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Subject:
FOOD COMPANIES
Period: July 1, 2020 to August 15, 2020
Geographies:
Worldwide
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Comment & Opinion or Companies, Organizations or Consumers or Controversies & Disputes or Deals, M&A, JVs, Licensing or Earnings Release or Finance, Economics, Tax or Innovation & New Ideas or Legal, Legislation, Regulation, Policy or Market News or Marketing & Advertising or Other or People & Personalities or Press Release or Products & Brands or Research, Studies, Advice or Supply Chain or Trends
Contents
 

Nestlé’s Pandemic Response Is To “Rethink” The Out-Of-Home Business, Not “Right-Size” It

Nestlé CEO Ulf Mark Schneider told investors recently that the company has no plans to “right-size” its business in response to the coronavirus pandemic, but it is definitely “rethinking” categories like coffee and water and will adapt wherever possible in the out-of-home business. That means less hotel and restaurant business “for a while going forward,” Schneider said. But he noted that many more consumers have ordered in from restaurants and dark kitchens during the crisis, so “there's almost like a blurring of the lines between what is in-home consumption and what is out-of-home consumption.” Nestlé’s out-of-home sales declined by as much as 60 percent in the first half of the year as offices, restaurants, and hotels closed. The company’s year-to-date profit increased 18 percent to 5.9 billion Swiss francs ($6.5 billion); earnings per share increased 22 percent to 2.06 Swiss francs ($2.29). 

"Nestlé rethinking, not rightsizing, away-from-home business", Food Business News, August 03, 2020

Riceworks Makes Its Snacks Available To Snack Box Subscribers

Three of the Ohio-based gourmet rice snacks company’s products will be featured in August Variety Fun snack boxes: sweet chili, salsa fresca, and sea salt & black sesame. Riceworks snacks are made with whole grain rice without artificial flavors or preservatives. They contain nine grams of rice per serving, zero grams of trans fats, zero cholesterol, and are non-GMO, vegan and celiac friendly. The Variety Fun snack subscription service features a wide selection of both classic and healthy snacks, including old favorites and start-up brands.

"Variety Fun Features Riceworks Gourmet Rice Snacks In Snack Subscription Box", Business Wire, August 03, 2020

Gerber Expands Organic Snacks Lineup With BabyPops

The baby food company’s new Gerber Organic BabyPops is a popcorn-shaped puffed corn and oat snack created as a “self-feeding” treat for “crawlers” and toddlers. Available in peanut, tomato, and banana raspberry flavors, the snack contains no added sweetener or salt. All variants are flavored with fruits and veggies and are made with organic peanut flour. A pediatric nutritionist said: "Of course, parents should always discuss the introduction of peanut and other food allergens with their doctor and follow their doctor's instructions." BabyPops are available nationwide at Target stores and will soon be available online at Target.com. They will be offered at Albertsons and Safeway retail locations in November. 

"Gerber Launches New Organic Snack Line BabyPops for Crawlers Learning to Self-Feed", PR Newswire, July 30, 2020

Nature Valley Launches Sustained Energy Granola Bar “Packed”


The new General Mills snack product contains “hard-working, energy-boosting” ingredients, the company says, including nut butter, nuts and seeds (almonds, sunflower seeds, pumpkin seeds, or peanuts), and cranberries or blueberries. The sustained energy snack bar contains no artificial flavors or colors and no high fructose corn syrup. It is available in Peanut Butter & Cranberry and Almond Butter & Blueberry varieties at most retail locations in the U.S. or online for a suggested retail price of $4.49 per four-count box. 

"Creamy, Crunchy, Chewy: Introducing Nature Valley Packed, a NEW Sustained Energy Bar", Business Wire, July 28, 2020

Nestlé SA Settles On Six Major Bidders For Yinlu Foods Group

The list of bidders for the company’s Chinese business unit was trimmed to six, including three food and beverage companies and three private equity firms. Yinlu Foods Group, a maker of instant porridge and Nescafe ready-to-drink coffee, could fetch at least $400 million. Binding bids are due by the end of August from China Resources Beer Holdings Co., Tingyi Cayman Islands Holding Corp., Dali Foods Group Co., FountainVest Partners, Affinity Equity Partners, and Citic Private Equity Funds Company management have also been invited to participate in the bidding. Yinlu, which specializes in the production and sale of canned foods and beverages, was acquired by Nestlé in 2011.

"Nestlé Narrows Bidders for Yinlu Foods Unit in China", Bloomberg News, July 17, 2020

 
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