The day any entrepreneur decides to sell his or her business is “always bittersweet” observed Jonathan Sebastiani after selling KRAVE Jerky to Hershey for $218m in January 2015. So how does it feel - five years later - to be back at the helm after buying...
Hormel Foods-owned Rochelle Foods is reopening its 400,000-square-foot plant in Illinois – which produces microwaveable and precooked bacon for foodservice and retail, deli hams, and Hormel Compleats microwaveable meals – after two weeks of temporary...
By Soup-To-Nuts Podcast: Navigating coronavirus’ uneven impact to chart a path forward for groceries
While some food and beverage brands have enjoyed tremendous growth following the coronavirus outbreak, others have been completely "pummeled" by government and consumer response to the virus – revealing a division that could provide a road map...
In the past two weeks, more than a dozen food and beverage companies – many of which are small and struggling to operate during the pandemic – have teamed with the KIND Foundation’s and Project N95’s recently launched Frontline Impact Project to donate...
Echoing recent comments from the CEOs of Coca-Cola and Mondelēz International, Kraft Heinz CEO Miguel Patricio told analysts Thursday that he is focusing on core SKUs to deliver supply chain efficiencies and delaying new product launches, although it’s...
Driven by strong demand for its snacks products in North America, Mondelēz International reported 2.6% growth in net revenue to $6.7bn for Q1 2020, offsetting sales downturns in other areas of the business including world travel retail and away-from-home...
Partnership for a Healthier America (PHA) is teaming up with baby and kids food manufacturers, early childhood educators, and other key stakeholders under its 'Shaping Early Palates Initiative', which aims to disrupt the marketplace of childhood...
While "banana bread is having a moment" during the lockdown, most consumers that didn't previously have great cooking skills are "not turning into gourmet chefs," and when it comes to dinnertime, they're looking for 'heat-and-eat'...
As the pandemic unfolds, many investors are hitting pause on cash injections into early-stage brands. But for VC funds BFG Partners and BIGR Ventures, the crisis has made investment decisions more clear in terms of what separates an 'OK' brand...
As measures designed to flatten the curve of the coronavirus pandemic continue to flatten the economy simultaneously, many companies are making tough decisions to survive, including whether to pull-back on expansion plans, lay off employees, rationalize...
Unlike many emerging brands, which have had to ramp up - on in some cases create from scratch - e-commerce capabilities during this pandemic, Magic Spoon has been a direct-to-consumer business from the outset, and sales are going through the roof, say...
Strong food & beverage brands with world class management teams will continue to attract funding, but valuations are “falling by the minute,” and the days of throwing money at emerging brands and seeing what sticks are over, at least for now, says...
The way consumers are shopping during the COVID-19 public health pandemic has changed drastically with significantly fewer trips being made to physical grocery stores and a rise in online shopping, according to a new survey of 2,012 US consumers conducted...
As wait times for delivery windows from traditional grocery retail ecommerce sites stretch further into the future, Americans increasingly are buying products directly from manufacturers’ websites during the coronavirus pandemic, creating an opportunity...
Kraft Heinz has closed, deep-cleaned, then rapidly re-opened, manufacturing facilities in Holland, Michigan, and Springfield, Missouri, after employees tested positive for COVID-19.
