Tag: Beverage

PEPSICO
United States

PEPSICO TO ACQUIRE SIETE FOODS FOR $1.2 BILLION

PURCHASE, N.Y. and AUSTIN, Texas, Oct. 1, 2024 /PRNewswire/ — PepsiCo, Inc. (NASDAQ: PEP) (“PepsiCo”) today announced that it has entered into a definitive agreement to acquire Garza Food Ventures LLC, dba Siete Foods (“Siete”) for $1.2 billion.  The acquisition will complement PepsiCo’s portfolio with the addition of an authentic, Mexican-American brand, while also growing its better-for-you food offerings. Siete products will bring a rich, new aspect to the PepsiCo … Continue reading PEPSICO TO ACQUIRE SIETE FOODS FOR $1.2 BILLION

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amorimcork
Africa, Europe

Plettenberg Bay’s Newstead Wines takes Best Producer Award at Amorim Cap Classique Challenge for 2nd Time

Plettenberg Bay winery Newstead Wines has been crowned overall winner of the Amorim Cap Classique Challenge for the second time in four years, this year winning the award for Best Overall Producer with the Newstead Blanc de Blanc Cap Classique 2017. The same wine also won the competition’s trophy for best wine in the Extended Aging Class for Cap Classique wines eight years and older. … Continue reading Plettenberg Bay’s Newstead Wines takes Best Producer Award at Amorim Cap Classique Challenge for 2nd Time

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Nestlé
Europe

Nestlé appoints Laurent Freixe as CEO of Nestlé S.A., Mark Schneider leaves the company

Vevey, Switzerland – [Ad hoc announcement pursuant to Art. 53 LR] The Board of Directors of Nestlé has appointed Laurent Freixe, currently Executive Vice President and CEO Zone Latin America (LATAM), as Chief Executive Officer Nestlé S.A., effective September 1. The Board has also nominated Laurent Freixe as a candidate for the Board of Directors at the 2025 Annual General Meeting. Mark Schneider, Chief Executive Officer, has … Continue reading Nestlé appoints Laurent Freixe as CEO of Nestlé S.A., Mark Schneider leaves the company

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Oliver Winery
United States

Oliver Winery Names Patrick Brown Chief Executive Officer

Proven CPG Leader to Lead Next Chapter of Growth for Major Wine Industry Player BLOOMINGTON, Ind. – Oliver Winery, the 30th largest winery in the U.S., today announced that Patrick Brown was named Chief Executive Officer, effective July 22, 2024. A consumer goods expert, Brown is a 30-year veteran of the highly competitive and fast-moving global consumer goods (FMCG) industry. His deep expertise across grocery, … Continue reading Oliver Winery Names Patrick Brown Chief Executive Officer

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Campbell
Global, United States

Campbell Completes Acquisition of Sovos Brands, Inc.

March 12, 2024 08:35 AM Eastern Daylight Time CAMDEN, N.J.–(BUSINESS WIRE)– Campbell Soup Company (NYSE: CPB) today announced it has completed the acquisition of Sovos Brands, Inc. (“Sovos Brands”) for $23 per share in an all-cash transaction, which represents a total enterprise value of approximately $2.7 billion. “This important milestone in Campbell’s history adds several market-leading and scaled premium brands to our company,” said Campbell’s President … Continue reading Campbell Completes Acquisition of Sovos Brands, Inc.

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United Natural Foods
Global, United States

United Natural Foods Names Giorgio Matteo Tarditi President and Chief Financial Officer

Former GE Executive to help accelerate performance, value creation, and customer- and supplier-focused transformation PROVIDENCE, R.I.–(BUSINESS WIRE)–United Natural Foods, Inc. (NYSE: UNFI) (the “Company” or “UNFI”) today announced that Giorgio “Matteo” Tarditi has been named President and Chief Financial Officer (CFO), effective April 15. He succeeds John W. Howard, UNFI’s current Chief Financial Officer, who will leave the Company following a transition period. “I am … Continue reading United Natural Foods Names Giorgio Matteo Tarditi President and Chief Financial Officer

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Sugar Foods Corporation
Global, United States

Sugar Foods Appoints Andriy Avramenko as CFO

WESTLAKE, Calif.–(BUSINESS WIRE)–Sugar Foods Corporation (“Sugar Foods”), a food company serving prominent foodservice, grocery, retail and restaurant brands, today announced the appointment of Andriy Avramenko, an accomplished financial leader and industry veteran, as Chief Financial Officer, effective immediately. Mr. Avramenko brings to Sugar Foods nearly 30 years of experience leading corporations in the food and beverage industry. He will lead Sugar Foods’ finance team, working … Continue reading Sugar Foods Appoints Andriy Avramenko as CFO

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ADM
Global, United States

ADM Appoints Ismael Roig Interim Chief Financial Officer

Vikram Luthar Placed on Administrative Leave CHICAGO–(BUSINESS WIRE)–ADM (NYSE: ADM) today announced the appointment of Ismael Roig as Interim Chief Financial Officer. Mr. Roig is a skilled executive deeply familiar with ADM’s business, having served in a variety of global operational and financial leadership roles since joining the Company in 2004. The appointment follows the decision of the ADM Board of Directors to place Vikram … Continue reading ADM Appoints Ismael Roig Interim Chief Financial Officer

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