USDA teams with states to crack down on anti-competitiveness in food

The department will work with more than 30 attorneys general to address practices viewed as unfriendly to consumers, even as economists remain mixed on consolidation’s effect on inflation.

By Sarah Zimmerman • July 19, 2023

JBS plans to list shares in U.S.

The meat giant announced it will pursue a dual listing strategy on the New York Stock Exchange and the São Paulo Stock Exchange, which it believes will attract a wider array of investors.

By Chris Casey • July 13, 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

Grocery inflation drops below 5%

Food-at-home prices increased in June at a 4.7% annual clip, down from 5.8% in May, the U.S. Bureau of Labor Statistics reported Wednesday. Overall inflation declined to 3%.

By Sam Silverstein • July 12, 2023

Meati’s wide scale retail launch is here with Dots distribution deal

The mushroom root meat being added to Dot Foods’ catalog is not just a big win for the mycelium maker, it’s also a sign that alternative proteins are moving into their next phase of ubiquity.

By Rose Palazzolo • July 12, 2023

Traceability company Oritain raises $57M to spur growth

Food and beverage producers, such as A2 Milk and Nestlé’s Nescafe, depend on the firm to assure customers that the items they purchase are genuine and sourced ethically.

By Christopher Doering • July 12, 2023

Oatly taps Mars alum for CFO

Marie-Jose David comes to the financial helm of the oat milk maker as the company looks to get “aggressive” this year.

By Elizabeth Flood • July 10, 2023

Insect protein company Ynsect names insider as CEO

Shankar Krishnamoorthy, who joined the company in 2021, takes over from co-founder Antoine Hubert. He will be responsible for overseeing the expansion of the fast-growing business.

By Christopher Doering • July 10, 2023

Upcycled chicken producer Do Good Foods files for bankruptcy

The two-year-old company is the latest food business to file in the last month, following AeroFarms and Tattooed Chef, as upstarts struggle with a challenging economic environment.

By Chris Casey • July 10, 2023

Mars to buy healthy meal maker Kevin’s Natural Foods for an undisclosed amount

The fast-growing startup, which makes chef-inspired sous-vide meals, sides and sauces using whole foods and simple ingredients, will continue to operate as a standalone business.

By Christopher Doering • July 5, 2023

Modelo dethroned Bud Light in America — here’s what the numbers say

While recent controversy played a role in the uncrowning, Modelo’s long-term strategy may have more to do with its success.

By Sara Karlovitch • July 5, 2023

Tattooed Chef to file for bankruptcy, plans to sell assets

The company, which entered the public markets in 2020, has been struggling with declining revenue, inflationary pressures, a shrinking cash stockpile and a slowdown in the plant-based sector.

By Christopher Doering • July 5, 2023

Kellogg’s snacking business can rival competitors after split, CEO says

Steve Cahillane expressed optimism about the future of the CPG giant, pointing to strength in its iconic brands such as Cheez-It and Pringles.

By Chris Casey • June 30, 2023

Equal sweetener owner Whole Earth receives buyout offer of $4 per share

Martin Franklin, who already owns 21% of the business, would combine it with Royal Oak Enterprises, a maker of charcoal. Whole Earth pledged to review the offer. 

By Christopher Doering • June 29, 2023

Monster Beverage set to buy Bang Energy for up to $362M

A court filing showed the closure of the deal is being slowed by a review from the Federal Trade Commission. Bang warned it could be forced to liquidate if the transaction collapses.

By Christopher Doering • June 29, 2023

McCormick & Co. names insider Brendan Foley as CEO

The CPG veteran, who joined the flavor and spice company in 2014 and most recently served as its COO, will take over on Sept. 1 from outgoing chief Lawrence Kurzius. 

By Christopher Doering • June 29, 2023

Jilted by Constellation Brands, Aperitif maker Haus finds new life after acquisition

The Naked Market purchased the low-alcohol aperitifs maker for an undisclosed amount and is re-launching it online. The brand shut down last year after a $10 million funding round fell through.

By Christopher Doering • June 29, 2023

Cultivated meat from cows: How Omeat uses plasma to grow beef

The company, which has already raised $40 million from key investors, says it can make products at the same cost as traditional meat.

By Megan Poinski • June 22, 2023

Fourth of July cookouts still more expensive this year despite inflation cooling: Wells Fargo

The banking giant recommends grilling hamburgers and chicken breasts, both of which have seen prices fall slightly in the last 12 months.

By Chris Casey • June 22, 2023

Unilever bulks up premium ice cream with Yasso purchase

The purchase, for an undisclosed amount, brings the fast-growing better-for-you brand under the consumer goods giant’s umbrella.

By Megan Poinski • June 15, 2023

Maker’s Mark owner Beam Suntory inks distribution deal for Mezcal Amarás

The alcohol giant said the partnership, which begins next month, is key to further premiumizing its portfolio and expanding its reach in the fast-growing agave-based spirits category.

By Christopher Doering • June 14, 2023

8 questions with Momofuku CEO Marguerite Zabar Mariscal

The executive talks to Food Dive about her rise from intern to CEO of the popular restaurant group and, more recently, the company’s expanding CPG business.

By Judy McGuire • June 13, 2023

Impossible Foods taps Terry Crews’ agency Super Serious for national campaigns

The promotions see the plant-based brand using humor to adopt a more inclusive and approachable tone.

By Sara Karlovitch • June 12, 2023

From private label to branded offerings: How Flagstone is branching out with Emerald nuts acquisition

In this Q&A, CEO Harry Overly talks about the company’s first foray out of store-brand offerings, its plans for the snacking line and the outlook for future deals.

By Christopher Doering • June 12, 2023

Derek Jeter invests in Meati Foods

The Baseball Hall of Famer will also serve as an adviser to the mycelium meat alternative maker, which is working to expand its steak and chicken analogs to stores nationwide. 

By Megan Poinski • June 12, 2023

Lifeway Foods shareholder blasts CEO and board, calls for sale of the kefir maker

Kanen Wealth Management, which owns 4.1% of the company, claims the board and chief executive are “mis-managing the business” and not looking out for shareholders.

By Christopher Doering • June 8, 2023