Brad Avery
Posts by Brad Avery
FDA Appoints First Deputy Commissioner for Human Foods Program
The U.S. Food and Drug Administration (FDA) has found its first leader for its Human Foods Program, appointing 30-year Environmental Protection Agency (EPA) veteran James Jones as Deputy Commissioner.
Next Level: G Fuel Brings BFY to Gaming Snacks With Protein Puffs Launch
G Fuel has long focused on selling better-for-you alternatives to mainstream energy drinks through its gamer-centric branding. Now, the company is looking to trade on its authentic reputation in the gaming community by applying that same focus to snacks with its first food product: G Fuel Protein Puffs.
Yves Potvin’s Konscious Foods Closes $26M Seed Round
Plant-based seafood brand Konscious Foods has closed a $26 million funding round backed by Protein Industries Canada, Zynik Capital, Walter Group and more, the company announced today.
Chia Smash Launches Grab-and-Go Sachets
Superfood jam brand Chia Smash is looking to use its retail momentum to power the launch of a new grab-and-go sachet line in Sprouts this month.
BranchOut Food Closes IPO, Adds New Walmart, Costco Stores
Hot off the closing of its IPO on the Nasdaq Capital Market last week, Oregon-based dehydrated produce snacks maker BranchOut Food Inc. is expanding its business with new distribution and a U.S. Army contract to aid in the production of MREs (Meals Ready-to-Eat).
Energy Drinks, ‘Elevated’ Foods Lead Circana’s New Products Pacesetters
The annual report tracks the top 100 food and beverage and top 100 nonfood product launches that completed a full year of sales in 2022, which combined reached $6.8 billion in year-one sales, up from $6 billion the year before. Within food and beverage alone, “New Product Pacesetter” brands reached nearly $3.5 billion in sales, a 19% increase from 2021.
Campbell Soup Company: Snacks Lead Q3 Growth as Soup Remains Flat
The Campbell Soup Company reported Q3 FY2023 earnings in line with its expectations as net sales grew 5%, according to the company’s earnings report this morning. Reported earnings before interest and taxes (EBIT) fell by 14% to $254 million and adjusted EBIT was down 2% to $313 million.
Selva Ventures Looks to Double BFY CPG Portfolio with $34M Fund II
Health and wellness-focused CPG investment firm Selva Ventures announced this week it has closed a $34 million raise for its second fund, which included backing from Unilever Ventures, PagsGroup and Obelysk as well as existing investors.
FaZe Clan Co-Owner’s 1UP Candy Dares Consumers with ‘Sour Gummy Challenge’
Launching online today, 1UP Candy is a startup co-founded by Awadis, co-owner of esports organization FaZe Clan and a YouTuber with over 23.2 million subscribers. The company, which intends to focus on non-chocolate candies, is debuting with a single product: the Sour Gummy Challenge.
Factory, LLC Opens Up Manufacturing Arm
Factory, LLC’s name got a little more literal as the food and beverage investor and brand incubator opened up a 75,000 square foot co-manufacturing facility this year.