Breaking News: Coca-Cola Announces CEO Succession Plan Henrique Braun, current COO of Coca-Cola, will take over as CEO on March 31, following the announcement made by the company on Wednesday. Braun and outgoing CEO James Quincey both have a long…
Category:
Food News
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Brown-Forman, a leading spirits company, has reported a significant decline in sales in Canada due to an ongoing boycott of U.S. alcohol sparked by President Donald Trump’s tariff policies. Sales in the country dropped by 62% in the second quarter,…
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The Campbell’s Company Acquires Majority Stake in Rao’s Pasta Sauce Maker The Campbell’s Company has announced its acquisition of a 49% stake in La Regina, the manufacturer of Rao’s pasta sauce, with an option to purchase the remaining shares. The…
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As part of a significant cost-cutting review, PepsiCo is streamlining its product offerings by nearly 20% in response to a slowdown in consumer spending and pressure from an activist investor. The company, known for brands like Doritos and Mountain Dew,…
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Exciting News: Mars gets final approval for $36 billion acquisition of Kellanova Mars is set to finalize its $36 billion purchase of Kellanova, the company behind Pringles, on December 11th following approval from the European Union. The EU, the last…
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Key Points: President Donald Trump has ordered a federal investigation into U.S. food-related industries and foreign-controlled companies for potential price fixing in response to rising grocery costs. The Department of Justice and the Federal Trade Commission have been directed to…
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Mondelēz International, the company behind Oreo cookies, Chips Ahoy!, Ritz, and Perfect Bar, has developed a cutting-edge generative artificial intelligence tool called AIDA (AI + Data). This innovative tool, created at a cost of over $40 million, empowers Mondelēz to…
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An AriZona Beverages subsidiary has bought a beverage packing facility in Anaheim, California, in a move to re-establish production at a shuttered facility. AriZona subsidiary Beverage Packers West bought the facility, plus equipment from Manna Beverages, for an undisclosed amount.…
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With the rise of the nonalcoholic beer category, hop water has carved out its own niche. Often referred to as the “LaCroix of beer,” hop water is a sparkling water infused with hops, offering a unique flavor profile without the…
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Key Takeaways: Tyson Foods has successfully navigated challenges in livestock supply by focusing on value-added products and operational efficiencies in its production facilities during FY25. The company’s efforts to address reduced beef and pork availability have yielded positive results, with…