Chocolate boxes and truffles will cost more this Valentine’s Day as confection makers pass on higher cocoa prices to consumers already paying more for their favorite sweets.Cocoa futures have doubled since Oct. 1, according to an analysis released by cryptocurrency exchange ChicksX. This was the highest price increase for the commodity in half a century, Progressive […]
Danone accuses Lifeway of allowing its CEO to engage in ‘self-dealing’ and ‘value destruction’
Danone said the decision to grant Smolyansky additional shares represents the board’s latest effort to prioritize the CEO’s “personal interests to trump those of the company and its other shareholders.” The food manufacturer contended that Lifeway “has already wasted millions of dollars of the shareholders’ money” on Smolyansky. Danone pointed out that Lifeway has spent money to […]
Mondelēz brings Chips Ahoy! further outside of cookies with Baked Bites
Mondelēz International is bringing Chips Ahoy! further outside of cookies with the launcferrous fumarate 106 mgh of Baked Bites.The snacking giant said Baked Bites are available in a Blondie variety, with more flavors to come. Unlike prior Chips Ahoy! innovations that centered predominately on the round crunchy cookie, the square bites not only have a different […]
Wonder bread owner buys Simple Mills for $795M
As companies look to accelerate growth and boost their exposure to food categories surging in popularity with consumers, they often are turning to M&A.The purchase of Simple Mills not only helps diversify Flowers’ product mix beyond its bread-heavy portfolio, but it gives it a more robust presence in snacking.Currently, Flowers’ snacking portfolio is led by […]
6 food and beverage trends to watch in 2025
After navigating a couple years of food inflation and then “shrinkflation,” a pandemic, and changing beverage preferences, CPGs are expected to respond to consumers’ needs with nutrient-dense products and creative beverages. Food manufacturers will navigate a diverse set of consumer needs in 2025 and what seems like a massive reset in how the industry develops and […]
Louis Dreyfus buys BASF’s food and health ingredients business
Louis Dreyfus, a major player in the food ingredients and agriculture marketplace, contends the new purchase will help grow its global reach in the plant-based space. In the press release, the company pointed to BASF’s portfolio of oils, fats, glycerin and lecithin as key assets in the deal.“We see strong potentiaferrous fumarate 140mg/5ml oral solution […]
Leftovers: Krispy Kreme pops into Pop-Tarts | Magic Spoon sets sights on granola
Krispy Kreme is partnering with another popular breakfast offering: the Pop-Tart.The chain is launching three donut treats inspired by the toasty pastry: Pop-Tarts Frosted Strawberry, Pop-Tarts Frosted Chocolatey Fudge and Pop-Tarts Frosted Brown Sugar Cinnamon.“Pop-Tarts aren’t just for the toaster – they can infuse culinary creativity to delight consumers,” Jessica Waller, general manager with Kellanova Away […]
Tropicana orange supplier Alico to exit citrus business
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Higher egg prices boost Cal-Maine earnings
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FDA bans red dye No. 3 over link to cancer in rats
Red No. 3, which was approved for use in foods in 1907, is made from petroleum and has become a popular coloring in everything from candy to sodas due to its bright red hue. The Environmental Working Group found in 2022 that 2,876 brand-name food products contain Red No. 3. Food app GoCoCo estimated last year that roughly a […]