Chobani is entering the traditional low-fat yogurt category with the launch of Chobani Smooth, which boasts twice the protein and 25% less sugar than its competitors. "This is the most delicious traditional yogurt in the marketplace," said CEO Hamdi Ulukaya.
Fresh Del Monte Produce has joined forces with Del Monte Pacific to produce new juices, chilled fruit snacks and other healthful foods as well as launch branded retail locations. The collaborative effort will launch in the US and may expand to other markets.
Snyder's-Lance has named Brian Driscoll its president and CEO. Driscoll, who has served in the role on an interim basis since the April departure of previous CEO Carl Lee Jr., will now hold the title on a more permanent basis.
Hostess has debuted Chocolate Peanut Butter Twinkies, a chocolate cake version of its classic Twinkies snack filled with peanut butter creme. Both single-pack and multi-pack versions of the product are currently hitting store shelves.
Kellogg has reportedly adjusted its payment terms to "significantly extend" the time allotted for payment by retailers, according to a Bernstein Research report. The payment extensions are said to cost the company a small amount compared to its overall revenue, the report noted.
Snack firm Wise is using partnerships with the Atlanta Braves and New York Mets to build brand awareness and expand its audience in new regions. Wise created new products for the teams, such as ball-shaped Fastball Cheez Doodles and Stadium Nacho-flavored Bravos, which allowed the brand to get into the hands of baseball fans who may not be familiar with Wise.
Employees in two Canadian factories make Lush Handmade Cosmetics' bath bombs and other products by hand, and the work has grown along with the UK-based brand's store base in the US and Canada. The chain will shift away from new store openings and focus on expanding existing locations, a move that's not expected to dampen demand for the preservative-free products.
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.
- Page 1