Corporate Operations: Page 4
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Courtesy of Mondelez International
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 -
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 -
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 -
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 Fresh Del Monte
ColumnLeftovers: Fresh Del Monte pineapples turn red | Little Bites get a little less sweet
The unique fruit resulted from crossbreeding different varieties in Costa Rica, and General Mills purchases regeneratively grown almonds for its latest snack bar.
By Food Detective staff • May 3, 2024 -
Permission granted by Jones Soda
How reclassifying marijuana could benefit beverages
The U.S. Drug Enforcement Administration is set to reclassify the drug as Schedule III, which experts say could help companies in the space increase their cash flow and innovation because of looser taxation.
By Chris Casey • May 2, 2024 -
Courtesy of Dogfish Head Craft Brewery
ColumnThe Weekly Sip: Dogfish Head splashes into summer with margarita | Suntory rebrands with RTD spirits push
The brewer’s latest tequila cocktail offering contains 12% alcohol by volume, and Health-Ade’s SunSip prebiotic soda refreshes its lineup with a Lemon Lime flavor.
By Food Detective staff • May 2, 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 -
Courtesy of Walmart
Walmart adds new grocery line to private brands portfolio
The retailer said its new bettergoods line includes 300 items and marks its largest private brand food launch in 20 years.
By Catherine Douglas Moran • May 1, 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 -
Courtesy of Kraft Heinz
Velveeta launches queso in a jar, new Shells & Cheese varieties
The food giant has introduced innovations for several of its biggest brands during the last year as it looks to generate $2 billion in incremental net sales by 2027.
By Christopher Doering • April 30, 2024 -
Sandra Mu via Getty Images
Traces of bird flu detected in 1 in 5 grocery store milk samples: FDA study
The findings come as avian influenza continues to spread in U.S. dairy herds, with a ninth state reporting a positive case.
By Nathan Owens • April 29, 2024 -
Courtesy of Campbell Soup
An inside look at the innovation of Campbell Soup’s $1B Goldfish crackers brand
The company is using different textures, sizes and limited-time offerings to maintain the 62-year-old brand’s relevance amid an abundance of snack options.
By Christopher Doering • April 29, 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 -
Justin Sullivan via Getty Images
How Heineken is using AI to gain a competitive advantage
The Dutch brewer is among the first companies to utilize Stravito's new artificial intelligence chatbot that helps enhance its market research capabilities.
By Chris Casey • April 23, 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 -
Courtesy of Lindt
Lindt expands plant-based portfolio with Lindor Oatmilk Truffles
The spherical confections are the second non-dairy product in the Lindt collection following the 2022 launch of its bars.
By Christopher Doering • April 23, 2024 -
Courtesy of Boston Beer
Boston Beer fuses beer and seltzer flavors in nonalcoholic offering
The maker of Sam Adams is using the new booze-free product as a launchpad for nationwide direct-to-consumer shipping.
By Chris Casey • April 22, 2024 -
Courtesy of Grupo Bimbo
Entenmann’s parent Grupo Bimbo names Rafael Pamias as CEO
The bakery giant is overhauling its C-suite with the former Danone executive to improve its corporate governance and operations following a prolonged period of growth.
By Christopher Doering • April 22, 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 -
Permission granted by Primal Kitchen
ColumnLeftovers: Kraft Heinz makes fast food sauces better-for-you | Go Go Squeez recharges with electrolyte snacks
Primal Kitchen’s condiments aim to complement chicken nuggets and burgers, and Blue Bunny swirls into unique ice cream creations with Twist pints.
By Food Detective staff • April 19, 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 -
Courtesy of Nestle
ColumnThe Weekly Sip: Nestlé unveils recyclable Nesquik sleeves | Jim Beam goes from barrel to can with RTD cocktails
The CPG giant’s new packaging is compatible with the U.S. recycling stream, and Fable aims to enchant THC-infused beverage drinkers with its botanical hemp delta-9 offerings.
By Chris Casey • April 18, 2024 -
Scott Olson via Getty Images
General Mills plans to cut dairy emissions 40% by end of decade
The cereal giant is more than halfway to its goal of enrolling 1 million acres in its regenerative agriculture plan, according to the latest corporate sustainability report.
By Chris Casey • April 18, 2024 -
Courtesy of PepsiCo
Pepsi debuts limited-edition peach and lime flavors for summer
The sodas, which are targeted toward consumers grilling outdoors, further the beverage giant’s strategy to pair its drinks with certain foods and occasions.
By Christopher Doering • April 18, 2024
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