McDonald's and Yum Brands
The plant-based meat producer will be the "preferred supplier" for the patty in the planned McPlant sandwich, and is creating menu items for KFC, Taco Bell and Pizza Hut.
By Alicia Kelso • Feb. 26, 2021 -
Courtesy of PepsiCo
PepsiCo launches line of cocktail mixers as drinking at home surges
The nonalcoholic Neon Zebra brand can be used in margaritas, mojitos and other beverages. The offering is the latest drink from the beverage giant targeting new consumption occasions.
By Christopher Doering • Feb. 26, 2021 -
Clif Bar plans to double its sales and positive environmental impact
The health bar brand is adding 50 new roles in analytics and innovation, while cutting approximately 125 others as it leans further into sustainability to stay relevant.
By Barbara Smith • Feb. 25, 2021 -
Courtesy of ChickP
ChickP strikes partnership with Socius Ingredients as part of US product rollout
The 90% chickpea isolate, which is being targeted for use in dairy alternatives, baked products and gluten-free foods, has a dense nutritional profile and neutral flavor.
By Christopher Doering • Feb. 25, 2021 -
Smithfield Foods, Bumble Bee among companies joining Consumer Brands Association
Two years after rebranding and overhauling its priorities, the trade group has seen a 35% increase in its membership ranks.
By Megan Poinski • Updated March 16, 2022 -
Permission granted by Elroy's Fine Foods
CBA, beverage group among largest donors to campaigns and lobbyists, study finds
Nonprofit organization Feed the Truth said the top 20 food industry trade associations have contributed at least $33.7 million in political donations since 2007 and spent $303.2 million in lobbying since 2008.
By Christopher Doering • Updated Feb. 26, 2021 -
Agrifood companies drew at least $26.1B in investments in 2020, report finds
AgFunder, a venture capital fund, found that all of last year's investments in the space may be more than a third above those received in 2019.
By Megan Poinski • Feb. 24, 2021 -
How Unilever is turning sustainability into opportunity
The CPG giant is using upcycling, a big plant-based commitment and initiatives to curtail food waste to save money and the environment, says Hanneke Faber, the company's president of foods & refreshment.
By Megan Poinski • Feb. 24, 2021 -
Courtesy of Moet Hennessy
Moët Hennessy buys 50% stake in Jay-Z's premium Champagne brand
The entertainer and businessman has been an owner of Armand de Brignac since 2006, which makes his ownership stake an "essential element of this alliance," the luxury brands powerhouse said. Financial details were not disclosed.
By Megan Poinski • Feb. 23, 2021
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