Soup Company to Rebrand as The Campbell's Company
The 155-year-old firm seeks to reflect its diverse product line beyond soups, pending shareholder approval in November.
- Campbell Soup Company announced plans to change its name to The Campbell's Company to better represent its broad product portfolio.
- The rebranding aims to highlight the company's extensive range of snacks, sauces, and beverages, including brands like Goldfish, Prego, and V8.
- CEO Mark Clouse emphasized that soup remains crucial but noted that nearly half of the company's revenue now comes from snacks.
- The proposed name change will be voted on by shareholders at the annual meeting in November.
- Campbell's recent acquisitions, such as Sovos Brands, maker of Rao’s sauces, underscore its strategy to diversify and expand its market presence.