Splitting Kellogg is the best way to drive growth, CEO says
In an interview, Steve Cahillane said dividing the 116-year-old CPG will unlock value and create three “healthy, strong companies” in plant-based food, cereal and snacks. Lire la suite >>
Nestlé to buy majority stake in protein powder maker Orgain
Nestlé’s health science division is buying a majority stake in Orgain, a maker of protein powders, shakes and bars, for an undisclosed amount, the food giant said in a statement. Lire la suite >>
‘Microdrink’ maker Waterdrop raises $70M
Waterdrop seeks to simultaneously increase the amount of water people drink while lowering the amount of plastic bottles used for consumption. In its press release, the company notes that over… Lire la suite >>
Why famous people are joining food tech advisory boards
Hollywood A-listers including Leonardo DiCaprio and Ashton Kutcher, former government officials and other household names are working with companies, lending their expertise and cachet. Lire la suite >>
Impossible Foods raises $500M, bringing its lifetime funding to more than $2B
Impossible Foods closed a $500 million funding round, bringing its lifetime funding to more than $2 billion. This latest round was led by Mirae Asset Global Investments. Other participants were… Lire la suite >>
Thanksgiving dinner costs rise due to inflation and supply chain challenges
Thanksgiving dinner is likely to be more expensive this year thanks to inflation and supply chain issues, according to the American Farm Bureau Federation’s annual price survey. The total cost… Lire la suite >>
Del Monte Foods leans into upcycled food movement with canned vegetable certification
Del Monte Foods has announced what it said is the industry’s first canned vegetable product to be certified by the Upcycled Food Association under its new upcycled certification program. Lire la suite >>
General Mills launches animal-free dairy cheese brand Bold Cultr
General Mills has officially entered the animal-free dairy category with its new brand Bold Cultr. The company is launching cream cheese made with Perfect Day’s fermentation-created dairy proteins under the… Lire la suite >>
Beyond Meat shares tumble after company reports lower-than-expected revenues
Beyond Meat’s shares plunged about 18% in after-hours trading after the plant-based meat company reported lower-than-expected earnings on Wednesday evening. In the most recent quarter, Beyond Meat posted sales growth… Lire la suite >>
As strike enters its sixth week, Kellogg wrestles with cereal supply
Kellogg CEO Steve Cahillane told Bloomberg last week that the company is importing cereal from outside the U.S. — saying it will « leverage the totality of its global network… Lire la suite >>
TreeHouse Foods exploring options that could include sale
TreeHouse Foods is exploring options that could include a sale of the company or a divestiture of a large portion of its meal prep business in an effort to focus… Lire la suite >>
How the rise in grocery e-commerce is reshaping food marketing
There is no disputing it: The COVID-19 pandemic dramatically changed how people shop for food. From reenergizing the frozen aisle and center of store, to ushering in a new wave… Lire la suite >>