Campbell made this move to focus on driving growth in its soups, sauces and beverages.
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Campbell made this move to focus on driving growth in its soups, sauces and beverages.
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After some early complications, Campbell’s has finally closed on the purchase of Pacific Foods.
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Acre Venture Partners, the venture capital arm of Campbell’s Soup, led a $13m round in Pilotworks — a WeWork for the food industry.
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No other Big Food CEO “gets it” more than Campbell’s Denise Morrison, whose organic food portfolio is among the top 10 in sales and is growing by double digits.
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A $250 million shareholder lawsuit against Pacific Foods may end up derailing Campbell’s plans to purchase the company.
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In another sign that CEO Denise Morrison really “gets it”, Campbell’s has partnered with Brooklyn Foodworks, an early-stage food incubator in New York City.
Read Article This is just more evidence that Big Food sees the organic industry as a solution to its broken business model, and acquisitions will not stop anytime soon.
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