PepsiCo is selling Tropicana, Naked Juice and other North American juice brands to private equity firm PAI Partners to focus on growing its better-for-you portfolio, which includes zero-calorie beverages, said CEO Ramon Laguarta. PepsiCo will assume a 39% stake in a joint venture with PAI "to drive additional long-term growth for these beloved brands," said Laguarta in a statement.
PepsiCo's Frito-Lay division has added two flavors to its Doritos line: Tangy Pickle and Tangy Ranch. Both varieties are offered in 9.25- and 2.75-ounce sizes.
Nixie Sparkling Water, an organic brand committed to sustainability, has added the Strawberry Hibiscus flavor to its lineup. The brand has already reached its eight-year sales goal after launching last year with a retail footprint of more than 7,500 locations, said CEO Nicole Bernard Dawes.
Kellogg collects consumer data from a wide range of sources, from e-commerce sites to social listening tools and even the supply chain journey, with its Kellogg Unit Brand Engagement (KUBE) program to drive growth, according to Monica McGurk, chief growth officer. Kellogg pairs its proprietary research and analysis talent to "interrogate" the data and "make sure we're focusing on the right thing," said McGurk.
Kraft Heinz is seeking startups offering beans, pulses or legumes as primary product ingredients to participate in its latest Future Food-Tech challenge. Applicants need to focus on five consumer needs identified by Kraft Heinz: affordability, sustainability, convenience, health and taste.
Procter & Gamble is working with Tennessee-based packaging producer Eastman to reduce its use of virgin plastic. Eastman has developed molecular-based recycling technologies that upcycle plastic waste typically rejected by material recovery facilities into usable material, and P&G will begin using the material in its products and packaging.
PepsiCo's Frito-Lay division has created the $150,000 "Space for Her" scholarship fund that will allow 50 girls from underrepresented groups to attend the US Space & Rocket Center's Space Camp in Alabama and participate in a STEM career mentoring program. People can scan QR codes on "Back to School Blast Off" Frito-Lay Variety Packs for a chance to win a trip to the Space Camp as well.
Coty's CoverGirl brand has partnered with Amazon Prime to produce two live, behind-the-scenes versions of Amazon's "Making the Cut" series that offer influencer-led beauty tutorials and livestream shopping. "It's about having it, making it relevant and now making [that educational content] live, so consumers can transact," said Christina Rapsomanikis, head of e-commerce at CoverGirl North America.
Almonds are used in plant-based products more than any other nut and were included in 41% of 2020's new nut products, according to Innova's Global New Products Report. "Their ability to be formulated into various forms such as almond protein powder, almond flour and almond butter that can be utilized across product categories contributes to their continued standing as the world's number one nut," said Lu Ann Williams, director of innovation at Innova.
National Confectioners Association data finds 80% of consumers have bought non-chocolate candy since the pandemic's start, and cross-merchandising is key to increasing candy sales in the convenience channel, writes Jim Callahan. Candy can be paired with fountain drinks, grill items and salty snacks for sales specials with signage strategically located near these areas to boost sales, writes Callahan.
- Page 1