FDA

GoodSam Founder Talks Direct Trading and Scaling Regenerative Systems

GREENWICH, CONN. — GoodSam’s commitment to being a regenerative food company goes beyond improving soil health or sequestering carbon. In fact, sustainable farming practices are nothing new to the local farmers they source from and do business with. Co-founders Heather K. Terry and Sam Strout founded GoodSam Foods in 2019 with the goal of bringing …

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General Mills raises outlook after strong first quarter

MINNEAPOLIS — Three words sum up General Mills’ first-quarter performance — better than expected. In fact, the performance was so good that management raised the company’s outlook for the remainder of fiscal 2023. Pricing measures taken in the prior year, which allowed General Mills to keep pace with inflation, were key to the positive performance. …

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Nestlé establishes Health Science unit for growth

BOSTON – Nestle SA’s Nestle Health Science business unit is a merger of acquisitions. Since 2011, the company has invested heavily in nutrition brands such as Nature’s Bounty, Nuun and Vital Proteins, medical nutrition and pharmaceuticals category. Now the company is preparing the groundwork for higher margin growth of the business unit. In a Sept. …

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Hain Celestial’s 3.0 strategy got stuck at 2.5

LAKE SUCCESS, NY. — Inflation, ingredient shortages, supply chain disruptions and a slowdown in key botanical categories have prevented Hain Celestial Group from fully transitioning to the Hain 3.0 strategy launched in September 2021. Key elements of the plan included divesting its personal care business and focusing on growth categories like snack foods, dairy alternatives …

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Pilnick runs Kellogg North America’s cereal business

BATTLE CREEK, ME. — Kellogg Co. announced appointments for the future executive team of North America Cereal Co., one of three spin-off entities resulting from the company’s recent move to split the business into focused standalone companies. The newly appointed heads of North America Cereal Co. will assume their responsibilities following the company’s separation, which …

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International Cooperation Can Accelerate Cancer Cures: US-China Business Forum

dr Bob Li, right, Physician Ambassador to China and Asia Pacific from Memorial Sloan Kettering … [+] Cancer Center, enjoys a light moment at the US-China Business Forum being held August 9 at the Forbes on Fifth in New York. Ethan Covey Photography How to compete with China has been a hot topic among US …

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Krispy Kreme is redesigning its US distribution model

WINSTON-SALEM, NC. – In a conference call with securities analysts to discuss second quarter financial results on August 17, Michael J. Tattersfield, President and Chief Executive Officer of Krispy Kreme, Inc., acknowledged the ongoing transformation of its hub-and-spoke distribution model in the United States and difficulties with challenging foreign exchange rates as adjusted EDITDA for …

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