Food Industry

The sale comes as the CPG giant focuses on its core snacks and frozen meals offerings, including Slim Jim and Healthy Choice.

In other beverage news, women-founded brand Gorgie raised $24.5 million for its better-for-you energy drink.

The packaging will be available on its best-selling Dark Chocolate Nuts & Sea Salt single bars at select Whole Foods Market stores this summer.   

PepsiCo, Mondelēz and Campbell’s are among the companies noting a slowdown in chips, cookies and other treats as shoppers prioritize essentials such as meats and eggs.

The soda giant said a false viral video claiming the company reported Latino workers to ICE contributed to volume declines amid economic uncertainty.

The amount shoppers say they’re willing to pay has gone up, but still falls short of the actual price of eggs, Numerator found.

CMO Kathleen Braine explains how partnering with trailblazing driver Toni Breidinger helps boost the reach of the Kendall Jenner-founded brand.

Investor coalition ShareAction has called on the DiGiorno and Nespresso manufacturer to improve the overall health content of its food and beverage portfolio.

The department is repealing the food safety measure in response to concerns from chicken and turkey producers that it would be too costly to implement.

The food giant is bringing the $1 billion-plus treat deeper into other snacking categories such as cakes and pastries.