Finances and Deals: Page 3

  • unilever-brand
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    (Photo by Christopher Furlong/Getty Images) via Getty Images
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    Unilever to sell plant-based brand The Vegetarian Butcher as it focuses its portfolio

    The divestiture comes as the CPG company prioritizes fewer, bigger brands to spur growth. It’s expected to divest its ice cream business in 2025.

    By • March 20, 2025
  • Jars of Rao's pasta sauce at a Washington, D.C. grocery store.
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    Christopher Doering/Food Dive
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    Consumers worry tariffs will hit grocery prices the hardest: report

    New findings from Intuit Credit Karma show half of U.S. consumers have changed their spending habits in anticipation of tariffs, led by Gen Z and millennial shoppers.

    By Catherine Douglas Moran • March 20, 2025
  • Mergers and acquisitions Explore the Trendline➔
    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
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    Courtesy of Poppi
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    PepsiCo buys prebiotic soda brand Poppi for nearly $2B

    The deal boosts the food and beverage company's health-focused portfolio as consumers demand more better-for-you options.

    By • March 17, 2025
  • A package of Biscoff cookies.
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    Permission granted by Lotus Bakeries
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    Mondelēz and Biscoff parent expand partnership into ice cream

    The snack makers are planning to introduce frozen novelties that combine flavors of the caramelized biscuit with chocolates such as Milka and Cadbury.

    By • March 14, 2025
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    Courtesy of BeatBox
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    Shaq invests in RTD cocktail brand BeatBox Beverages

    The NBA star collaborated on a new flavor from the maker of extremely alcoholic fruit punches and lemonades.

    By • March 14, 2025
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    Courtesy of Arla Foods
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    Danish dairy giant inks deal to manufacture whey protein in US

    Arla Foods will rely on a South Dakota-based processor to produce its ingredients as the co-op looks to expand in North America.

    By • March 13, 2025
  • Jack Daniel's whiskey bottles displayed on shelf
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    Scott Olson via Getty Images
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    Jack Daniel’s owner says Canada pulling alcohol from stores ‘worse than a tariff’

    The CEO of Brown-Forman said he's worried the move by retailers, a retaliatory measure against Trump's trade policies, could spread to Europe where its impact would be more severe.

    By • March 7, 2025
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    Sean Gallup via Getty Images
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    Mars pledges $27M to slash dairy emissions

    The confectionery giant is partnering with New Zealand-based dairy co-operative Fonterra to fund more sustainable farming practices.

    By Kelly Stroh • March 6, 2025
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    Justin Sullivan via Getty Images
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    Column

    The Weekly Sip: Monster’s bet on alcohol stumbles | Sparkling Ice maker pops into prebiotic soda

    In other beverage news, seltzer brand Waterloo debuts new fruity flavors to welcome the start of spring.

    By • March 6, 2025
  • Boxes of General Mills cereal are displayed on a grocery store shelf.
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    Justin Sullivan via Getty Images
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    General Mills shuts down innovation unit, pauses venture investments

    The Cheerios maker said the changes are part of a broader shift in how the Minnesota company pursues new growth.

    By • March 5, 2025
  • Jars of Rao's pasta sauce at a Washington, D.C. grocery store.
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    Christopher Doering/Food Dive
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    Food and beverage giants prioritizing small-scale M&A for a foothold in trendy areas

    Kraft Heinz, Hershey and Molson Coors are among the firms looking for deals to boost sales and get them more exposure in fast-growing categories.

    By • March 5, 2025
  • Celsius, energy drink
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    Permission granted by Celsius
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    Celsius names PepsiCo executive to newly created COO role

    Eric Hanson, who has nearly three decades of experience in the food and beverage industry, will be responsible for accelerating the energy drink giant’s growth and expansion efforts.

    By • March 3, 2025
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    Courtesy of Spindrift
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    Spindrift splashes into soda to capitalize on the better-for-you craze

    The seltzer maker aims to stand out in the trendy category with fresh juice-infused drinks, eschewing the gut-health approach of rivals.

    By • Feb. 26, 2025
  • U.S. President Donald Trump and Canadian Prime Minister Justin Trudeau participate in a joint news conference in the East Room of the White House on February 13, 2017 in Washington, D.C.
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    Alex Wong via Getty Images
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    Threat of Trump’s tariffs force food and beverage giants to prepare

    Mondelēz, Conagra and Diageo are among the CPG manufacturers positioning their businesses ahead of potential taxes on Mexico and Canada imports.

    By • Feb. 24, 2025
  • Celsius energy drinks at a convenience store in Boca Raton, Florida
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    Christopher Doering/Food Dive
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    Celsius buys energy drink rival Alani Nu for $1.8B

    The purchase allows Celsius to add a fast-growing beverage popular with young women while better positioning it to compete against rivals Red Bull and Monster.

    By • Feb. 20, 2025
  • heineken bottles
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    Justin Sullivan via Getty Images
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    Heineken, Molson Coors tout premium and nonalcoholic brews as beer struggles

    Traditional giants are prioritizing pricier craft brands to secure growth in the flailing category.

    By • Feb. 19, 2025
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    Retrieved from Solina on February 13, 2025
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    French ingredients supplier Solina expands further into US with seasoning acquisitions

    The company wants to become a “one-stop shop” for dry and liquid flavors following the purchase of Sokol Custom Food Ingredients and Advanced Food Systems.

    By • Feb. 13, 2025
  • Cans of Olipop soda.
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    Courtesy of Olipop
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    Olipop valued at nearly $2B following latest funding round

    The prebiotic soda offering is the top non-alcoholic brand in the U.S. by dollar sales and unit growth, according to the company.

    By • Feb. 12, 2025
  • Flowers Foods, Dave's Killer Bread, bars
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    Courtesy of Flowers Foods
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    Wonder bread owner Flowers Foods positioned to weather GLP-1 uncertainty, CEO says

    Ryals McMullian noted consumers are moving away from traditional white and wheat bread into organic, keto, gluten-free and premium areas.

    By • Feb. 12, 2025
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    Courtesy of JBS
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    JBS spends $200M to expand US beef production

    The investment by the Brazil-based meat giant comes as it prepares for a rebound in the cattle supply after a period of contraction. 

    By • Feb. 10, 2025
  • 2 Ball aluminum cups branded for Bud Light and Super Bowl LIV against the backdrop of Hard Rock Stadium
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    Courtesy of Ball Corp.
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    Ball buys Florida can maker, plans Oregon plant

    The packaging company is gaining a Southeast facility through a $160 million deal and will build a plant in the Pacific Northwest to better align with customer needs.

    By Maria Rachal • Feb. 7, 2025
  • Bottles of Don Julio line several bar shelves.
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    Theo Wargo/Getty Images for 2018 Tribeca Film Festival via Getty Images
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    Guinness owner Diageo says it could lose $200M in profits from tariffs

    The company is warning investors of the potential impact — if tariffs take effect next month — on the spirits business’ bottom line.

    By • Feb. 5, 2025
  • PepsiCo, Frito-Lay
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    Christopher Doering/Food Dive
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    PepsiCo to focus on value, healthier offerings amid slump in snacks

    CEO Ramon Laguarta said the Doritos maker hasn’t seen a “direct impact” from GLP-1 medications despite higher consumer interest in health and wellness.

    By • Feb. 5, 2025
  • Mustard with Mustard
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    Courtesy of Kraft Heinz
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    Heinz teams with hip-hop hitmaker Mustard for new product, campaign

    The marketer launched the culturally minded — and perhaps overdue — campaign with a spot that aired during the Grammy Awards.

    By Chris Kelly • Feb. 4, 2025
  • 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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    Mexican beer, Kentucky bourbon: Alcohol caught in the crosshairs of Trump tariff threats

    A brewing North American trade war could raise prices of iconic brands like Modelo and Don Julio.

    By • Feb. 4, 2025