Month March 2024

Plant-based alternatives face ultra-processed pushback

LONDON — Brands offering ultra-processed foods (UPFs) should promote their legitimate health advantages, with plant-based meat alternatives being an example, according to GlobalData, a data and analytics company based in London. “Given the pervasive nature of UPFs, the most logical…

Grocery prices nearing pre-pandemic affordability

ARLINGTON, VA. — While consumers remain concerned about high food costs, at home food prices and away from home food prices are nearly as affordable as they were in January 2020. Leo Feler, PhD, chief economist at data insights firm…

RBI shuffles leadership team | Food Business News

TORONTO  —  Restaurant Brands International has shuffled its leadership team to support its long-term growth plans. The company has promoted Sami Siddiqui from president of Popeyes United States and Canada to chief financial officer. Siddiqui succeeds Matt Dunnigan who is…

‘Insurgent’ food and beverage brands to watch

NEW YORK — The consultancy Bain & Co. has published a list of food and beverage “insurgent brands” to watch this year, including mainstays like Chobani Inc., Impossible Foods and Kodiak as well as newcomers like Barebells, Bobo’s, Carbone, Chomps…

S&P 500 sets a fresh record despite hotter-than-expected CPI

Home » S&P 500 sets a fresh record despite hotter-than-expected CPI Source: Sosland Publishing Co. Recap for March 12 Despite data indicating the latest CPI numbers were hotter-than-expected, major US equity indexes closed higher Tuesday with the S&P 500 notching…

Campbell’s acquisition of Sovos closes for $2.7 billion

CAMDEN, NJ. — The Campbell Soup Co. has completed its acquisition of Sovos Brands, Inc. for $23 per share in an all-cash transaction valued at about $2.7 billion. The Sovos Brands portfolio includes pasta sauces, dry pasta, soups, frozen entrees,…

Tyson Ventures seeking supply chain technology companies

SPRINGDALE, ARK. — Tyson Ventures, the venture capital arm of Tyson Foods, is accepting applications for its third Tyson Demo Days. Tyson Demo Day 2024, which is being held at Tyson’s world headquarters in Springdale on July 17, aims to…

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