Posts by Carol Ortenberg
After spending almost a quarter of a century at General Mills, Pete Speranza wants to “change the food system.” The former business development principal at 301 Inc, General Mills’ venture arm, left the company on August 14 and will join venture firm Unovis as an operating partner.
Attempting to create parity around professional opportunity in the food and beverage industry, three CPG executives announced today the launch of Project Potluck. The organization will start with three initiatives: a mentorship program, monthly community building events and a digital community on LinkedIn.
Over his career, Fred Haberman has founded a PR firm, an aquaponic farm, and even the U.S. Pond Hockey Championships. Now he’s setting his sights on grocery store shelves with the launch of Freak Flag Organics. In this video, Haberman details why he wanted to take on the project of “manifesting vision into products,” and the lessons he’s learned in the process.
Dip and salad dressing brand Litehouse Foods is ready to expand beyond the produce section after announcing today that it had completed the acquisition of pasta alternative company Veggiecraft Farms in July. Terms of the deal were not disclosed.
Last month Melissa Facchina, founder and CEO of outsourced operations firm Siddhi Ops, and the Finn Family, the backers of Martstar investments, announced the close of their first fund under the newly formed firm Siddhi Capital. Facchina will also partner with the father and son duo of Brian Finn (the former CEO of Credit Suisse USA) and Steven Finn on a special purpose acquisition company (SPAC.
It’s the summer of special purpose acquisition companies (SPACs). Also known as blank check companies, SPACs have increasingly become appealing for the ability to quickly create category leaders and getting capital infusions into brands that need them. The past week has seen two such investment vehicles from industry experts.
While keto and low-sugar products may dominate the food industry discussion right now, Chef Christina Tosi wants to answer the question of ‘what happened to dessert?’ The award-winning chef and bakery owner announced today the launch of a new line of Truffle Crumb Cakes in Whole Foods Markets nationwide.
As it prepares to enter its next phase of growth, snack brand Spudsy announced last month the close of a $2 million round of funding. It’s necessary capital, founder and CEO Ashley Boeckle said, to get the brand to profitability and support increased distribution.
Kirsty Lewis officially has two tweens on her hands — both her son and the snack company named after him, Quinn turn ten this week. With one decade in business under its belt, the company announced today the close of $3 million in funding, in part to help further launch its newest releases, grain-free and gluten-free pretzels.
Today ghee brand 4th and Heart announced the appointment of Max Dichter as president following the departure of founder and former CEO Raquel Tavares. Dichter, who has been with the company for two years, is taking over after Tavares left the company in July.