Keith Nunes

California

Editor at Food Business News

Husband, runner, baseball lover (go Giants) and executive editor of Food Business News. All opinions are my own.

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Articles

General Mills shares strategy to get back to organic growth

3 weeks ago | supermarketperimeter.com | Keith Nunes

MINNEAPOLIS — General Mills, Inc.’s scale and resilient supply chain gave the company a competitive advantage during the pandemic and the period of inflation that followed. But as the market has returned to normal and competitors recovered from their own supply chain disruptions, General Mills’ management has found its business was out of alignment with the marketplace.
General Mills focusing on organic growth

3 weeks ago | bakingbusiness.com | Keith Nunes

MINNEAPOLIS — General Mills, Inc.’s scale and resilient supply chain gave the company a competitive advantage during the pandemic and the period of inflation that followed. But as the market has returned to normal and competitors recovered from their own supply chain disruptions, General Mills’ management has found its business was out of alignment with the marketplace.
Kraft Heinz adapting to the many definitions of value

3 weeks ago | foodbusinessnews.net | Keith Nunes

PARIS — Carlos Abrams-Rivera, chief executive officer of the Kraft Heinz Co., was direct when asked about the current near-term macroeconomic environment — “The year has turned out different than many of us expected.” Speaking June 4 during the Deutsche Bank dbAccess Global Consumer Conference, Abrams-Rivera said he expected the new Trump administration to focus on driving down inflation to give some confidence to the Federal Reserve to lower interest rates that would have led to relief for...
McCormick & Co. sees MAHA opportunity

3 weeks ago | foodbusinessnews.net | Keith Nunes

PARIS — The Trump administration’s “make America healthy again” (MAHA) initiative has intensified focus on the use of ingredients perceived as artificial in products and prompted many companies to reformulate. Executives at McCormick & Co. said they see those reformulation efforts as opportunities.
McCormick & Co. sees opportunity in MAHA

3 weeks ago | bakingbusiness.com | Keith Nunes

PARIS — The Trump administration’s “make America healthy again” (MAHA) initiative has intensified focus on the use of ingredients perceived as artificial in products and prompted many companies to reformulate. Executives at McCormick & Co. said they see those reformulation efforts as opportunities.
Post Holdings takes full control of 8th Avenue

3 weeks ago | foodbusinessnews.net | Keith Nunes

ST. LOUIS — Post Holdings is raising its 60.5% ownership stake in 8th Avenue Food & Provisions, Inc. to 100%. The company reached an agreement to acquire all equity interests in the business for approximately $880 million. 8th Avenue is a manufacturer of branded and private label dry pasta and private label nut butters, granola and fruit and nut mixes. The company owns and operates the Ronzoni brand of dry pasta.
General Mills initiating new restructuring effort

1 month ago | foodbusinessnews.net | Keith Nunes

MINNEAPOLIS — A May 27 filing with the US Securities and Exchange Commission (SEC) titled “Costs associated with exit or disposal activities” foreshadows more restructuring at General Mills, Inc. In the filing, the company said it plans to undertake a “transformation initiative” that will result in $130 million in charges by the end of fiscal 2028.
Smucker closing Hostess plant

1 month ago | foodbusinessnews.net | Keith Nunes

ORRVILLE, OHIO — The J.M. Smucker Co. is closing a plant in Indianapolis that manufactures sweet baked goods for its Hostess business. The company plans to close and pursue a sale of the plant by the end of 2026, according to the company.
Food industry groups criticize new MAHA report on ultra-processed foods

1 month ago | supermarketperimeter.com | Keith Nunes

WASHINGTON — American children will experience fewer childhood chronic diseases if they alter their diets away from ultra-processed foods, have their exposure to chemicals, including pesticides, reduced, and are not over medicated, according to a report published May 22 by the Make America Healthy Again Commission, a group established via executive order by President Donald Trump. “The American food system is safe but could be healthier,” the commission said.
McDonald’s to close CosMc’s cafes

1 month ago | foodbusinessnews.net | Keith Nunes

CHICAGO — McDonald’s Corp. will close its CosMc’s cafes in Illinois and Texas by the end of June. The shuttering of the standalone locations represents a shift in beverage product development from pilot to a test phase in some McDonald’s stores in the United States, according to the company. “What started as a belief that McDonald’s had the right to win in the fast-growing beverage space quickly came to life as a multi-location, small format, beverage-focused concept,” the company said.