Finances and Deals: Page 2
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Courtesy of Kate Farms
Danone to buy majority stake in plant-based nutrition shake maker Kate Farms
The yogurt giant is building up its specialized nutrition business in the U.S. as it sees strong momentum for medical feeding products abroad.
By Sarah Zimmerman • May 12, 2025 -
Joe Raedle via Getty Images
Beyond Meat secures $100M to pay down debt as plant-based sales suffer
The alternative meat producer said volumes dropped by nearly a quarter in the U.S. due to a distribution hiccup and cautious consumer spending.
By Sarah Zimmerman • May 8, 2025 -
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 -
Courtesy of Keurig Dr Pepper
Keurig launches K-Cup ‘price lock event’ to help consumers avoid rising coffee costs
With tariffs expected to further raise prices, beverage companies are playing up affordability to retain customers.
By Chris Casey • May 7, 2025 -
Retrieved from Ghost.
Ghost ends Sour Patch, Oreo flavor collaborations after Mondelēz lawsuit
The snacks giant said the brand broke its partnership, which included the sale of Sour Patch energy drinks, when it agreed to sell its assets to Keurig Dr Pepper for over $1 billion last fall.
By Chris Casey • May 6, 2025 -
Courtesy of Just Ice Tea
The Honest truth: Just Ice Tea filling void left by Coca-Coca
After Honest Tea was discontinued by the beverage giant in 2022, its co-founder saw an opportunity in the market for an organic, less sweet drink.
By Christopher Doering • May 6, 2025 -
Courtesy of Oatly
Oatly looks to revive plant-based milk demand in US
The company is targeting Gen Z by playing up trends in health and sustainability while developing a deeper presence in coffee.
By Chris Casey • May 5, 2025 -
Courtesy of Conagra Brands
Conagra to sell Chef Boyardee to private equity firm for $600M
The sale comes as the CPG giant focuses on its core snacks and frozen meals offerings, including Slim Jim and Healthy Choice.
By Christopher Doering • May 1, 2025 -
Justin Sullivan via Getty Images
Coca-Cola sales slip following boycott among Hispanic consumers
The soda giant said a false viral video claiming the company reported Latino workers to ICE contributed to volume declines amid economic uncertainty.
By Chris Casey • April 30, 2025 -
Scott Olson via Getty Images
Consumer tolerance rises for high egg prices
The amount shoppers say they’re willing to pay has gone up, but still falls short of the actual price of eggs, Numerator found.
By Catherine Douglas Moran • April 30, 2025 -
Permission granted by 818 Tequila
Why 818 Tequila tapped a NASCAR driver to accelerate cultural marketing
CMO Kathleen Braine explains how partnering with trailblazing driver Toni Breidinger helps boost the reach of the Kendall Jenner-founded brand.
By Chris Kelly • April 30, 2025 -
Retrieved from Ghost.
Ghost energy drinks drive sales boost at Keurig Dr Pepper
The beverage giant, which acquired the brand for more than $1 billion last fall, sees the category as a path toward growth as its coffee business struggles.
By Chris Casey • April 28, 2025 -
ZeynepKaya via Getty Images
Shoppers expect to spend 8% more on groceries due to tariffs, survey finds
A KPMG poll found a majority of participants believe Trump's trade war will push up prices for food more than any other category of goods.
By Sam Silverstein • April 28, 2025 -
Chet Strange via Getty Images
Meat giant JBS gets SEC approval to list shares in US
Environmental groups and congressional lawmakers had pushed the agency to deny the company's request over its record on climate and corporate governance.
By Sarah Zimmerman • April 24, 2025 -
Constellation sued for allegedly misleading shareholders on wine sales
The suit claims the alcohol giant, which saw its sales in the category drop 7% last year, deceived investors and mishandled funds.
By Chris Casey • April 23, 2025 -
Courtesy of J.M. Smuckers
Deep DiveAisle hopping: Why major food and beverage brands are entering new parts of the grocery store
Nestlé, Kraft Heinz and J.M. Smucker are among the CPG giants leveraging the brand equity of well-known products to expand into different categories, boost recognition and grow sales.
By Christopher Doering • April 16, 2025 -
Brandon Bell via Getty Images
Cal-Maine to buy breakfast foods manufacturer for $258M
The purchase of Echo Lake Foods gives the country’s largest egg producer more of a presence in processed foods, while limiting exposure to volatile commodity prices.
By Sarah Zimmerman • April 15, 2025 -
Getty via Getty Images
Constellation offloads wines amid projected double-digit sales drop, tariff uncertainty
The strategy by the Robert Mondavi and Kim Crawford owner to focus on premium offerings mirrors a similar strategy it has with beer.
By Chris Casey • April 15, 2025 -
Mario Tama/Getty Images via Getty Images
Constellation says Trump’s immigration crackdown is hurting sales of Modelo, Corona
Deportation threats and the potential of job losses have led to decreased spending among Hispanic consumers who make up half of the company’s beer sales.
By Chris Casey • Updated April 15, 2025 -
Justin Sullivan via Getty Images
ColumnThe Weekly Sip: Monster slams claims that stock is overvalued | Starbucks debuts new energy drink lineup
In other beverage news, Diageo is spicing up its Captain Morgan canned malt cocktails with four ‘sweet heat’ flavors.
By Chris Casey • April 10, 2025 -
Courtesy of Lobos 1707 Tequila
Diageo swaps Cîroc US ownership for LeBron James-backed tequila
The spirits maker is offloading the vodka brand following its negative association with Sean “Diddy” Combs.
By Chris Casey • April 8, 2025 -
Courtesy of SunnyD
Guatemalan conglomerate buys owner of SunnyD, Juicy Juice
Castillo Hermanos will acquire Harvest Hill Beverage Company as it looks to gain a foothold in the U.S.
By Chris Casey • April 7, 2025 -
Retrieved from LesserEvil.
Hershey to buy healthier snacks maker LesserEvil
The purchase of the popcorn, puffs and curls maker adds a fast-growing brand to its portfolio while bringing the Pennsylvania company into new categories and eating occasions.
By Christopher Doering • April 3, 2025 -
Permission granted by Hain Celestial
How the health and wellness boom is fueling Hain Celestial’s transformation
CEO Wendy Davidson said the Sleepytime Tea maker needed to first stabilize its business and boost innovation before it could tap into movements such as GLP-1 use.
By Christopher Doering • March 31, 2025 -
Courtesy of Fresh Del Monte
Fresh produce giant Fresh Del Monte strikes deal to enter high-value specialty ingredients
The purchase of a majority stake in avocado oil supplier Avolio also will help the fruit and vegetable giant boost margins and improve its sustainability efforts.
By Christopher Doering • March 26, 2025 -
Courtesy of Flowers Foods
Wonder moves beyond bread with the launch of snack cakes
Flowers Foods said the new line of donuts, honey buns, cupcakes and cinnamon rolls is its first major extension in the brand’s 104-year-old history.
By Christopher Doering • March 25, 2025
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