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General Mills plans to revive cereal sales by offering products that have taste, convenience, and health benefits, while investing in brand building, according to the company's CEO. Meanwhile, sales of baking mixes and ingredients declined over the past five years, losing space to brands like Kodiak Cakes, even though Kodiak's annual revenue is less than one-tenth of General Mills' baking sales. Food Institute Focus
Ferrero USA opened a distribution center in Goodyear, AZ, as part of its effort to increase investment in its U.S. presence. Initially, the facility will be used to distribute Butterfinger, Baby Ruth, and Crunch throughout North America, and over time, the facility will distribute other Ferrero brands, including Ferrero Rocher, Nutella, Tic Tac, and Kinder. Full Story
The Coastal Companies acquired Lancaster Foods, a retail produce distributor and processor. The deal enhances The Coastal Companies' retail presence and expands Lancaster's product offering to include grab-and-go, RTE, and prepared foods. Lancaster will continue to operate from its facility in Jessup, MD. Full Story
Back to Nature moved to solely plant-based snack products. Other than honey, its snacks avoid any ingredients sourced from animals. In addition, the relaunch includes a redesign of the brand's logo and packaging for all products as well as its website and communications. Full Story
Kerry Group's China revenue is expected to fall 30% in the first quarter due to the coronavirus outbreak, but it hopes to return its five Chinese factories to full capacity within weeks. The first quarter slowdown in China will cut annual global revenues by 0.5% in Kerry's Taste & Nutrition unit, which contributed over 80% of the group's global revenues in 2019, reported Reuters. Full Story
Upper Saddle River, NJ (February 11, 2020) - The Food Institute, a New Jersey-based news and market research company founded in 1928, is proud to announce the appointment of Richard Bei as Chief Operating Officer and Head of Data Science.
In our Feb. 3 issue, we reported on Fairway Market’s filing for Chapter 11 bankruptcy and the pending sale of up to five of its New York City stores plus distribution center to ShopRite owner-operator Village Super Market for $70 million. In this article, we delve deeper into the root causes of Fairway’s demise, and the general factors plaguing the supermarket industry as a whole.read more
General Mills plans to drive continued cereal growth by offering products that have taste, convenience, and health benefits, while investing in brand building, reported CNBC (Feb....read more
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