Ferrero’s $3.1B bid for WK Kellogg Co. signals bold ambition amid cereal’s slump and health backlash. As big brands consolidate, legacy CPGs chase reinvention and reformulation in a shifting consumer wellness landscape.
Diageo, the spirits giant, is shifting its long-standing strategy by selectively selling off brands. The industry is watching closely to see whether this pivot will strengthen Diageo’s future or mirror the struggles of American food conglomerates.
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.
In 2024, companies like Kellanova view sustainability as a non-negotiable responsibility. Kellanova’s VP of global R&D recently advocated for better support for U.S. farmers and sustainable practices throughout the supply chain.
The latest Food Institute Fast Break news podcast touches on Chili’s eye-opening quarterly earnings report.
The latest Food Institute news podcast touches on Outback Steakhouse’s latest efforts to win back cash-strapped consumers.
The tough economic environment lately seems concentrated among lower-income consumers. Executives at Campbell and McCormick have pointed to particular weakness with that group.
Are the days of artificial red coloring numbered? Perhaps, judging by recent regulations and subsequent moves by major food manufacturers.
What WK Kellogg has done in its first three quarters as a standalone business is both an important step in the right direction and a validation of a spin-off strategy, wrote FI’s resident stock analyst.
During the financial crisis of 2008-09, the idea of a “bad bank” came into vogue. With financial institutions worldwide weighed down by non-performing mortgages, industry professionals argued that the proper path was to simply move …
