Hormel Foods has announced a corporate restructuring that includes cutting 250 corporate and sales positions. Read more about this decision. Hormel is closing open roles and reducing certain positions to align resources with strategic priorities. The company is also implementing…
Food News
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A New Chapter in the Spirits Industry: John Paul DeJoria Ventures into Gin with Waterloo After the successful sale of Patrón Tequila for $5.1 billion, billionaire John Paul DeJoria is making a comeback in the alcohol industry, this time with…
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Plant-based brand Caulipower has been acquired by private equity firm Paine Schwartz Partners. Caulipower, known for its cauliflower-crust pizzas and other cauliflower-based products, will now be under Paine Schwartz’s Urban Farmer brand, which specializes in specialty dough products. The financial…
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Food News
Navigating the cocoa conundrum: Innovative approaches to maintaining indulgence and affordability
Recently, the food industry has been facing a major challenge in the cocoa sector. Cocoa prices have skyrocketed by 250%, reaching $10,000 per metric ton (Intercontinental Exchange Inc. and Bloomberg). This cocoa crisis is a result of various factors such…
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Hormel Foods Establishes Partnership with Forward Consumer Partners Hormel Foods is selling a majority stake in Justin’s, the popular nut spreads and confectionery brand, to a private investment firm for an undisclosed amount. The Spam and Planters manufacturer is selling…
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Dive Brief: Twenty-five states and Washington, D.C., have filed a lawsuit against the USDA for suspending SNAP benefits during the government shutdown. The coalition argues that the USDA’s refusal to issue November SNAP payments violates federal law. This suspension could…
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Key Takeaways: PepsiCo has unveiled a new corporate brand identity after 25 years to showcase its diverse global food and beverage portfolio. The updated logo features a white “P” surrounded by symbols representing food and grain, water, and sustainability, with…
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Leftovers is our look at a few of the product ideas popping up everywhere. Some are intriguing, some sound amazing and some are the kinds of ideas we would never dream of. We can’t write about everything that we get…
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Dive Brief: Danone is facing challenges meeting the high demand for its high-protein yogurts in the U.S. due to limited manufacturing capacity. The company is struggling to keep up with the popularity of its high-protein yogurts, such as Activia and…
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Exciting News in the Food Industry: A leading nutrition nonprofit has introduced the first-ever certification in the United States for food companies to showcase their products as non-ultraprocessed. The Non-UPF Program, which was unveiled at the end of 2024, announced…