Brad Avery

Oatly announced it will lay off staff and transition the business to an “asset-light” hybrid production model after reporting a net loss of $107.9 million, with revenue growth falling short of analysts’ expectations, in its Q3 earnings report today.

Ontario-based meat and plant-based foods producer Maple Leaf Foods has suffered a system outage due to a “cybersecurity incident,” the company announced Sunday. In a press release, the company – Canada’s largest meat and poultry producer – said it “took immediate action and engaged cybersecurity and recovery experts” to restore the system, but noted it… Read more »

Attorneys general from Washington state and the District of Columbia are seeking to temporarily block a $4 billion payout to Albertsons’ shareholders on November 7, filing lawsuits this week to put a hold on the cash dividend at least until the grocery giant’s proposed merger with Kroger can be reviewed by federal regulators. Albertsons’ shareholder… Read more »

Nestlé has reached an agreement to fully acquire Seattle’s Best Coffee, a dry coffee brand owned by Starbucks, four years after the Swiss conglomerate obtained global marketing and distribution rights to the brand. Terms of the transaction were not disclosed. The acquisition is expected to close by the end of the year following regulatory approval… Read more »

Kroger will purchase fellow grocery retailer Albertsons in a $24.6 billion deal that has left members of the industry wondering about the long term ramifications for brands and shoppers.

After closing the book on his last food and beverage venture Smári Organics, Smári Ásmundsson’s new brand has the Icelandic-born, California-based entrepreneur thinking Bygg. Ásmundsson announced on LinkedIn this month his latest venture, Bygg Foods, which will create foods and beverages made using upcycled barley grain, beginning with a plant-based milk set to launch in… Read more »

As inflation puts more pressure on consumers’ wallets, shoppers increasingly shied away from new trends and returned to more affordable and reliable habits in Q2 2022, according to a report by research platform evergi. Although Americans continue to be interested in athleticism, dieting and health, the overall wellness market has shrunk amid economic uncertainty, according… Read more »

Flash-frozen coffee producer Cometeer is making its brick-and-mortar retail debut this month in all seven Erewhon locations in Southern California. As part of the rollout, the company is also debuting three new 4-pack varieties, available exclusively in Erewhon stores, which will retail for $10.99 each. What is Cometeer? Founded in 2015 by CEO Matt Roberts… Read more »

Club CPG, a digital company focused on bringing web3 strategies to the consumer sector, is looking to more closely mentor a new generation of tech-minded startups with its two latest projects: The Pop Incubator and Builder’s Club. The new programs are a part of Club CPG’s latest extension, Pop, a token-gated web3 community accessible exclusively… Read more »

Last week, low-alc aperitif brand Haus announced that it would shut down after a funding round fell through, leaving the company without the necessary cash on hand to continue operating. But rather than filing for federal Chapter 7 or Chapter 11 bankruptcy protections, the California-based brand instead looked to a different type of common law… Read more »