Carol Ortenberg
Posts by Carol Ortenberg
Whole Foods Resets Regions, Promises Business As Usual for Brands
Whole Foods has redrawn its national footprint and dropped to six total regions, creating a new organizational structure. Though this may change which regions brands are sold in, a spokesperson told NOSH that suppliers will not be impacted when it comes to merchandising or distribution.
Monogram Capital Sells Western Smokehouse, Says Deal Reinforces Supply Chain Focus
Investment firm Monogram Capital has sold meat snack producer Western Smokehouse to AUA Equity Partners, a deal that Monogram co-founder and partner Jared Stein proves out the firm’s thesis of heavily investing in supply chain-oriented companies.
After Failing to Find Buyer, Boxed Declares Bankruptcy
Publicly traded online retailer Boxed declared chapter 11 bankruptcy today, just months after the company announced that it was “exploring strategic alternatives” such as a sale of the business.
Report: Good Eggs Secures Critical Capital At Significant Markdown
Good Eggs has raised a new round of capital to help the reportedly struggling online grocer, meal kit and ready-to-eat meal provider continue operating.
No Longer A Big Apple Exclusive, Magnolia Bakery Moves into CPG
Two decades after its signature cupcake was featured on HBO’s Sex and the City, Magnolia Bakery is trying to be known for a different sweet treat: cookies. This week the New York City bakery chain is launching its first CPG product into retailers across the country.
CPG Execs Announce The Family Fund, Will Invest $25M
A trio of CPG industry leaders is launching the Family Fund and Founder Community (F3C), aiming to create the support network it “wished they had” early in their careers. The venture group debuts with a $25 million fund.
Miyoko’s: Schinner Claims Gender Discrimination Was At Root of Her Dismissal
Following a contentious breakup, Miyoko Schinner has countersued vegan dairy company Miyoko’s PBC, alleging that she was dismissed from the company she founded in retaliation for her claims of gender discrimination.
CircleUp Breakup: Lending Fund Sold, VC Fund in Transit, AI Play Fate Unknown
Big changes are afoot at CircleUp. The company, which has become a significant source of investment and lending capital to early-stage CPG brands, has has begun divesting its financing vehicles, including a venture capital fund and a credit platform
Expo West: Stryve Drops ‘Biltong’ from Packaging, Mindright Reformulates
In a roundup of news spotted at Natural Products Expo West 2023: Stryve rethinks its packaging, dropping the term “biltong;” Midnight reformulates to incorporate scientifically backed ingredients; and Fabalish expands its portfolio and launches a new look.
Hot Stuff: Fly By Jing Brings in $12M to Scale Brand & Retail Presence
After moving from online into retail last year modern Chinese food brand Fly By Jing announced today it raised an additional $12 million in funding to fuel continued expansion primarily in conventional grocery stores.