Conagra Playing Catch Up With Major U.S. Food Companies
In the 10 months since taking the helm at Conagra Foods Inc., Sean Connolly has sold a private-label unit for $2.7 billion, announced plans to spin off a business that supplies potatoes to fast-food chains, and decided to move the company’s headquarters to Chicago from Omaha, Neb. So why this flurry of changes? Conagra, it turns out, has a lot of catching up to do. In recent years, other big U.S. food and beverage companies, including...
One Company Bucks Frozen Foods Decline
Literally and figuratively, frozen food is not a hot business. The meals are cold and sales are down. Consumers are shifting to fresher options. So the frozen food aisle may seem like the last place you’d seen innovation in your local grocery store. Yet Atkins Nutritionals has somehow defied the trend. Its frozen meals were one of 12 products recognized in Nielsen’s 2015 Breakthrough Innovation report. To be honored, the products had...
