News & Analysis on Food & Beverage Development & Technology
A key part of Target’s strategy to ‘reinvent’ its food offering will involve offering more local products, from specialty foods to craft beer, chairman and CEO Brian Cornell told analysts yesterday.
Most Americans eat meat. But only a small percentage eats meat snacks. So does this disconnect simply reflect the fact that beef doesn’t pair too well with a mid-morning mocha-latte, or is it proof of a huge, still largely untapped, market opportunity?
The US Food and Drug Administration has censured Frito-Lay for a leaky roof, dirty facility and possible cross contamination of manufactured food at a Tennessee snack food facility.
Natural and organic food manufacturer Hain Celestial Group continued its five year streak of earning double-digit quarterly sales growth thanks in part to a “channel agnostic go-to-market strategy,” according to the firm’s president and CEO.
Hormel Foods “balanced business model” allowed it to raise its profit outlook by taking advantage of lower pork prices to offset sales losses in its turkey operation related to the avian flu, executives said Aug. 19.
Evolve BioSystems is receiving a $2 million investment from Tate & Lyle Ventures to support Evolve’s ongoing clinical activities and preparations for commercial launch of its novel probiotic and prebiotic products.