Adrianne DeLuca
Posts by Adrianne DeLuca
News Roundup: Bar Brand This Saves Lives Acquired; Square Roots Co-Locates With UNFI
In this week’s roundup: Kristen Bell’s bar brand This Saves Lives was acquired by Upworthy parent company; Square Roots and UNFI to co-locate facilities; FDA publishes new food traceability rule and alt-protein makers form the Fungi Protein Association.
Realsy To Build Snack Platform After Separation From Rollin’ n’ Bowlin’ Brand
After nearly a year on the market, Rollin n’ Bowlin officially separated its nut butter-filled date business from the brand’s brick and mortar smoothie stores last week, aiming to build the line out under its newly-established snack platform, realsy.
Climate Change, Mental Agility Among Mintel’s Top 2023 Food and Bev Trends
Consumers will be looking for more nutrient dense, cognitive-supporting, shelf stable, cosmically-marketed products in the new year, according to Mintel.
Low on Cash, Blue Apron Pulls FY Guidance Amid Revenue Hit And Funding Delays
Flat quarterly net revenue growth and a sequential, 11.7% revenue decline year-over-year, coupled with a delay to its $57 million private placement funding from RJB Partners LLC, has caused meal delivery service Blue Apron to pull its yearly revenue guidance.
Proper Good Closes $3.5M Seed Round To Support Retail Debut
Shelf-stable, direct-to-consumer meal brand Proper Good has closed a $3.5 million seed funding round to support its recent expansion into brick and mortar retail with a rollout to over 2,000 Walmart stores nationwide.
COP27: Climate Change Fight Turns Focus To Food
Transitioning to regenerative agriculture, utilizing upcycled food streams, adopting plant-based lifestyles and, of course, reducing carbon footprints, are set to play key roles in current global conversations around climate change.
News Roundup: CPG Giants Take Action Through Sustainable Market Initiative; New Culture Secures Investment
In this week’s roundup: CPG execs take action on regenerative ag, New Culture names new investment partner, celebrity chef Kai Chase launches new spice platform and Impossible’s patent holds up amid fight with Motif.
Albertsons Dividend Payment Restrained Amid State AGs Litigation
Albertsons is working to overturn a temporary restraining order (TRO) “as quickly as possible,” in order to unshackle its ability to divvy up $4 million in special cash dividend payments to shareholders, previously set to be paid on Monday, November 7.
Mondelez: Demand For Snacks, Sweets Drive Revenue Growth
Global snack giant Mondelēz International reported an 8.1% increase in net revenues during Q3, largely driven by organic revenue growth and the impact of recent acquisitions including Clif Bar and Greek snack brand portfolio Chipita.
UNFI’s New Program Aims to Improve QR Codes, Boost On-Shelf Transparency
United Natural Foods Inc (UNFI) has teamed up with software provider Cornerstone for Natural to introduce Smart Shelf Tags built with its proprietary ELi technology, which purportedly offer a more secure and enhanced version of a QR Code.