Finances and Deals: Page 4
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Courtesy of Kraft Heinz
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 -
Mario Tama/Getty Images via Getty Images
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 Chris Casey • Feb. 4, 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 -
Scott Olson via Getty Images
JM Smucker to divest some sweets brands for $40M as it focuses on Hostess
The sale of the Cloverhill and Big Texas brands, as well as certain private-label products, also will help cut costs and reduce complexity across its manufacturing network.
By Christopher Doering • Feb. 3, 2025 -
Permission granted by Suja Life
Slice Soda returns to shelves as healthier offering
The beverage, once owned by PepsiCo, is tapping into consumer interest in nostalgia and better-for-you products made with real ingredients, probiotics and low amounts of sugar.
By Christopher Doering • Jan. 28, 2025 -
Courtesy of Ferrero
Ferrero buys protein snack company Power Crunch
The purchase expands the Nutella maker's presence in the better-for-you category while increasing its U.S. footprint.
By Christopher Doering • Jan. 24, 2025 -
Permission granted by Danone
Q&AInside the evolution of Danone’s Stōk
The fast-growing beverage has expanded into a cappuccino-inspired cold brew, seasonal flavors and energy, bringing new usage occasions and consumers to the brand.
By Christopher Doering • Jan. 22, 2025 -
Courtesy of Walmart
Private label sales hit record $271B in 2024
All 10 food and nonedible departments tracked by Circana showed store brand dollar growth over 2023, a new report found.
By Catherine Douglas Moran • Jan. 21, 2025 -
Courtesy of Molson Coors
Molson Coors refuses bid by Leinenkugel’s family to buy back plant
The Coors Light producer said it plans to use the Chippewa Falls, Wisconsin, facility as a pilot brewery.
By Chris Casey • Jan. 21, 2025 -
Minerva Studio/Stock.adobe.com
Sponsored by RRDThe changing habits of value-driven shoppers
Discover how inflation is reshaping shopper habits and what brands can do to stay relevant in 2025.
By April Masters, Senior Content Marketing Manager, RRD • Jan. 21, 2025 -
Courtesy of Spindrift
Spindrift names former Boston Beer head as CEO, sells majority stake to PE firm
The 15-year-old brand has become popular with consumers who are lowering their sugar intake while prioritizing recognizable ingredients — all without sacrificing a fizzy mouthfeel.
By Christopher Doering • Jan. 16, 2025 -
Thai Phi Le/Food Dive
Anheuser-Busch to launch energy drink through Dana White-backed partnership
Phorm Energy, a collaboration with sports nutrition and supplements company 1st Phorm, is expected to debut this summer.
By Christopher Doering • Jan. 16, 2025 -
Scott Olson via Getty Images
Jack Daniel’s owner to close barrel-making plant, cut more than 600 jobs
The restructuring by Brown-Forman, which is expected to generate up to $80 million in annual savings, comes as inflation and changing consumer tastes cut into spirits sales.
By Chris Casey • Jan. 16, 2025 -
Mat Hayward via Getty Images
Constellation Brands pins hopes on Mexican beers as spirits sales decline
As uncertainty looms around potential tariffs, the brewer’s CEO expressed optimism about the outlook for Modelo, Corona and Pacifico.
By Chris Casey • Jan. 14, 2025 -
Keurig Dr Pepper creates energy drink exec role in leadership refresh
The company also named Eric Gorli as president of its $9 billion U.S. refreshment beverage operation, which includes soft drinks, tea and water.
By Christopher Doering • Jan. 14, 2025 -
Courtesy of C.H. Guenther & Son
Hormel Foods CEO to retire after 36 years with the Spam maker
The departure of James Snee, who took over the top post in 2016, is the third leader from a major food company to announce they are leaving since December.
By Christopher Doering • Jan. 14, 2025 -
Permission granted by Hershey
Hershey names new executives to oversee confection, salty snacks
Andrew Archambault, joining from Keurig Dr Pepper, will oversee its sweets business, while company veteran Veronica Villasenor will run brands like Dot’s and SkinnyPop.
By Christopher Doering • Jan. 13, 2025 -
Mediterranean via Getty Images
Louis Dreyfus buys BASF’s food and health ingredients business
The food processor seeks to dominate the plant-based space while chemical producer BASF shifts its focus to other areas.
By Chris Casey • Jan. 9, 2025 -
Courtesy of Duckhorn Portfolio
ColumnThe Weekly Sip: Duckhorn Portfolio names new CEO | Odwalla reemerges with new juices, smoothies
The winemaker is changing leadership after its $2 billion sale, and the juice brand formerly owned by Coca-Cola is tapping into consumer interest for healthier drinks.
By Food Dive staff • Jan. 9, 2025 -
Retrieved from Simple Mills.
Wonder bread owner buys Simple Mills for $795M
Flower Foods' purchase of the better-for-you snack maker is meant to improve its growth prospects while diversifying its portfolio with the addition of crackers, cookies, snack bars and baking mixes.
By Christopher Doering • Jan. 9, 2025 -
Courtesy of Kellanova
Food and beverage M&A activity poised to ‘proliferate’ in 2025
The lion’s share of dealmaking is expected to be smaller bolt-on transactions as companies increase their exposure in fast-growing, trendy areas such as premium, snacking and health and wellness.
By Christopher Doering • Jan. 7, 2025 -
Courtesy of Lifeway Foods, Inc.
Danone accuses Lifeway of allowing its CEO to engage in ‘self-dealing’ and ‘value destruction’
The France-based company, which is offering to buy the kefir producer, plans to file a lawsuit claiming its top executive and board have breached their fiduciary duties to shareholders.
By Christopher Doering • Jan. 6, 2025 -
Christopher Doering/Food Dive
Post Holdings to buy potato company for undisclosed amount
The purchase of Potato Products of Idaho complements the CPG company’s existing presence in spuds through foodservice and branded items such as Bob Evans sides and Simply Potatoes.
By Christopher Doering • Dec. 18, 2024 -
Permission granted by Redcon1
Nostalgic Jolt Cola returning to shelves as an energy drink
The beverage, popular in the 1980s and 1990s, is nearly tripling its caffeine content, ditching sugar and adding functional benefits in demand with today’s consumers.
By Christopher Doering • Dec. 16, 2024 -
Michael M. Santiago via Getty Images
Unilever CFO sees 7.5% pay boost for new procurement, tech responsibilities
Fernando Fernandez will receive a pay bump to take control of supply chain and tech as the CPG company navigates the separation of its $19.5 billion ice cream business.
By Grace Noto • Dec. 12, 2024 -
Mario Tama via Getty Images
Albertsons sues Kroger over failed merger
Albertsons has terminated the merger agreement, alleging Kroger did not offer an adequate divestiture package and repeatedly ignored regulators’ concerns.
By Catherine Douglas Moran , Jeff Wells • Updated Dec. 11, 2024
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