Campbell flags potential Noosa yogurt disposal post Sovos deal
Campbell Soup Co. has indicated Sovos Brands’ Noosa yogurt brand is likely to be divested post its acquisition of the US group.
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Campbell Soup Co. has indicated Sovos Brands’ Noosa yogurt brand is likely to be divested post its acquisition of the US group.
Campbell Soup wants its grocery business to be taken more seriously by investors.
Campbell acquires Sovos Brands to expand its portfolio of premium brands, anchored by Rao's and noosa.
Campbell Soup CEO Mark Clouse discussed his company’s acquisition of Rao’s sauce maker, Sovos Brands, with CNBC’s Jim Cramer on Monday.
Louisville-based Sovos, which moved to Colorado from California several years ago and controls Rao’s pasta sauce, Noosa Yoghurt and Michael Angelo’s frozen entrées, was valued at a bit more than $1 billion when it launched its initial public offering in 2021.