Conagra Brands has proposed a $500 million redevelopment plan to remake its campus in downtown Omaha, Neb., over a 10-year period starting in 2019. "This is a turning point for the 1,200 Conagra employees who work on the campus and all of us who live and work in Omaha," said Mayor Jean Stothert.
Final bids are reportedly due this week for Unilever's spreads division, which includes brands such as Flora and I Can't Believe It's Not Butter. The spreads unit is said to be worth approximately $8 billion.
Firmenich has named fig its 2018 flavor of the year, citing the fruit's connotations of healthfulness and authenticity. With 80% global growth in fig-flavored products from 2012-16, figs are well-positioned to be represented in both savory and sweet products, said Chris Millington of Firmenich.
Ferrero Rocher has opened a pop-up immersion in London dedicated to the tastes that make up the layers of the gold foil-wrapped candy. Guests of Ferrero Rocher: Behind the Layers are treated to a two-story experience that includes five desserts developed by chef Paul Hannagen.
Coca-Cola vet Calin Dragan has been named president of the company's Bottling Investments Group, effective Jan. 1. Dragan will succeed Irial Finan, who will serve as an executive adviser until his retirement from the company in March.
National Beverage Corp. is introducing a new shelf-placement strategy in a bid to revolutionize sparkling water sales. The company plans to position its products, which include LaCroix and Shasta sparkling water, according to the new "shelf demographics" concept, meant to reach new users through local targeting, said CEO Nick Caporella.
Because impulse buys make up roughly one-third of all beverage sales, purchases of these products could decline significantly if beverage producers don't become more deeply immersed in e-commerce, analysts say. "Until the day we have instantaneous cold beverages delivered to our home while we're sitting at our computer, e-commerce challenges impulse," said Ali Dibadj, a Bernstein analyst.
Harmless Harvest has launched a holiday-themed gift pack, which comprises 12 bottles of coconut water wrapped in red bow- and snowflake-adorned packaging. "We wanted to bring a bit of holiday spirit to our packaging this year and empower our consumers to make hydration a priority this holiday season," said CEO Giannella Alvarez.
Pennsylvania State Rep. Mark Mustio says he will file a measure in the state legislature to pre-empt local taxes on sweetened beverages, which could impact the 1.5 cent-per-ounce tax on drinks in Philadelphia that went into effect almost a year ago. "The imposition of this unfair tax is threatening those efforts in a very real way, with some grocery stores reporting as much as a 20 percent drop in overall revenue since its inception," Mustio says.
Hershey is responding to rumors that it is contemplating a semi-processed cocoa facility in Ivory Coast, saying that its cocoa sourcing strategies have remained the same. "As I said before, we do not process cocoa and that approach to how we operate our business has not changed," said Jeff Beckman, director of corporate communications at Hershey.
- Page 1