Finances and Deals: Page 2
-
Adene Sanchez via Getty Images
Food prices prompting a ‘consumer revolution’ through intricate homemade dishes
As inflation continues, a Circana expert said people are looking for more opportunities to bring a restaurant experience in home.
By Chris Casey • May 20, 2024 -
Courtesy of GOOD Meat
Eat Just’s Good Meat becomes first cultivated item on retail shelves
The offering, which is available in Singapore, uses 3% of cultivated chicken cells. It allows the company to lower production costs and sell the product at a competitive price.
By Elizabeth Flood • May 17, 2024 -
Mario Tama via Getty Images
CPG promotional activity unevenly impacts packaging suppliers
Boxboard producers stand to benefit the most as consumer packaged goods companies shift away from their recent “value over volume” strategy, according to a Truist Securities analyst.
By Katie Pyzyk • May 17, 2024 -
Courtesy of Throne Sport Coffee
ColumnThe Weekly Sip: NFL’s Patrick Mahomes enters RTD iced coffee | Diageo steeps itself in Smirnoff tea
The Kansas City Chiefs quarterback aims to score with a better-for-you beverage offering, and canned hard tea brand Loverboy seeks to make a splash with its Walmart launch.
By Chris Casey • May 16, 2024 -
Courtesy of Constellation Brands
Constellation buys Santa Barbara vineyard in higher-end wine push
The beverage giant purchased California-based Seasmoke’s pinot noir and chardonnay as it builds its portfolio of premium wines.
By Chris Casey • May 14, 2024 -
Courtesy of Beyond Meat
Beyond Meat CEO sees 2024 as a ‘pivotal year’ despite grim Q1 results
The plant-based pioneer had its eighth straight quarter of revenue declines, but Ethan Brown is confident sales will pick up in the second half of the year.
By Elizabeth Flood • May 10, 2024 -
Justin Sullivan via Getty Images
B&G Foods exploring sale of Green Giant frozen, canned vegetable businesses
The Crisco and Ortega owner is considering divestitures representing 10% to 15% of its consolidated net sales to focus its operations and lower its debt.
By Christopher Doering • May 9, 2024 -
Courtesy of Meati Foods
Meati bucks trend and gets $100M funding boost
While the alternative meat sector has been struggling to raise funds, the company is on its way to its goal of becoming a household name.
By Elizabeth Flood • May 8, 2024 -
Drew Angerer via Getty Images
Tyson Foods posts mixed earnings as chicken shows momentum
Executives issued a cautious outlook for the rest of the fiscal year due to higher commodity costs and demand uncertainty.
By Nathan Owens • May 7, 2024 -
Courtesy of Impossible Foods
Impossible Foods CEO on the importance of first impressions
With headlines circulating around the declining sales in the plant-based category, Peter McGuinness believes it’s “ill-defined.”
By Elizabeth Flood • May 7, 2024 -
Courtesy of Kellanova
Kellanova’s ‘stronger commercial plans are taking hold’ after raising prices, CEO says
The Pringles and Cheez-It maker outperformed Wall Street expectations but faced headwinds from a decline in volumes in its most recent quarter.
By Chris Casey • May 7, 2024 -
Christopher Doering/Food Detective
Kraft Heinz sells TGI Fridays frozen appetizers for perpetuity under revised deal
The restaurant brand is “an important part” of the packaged food company’s portfolio and “a growth driver” for its North American business, a top executive said.
By Christopher Doering • May 6, 2024 -
Christopher Doering/Food Detective
Just Ice parent shifting scarce resources to fast-growing tea, pulling back on snacks
Eat the Change started selling environmentally friendly, nutrient-dense treats before moving into beverages in 2022 after Coca-Cola discontinued its organic Honest tea brand.
By Christopher Doering • May 6, 2024 -
Courtesy of Poppi
Healthy soda brand Poppi denies being M&A target of large beverage companies
The drink, introduced in March 2020, is posting triple-digit growth as it benefits from surging consumer interest in better-for-you offerings.
By Christopher Doering • May 2, 2024 -
Permission granted by Impossible Foods
Impossible Foods secures ‘highly anticipated’ retail deal with Whole Foods
CEO Peter McGuinness told Food Detective that though the company was “late to the game in retail,” the launch will help its plant-based chicken products be as available as possible.
By Elizabeth Flood • April 30, 2024 -
Permission granted by Mondelēz International
ColumnLeftovers: Oreo goes sour | Campbell Soup’s Late July chip dips back into salsa
Mondelēz International leverages its Sour Patch Kids brand to create an unusual flavor combination and General Mills launches a “guilt-free” donut.
By Food Detective Staff • April 26, 2024 -
Christopher Doering/Food Detective
Mondelēz seeks to work with tech startups focused on ingredients, packaging and sustainability
The snacking giant said the companies it partners with as part of its incubator program will provide early access to new capabilities to develop breakthrough products and platforms.
By Christopher Doering • April 24, 2024 -
Christopher Doering/Food Detective
Coca-Cola to spend $1.1B to use Microsoft’s cloud, AI services
The beverage giant is exploring the use of the technology to streamline its operations, foster innovation, boost efficiency and discover growth opportunities.
By Christopher Doering • April 23, 2024 -
Permission granted by Hydrox
Hydrox planning antitrust lawsuit against Oreo parent Mondelēz
The cookie’s owner, Leaf Brands, accuses the snacking giant of intimidating retailers and instructing workers who restock shelves to hide, misplace or move Hydrox to less desirable locations.
By Christopher Doering • April 22, 2024 -
Permission granted by Canopy Growth
Constellation Brands distances itself from cannabis company Canopy Growth
The Modelo brewer is converting its shares and withdrawing from the cannabis producer’s board, its latest move to distance itself from its failed $4 billion investment.
By Chris Casey • April 22, 2024 -
AlexRaths via Getty Images
Glanbia buys Flavor Producers for $300M
The Irish ingredients company said the acquisition will enhance its organic and natural flavor capabilities in the U.S.
By Chris Casey • April 18, 2024 -
Retrieved from Schwan's.
Red Baron pizza owner looks to Korean food for its next $1B offering
Sales from its Bibigo brand, which offers everything from fried rice to frozen dumplings, have jumped more than 1,100% since 2019 amid growing demand for the East Asian cuisine.
By Christopher Doering • April 17, 2024 -
Permission granted by Daring Foods
Daring’s new CEO sees the company as a ‘bright spot’ in a contracting category
The plant-based chicken producer is focusing on profitability while bringing a clean ingredient product to the masses.
By Elizabeth Flood • Updated April 15, 2024 -
Mario Tama/Getty Images via Getty Images
Constellation outperforms Wall Street estimates amid beer boost
While the alcohol giant’s margins in the category are improving, it also saw an 8% decline in its wine and spirits portfolio last quarter.
By Chris Casey • April 12, 2024 -
Courtesy of Sèchey x Target
Sèchey expands curated nonalcoholic beverage range at Target
Brands now part of the big-box retailer’s assortment of alcohol alternatives include Kin Euphorics, Ghia, De Soi, Mingle, Free AF and Edna’s.
By Howard Ruben • April 10, 2024
Previous
