Chris Casey

From restaurant to retail: How Michelin-starred brands are infiltrating the grocery store

The divestiture comes as the Corona brewer focuses on premium wine and spirits while distancing itself from its less expensive offerings that are seeing a decline in consumption.

The struggling company said the CPG executive, with experience in pet care, furniture and cannabis, is ideally positioned to oversee its next phase of growth.

The nominee, a surgeon at Johns Hopkins, has criticized the use of pesticides on food and the industry turning against “natural fat.”

In other beverage news, PKN debuted a barista version of its pecan milk for lattes and cappuccinos.

The company, with nearly half a billion in annual sales nationwide, is doubling down on its recent success and the popularity of electrolyte-infused drinks.

The popular holiday item faces tightened supply and lower demand than in previous years, the cooperative bank said in a report.

The Lucky Charms maker is furthering its push into pet food with the purchase of the cat feed and treats business.

The cereal company’s plans to replace aging technology is taking shape, with $96 million spent on infrastructure so far this year.

The brewer said it is moving manufacturing to its larger Milwaukee facility to cut costs.