Adrianne DeLuca
Posts by Adrianne DeLuca
Albertsons: Inflation Boosts Q3 Revenue & Sales, While Margins Tighten
Albertsons Companies released its quarterly earnings on Tuesday, reporting net sales and other revenue reached $18.2 billion in Q3, a 1% increase from Q2 results, with growth largely driven by retail price inflation and higher fuel sales.
RodeoCPG Sells R&D To JPG Resources, Seeks To Scale Sales
JPG Resources has acquired RodeoCPG’s Brooklyn-based R&D team allowing JPG to better serve brands in the Big Apple, while Rodeo pivots toward becoming a targeted, tech-forward sales management platform.
Study Sparks Debate Over Heavy Metals in Dark Chocolate
Both organic and conventional chocolate makers came under fire when a Consumer Reports study found potentially hazardous levels of lead and cadmium in 28 dark chocolate products. The issue became more complex when Trader Joe’s and Hershey’s, were served with class action lawsuits.
Pop Up Grocer Goes Full-Time In Brick and Mortar
The pop-up grocery store concept will open its first permanent brick and mortar location at 205 Bleecker Street in New York City this winter.
Oatly Moves To Hybrid Production Via Deal With Ya YA Foods
Oatly is making moves toward its transition to an asset-light, supply chain strategy after inking a $72 million deal with Toronto-based co-packer Ya YA foods on Tuesday.
2022 Recap: Alt-Proteins See Innovation Surge, Beyond Meat & Impossible Drama
Regardless of what it’s called – plant-based, alternative, animal-free, fake meat – 2022 saw plenty of money and movement in the category of non-animal-derived protein. Check out the timeline for highlights from the emerging and tumultuous industry.
Court Blocks Albertsons’ $4B Special Dividend Payment To Shareholders
Washington State’s Supreme Court extended the block on Albertsons’ $4 billion special dividend payment to shareholders late last week by granting the state attorney general’s (AG)’s request for emergency injunctive relief.
News Roundup: Ynsect Expands U.S. Capabilities; Blue Apron Provides Funding Update
In this week’s roundup: Ynsect explores synergies with flour ingredient processor Ardent Mills; Blue Apron provides update on funding issues, Mad Capital raises $4M for regenerative ag fund and FDA amends yogurt standard of identity.
Conventional Dairy Leaders Go Vegan, Animal-Free With New And Established Brands
The vegan cheese market has aged; enough so that conventional dairy cheese makers are looking to the category as an opportunity to innovate. But can these products help solidify the category’s long term growth?
Second Nature Brands Looks To Build BFY Sweets And Snacks Platform
Second Nature Brands, parent company to Kar’s Nuts, Sanders Chocolates and Second Nature Snacks, is looking to ramp up its acquisition strategy over the next few years as it seeks to build a platform of better-for-you sweet and snack brands.