BREAKING: Panera CEO Steps Down
Panera CEO Jose Alberto Dueñas stepped down from his role as CEO today, with current CFO Paul Carbone taking his place until a permanent position holder is found. What could this mean for the future of the chain?
Panera CEO Jose Alberto Dueñas stepped down from his role as CEO today, with current CFO Paul Carbone taking his place until a permanent position holder is found. What could this mean for the future of the chain?
Conagra is reportedly exploring the sale of its Chef Boyardee brand, a once-dominant player now struggling amid shifting consumer preferences for healthier options, as many similar legacy brands face limited growth prospects.
Federal judges on Tuesday blocked the proposed Kroger-Albertsons merger, citing concerns over reduced competition. The ruling presents an opportunity for smaller grocers to leverage personalized customer experiences to compete against retail giants.
Private equity firm Blackstone on Tuesday announced its $8 billion acquisition of Jersey Mike’s. One industry insider feels the blockbuster deal signals an optimistic outlook for M&A in the sector.
PepsiCo’s acquisition of Siete Foods is a bold move, especially given that valuations in the Hispanic food space have traditionally been lower than expected. Siete’s better-for-you product line fits well into Pepsi’s snack portfolio, though.
Since its spin-off from Ralcorp, Post has spent over $10 billion on acquisitions. It has taken impairment changes relative to acquired assets of less than $300 million. Meanwhile, off a cereal business worth about $2 billion, Post and Bellring are now worth over $20 billion combined (including the respective companies’ debt).
Plant-based chain Next Level Burger has acquired Veggie Grill from vegan investment fund VegInvest. The Food Institute spoke with industry analysts to unpack the potential ramifications of this transaction amidst ongoing financial challenges for plant-based and the restaurant industry at large.
Inflation is ebbing and the economy is weathering the rate hikes well. Unemployment is at a 50-year low, and recent tech layoffs are minimal compared to the volume of employees hired by those same companies the past several years.
Appetite for M&A remains strong despite economic headwinds U.S. food, beverage and agribusiness (“FB&A”) M&A volume peaked in 2021 (by number of announced deals), according to S&P Capital IQ, and while deal flow during the …
The U.S. Federal Trade Commission will need to approve Kroger and Albertsons’ planned merger, and that agency has taken a skeptical view of corporate consolidation in recent years.
Kroger Co. will merge with rival U.S. grocer Albertsons Cos. – a move that will create a grocery giant.
NEW YORK, Oct. 12, 2022/FINewswire/– The Food Institute, the leading source for food industry news, data, and trends, announced today that the Company has acquired four Latin America-focused food media platforms: Global Fruit Latam, Global …
PINE BROOK, N.J., Mar. 1, 2022/FINewswire/– The Food Institute, the leading source for food industry news, data, and trends, announced today that the company has secured a second round of investment capital from the Gellert …
Interactive & Educational Conference Designed to Meet the Needs of Retailers, Foodservice Operators, Food Manufacturers, Investors, Financial Services and Policy Makers, Scheduled for June 1-3 February 16, 2022/FI Newswire/ – The Food Institute and The Lempert …
Energy drink-maker Monster Beverage Corp and Constellation Brands Inc., which brews Corona beer, are reportedly in talks for a possible merger. What would a Monster-Constellation mash-up mean? Jameson Sharp, investment group partner and analyst with …
Merger and acquisition activity in the food and beverage industry heated up in 2021, making up for lost time in the early days of the pandemic, but industry experts told The Food Institute the trend …
The sandwich market’s potential appears to be underscored by recent quick-service restaurant acquisitions. In the span of two weeks, a pair of QSR parent companies expanded their culinary offerings via acquisitions of established brands. Restaurant …
Elizabeth, NJ, Nov. 2, 2021/FINewswire/– The Gellert Global Group has purchased specific assets of Mitsui Foods, Inc., a subsidiary of Mitsui & Co. (U.S.A.), Inc. Since 1953, Mitsui Foods has been importing fine grocery and …
Despite the pandemic, 2020 was a big year for agtech M&A activity. According to AgFunder’s 2021 Farm Tech Investment Report, 37 agriculture technology M&A deals were completed in fiscal year 2020. As is often the case, …
The food and beverage industry has seen no shortage of mergers and acquisitions of late, to put it mildly. And that begs the question: What, exactly, are the driving forces behind these transactions? In a recent webinar …
In a major merger announced Thursday, Panera Bread joined forces with Caribou Coffee and Einstein Bros. Bagels to form Panera Brands. The new group includes more than 4,000 fast-casual restaurants. The pact sent reverberations throughout …
As demand for chicken products rises, and the meat industry addresses anti-competitive behavior, Sanderson Farms Inc. is reportedly exploring a sale. POSSIBLE SANDERSON SALE Sanderson Farms tapped Centerview Partners for advice on its potential sale …
Acquisitions and IPOs seem to be gaining momentum heading into the summer. Here’s a look at notable business moves in the food industry in recent days: PILGRIM’S PRIDE TO ACQUIRE KERRY CONSUMER FOODS Pilgrim’s Pride …
In the Fall and Winter of 2020, the market witnessed several high-profile CPG acquisitions by strategic multinational CPG players. I want to contrast two cases that live on extreme ends of the typical continuum of …
On March 17, The Food Institute hosted a webinar on the prospects for mergers and acquisitions activity in the food industry. The event provided a deep dive into M&A trends, with analysis from Lech Czerski, …
Many investors are chasing the next RX Bar deal. They scan trade PR, follow Bevnet, and angle in aggressively on the latest fad-driven startups. When these folks approach founders, they like to pressure the founder …
The food industry is one of many accelerating the use of special purpose acquisition companies. But with SPACs positioned to quadruple this year, are these companies poised to become the next Internet bubble or subprime …
Nestle has agreed to sell its regional spring water brands, purified water business and beverage delivery service in North America to One Rock Capital Partners, in partnership with Metropoulos & Co., for $4.3 billion. The sale includes …
Hormel is reportedly in talks to buy Planters from Kraft Heinz for approximately $3 billion. Citing people familiar with the matter, The Wall Street Journal said the deal could be announced as early as next …
McCormick & Company, which manufactures spices, seasoning mixes, and more for a large swath of the food industry, has worked feverishly in recent months to strengthen and diversify its business through strategic acquisitions. In particular, …