Business
Companies, capital and the economics of food and beverage.
How Chobani’s protein push is reshaping its dairy empire
The yogurt giant's head of commercial growth says the company could lean on innovation or M&A as it looks to expand further into dairy, noting it's still not in every category.
Hershey combines salty, sweets units to accelerate growth
The Reese’s maker also announced several leadership changes, including expanding the oversight of sweets head Andrew Archambault to include the full U.S. portfolio.
Smithfield to close Massachusetts dry sausage plant
The pork giant will lay off 190 workers and transfer production of charcuterie-style meats to other facilities.
B&G Foods buys Del Monte Foods’ broth brands for $110M
The purchase of College Inn and Kitchen Basics gives the Crisco owner a bigger presence in home meals as consumers spend less at restaurants.
Heineken CEO to step down as beer sales slump
Dolf van den Brink is leaving at the end of May as the company implements a reorganization plan.
Lower turkey prices slash Thanksgiving dinner costs in 2025
The American Farm Bureau Federation said that grocer deals and lower commodity costs have gone a long way.
How Vital Farms cracked open the pasture-raised egg market
The company is on track to reach $1 billion in sales, benefiting from consumer interest in traceable and ethically produced foods.
Tropicana appoints former Pabst leader as CEO
Paul Chibe is taking the reins as the KeVita and Naked Smoothie owner faces financial difficulties following its spinoff from PepsiCo.
Molson Coors reshuffles leadership team under new CEO
The Miller Lite owner is removing its commercial officer role as it looks to tackle challenges in the beer industry.
JM Smucker to spend over $120M on Hostess plant expansion
The Twinkies owner was acquired two years ago for $5.6 billion, but has since seen demand wane amid inflation and an uptick in the use of GLP-1 drugs.
Danone to pause litigation as part of truce with Lifeway Foods
The agreement, which also includes a board refresh, comes two weeks after the dairy giant abandoned plans to acquire the kefir maker.
Danone abandons acquisition of Lifeway Foods
The yogurt giant reportedly didn’t believe the two companies could work together effectively and wanted to pursue opportunities within its own portfolio.
Molson Coors is brewing a future beyond the beer tap
The alcohol giant has built a presence in everything from nonalcoholic cocktails to energy drinks to attract more consumers and offset a decline in beer consumption.
Activist investor pushes for PepsiCo turnaround with $4B stake
Elliott Investment Management said the food and beverage maker has become a “dramatic underperformer,” and there’s a “historic opportunity” to boost its stock price.
Recapping the leadership crisis engulfing Market Basket
The New England grocer recently dismissed a board member who supported its suspended CEO and won a court order barring two fired executives from its stores, local news outlets reported.
Grocery Outlet says it’s making progress on strategic initiatives
The discounter recorded its sixth consecutive quarter of achieving over $1 billion in net sales as it moved ahead on four goals set out by CEO Jason Potter earlier this year.
