Danone exits stake in Lifeway Foods

The Latest

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  PepsiCo’s Muscle Milk flexes rebrand in crowded protein drink space

  The reformulated beverage amps up the protein while cutting artificial colors, sweeteners and flavors, positioning it to stand out among competitors like Coca-Cola's Core Power.

  Ingredients

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  Column

  Leftovers: Welch’s debuts biggest ‘function-forward innovation’ | Mother’s sprinkles Nerds on frosted cookies

  A new probiotic-packed yogurt fruit snack looks to answer demand for gut-friendly foods, while Saint James Iced Tea adds its twist to Arnold Palmer.

  Corporate Operations

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  Cargill to launch cocoa-free chocolate in US

  NextCoa, made in partnership with Voyage Foods, gives food companies a new option to “future-proof” supply, a Cargill senior product line specialist said.

  Ingredients

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  Ingredion makes $3.7B offer to buy ingredients rival Tate & Lyle

  A potential acquisition would expand Ingredion’s position in texture and mouthfeel.

  Corporate Operations

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  Canmakers say capacity is tight as beverage industry gears up for big summer

  Ball, Crown and Ardagh are navigating higher input costs and inflationary pressures as brands prepare promotions related to the World Cup and America250 celebrations.

  Corporate Operations

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  BuzzBallz owner takes stake in influencer Alix Earle’s cocktail brand Sipmargs

  The deal is Sazerac's second investment in a celebrity-backed brand in two weeks after it purchased equity in Kendall Jenner’s 818 Tequila.

  Beverages

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  Jack Link’s names president of North America

  Jeff Caswell joins the beef jerky maker from Mid America Pet Food, where he was CEO and a board member for the past two years.

  Corporate Operations

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  Beyond Meat puts protein drinks at the center of turnaround plan

  CEO Ethan Brown said it’s been acting as a “beverage company in hiding,” with a board of executives from Coke, Boston Beer and more.

  Corporate Operations

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  Ben & Jerry’s owner to offer ice cream at entertainment venues through Mini Melts partnership

  The agreement advances Magnum's out-of-home growth strategy by targeting consumers in high-traffic locations.

  Corporate Operations

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  FDA chief Marty Makary resigns from agency, ending tumultuous tenure

  Kyle Diamantas, previously the deputy commissioner for food, will lead the department in an acting capacity.

  Policy

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  Egg giant Cal-Maine diversifies business with purchase of Van’s waffles

  The acquisition will significantly boost the company's growing prepared foods segment and solidify its presence in breakfast.

  Corporate Operations

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  Sara Lee owner to invest $1B in US business

  Grupo Bimbo said the funding will support innovation and affordability efforts as the Mexico-based company expands its reach in one of its largest regions.

  Corporate Operations

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  Premier Protein moves into soda as protein shake competition heats up

  Bellring Brands is looking for potential untapped growth opportunities to stand out in a crowded nutritional market.

  Beverages

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  Kraft Heinz hikes marketing spend 37% as turnaround takes shape

  The CPG giant highlighted innovations like its new protein-packed Kraft Mac & Cheese and a five-year sponsorship deal with the NFL. 

  Corporate Operations

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  Danone to close plant-based dairy facility in New Jersey

  The Silk and So Delicious manufacturer said 114 workers will be laid off and production will be reassigned to other U.S. facilities.

  Corporate Operations

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  Suja Life taps into sizzling demand for health and wellness with IPO

  The cold-pressed juice pioneer raised nearly $200 million in its offering, which it plans to use to expand production and consider an acquisition, its CEO said.

  Corporate Operations

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  C4 Energy parent hires Hershey vet as COO

  Andrew Archambault, who has prior experience leading beverages at Keurig Dr Pepper, will oversee Nutrabolt’s sales, supply chain and international operations.

  Corporate Operations

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  Post Holdings CEO to step down

  Chief Operating Officer Nicolas Catoggio will take over the top role at the cereal, pet food and refrigerated meals company in October.

  Corporate Operations

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  Column

  Leftovers: Chef Boyardee brings sizzle to skillets | Buldak heats up macaroni and cheese

  The budget-friendly meals are the first in a slate of planned innovation under the brand's new owner, while "Breaking Bad" stars’ mezcal brand Dos Hombres breaks into tequila.

  Corporate Operations

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  Protein powder shortage threatens America’s biggest food craze

  Companies are now grappling with whether to raise prices at a time when consumers are already reeling from a prolonged period of inflation.

  Corporate Operations

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  Babybel parent buys Brainiac snacks to expand better-for-you portfolio

  The acquisition comes as the GoGo squeeZ maker looks to expand its U.S. presence and become a leader in functional foods.

  Corporate Operations

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  Grocery shoppers are trading down to lower-priced retailers, report finds

  Rather than just seeking cheaper brands, more shoppers are planning to switch retailers entirely, opting for less expensive stores, Alvarez & Marsal found. 

  Corporate Operations

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  General Mills promotes company veteran to COO

  Dana McNabb, who joined the Cheerios maker in 1999, will assume the job in June and oversee everything from global innovation to strategy and growth.

  Corporate Operations

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  How surging gas prices are impacting grocery

  Despite “alarmist headlines,” Walmart CFO John David Rainey said “the consumer continues to be very resilient.”

  Corporate Operations

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  Activist investor ups pressure on Lamb Weston as french fry maker reaches ‘critical juncture’

  Starboard said the food company has failed to restore investor confidence and show that it’s on a path toward “sustainable” growth.

  Corporate Operations

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