Campbell Soup’s move into snacks boosts sales amid flat results in soups and meals

The manufacturer of Goldfish and its namesake soups is aiming to accelerate growth through its purchase of Sovos Brands, the maker of fast-growing Rao’s sauces, for $2.7 billion.

By Christopher Doering • Aug. 31, 2023

Anheuser-Busch invests $22.5M in its Houston brewery

The Bud Light manufacturer said the money will go toward enhancing workplace safety, upgrading the plant’s cooling system and reducing electricity consumption.

By Christopher Doering • Aug. 29, 2023

Explore the Trendline➔

Mergers and acquisitions

Declining sales and slowing consumption have more companies divesting brands, opening the door for smaller players and private equity firms to expand their portfolios.  

By Food Dive staff

Hain Celestial’s CEO describes her ‘prove it’ strategy as challenges loom

Wendy Davidson, who took over in January, said the organic and natural products giant has reached “an inflection point” where the 30-year-old business can “unlock” its potential.

By Christopher Doering • Aug. 29, 2023

Pepsi celebrates 125 years: Inside the marketer’s media blitz

A campaign celebrating an anniversary milestone and past iconic ads doubles as the official introduction of the brand’s new logo.

By Peter Adams • Aug. 29, 2023

The Drinkable Company gives RTD coffee, tea and soda an added buzz with cannabis

The new brand from two beverage industry veterans is launching the products to meet consumers at different occasions, and is planning to launch on a state-by-state basis.

By Chris Casey • Aug. 25, 2023

Craft rum market poised to reach $2.5B by 2031

As young consumers prefer artisanal alcohol, the increased demand has created significant opportunities for small producers. 

By Chris Casey • Aug. 23, 2023

Imperfect Foods aims for sustainability-minded drinkers with wine partnership

In collaboration with beverage platform Drinks, the upcycled food and beverage retailer is selling wine that would have gone to waste or is produced with eco-friendly practices.

By Chris Casey • Aug. 22, 2023

American Beverage names veteran insider as new CEO

Kevin Keane has served in the role on an interim basis for the trade group, which represents Coca-Cola, PepsiCo and other beverage companies.

By Christopher Doering • Aug. 21, 2023

How Unilever’s Liquid I.V. is quenching a rise in thirst for hydration drinks

An executive with the electrolyte mix explained why the brand is launching new items with better-for-you attributes — and how its product line could evolve.

By Chris Casey • Aug. 17, 2023

Gen Z’s complicated relationship with food comes down to taste, affordability

Ketchum research found while sustainability, animal welfare and LGBTQ rights are important factors for these consumers, they are not significant purchase drivers.

By Christopher Doering • Aug. 16, 2023

A non-alcoholic revolution

The sustained upward momentum in alcohol alternative beverages is revolutionizing the beverage industry. 

By Simon O’Brien • Aug. 14, 2023

Flavor and ingredients provider IFF struggles as consumers cut back on spending

The company slashed its outlook and said volumes are not expected to recover in the second half of the year.

By Christopher Doering • Aug. 10, 2023

Food bankruptcies surging as companies struggle with shift in consumer habits, access to cash

Tattooed Chef and Do Good Foods are just two of the highest-profile firms to file in 2023, with analysts predicting further bankruptcies in plant based, sustainability and alternative agriculture.

By Christopher Doering • Aug. 9, 2023

Anheuser-Busch to sell 8 beer and beverage brands to pot company Tilray

The purchase for an undisclosed amount will elevate the Canadian firm to the fifth largest craft beer player in the U.S with brews such as Shock Top and Redhook.

By Christopher Doering • Aug. 8, 2023

Molson Coors expands further into bourbon with Blue Run Spirits acquisition

The deal, the beverage company’s first in the spirits space, is part of an aggressive multi-year effort to expand into other categories beyond beer.

By Chris Casey • Aug. 8, 2023

Beer controversy exacerbates 16% drag in Ardagh’s North American glass shipments

The company is progressing on a planned 15% net reduction in North American glass capacity amid market factors such as lower beer demand, including at customer AB InBev’s brand Bud Light.

By Maria Rachal • Aug. 2, 2023

Anheuser-Busch lays off hundreds of corporate employees

The job cuts follow months of declining sales for Bud Light, which was dethroned as the best-selling beer in the country after the controversy involving Dylan Mulvaney.

By Chris Casey • July 27, 2023

Kraft Heinz’s Maxwell House launches its first innovation in nearly a decade

The coffee brand’s Iced Latte with Foam, which is made by mixing together one of its packets with iced water, is aimed at consumers who want the premium beverage but also want to save time and money.

By Christopher Doering • July 26, 2023

How craft beer saturation led to Anchor Brewing’s demise

The oldest brewery in the U.S. fell victim to a crowded market and high costs as it tried to remain relevant to younger consumers, a Marcum executive told Food Dive.

By Chris Casey • July 25, 2023

With Coca-Cola and Nestlé dominating sparkling water, Mineragua finds its niche

The beverage, which competes with Topo Chico, San Pellegrino and other brands, has benefited as consumers gravitate toward better-for-you offerings while still wanting fizz.

By Christopher Doering • July 24, 2023

Keurig Dr Pepper pays $300M for 33% stake in La Colombe, strikes licensing deal

The beverage giant has been deepening its ties to fast-growing companies with a presence in premium and trendy offerings, having previously invested in Athletic Brewing and C4 Energy drink maker Nutrabolt.

By Christopher Doering • July 20, 2023

Nestlé debuts ‘breakthrough’ technology that reduces sugars in key ingredients

The CPG giant said it developed an enzymatic process that cuts intrinsic levels of the sweetener in ingredients such as malt, milk and fruit juices by up to 30%, with a minimal impact on taste and texture. 

By Christopher Doering • July 20, 2023

Jim Beam owner names former Kraft, P&G executive as CEO

Greg Hughes, who has been at Beam Suntory since 2015 and most recently was responsible for growing the company’s brands and portfolio, will take over the top spot from Albert Baladi on Oct. 1.

By Christopher Doering • July 19, 2023

Coca-Cola, PepsiCo sales likely to withstand WHO aspartame cancer ruling

The beverage giants have large stakes in the sugar-free space with popular offerings such as Coke Zero, Diet Coke, Pepsi Zero Sugar and Diet Pepsi.

By Christopher Doering • July 17, 2023

Leftovers: Hostess combines Ding Dongs and Twinkies | Harpoon debuts THC-based beverage

The snack maker is fusing two of its most popular items, and Carbone is spicing up its pasta sauce line with an offering based on a popular dish from its New York City restaurant.

By Food Dive staff • July 14, 2023