An acquisition, CPG executive shakeups and plant-based products made waves with SmartBrief’s food and beverage readers this week, with news of Ferrero’s $1.3 billion acquisition from Kellogg being the most-clicked story. Ferrero will acquire the Famous Amos, Keebler and fruit snack lines as part of the deal, which will help Kellogg focus more strategically on core brands.
Changes in the C-suite proved popular this week as Campbell Soup eliminated its chief operating officer position and PepsiCo Foods named Steven Williams as its new CEO following the announced departure of Vivek Sankaran.
Plant-based burgers and other products also featured prominently on this week’s hit list. On the CPG side, Nestle announced that it will bring the plant-based Sweet Earth Awesome Burger to store shelves by the end of the year, while restaurant industry readers took in news about Burger King’s test of the Impossible Whopper.
Read all of this week’s top stories:
1. Ferrero acquiring cookie, fruit snack brands from Kellogg for $1.3B
2. Campbell Soup phases out COO position
3. Williams named CEO of PepsiCo Foods as Sankaran departs
4. Nestle bringing plant-based Awesome Burger to US shelves
5. Burger King tests plant-based Impossible Whopper
6. Proposed overtime regulation changes could affect benefits
7. Kraft Heinz rolling out Brunchables line
8. Nestle: "Potential is huge" in category catering to new moms
9. P&G debuts Home Made Simple line of plant-based products
10. ThinkThin undergoes name change
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- Restaurants turn to parties and perks to recruit, retain employees
- Creating an elevated experience at the intersection of food and entertainment
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