Nestle is under pressure from an activist investor to divest its L'Oreal brand and cut underperforming lines from its portfolio. "As always, we keep an open dialogue with all of our shareholders, and we remain committed to executing our strategy and creating long-term shareholder value," Nestle responded.
Annie's Homegrown President John Foraker is hailing Amazon's recent offer to purchase Whole Foods as a unique opportunity to bring food to the 23 million Americans who live in areas without easy access to grocery stores. "The thought of Whole Food's mission combined with technology and the ability of a company like Amazon to help conquer some of the last-mile issues that have prevented access and distribution into really difficult places seems like a golden opportunity," he said.
Coca-Cola is partnering with streetwear designer Kith to produce a limited-edition Converse Chuck Taylor All Star sneaker with a frayed top and the Coca-Cola logo emblazoned in red print. This is the beverage brand's second collaboration with Kith following a previous line that featured hats, shirts, jackets and hoodies.
Hershey is easing the transition from truck to shelf with new retail-ready packaging. Starting next month, all of the firm's packaged chocolate candy lines will be shipped in convertible cases, which Hershey successfully tested in Wal-Mart stores during last year's holiday season.
Functional beverages, wellness bars and meat snacks have seen steady growth over the past several years, said Denise Purcell of the Specialty Food Association, which recently hosted its Summer Fancy Food Show. Among the show's hottest trends were Moroccan flavors, enhanced waters, ready-to-drink soups and bite-sized snacks.
StarKist is commemorating its 100th anniversary by donating $100,000 to Feed the Children. The Pittsburgh-based company will also give the organization $50,000 worth of salmon and tuna products to assist in the group's mission of battling hunger.
Because Jones Soda Co. is known for its carbonated products, the company launched its latest release, the non-carbonated Lemoncocco, without branding it as a Jones product, said CEO Jennifer Cue. The beverage is based on a popular Italian drink and includes the flavors of coconut cream and Sicilian lemons.
After 100 years, Retail Confectioners International still puts on events and works to inform members on regulatory changes. RCI also continues to provide input for a two-week University of Wisconsin candy school, along with the National Confectioners Association and other groups.
Hostess Brands has launched new Cinnamon Sugar Crunch Donettes and Apple Streusel Coffee Cakes in its suite of breakfast products. "The fresh take on our classic Donettes and Coffee Cakes will provide consumers with new options in a category that can be enjoyed all day long," said Burke Raine, senior vice president and chief marketing officer for Hostess.
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