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February 19, 2020

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Economic Research Service budget again on chopping block | 2020-02-19

FoodBusinessNews
by FoodBusinessNews06
WASHINGTON — President Donald Trump’s proposed federal budget for fiscal year 2021, if enacted, would reduce funding for the U.S. Department of Agriculture’s beleaguered Economic Research Service by 27% from what was authorized by Congress for fiscal year 2020. The president proposed an E.R.S. budget of $62 million for fiscal......
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Food Business News

Dang Foods debuts new snacks | 2020-02-19

FoodBusinessNews
by FoodBusinessNews05
BERKELEY, CALIF. — Dang Foods announced the creation of three new snack products: Tropical Mango Coconut Chips, Toasted Sesame Thai Rice Chips, and Peanut Butter Dang Bar. The snack brand also released new packaging and a new logo. All products created by Dang Foods are gluten-free, soy-free, and made without......
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Food Business News

JBS USA to acquire Empire Packing for $238 million | 2020-02-19

FoodBusinessNews
by FoodBusinessNews05
GREELEY, COLO. — JBS USA, a subsidiary of JBS S.A., announced on Feb. 18 plans to purchase Empire Packing Co. LP for $238 million. The transaction includes Empire’s case-ready production facilities and Ledbetter branded retail products. Empire is comprised of five processing facilities located in Cincinnati and Mason, Ohio; Denver;......
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New York Post

Walking 10,000 steps a day won’t help with weight loss: study

NYPost
by NYPost05
New York Post – For more and to sign up click here We may have been too foolish to believe that mere walking would be the answer to our weight problems. A recent study from Brigham Young University suggests that the mere act of walking — specifically, walking between 10,000......
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Food Business News

Industry executives build ‘Bigger Table’ to assist food banks | 2020-02-19

FoodBusinessNews
by FoodBusinessNews00
CHICAGO — Inspired by the saying “When you have more than you need, build a bigger table, not a higher fence,” the Chicagoland Food and Beverage Network (C.F.B.N.) has launched Bigger Table, a nonprofit organization that aims to bring together the area’s food and beverage industry to collaborate and deliver......
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Food Business News

Back to Nature to make all snacks plant-based | 2020-02-19

FoodBusinessNews
by FoodBusinessNews00
PARSIPPANY, N.J. — Back to Nature announced a move to plant-based snacking, shifting away from using any animal products in its products, excluding honey. The company also has redesigned its logo and packaging for all products. These rebranding decisions are in celebration of its 60th anniversary. “The demand for better-for-you......
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Food Business News

Seed breeding start-up secures $10 million in funding | 2020-02-19

FoodBusinessNews
by FoodBusinessNews02
KIBBUTZ GIVAT BRENNER, ISRAEL — Seed breeding start-up Equinom Ltd., secured $10 million in a Series B funding round led by Germany-based BASF Venture Capital, Roquette and Trendlines Group. The start-up will use the capital injection to expand its crossbreeding technology, which produces non-G.M.O. seeds with higher nutritional profiles and......
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Food Business News

New RXBAR platform ‘changing the way protein bars come to market’ | 2020-02-19

FoodBusinessNews
by FoodBusinessNews00
CHICAGO — Kellogg Co.’s RXBAR business is launching RXBAR Select, a new platform that includes a collection of unique flavors made in a limited quantity and for a limited time. Each year, the company creates and tests hundreds of flavor combinations in the RXBAR kitchen, but only one or two......
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Food Business News

Conagra Brands unveils ‘biggest, baddest’ slate of innovation yet | 2020-02-19

FoodBusinessNews
by FoodBusinessNews01
CHICAGO — Conagra Brands, Inc. is unleashing an avalanche of innovation for the year across its frozen, snacks and staples portfolios. “Our fiscal ‘20 innovation is performing exceptionally well, and our new fiscal ‘21 innovation slate has just been debuted to our customers,” said Sean M. Connolly, president and chief......
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Food Business News

White Castle to launch non-dairy cheese | 2020-02-19

FoodBusinessNews
by FoodBusinessNews01
COLUMBUS, OHIO — White Castle is launching a dairy-free cheddar cheese alternative to complement its plant-based Impossible slider. The chain introduced its meat-free burger option in April 2018 as a test item before launching it as a permanent offering later that year. “Our Impossible Slider was an instant craver favorite,......
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Food Business News

General Mills showing its scale matters | 2020-02-19

FoodBusinessNews
by FoodBusinessNews00
BOCA RATON, FLA. — General Mills, Inc. plans to throw its weight around. More specifically, management sees the company’s scale and the data it gathers to manage its business as a key point of differentiation in managing costs and improving customer service in traditional and new sales channels. Jeffrey L.......
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History

Madame Yale Made a Fortune With the 19th Century’s Version of Goop | History

Smithsonian
by Smithsonian03
On an April afternoon in 1897, thousands of women packed the Boston Theatre to see the nation’s most beguiling female entrepreneur, a 45-year-old former homemaker whose talent for personal branding would rival that of any Instagram celebrity today. She called herself Madame Yale. Over the course of several hours and......
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Food Business News

Corbion’s new powder ingredient enhances Listeria protection for fish | 2020-02-18

FoodBusinessNews
by FoodBusinessNews06
AMSTERDAM — New Verdad Opti Powder N350 from Corbion provides an alternative to traditional salt curing. While salt curing, or dry curing, has been used to preserve fish for millennia, today’s longer and more complex supply chains require better protection from human pathogens such as Listeria, Corbion said. Verdad Opti Powder N350......
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Reuters - Business

Adidas’ China business activity falls 85% due to coronavirus

Reuters
by Reuters01
FILE PHOTO: The Adidas logo is pictured during celebrations for German sports apparel maker Adidas’ 70th anniversary at the company’s headquarters in Herzogenaurach, Germany, August 9, 2019. REUTERS/Andreas Gebert/File Photo BERLIN (Reuters) – German sportswear maker Adidas (ADSGn.DE) said on Wednesday that business in the Greater China area had dropped......
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Reuters - Business

China races to contain job losses as coronavirus batters economy

Reuters
by Reuters04
BEIJING (Reuters) – When cameraman Mark Xia returned to his job this month after holidays, the Shanghai video production house where he worked told him to take three months of leave with no pay, as a coronavirus epidemic takes a toll of China’s businesses. FILE PHOTO: A guard measures the......
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Food Business News

Conagra Brands lowers forecast on weak consumption trends | 2020-02-18

FoodBusinessNews
by FoodBusinessNews07
CHICAGO — Weak consumption trends in the recent quarter prompted executives at Conagra Brands, Inc. to lower the company’s full-year outlook. Management now expects fiscal 2020 organic net sales growth to be flat to 0.5%. The previous estimate was 1% to 1.5%. Additionally, adjusted diluted earnings per share from continuing......
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Food Business News

Thomas’ bolsters breakfast offerings | 2020-02-18

FoodBusinessNews
by FoodBusinessNews06
HORSHAM, PA. — Bimbo Bakeries USA is building out its portfolio of portable breakfast offerings with new Thomas’ Pick Me Ups soft-baked oatmeal squares and Thomas’ Mini Croissants. Thomas’ Pick Me Ups are bite-size, soft-baked oatmeal squares made with ingredients such as rolled oats, chocolate chips, pumpkin seeds, sunflower seeds......
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Food Business News

Milk made from chia seeds debuts from Mamma Chia | 2020-02-18

FoodBusinessNews
by FoodBusinessNews04
CARLSBAD, CALIF. — Mamma Chia is moving into the plant-based milk alternative market with the launch of Mamma Chia Organic Chiamilk. The dairy-free beverage contains 800 mgs of omega-3 fatty acids, MCT, zero grams of sugar and more calcium than a glass of traditional milk, the company said. Available in......
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Food Business News

DuPont brings back Breen as c.e.o. in leadership shuffle | 2020-02-18

FoodBusinessNews
by FoodBusinessNews04
WILMINGTON, DEL. — DuPont is bringing back former chief executive officer Edward D. Breen to lead the company as part of a management shakeup designed to spur improved operational performance. Mr. Breen, who is currently executive chairman of DuPont, succeeds Marc Doyle. Mr. Breen was c.e.o. of DowDuPont from 2017-19,......
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