Food Industry

The ketchup and Lunchables giant will create one business for grocery staples and another for sauces, spreads and seasonings.

I strongly believe we’re in a pivotal moment for the future of infant nutrition, and one that will redefine infant formula for generations to come.

“I will not retire until you get me a robot.” It was more than a joke. It was a sign that Sunrise was ready to invest in smarter, more scalable ways of working.

Laurent Freixe is being replaced after one year in the role by Philipp Navratil, the head of the company’s Nespresso brand.

The company will retain the part of 8th Avenue’s portfolio that includes nut butters, fruit and nut products and granola.

Celsius also will acquire the beverage giant’s Rockstar Energy drink brand in the U.S. and Canada.

The innovation, called Hasecitrus, allows sports drinks and other products to preserve flavors longer while maintaining clean-label formulations. 

Leanne Cunningham’s departure on May 1 comes as the spirits company faces uncertainty around tariffs and changing alcohol consumption habits.

The spending comes as the Cheerios maker plans to launch new products across its biggest product categories, tapping into consumer trends like protein and spicy.

Companies are restructuring operations or rethinking M&A as they feel the heat from slowing sales and face pressure to transform their ingredient lists.