Brad Avery

Danone has found a buyer for its premium dairy brands Horizon Organic and Wallaby, announcing today it has agreed to sell the businesses to investment firm Platinum Equity.

Hong Kong-based DDC Enterprise, which operates the DayDayCook brand, announced today it has acquired Thai American foods brand Yai’s Thai for an undisclosed sum, further expanding its presence in the U.S. market.

After announcing the closing of its $40 million Fund II yesterday, venture capital firm Springdale Ventures is looking to “double down” on its early stage CPG investment strategy in the new year.

Founded in 2019, Springdale is a consumer products-focused firm whose portfolio includes over 40 brands, including food and beverage companies such as Better Booch, KOS, Mr. Beast’s Feastables, BEATBOX, and better-for-you snack brand GOODLES.

As it looks to expand its team to match its fast-growing footprint, discount grocery ecommerce platform Martie has raised $7 million in a new funding round led by Upfront Ventures, the company announced this week.

On day one of NOSH Live Winter 2023 in Marina Del Ray, California, natural food industry leaders offered their insights into the fast-changing modern era of business, in which the rules of investment, merchandising and leadership look vastly different than even just a year ago.

Vacadillos, the meat snack brand owned by beef biltong purveyor Stryve Foods, is now available nationwide at Albertsons Companies stores, the brand announced in a press release today; Dough and frozen pizza maker Yough! – which markets low-carb doughs made from Greek yogurt – is now available in New York City via GoPuff.

WK Kellogg Co., the recently spun-off cereal business from the Kellogg Company, reported net sales fell by -2% to $692 million in Q3 during its first earnings report as an independent company yesterday.

As it continues to focus on its core categories of chocolate, biscuits and baked snacks, Mondelez International reported net revenue growth up 16.3% in Q3 to over $9 billion, raising its full year revenue growth outlook from 12% to 14%-15%.

Amid its retooling of cannabis edibles company TSUMo Snacks, CPG venture studio Redbud Brands is also now developing a new class of brand launches as it moves on from others it has discontinued.