Finances and Deals: Page 2


  • Daring Foods
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    Permission granted by Daring Foods
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    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 Updated April 15, 2024
  • In this photo illustration, bottles of Modelo Especial beer sit on a table.
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    Mario Tama/Getty Images via Getty Images
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    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 April 12, 2024
  • Non-alcoholic drinks from the Sèchey x Target collection
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    Courtesy of Sèchey x Target
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    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
  • Hain Celestial's recently divested Thinsters brand.
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    Courtesy of Hain Celestial
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    Hain Celestial sells Thinsters cookie brand to Dippin’ Dots owner

    The divestiture to J&J Snack Foods for an undisclosed amount allows the organic and natural products giant to streamline its portfolio and reduce debt.

    By April 9, 2024
  • Bars made by chocolate company Tony's Chocolonely.
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    Permission granted by Tony's Chocolonely
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    Former Starbucks CEO Howard Schultz invests in Tony’s Chocolonely

    The producer of slave-free chocolates said it will benefit from the coffee chain executive’s “extensive experience” in building a global consumer brand and company. 

    By April 3, 2024
  • A group of chickens are seen inside a barn
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    Scott Olson via Getty Images
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    After collapse of Cooks Venture, chicken farmers look for answers

    Poultry growers face stress and financial hardship from the sudden closure of an Arkansas-based company. State intervention made things worse, they say.

    By Nathan Owens • April 3, 2024
  • Chickens roam and scratch around in a farm.
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    Scott Olson via Getty Images
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    Cooks Venture tried to raise chickens better. Then 1M birds were killed.

    Arkansas farmers were left to pick up the pieces following the unexpected closure of a poultry company known for its free-range chickens. 

    By Nathan Owens • April 2, 2024
  • Snacking brands made by PepsiCo's Frito-Lay division on a grocery store shelf in Washington, D.C.
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    Christopher Doering/Food Dive
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    Feeding Gen Z involves embracing the discord

    The generation born between 1997 and 2012 is crucial for success in today's food industry. New research shows how this demographic's interests buck the norm.

    By Alexandra Frost • April 2, 2024
  • aloha bars
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    Courtesy of Aloha
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    Protein bar maker Aloha gets $68M from venture fund

    Semcap Food & Nutrition, which makes minority investments in better-for-you brands like Purely Elizabeth and Good Culture, will help the plant-based business scale.

    By April 2, 2024
  • J.M. Smucker's latest snack, Hostess Meltamors
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    Courtesy of J.M. Smucker
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    Column

    Leftovers: Hostess brings the heat with lava cakes | Beyond Meat reformulates crumbles

    The sweets company’s latest product features fluffy cakes with chocolate or caramel sauce in the center, and better-for-you frozen yogurt maker Yasso debuts fruit bars.

    By Food Dive staff • March 28, 2024
  • Dole, produce
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    Retrieved from Dole.
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    Dole calls off sale of fresh vegetables division amid DOJ opposition

    The Justice Department said the $293 million cash deal with Fresh Express, announced in January 2023, would have reduced competition and led to higher prices.

    By March 28, 2024
  • corona hard seltzer
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    Courtesy of Corona Hard Seltzer
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    Constellation wins hard seltzer battle over AB InBev

    An appeals court affirmed a 2023 decision that ruled Constellation did not infringe on the trademarks of AB InBev’s Grupo Modelo by selling seltzer products under that brand.

    By March 27, 2024
  • buzzballz
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    Courtesy of BuzzBallz, LLC
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    Fireball maker Sazerac acquires RTD cocktail brand BuzzBallz

    Demand for mixed drinks is driving beverage industry heavyweights to elevate their presence in the category through M&A and new product launches.

    By March 25, 2024
  • general mills cereal vitamin d
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    Courtesy of General Mills
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    General Mills still dealing with elevated operating costs, CEO says

    The Cheerios maker reported higher-than-normal inflation four years after the pandemic began. Input costs have increased by 32% during this time, the top executive said.

    By March 22, 2024
  • Ghetto Gastro founders
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    Permission granted by Joshua Woods
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    Bronx-born food collective goes from trendy dinner parties to Target shelves

    Ghetto Gastro fuses community and culture to create low-cost plant-based packaged goods.

    By March 19, 2024
  • Side view of a bag of open potato chips, with chips spilling out
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    etiennevoss via Getty Images
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    From Coke to Hershey, CPGs search for their sweet spot in pack size

    Consumers are increasingly interested in smaller portion sizes, as well as value-priced multipacks, for their snacks and soda. These changing sizes can have implications from production to recycling.  

    By Shefali Kapadia • March 18, 2024
  • ab inbev
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    Scott Olson via Getty Images
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    Marlboro maker Altria sells $2B stake in AB InBev

    The sale is the latest headache for the alcohol manufacturer as it attempts to shake off a drop in beer consumption and fallout from a controversial 2023 marketing campaign with a transgender influencer.

    By March 15, 2024
  • Rao's, Sovos Brands
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    Retrieved from Sovos Brands.
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    Campbell Soup a ‘compelling story’ after closing $2.7B Sovos deal

    The deal, which closed Tuesday, broadens the CPG giant’s footprint in premium offerings and complements its core meals and beverage business which includes its namesake soup and V8.

    By March 12, 2024
  • Liquid Death
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    Retrieved from Liquid Death.
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    Liquid Death valued at $1.4B after latest funding round

    The beverage maker, which is reportedly looking to go public this year, said the $67 million in new financing will be used to grow distribution and accelerate product innovation.

    By March 11, 2024
  • Kellogg's cereals
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    Chris Casey/Food Dive
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    WK Kellogg focusing on cereal before turning to M&A, CEO says

    Five months after being spun off, Gary Pilnick is upbeat that the Rice Krispies maker can modernize its business and improve its product offerings that for years were being “deprioritized” in favor of snacks. 

    By March 11, 2024
  • Clif Thins owned by Clif, which Mondelez International purchased in 2022
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    Courtesy of Clif Bar
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    Food execs signal a strong appetite for M&A in 2024

    As Mondelēz, General Mills and other CPG firms scour the market for deals, high asking prices could remain a sticking point preventing some purchases from taking place.

    By March 4, 2024
  • An illustration of Revo Foods' production facility.
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    Permission granted by Revo Foods
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    To farm or fabricate? 3D printing’s role in the food industry

    As food production startups begin commercializing 3D-printed seafood, some experts question the viability of the technology in the broader market.

    By Megan Ruggles • March 4, 2024
  • ab inbev anheuser busch
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    Joe Raedle via Getty Images
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    Anheuser-Busch avoids strike in deal with union

    Though tentative, the agreement would include wage increases and improved benefits to the 5,000 manufacturing workers represented by the Teamsters.

    By Feb. 29, 2024
  • Beyond Meat's The Beyond Burgers in their packaging.
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    (Drew Angerer/Staff) via Getty Images
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    Beyond Meat plans steep cost cuts as U.S. demand remains weak

    While the company had lowered prices in the past to entice budget-conscious shoppers, an increase in prices on some of its product lines is planned to help restore margins.

    By Feb. 28, 2024
  • waterdrop
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    Courtesy of Waterdrop
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    Why Waterdrop’s CEO sees hydration beverages overtaking soft drinks

    Martin Donald Murray said the viral water bottle craze will continue to benefit the company’s “microdrink” given its better-for-you and sustainability benefits.

    By Feb. 27, 2024