US food giant Kraft Heinz is selling its 50.1% stake in its joint venture, Heinz Foods SA, to Bokomo cereals and Sasko bread maker Pioneer Foods for an undisclosed amount.
Nestlé has become the latest CPG company that aims use only cage-free eggs for all of its products globally by 2025, following similar moves made recently by General Mills and Mondelēz.
NightFood Holdings is currently researching cannabidiol’s (CBD) medicinal benefits for sleep, hoping to develop or acquire a line of infused snacks in 2018.
Salty snacks and nut volumes have stagnated in the UK in the past year, due to a lack of strong product innovation, says IRI senior European insight manager, Olly Abotorabi.
Bakery and snack companies need to ensure brand licensing agreements will help them hold onto their brand's values and not just follow a fad, said JB Chicago’s president Steve Gaither.
McVitie’s, Filippo Berio, Chaucer Foods and the Finsbury Food Group are just a few of the companies working with brand extension agency Beanstalk to extend brands into other categories and markets.
According to Christine Cool, area licensing manager of confectionery manufacturer Perfetti van Melle, brand licensing opens a whole new universe of possibilities, something it has done for the company’s Chupa Chups brand.
WaffleWaffle’s CEO and co-founder, Samuel Rockwell, said customizing snack products to fit in a certain retail channel is key to competing with larger CPG firms such as General Mills and Kellogg.
Kellogg will join Oreo cookie maker Mondelēz in featuring US Olympic and Paralympic athletes on its packaging in the run up to the fast-approaching 2018 Pyeongchang (South Korea) winter games.
High street retailer Robert Dyas has experienced a 55% rise in baking-related sales since the Great British Bake Off (GBBO) has been back on UK screens.
