Food Business News
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Results 1 to 30Slideshow: New products from Reese’s, Häagen-Dazs and Tony’s Chocolonely
2023-02-03, 19:12KANSAS CITY — New introductions to grocery stores feature new sweet treat formulations and collaborations. Reese’s, a brand from the Hershey Co., added dipped animal crackers. The crackers, which come in 13 different shapes, are covered in peanut butter candy and dipped in milk chocolate. “Reese’s...
Post Consumer Brands debuts granola chips
2023-02-03, 19:12LAKEVILLE, MINN. — Post Consumer Brands is expanding its Honey Bunches of Oats brand with the launch of Honey Bunches of...
Lancaster Colony profit up on gains in foodservice
2023-02-03, 17:08WESTERVILLE, OHIO — Sales gains in the company’s New York Bakery frozen garlic bread and the continued success of its licensing program lifted earnings and sales at Lancaster Colony Corp. in the second quarter. The company also benefited from higher demand from select quick-service restaurant...
Late Subway co-founder leaves 50% of chain’s stake to charitable foundation
2023-02-03, 17:08NEW YORK – The Peter and Carmen Lucia Buck Foundation, Inc. (PCLB) will receive a bequest under the will of the late Peter Buck, PhD, of his 50% ownership of the Subway restaurant chain, the foundation said Jan. 30. Dr. Buck, who died in 2021, and Fred...
IFF debuts new cheese culture
2023-02-03, 17:08NEW YORK — IFF has launched a new high-performing cheese starter culture aimed at cheddar cheese manufacturers. Choozit Vintage is designed to mitigate common issues in the production of aged cheddar, such as gas and crystal formation or color and...
Chocolate, salty snacks prove recession-proof for Hershey
2023-02-03, 13:34HERSHEY, PA. — Even as inflation has impacted American grocery budgets, executives of the Hershey Co. are finding shoppers will still splurge on chocolate and salty snacks. As such, the maker of Reese’s and Skinny Pop plans to accelerate advertising in the year ahead. “Our largest categories,...
Little optimism voiced at World Economic Forum
2023-02-02, 22:53KANSAS CITY — Heads of state, business leaders and public policy experts met in Davos, Switzerland, for the World Economic Forum (WEF) annual meeting in mid-January to discuss the state of the global economy. While some presenters appeared hopeful about the near-term and long-term outlook, the group...
Same-store sales at Subway increase 9% in 2022
2023-02-02, 18:58MILFORD, CONN. — Subway exceeded 2022 global expectations and now has eight consecutive quarters of positive sales, the Milford-based company said Feb. 2. New product introductions and growth in digital and non-traditional channels drove the sales momentum. Globally, same-store sales in 2022...
Olymel to close two pork processing plants
2023-02-02, 17:29SAINT-HYACINTHE, QUE. — Olymel LP, a Canadian poultry and pork processor and distributor, plans to close its further processing facilities in Blainville and Laval, Que. The company said the decision was part of a reorganization started in 2021 to optimize operations. The last day of operations is...
What’s next for cultivated meat?
2023-02-02, 15:40BOSTON — Cultivated meat has come a long way in the past decade, but significant challenges remain as the industry carves a path toward large scale commercialization, according to experts who spoke at Tuft University’s first Cellular Agriculture Innovation Day. Mark Post, chief science officer at...
Opinion: Stepped-up climate tech investing promises major changes for baking
2023-02-02, 15:40KANSAS CITY — From advancing battery energy storage to drip irrigation, technology that provides sustainability and climate change mitigation benefits have been part of the investment landscape for decades. More recently, worsening climate change and other forces have accelerated capital flows into...
Pricing actions please Chili’s executives
2023-02-02, 15:40DALLAS — Discounting declined and prices rose at Chili’s Grill & Bar in the second quarter ended Dec. 28, 2022, but a $10.99 deal will stick around. Chili’s comparable store sales increased 8% in the quarter, and revenues rose 9% to $879 million from $808 million. “We executed incremental...
Mondelez expecting more of the same in 2023
2023-02-02, 15:40CHICAGO — While some of the market forces that have challenged food and beverage processors during the past 12 months may be easing, the leaders of Mondelez International see more of the same in the near future. “As far as assumptions go, we are planning for another year of double-digit inflation...
Mondelez ready to take Clif, Ricolino to the next level
2023-02-02, 13:33CHICAGO — Mondelez International, Inc., spent a combined $4.2 billion to acquire Clif Bar and Co., Emeryville, Calif., and the Ricolino confectionery business from Grupo Bimbo SAB de CV, Mexico City, Mexico, in 2022. After a period of integration, the company is now preparing to reap the benefits of...
Top trends and brands to watch in 2023
2023-02-01, 22:49Amrit Richmond is an independent strategist who consults with brands, investors and technology companies on consumer packaged goods insights and market research through Supermercato. She also the co-organizer of Indie CPG that creates content and community for founders of food, beverage and...
New owner for Mister Snacks
2023-02-01, 18:54GROVE CITY, PA. — The Howe Co. has acquired Amherst, NY-based Mister Snacks, a manufacturer of nuts, nut mixes, trail mixes and candy. Mister Snacks’ products primarily are sold...
J&J Snack earnings down on softer consumer climate
2023-02-01, 18:54PENNSAUKEN, NJ. — Ongoing inflationary pressures and the softening consumer environment weighed on first-quarter earnings at J&J Snack Foods. The Pennsauken-based company also felt the impact of a winter storm that affected most of the United States during two key selling weeks in December,...
Scoular Food Innovation debuts
2023-02-01, 18:54MINNEAPOLIS — Scoular has introduced a new name for its food ingredient business: Scoular Food Innovation. According to the company the new name “showcases its capabilities in providing innovative ingredients to customers” and reflects its...
Rebranding at Tate & Lyle includes new logo
2023-02-01, 18:54LONDON — Tate & Lyle, PLC has rebranded, which includes a new logo, typography, new imagery and a new narrative: science, solutions, society, the London-based company said Jan. 31. “Our commitment to science, solutions, society was born out of a deep...
Broadus Foods launches cereal line with Post
2023-02-01, 16:48LAKEVILLE, MINN. — Hip-hop stars Calvin “Snoop Dogg” Broadus and Percy “Master P” Miller have partnered with Post Consumer Brands to launch a line of cereal under the Broadus Foods’ Snoop Cereal brand. The three flagship flavors include: Snoop Cereal Fruity Hoopz: sweetened, multi-colored,...
Halo Top makes debut in baking aisle
2023-02-01, 16:48MINNEAPOLIS — Ice cream company Halo Top is expanding its portfolio with the addition of a line of boxed and single-serve baking mixes. The line, introduced under the brand name Halo Top Desserts, includes a light cake mix in single-serve cups, and light baking mixes for fudge...
Tahini brand enters snacking category
2023-02-01, 16:48PHILADELPHIA — Soom Foods has developed a snackable take on tahini. The maker of sesame seed spreads debuted Soom Tahini Bites, formulated with dates, oats, vanilla and sea salt, plus additions such as dried tart cherries and cacao powder. Offerings include cherry chocolate chip,...
Slideshow: Sweet and savory menu innovation
2023-02-01, 16:48KANSAS CITY — The evolution of restaurant flavors continues, as sweet collaborations and globally-inspired offerings take up more space on menus. In November 2022, restaurant review platform Yelp compiled popular keywords and phrases to determine its 10 picks for 2023 food and beverage trends. Yelp...
McDonald’s doubles down on restaurant development
2023-02-01, 15:17CHICAGO — McDonald’s Corp. plans to build hundreds of new restaurants around the globe this year, including its first new units in the United States in more than eight years. A strong comparable sales and brand performance has “given us the right to build new units at a faster rate than we have...
What consumers want in 2023
2023-01-31, 18:50CHICAGO — Consumer trends often evolve at what may be perceived as a glacial pace. Four trends seen to be emerging less than a decade ago — transparency, sustainability, nutrient density and cognitive health — now are becoming rooted in many consumers path to purchase, according to speakers at a...
Two Nutella snacks enter US market
2023-01-31, 18:50PARSIPANNY, NJ. — Chocolate hazelnut spread Nutella, a brand of The Ferrero Group, is introducing two new products to the US market. The individually wrapped Nutella B-Ready features a wafer shell filled with Nutella and sprinkled...
Plant-based cheese maker opens crowdfunding round
2023-01-31, 16:43LOS ANGELES — Non-dairy cheese maker Misha’s has opened a crowdfunding raise with a goal to secure $5 million in a post-seed, pre-Series A round. Potential investors may learn more and support the campaign at community.lovemishas.com. Founded in 2018, Misha’s has developed...
Upcycled chocolate chip cookie joins Brewer’s Foods portfolio
2023-01-31, 16:43SOMERVILLE, MASS. — Upcycled snack company Brewer’s Foods is launching an upcycled chocolate chip cookie, made using a sprouted barley byproduct from beer brewing. The...
Clean label bar supports music nonprofits
2023-01-31, 16:43SAN RAFAEL, CALIF. — Athletic snack entrepreneur Jennifer Maxwell is launching JAMBAR, an organic energy bar that is available in four flavors, including Chocolate Cha Cha, Malt Nut Melody, Jammin’ Jazzleberry and Musical Mango. Each JAMBAR variety is made using certified...
Reimagining the vending machine, one snack at a time
2023-01-31, 15:13SAN FRANCISCO — Ashley Nickelsen’s aspiration to reimagine typical vending machine snacks began with protein bars. Next up is a new spin on the classic peanut butter cup, formulated with functional ingredients and no added sugar. “Our central thesis is we’re rethinking junk food,” said Ms....
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