Adrianne DeLuca
Posts by Adrianne DeLuca
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.
Lipari Foods Acquired
Michigan-based distributor Lipari Foods announced today it has been acquired by Greenwich, Connecticut investment firm, Littlejohn & Co.
TIG Brands Uses Rolling Fund To Bridge Gap For Emerging Brands
The venture capital “Valley of Death” regularly kills off great-but-underfunded natural food and beverage brands trapped in its cycle, so TIG extended its platform to build a financial bridge.
The Checkout: Banza Commits To Regenerative Chickpeas; SFA Predicts Upcoming Trends
In this week’s roundup: Banza commits to transition chickpea acres to regenerative; SFA predicts upcoming 2023 trends; 12 Tides wants to give consumer kelp tattoos and Lotus Foods founders release a cookbook.
Kroger/Albertsons: State AGs Challenge Pre-Merger Transaction
A group of state attorneys general (AG) are challenging the impending, initial transaction outlined in the Kroger/Albertsons merger agreement – a dividend cash payment totaling nearly $4 billion.