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Jelly Giant J.M. Smucker to Buy Twinkies Maker Hostess Brands for $5.6 Billion September 11, 2023: J.M. Smucker, the maker of Smucker’s jams and jellies, has agreed to buy Hostess Brands, the maker of Twinkies, for $5.6 billion. The deal, expected to close in the first quarter of 2024, will give Smucker a significant foothold in the snack food market. https://lnkd.in/g6pn-FbP #theleadersmagazine #BreakingNews #news #NewsUpdate #BreakingNews #NewsUpdate #trendingnews #trendingnow2023

How to sell more food? By giving away food! Over 50% of people Joey's Restaurants reach by sampling return to buy food. These are the local marketing campaign res Miults Michael Klassen shared at our Franchise Marketing Summit. 🐟 SAMPLE FOOD EXAMPLE >> 20 fish tacos are given to 20 different people. >> In a week, ten people return to buy fish tacos. Yes, that’s that easy, and it works no matter if you’re selling food in a restaurant or grocery store. Big chains like Costco are doing that for a reason. Have you tried this practice before?

Cheesy Growth: Key Factors Driving the Expansion of the Pizza Market The pizza market worth soared to USD 151.50 billion in 2023. Projections indicate a mouthwatering growth, with a 4.5% CAGR between 2024 and 2032, culminating in a value of approximately USD 225.79 billion by 2032. Dive into the sizzling opportunities and flavorsome innovations driving this dynamic industry forward. Read Full Reports: bit.ly/3QJO5GJ Some of the key players in the market Domino's Pizza, Yum! Brands, Papa Johns, Marco's Pizza (Marco's Franchising, LLC), Little Caesars Pizza, MTY Food Group, California Pizza Kitchen and many more. #marketresearchreports #news #informesdeexpertos #ide #pizzamarket #pizza #growth #opportunity #foodanddrinks

Campbell's acquires Sovos Brands 👏 The American soup brand has announced the acquisition of the convenience food group for $2.7bn. The Sovos portfolio consists of various brands including the fast-growing Rao's, whose product listings include sauces, pasta, soups and frozen meals. It also includes the popular noosa yoghurt brand. The deal marks the largest for Campbell's in over half a decade, and the company expects a 'fast and effective' integration due to its familiarity with the categories and its scaling capabilities. Mick Beekhuizen, President of Meals & Beverages at Campbell's, commented: "This is a historic day for us as a meals and beverages division but also Campbell’s as an organization. We have these iconic brands in our portfolio, but adding these premium brands to that portfolio ... now you’re starting to create a very compelling story. I want to make sure that we maintain the growth trajectory that Sovos has. We’ve got to continue to make sure we stay focused on that in order to continue to bring the excitement to the consumer, which Sovos has done really well.” #Food #Acquisition #Consumer #Strategy #Growth #Markets

Smucker bets on Twinkies in the snack race #JMSmucker announced yesterday that it is buying the purveyor of plastic-wrapped cakes, #HostessBrands, for $5.6 billion. Set to close by the end of January, the deal is worth roughly $2 billion more than Hostess’s market value. The #snack business is booming—up 11% last year, according to #CircanaGroup—and #Smucker is looking to get in on the nosh gains. Between 2019 and 2022, Hostess’s revenues skyrocketed 50%. Meanwhile, #Hershey and #Mondelez International grew their overall sales by 30% and 22%, respectively. For Smucker, sugary treats like Twinkies, Ho Hos, and Ding Dongs may be especially lucrative— #indulgent snacks have grown 20% faster than healthy ones in the last three years, CEO Mark Smucker said. The snacks sector is consolidating; #Mars and #Unilever both recently acquired companies specializing in snacks. And in another sign that quick bites are all the rage, #Kellogg’s board of directors decided yesterday to segment its chips and treats into a new company, #Kellanova.

McDonald’s and Krispy Kreme expand partnership McDonald's’s and Krispy Kreme have plans to expand their partnership to offer the popular doughnut treat in McDonald’s restaurants across the U.S. by the end of 2026. The news follows a successful test run that the brands launched in October 2022 at 160 locations in Kentucky and Indiana. Thanks to this exclusive partnership, consumers will be able to find Krispy Kreme’s Original Glazed, Chocolate Iced with Sprinkles, and Chocolate Iced Kreme Filled treats at more than double the current locations, a rollout that will begin in the second half of 2024 and will expand outward across the restaurant chain’s 13,500 locations in the U.S. Doughnuts will be available all day in single units or a box of six. According to reports, Krispy Kreme’s chief executive has commented to investors that it could support 6,000 McDonald’s restaurants with its existing supply infrastructure, a supply chain it will continue to invest in. Its existing stores currently have capacity that can be ramped up to satisfy growing demand, but more facilities will be added by the doughnut maker in the future. The brand relies on a hub and spoke model that allows it to distribute treats from production hubs (stores and factories) that can feed supply to the 6,800 third-party retailers including grocery stores, gas stations, and now, McDonald’s, which plans to add an additional 900 stores to its roster by 2027. At present, Krispy Kreme doughnuts can be found in 14,100 stores in 39 countries and expects that it can achieve more than 100,000 points of access globally long-term. Shares of Krispy Kreme grew almost 40% with the news. #businesspartnership #mcdonalds #krispykreme #invest #shares

Hundreds of class action lawsuits get filed each year against food and beverage CPG companies. While many of those legal complaints would be classified as reasonable, we want to take this in a totally different direction. We want to run down our top 3 weirdest lawsuits filed against food and beverage CPG companies over the last few years... CC: Kellogg Company, Tootsie Roll Industries, TW Garner Food Company #strategy #trends #markets #fmcg #cpg #lawsuit #food #beverages #supplements #sportsnutrition #retailing #retail #grocery #merchandising #businessintelligence #business #entrepreneurship #consultants

From making cocktail concoctions in my kitchen and getting hung up on by investors to winning Best Beverage from the biggest grocery distributor in the US... My biggest hope is that young entrepreneurs will read this and use my story to fuel their fire With this concept that I created in my own kitchen, investors laughed at me. I was rejected over 100 times trying to get this off the ground in early 2020 I got every excuse in the book - people don't make enough cocktails at home, people won't enjoy drinking powders, there's no way to make these taste good enough, you'll never work your way into people's purchasing routine, the list goes on.. Here we are just 3 years since launch, the #1 cocktail on Amazon, #1 mocktail on Amazon, working with partners like JetBlue, Walmart, QVC, Paris Hilton, Ellen etc. etc. etc., and now winner of the biggest grocery distributor's best trending beverage award For anyone following my journey, I hope it’s clear this isn't just wishful thinking anymore What’s been most important to me is gaining the reputation of someone that exceeds goals and overdelivers. With 3 years worth of doing just that, I'm hoping I've started to earn that title That trend isn't stopping anytime soon. And the crazy thing is that this is still just the beginning I was in awe when we won the Golden Ticket to even get a chance to distribute with KeHE, I could have never guess that in just 14 months we'd could edge out the entire beverage category So honored that Craftmix not only was nominated but WON KeHE's 2024 On Trend Sips Award It was the most important award we’ve ever won in my life and I wasn't even there to accept it! Special thanks to Daniel Incropera, MBA and Sarah Renn for taking home the gold! And special thanks to KeHE Distributors and Julie Terrazzino for being the best coach, cheerleader, team captain, and mentor we could ever ask for #entrepeneurship #awardwinning #craftmix #cocktails #mocktails #cpg 

Come check us out and get to know Cascadia Managing Brands. #grocery #groceryretail #groceryindustry #groceryshopping #cpg #cpgindustry #cpgbrands #cpgmarketing #walmart #amazon #distribution #distributors #enterpreneurship #enterpreneur #emergingbrands #new #newbrands #beverages #beverage #snack #snacks #brandpostioning

Push forward llc independent snack distributors company Shoprites, foodtowns,stop n shops,cvs,rite aids,Walgreens, etc all these stores have one thing in common they all sell snacks With companies like Push Forward llc to come and fill their shelves with the goodies for kids even adults everyone have their favorite snacks and we as distributors make sure that snack is on the shelf and I am her to tell you why being a snack distributors a good market to be in With so many routes for sale There is alot of opportunities to grab from wise chips,to utz, to Pepperidge farms, herr, all have something in common that's they want to capitalize on sells and having their product on the self with Push Forward llc our Job is to make sure it happens by Purchasing routes and expand and make out name a big in this market as small as this starts it can end up bigger grow so rapidly with these snacks already being known it will be Push Forwards job to make sure we get even more shelves in the the area not just the big market have to look at the smaller local markets the dollar tree family dollars we will Push to make sure the snacks are on ever shelf in our area that we purchase capitalize on every opportunity https://gofund.me/b8cef6ad