Coca-Cola CEO Muhtar Kent will be stepping down on May 1 from the position he has held since 2008, but will continue his role as chairman. The company's current COO and president, James Quincey, will take over as CEO when Kent departs.
Frankford Candy Company is seeing its Wonder Ball products "flying off the shelf" after relaunching the brand in Wal-Mart stores this year, said Director of Marketing Molly Jacobson. The treat-filled hollow chocolate balls currently contain Minions-branded characters, and the company debuted its "Wonder Ball is Back" contest to promote the relaunch.
Mountain Dew's Super Bowl spot featuring a "PuppyMonkeyBaby" was among the ten most-watched ads of the year on YouTube. The commercial uses a fictional animal to present the message that Mountain Dew Kickstart has juice, soda and caffeine, all combined into one drink.
PepsiCo plans to debut LIFEWTR, a premium bottled water that is pH balanced using electrolytes, this February. The bottles will feature a rotating collection of labels designed by well-known artists to appeal to millennial consumers.
Incoming Tyson Foods CEO Tom Hayes told investors yesterday that he expects the company to focus strongly on acquisitions and innovations, thanks in part to Tyson's newly-established $150 million venture fund. He also foresees growth coming from highly-populated, developing countries such China and India.
Starbucks will debut its Cocoa and Honey with Cream ready-to-drink cold brew line this spring in select markets. The company also aims to launch a four-SKU range of Teavana Craft Iced Teas next year as part of a partnership with Anheuser-Busch.
Almost 40% of shoppers have purchased seasonal chocolates this year after 27% of consumers did the same in 2014, according to Packaged Facts. Although it can be difficult to provide the necessary support for seasonal products, successful brands make doing so a priority throughout the holidays, noted David Sprinkle, research director for Packaged Facts.
Barry Callebaut's 3D chocolate printer that it is creating in partnership with byFlow will offer "the chocolate experience of tomorrow" the company said. "With the 3D chocolate printer, we can combine our rich legacy in chocolate making with the technologies of tomorrow," said Pascale Meulemeester, vice president of global gourmet for Barry Callebaut.
Cheesemaking in the Northeast has grown big enough to warrant its own festival. The Great Northeast Cheese & Dairy Festival in Queens, N.Y., this weekend will feature a tasting of 75 cheese varieties from regional producers.
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