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Kraft Heinz hires Hershey’s exec as chief sales officer
Marlene Creighton will oversee the U.S. sales force at the Oscar Mayer maker and will be responsible for driving customer and channel growth.
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Nestlé names company veteran Laurent Freixe as CEO
He will replace Mark Schneider, who is resigning after eight years in the role. The change comes as the Lean Cuisine maker struggles with cash-strapped customers cutting back on spending.
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Column
The Weekly Sip: Beyoncé brings Southern roots to Moët Hennessy whisky | Dunkin’ spikes pumpkin spice
In other beverage news, upstart brand Disco Disco aims to supply travelers with high-quality coffee through its unique pour-over packets.
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AI could pose risk for food and ag companies
ADM and other businesses are disclosing potential pitfalls of artificial intelligence as the technology becomes more essential for growth.
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Hormel taps former Applegate president to lead retail division
The appointment of John Ghingo comes as the company plans to double down on its snacking business amid volatility in the meat sector.
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Howtian debuts innovation in stevia sweetener market
SoPure Dorado is a zero calorie sweetener that maintains its golden hue throughout the production process.
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Column
Ingredients in Focus: Hemp protein
The ingredient is gaining popularity for use in plant-based meats, smoothies and baked goods.
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Unilever spices up Hellmann’s with flavored mayo
The brand, with more than $2 billion in global sales, has introduced new flavor options like Chipotle and Garlic Aioli to attract younger consumers and increase usage occasions for the condiment.
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Louis Dreyfus forms dedicated pulses unit
The processor is capitalizing on global demand for beans, peas, chickpeas and lentils, which have gained prominence as a meat alternative.
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Beyond Meat’s financial woes magnified through late payments
Despite optimistic comments from CEO Ethan Brown, the company is overdue on a third of its payments to vendors in 2024.
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Pilgrim’s Pride to pay $100M in largest protein antitrust settlement
The poultry processor, along with rivals including Tyson and Perdue Farms, was accused of conspiring to suppress the pay of chicken farmers.
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AB InBev to shutter Anheuser-Busch distribution facility
The brewer’s closure of the Massachusetts plant will impact 193 jobs. It comes amid a national decline in beer volumes.
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Consumers still reaching for ‘feel good’ products: Whole Foods exec
Even though consumers are wary of food price fluctuations, premium products are still the most desired.
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Marvel actor and film producer partner on nostalgic canned cocktails
Lake Hour, co-founded by Wyatt Russell, aims to offer a more appealing, less sugary alternative to mainstream hard seltzer brands.
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Kamala Harris proposes food ‘price-gouging’ ban as part of economic platform
Trade groups had mixed reactions to the policy proposal, with FMI disputing the allegations that companies inflate the price of groceries.
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Deep Dive
Hard seltzer started a new category, but will canned cocktails sustain momentum long term?
The push for premium RTD beverages is relying on real spirits and unique flavors to keep the ball rolling.
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How a former agriculture industry exec found himself CEO of cultivated meat company Meatable
Jeff “Trip” Tripician is looking to work with the meat industry rather than pitting the two against each other.
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Can canned food outlast competition from flexible plastic alternatives?
With consumers feeling squeezed by inflation, food companies like Bush’s Beans and suppliers such as Sonoco see cans as a reliable space to grow in while also meeting sustainability goals.
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Leftovers: Ben & Jerry’s seeks to scoop up votes | Goodles debuts deluxe mac and cheese
The Vermont ice cream brand aims to energize consumers ahead of the election with its new flavor, and Up, Inc. collaborates on naan bread made from upcycled flour.
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Lifeway Foods family feud heats up as shareholders push CEO to resign
The brother and mother of CEO Julie Smolyansky are accusing the executive of steering the company off course.
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Elmhurst 1925 launches a plant-based chicken powder
This is the company’s first product innovation outside of the dairy alternative space.
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Snacking supernova: Kellanova CEO says purchase by Mars will spark innovation
Steve Cahillane, who plans to exit the company after the deal goes through, said in an interview the nearly $36 billion acquisition will help the Pringles producer grow in new markets.
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The Weekly Sip: Illy debuts frozen coffee in US | Torani pours trendy Southern flavor
In other beverage news, Cheeky Cocktails shakes up homemade drinks with Almond and Hot Honey flavored mixers.
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Fonterra and Superbrewed Food join forces for biomass protein technology
Under the partnership, the companies seek to address growing consumer demand for protein.
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Ingredients in Focus: Citrus fibers
Ingredion is tapping into its commitment to elevate consumers’ eating experiences by launching a clean-label texturizer in its Fibertex CF product.