Corporate Operations: Page 3
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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 -
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 -
Trendline
Mergers and acquisitions
While the days of transformational megadeals in the food and beverage sector have subsided, the value of M&A hasn’t lost its importance for many executives.
By Food Detective staff -
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 -
5 attention-grabbing products from the 2024 Sweets & Snacks Expo
Fish jerky, ramen-flavored popcorn, and gum with more caffeine than a cup of coffee were among the innovative products featured by 1,000 exhibitors.
By Christopher Doering • May 20, 2024 -
Column
The 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 -
United Sodas of America’s fight to invigorate an unloved category
The fast-growing beverage brand has distinguished itself from other sodas with a clean label, proprietary sweetener blend and minimalist packaging.
By Christopher Doering • May 15, 2024 -
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 -
Kraft Heinz’s Jell-O partners with Girl Scouts on pudding cups
The offerings, available in Thin Mints and Coconut Caramel cookie flavors, continue a broader push by the packaged food giant to innovate and expand its reach.
By Christopher Doering • May 14, 2024 -
Ferrero unwraps first chocolate factory in North America
The Bloomington, Illinois, expansion will make major brands like Kinder, Ferrero Rocher, Butterfinger and Crunch.
By Joelle Anselmo • May 13, 2024 -
Ferrero moves beyond mints and chocolate with Tic Tac Chewy
The fruit candy, with a crunchy exterior and softer inside, is the first product from the European sweets giant made exclusively for the U.S. It will appear on stores shelves in September.
By Christopher Doering • May 13, 2024 -
Kellanova to launch Pringles Mingles puffed snack
The offering, which hits shelves in October, comes as the snacking giant prioritizes innovating the $3.2 billion chip brand and other products within its portfolio.
By Chris Casey • May 13, 2024 -
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 -
Snickers owner Mars commits $47M to slash dairy emissions
The CPG giant is testing seaweed feed supplements and plans to open three "net zero" farms as it looks to halve its carbon footprint by 2030.
By Sarah Zimmerman • May 9, 2024 -
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 -
Column
The Weekly Sip: Canned cocktails boost AB InBev | Powerade puckers up with sour flavor
The brewer said RTD spirit-based drinks like Cutwater and Nütrl are offsetting losses in U.S. beer, and Waterloo’s latest sparkling water finds inspiration from libations like mojitos and rosé.
By Food Detective staff • May 9, 2024 -
Prioritizing growth, Caulipower names former PepsiCo exec as CEO
Tyler Ricks’ 30 years of experience in food and beverage includes work with brands eventually acquired by large CPG firms, such as Plum, Bear Naked and Yasso.
By Christopher Doering • May 8, 2024 -
The Ozempic effect is real: Study zeroes in on GLP-1 users’ food needs
Food startups have an opportunity to jump on the snacking needs of this new demographic with products focused on protein, portion size and hydration.
By Jennifer Lawinski • May 8, 2024 -
Del Monte Foods boosts production, distribution of fast-growing bubble tea brand
Joyba's success comes amid broader momentum in the global bubble tea market, with sales projected to nearly triple to $6.2 billion by 2032.
By Christopher Doering • May 8, 2024 -
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 -
Butterfly splits Bolthouse Farms into two companies
Generous Brands, the new juice and protein drinks business, will be helmed by Kraft Heinz veteran Steve Cornell. Timothy Escamilla, former president of Dole Fresh Vegetables, was appointed CEO of Bolthouse Fresh Foods.
By Chris Casey • May 7, 2024 -
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 -
Food Detective
Surging air fryer popularity leads Nestlé, other CPG giants to rethink food
Once a novelty, the gadget’s presence in nearly two-thirds of U.S. homes has forced manufacturers to play catch-up and flood the market with compatible products.
By Christopher Doering • May 7, 2024 -
Mondelēz brings $1B Chips Ahoy! brand into gluten-free category
The snacking giant also sells Oreos that avoid the wheat protein as the company appeals to the 25% of Americans who adhere to the diet.
By Christopher Doering • May 6, 2024 -
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 -
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