Finances and Deals
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Permission granted by Pladis
Godiva owner poised to top $1B in US sales with a slimmed-down portfolio
A Pladis executive says the company has rapidly grown sales through the ultra-premium chocolate and other brands, such as Turtles and Flipz, by being “more comfortable with risk” than its competitors.
By Christopher Doering • June 24, 2024 -
Courtesy of Garage Beer
ColumnThe Weekly Sip: Jason and Travis Kelce join Garage Beer | DavidsTea brings a spark to RTD drinks
The NFL stars have become co-owners of the Ohio-based light beer, and New Jersey’s Asbury Park Brewery is using AI to create its latest offering.
By Food Detective staff • June 20, 2024 -
Courtesy of Ahold Delhaize USA
Kellanova to make Cheez-It crackers with regenerative wheat for East Coast grocery stores in unique pilot
Ahold Delhaize USA, owner of Food Lion, Giant Food and Stop & Shop, is teaming with the snacking giant and grain cooperative Bartlett to reduce emissions from field to shelf.
By Sarah Zimmerman • June 18, 2024 -
Courtesy of Tender
Plant-based startup Tender secures deal with fast food chain
The Boston company is using newly acquired cash to expand into restaurants and innovate with new products.
By Elizabeth Flood • June 18, 2024 -
Courtesy of Athletic Brewing
Athletic Brewing buys second San Diego facility
The nonalcoholic beer category leader is expanding its manufacturing footprint in order to capitalize on the growth of its brews.
By Chris Casey • June 17, 2024 -
Courtesy of BlueTriton Brands
Primo, Poland Spring owner BlueTriton agree to water merger
The new company, which expects to have combined net revenues of $6.5 billion, will serve millions of consumers across different product formats, channels, price points and usage occasions.
By Christopher Doering • June 17, 2024 -
Courtesy of Nestle
Nestlé taps into limited-time offerings to boost relevance of DiGiorno pizza
Products with unique toppings tied to the Deadpool & Wolverine movie are designed to increase shelf space and deepen the brand’s relationship with consumers, the food company said.
By Christopher Doering • June 17, 2024 -
Permission granted by Lotus Bakeries
Mondelēz CEO says Biscoff will play “unique role” in snack giant’s portfolio
The packaged goods company recently partnered to develop products combining Biscoff's taste and texture with Mondelēz’s chocolate brands.
By Christopher Doering • June 17, 2024 -
Courtesy of GoodPop
ColumnLeftovers: GoodPop refreshes ice pops with electrolytes | ‘TikTok’s First Family’ debuts new popcorn flavors
The frozen treats maker launched Hydrating Freezer Pops, while Tyson leans into home cooking with its latest chicken products.
By Food Detective staff • June 14, 2024 -
Permission granted by Accolade Wines
ColumnThe Weekly Sip: L.A. Libations to launch startup beverage incubator | Dolly Parton, Snoop Dogg debut alcohol offerings
The incubator announced a new venture to help brands grow quicker, and the music superstars aim to impress drinkers with their latest products.
By Food Detective staff • June 13, 2024 -
Lauren DeCicca via Getty Images
From lager to leaf: Behind Green Thumb’s bid for Boston Beer merger
Joining forces could allow the new entity to innovate in categories including edibles and drinks, the cannabis company’s CEO said.
By Chris Casey • June 13, 2024 -
Courtesy of Mondelez International
Mondelēz and Biscoff owner Lotus Bakeries partner to develop new products
The companies will create offerings that meld the flavor and texture of the popular cookie with Mondelēz's Cadbury, Milka and other chocolate brands.
By Christopher Doering • June 13, 2024 -
Retrieved from La Colombe.
Q&AInside Chobani’s integration of its $900M acquisition of La Colombe
The Greek yogurt giant has spent $30 million to improve its La Colombe plant in Michigan and to increase pay and benefits for the coffee brand’s workforce.
By Christopher Doering • June 12, 2024 -
Permission granted by The Better Meat Co.
The Better Meat Co. reduces its mycelium production costs by 30%
The Sacramento, California-based company is looking to provide its Rhiza ingredient to large food companies at scale with its new production process.
By Elizabeth Flood • June 11, 2024 -
Scott Olson via Getty Images
Prop 12 offsets ‘big pop’ in pork market, expert says
Increased demand from Mexico and other trading partners is keeping prices afloat as domestic consumption sags.
By Nathan Owens • June 10, 2024 -
Megan Poinski/Food Detective
OpinionCan agile supply chains ease pressures for FMCGs?
To best navigate the fallout of geopolitical conflicts, inflation and unpredictable demand, CPGs should look toward cultivating an adaptable strategy.
By Katy Gallagher • June 5, 2024 -
Justin Sullivan via Getty Images
Chobani founder and CEO buys Anchor Brewing
Billionaire Hamdi Ulukaya purchased the oldest craft brewery in the U.S., which closed last year, for an undisclosed amount.
By Chris Casey • June 3, 2024 -
Courtesy of BodyArmor Sports Nutrition
Q&AInside the nonalcoholic beverage incubator big and small companies turn to for advice
L.A. Libations, which has served as an accelerator for Body Armor, Core and Athletic, has a reputation for spotting trends and helping nascent brands navigate the growing popularity of booze-free drinks.
By Christopher Doering • June 3, 2024 -
Courtesy of Hormel
Turkey pressures Hormel profits
Despite challenges from bird flu and inflation weighing on its sales, the Minnesota-based company saw gains in Planters, Corn Nuts and other snacks.
By Chris Casey • May 31, 2024 -
Fascinadora via Getty Images
CoreFX Ingredients acquires dry powder company Connoils
The ingredients supplier is preparing to expand its R&D efforts and customer reach with the addition to its portfolio.
By Elizabeth Flood • May 30, 2024 -
Courtesy of Lactalis USA
How Lactalis brought new life to Kraft natural cheese after $3.2B purchase
After acquiring the unit in 2021, the Parmalat maker spent months studying the brands to identify growth opportunities and unique innovations it could bring to the market.
By Christopher Doering • May 30, 2024 -
Permission granted by Suja Life
Suja Life to relaunch cult classic soda Slice with gut health reformulation
The new iteration of the lemon-lime drink, first launched by PepsiCo in 1984, will compete with prebiotic carbonated sodas like Poppi and Olipop.
By Chris Casey • May 29, 2024 -
Courtesy of Gutzy
Gutzy taps into gut health craze with prebiotic pouches
The brand, which launched in 2019, aims to dominate the prebiotic snacks lane as consumers continue to prioritize wellness.
By Chris Casey • May 21, 2024 -
Tim Boyle via Getty Images
Nestlé debuts new brand for consumers using GLP-1 drugs, managing weight
Vital Pursuit is the first major U.S. brand to be launched by the food giant in nearly three decades. The line’s frozen pizza, sandwiches and bowls will reach stores by October.
By Christopher Doering • May 21, 2024 -
Drew Angerer / Staff via Getty Images
On Special: Chicken sales cook as prices fall
Grocers are leaning into the protein as it continues to resonate with price-sensitive shoppers.
By Catherine Douglas Moran • Updated May 20, 2024
