One Year Later: Big Food Is Breaking Apart, Just Like We Predicted

Last summer, we laid out a framework across three essays.

Aug 31 • 

Goods Partners

2

The Invisible Empire: Cargill (Part 2)

In June, we previewed this deep dive into Cargill, the largest privately held company in the United States (by revenue, latest available figure ~$165…

Aug 12 • 

Goods Partners

June 2025

B&G Foods equity trades for~1x EBITDA

BGS: One year into the turnaround few believe will actually happen

Jun 5 • 

Goods Partners

The Invisible Empire: Why Cargill Exists (Part 1)

It's the most powerful food company on Earth but prefers you didn't know that

Jun 4 • 

Goods Partners

May 2025

The Colorfully Opaque World of Plastics (Part 2)

An tariff and geopolitical interlude to Part 3

May 5 • 

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February 2025

You Zigged, I Zagged, Hershey Zugged

How Hershey's Secretive Swiss Trading Unit Delivered 100% Unadjusted (GAAP) Profit Growth This Quarter—But Has a Ton More Work to Do

Feb 6 • 

Goods Partners

1

Trade war, eh? Who cares? (It depends)

Here Comes the Trade War

Feb 3 • 

Goods Partners

January 2025

The Colorfully Opaque World of Plastics (Part 1)

...and we need to trudge through some oil and gas to get there

Jan 27 • 

Goods Partners

5 Takeaways from the 2025 ICR Conference

Everything seems to be growing... except DEI

Jan 17 • 

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December 2024

The Behemoth of Bentonville

How Walmart grew from simple merchant to marketplace-as-a-service and redefined global retail

Dec 16, 2024 • 

Goods Partners

November 2024

Does "Deep Food" Exist?

We're about to find out what "go wild on health" means...

Nov 11, 2024 • 

Goods Partners

1

October 2024

Danger, Will Robinson-Patman Be Enforced?

Let's talk about boring anti-trust laws, food retail consolidation, the Kroger-Albertsons merger, and Election Day

Oct 23, 2024 • 

Goods Partners