Dive Brief: Keurig Dr Pepper has appointed Rafael Oliveira, the current CEO of JDE Peet’s, to lead its coffee business ahead of a planned spinoff. Oliveira, who has been CEO of Peet’s since November 2024, brings a wealth of experience…
Tag:
spinoff
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Key Points: Keurig Dr Pepper anticipates approximately $200 million in supply chain savings for its coffee business over the next three years following the acquisition of JDE Peet’s. The company plans to spin off its coffee unit into a separate…
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Unilever has decided to delay the spin-off of its ice cream business due to the ongoing U.S. government shutdown. Despite this setback, the company still anticipates completing the divestiture by 2025. The original plan was to separate The Magnum Ice…
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The co-founders of Ben & Jerry’s are currently advocating for the popular brand to be allowed to operate independently once again, separate from Unilever’s upcoming spinoff of its ice cream business in November. In an open letter addressed to The…
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Dive Brief: The Chief Financial Officer (CFO) of Kellanova, previously known as Kellogg Company, has resigned to join consumer health firm Kenvue as their top financial executive effective May 12, according to filings from both companies. Amit Banati, aged 56,…
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After separating into a standalone cereal business almost a year ago, WK Kellogg Co is making strides in expanding its market share within the breakfast category. CEO Gary Pilnick recently informed investors that nine out of WK Kellogg’s eleven major…