B&G Foods Shifts Strategy: Pruning Portfolio and Focusing on Core Brands for Future Growth
B&G Foods, which has evolved through a series of acquisitions, is now adopting a markedly different strategy. The New Jersey-based company is actively pruning its portfolio to enhance focus and alleviate its overall debt burden. In 2023, B&G divested its Green Giant canned business to Seneca Foods, and the previous year, it sold its snacks … Read more