Archives for April 26, 2022

'We have come to the tough conclusion that it does not make sense for Chobani to be in the dairy milk business at this time...' Chobani discontinues ultra-filtered milk three months after launch

Chobani has discontinued its new ultra-filtered milk line just three months after launch, but is keeping its new half & half products.

Bao + pizza = Baozza: ‘I'd seen Mark Cuban say he takes cold emails from entrepreneurs, so I figured, what the hell…’

There’s no magic formula for creating a successful food product, but combining two things that pretty much everyone already likes is probably a good place to start, say the founders of Baozza, a frozen food brand launched by two American expats in China...

Remilk to build the world’s largest precision fermentation site in Europe

Animal-free dairy start-up Remilk has announced plans to build its first fully-owned facility, and the largest of its kind in the world, in Denmark.

Coca-Cola Co. considers additional price increases ahead of potential recession

Bracing for an “asynchronous” recovery in 2022 with “many new chapters and challenges,” The Coca-Cola Co. is prepared to quickly respond to local market conditions with a mix of price adjustments, package differentiation and “ever-sharper” promotional...

M&As

Mondelēz agrees sale with Grupo Bimbo for Ricolino and other key chocolate brands

Mondelēz International is set to acquire iconic chocolate and candy brands including Ricolino, Vero, La Corona and Coronado from Grupo Bimbo, Mexico’s leading confectionery company.