Dec. 16 - Who wins in food industry class action cases? | JM Smucker sells juice, grains businesses
JM Smucker sells juice and grains businesses, and will shut down plant; Anheuser-Busch wades into hard soda with new seltzer launch; Why are so many class action lawsuits filed against the food industry?; A third of consumers plan to avoid alcohol this holiday season, survey finds
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Litigation can be long and expensive and relief can be hard to come by, as consumers find themselves with small rewards and brands struggle with keeping their reputations intact.
Nexus Capital Management will buy R.W. Knudsen juices and TruRoots easy-to-cook ancient grains for $110 million, and a Wisconsin facility that makes jams, jellies and ice cream toppings will close its doors in 2022.
The offering, which is set to hit shelves in January, further blurs the line between traditional alcohol companies like AB InBev and soda makers like Coca-Cola and PepsiCo.
In 2020, the number of court cases from consumers claiming that food and drink companies deceived them hit an all-time high, according to statistics compiled by law firm Perkins Coie.
As demand rises for low- and no-alcohol products, the category has been inundated with new offerings from brands including Guinness, Heineken and Budweiser.
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