Lukas Southard

Campbell Soup Company offloaded its nut and trail mix brand Emerald Nuts to Minneapolis-based, private label manufacturer Flagstone Foods on Tuesday for an undisclosed amount as the legacy soup company prioritizes its more successful snacking labels.

Backed with over $50 million in investment, former CEO of the Roundy’s and Mariano’s chains Bob Mariano has embarked on his latest venture in the Chicago area, Dom’s Kitchen and Market. The retailer hopes to have 15 stores by the end of next year building on an omnichannel, experiential type of food shopping grounded in prepared foods, heavier product curation and app-based connectivity.

The USDA’s purview is regulating agricultural products and livestock that become food, but its reach in the industry stretches into other areas of health, nutrition, food access and safety. Here is a brief explainer about some of the current administration’s priorities pertaining to CPG food.

Ben & Jerry’s has named its longtime CMO as the new top executive, signaling that the company will continue highlighting its role as an outspoken voice for social activism.

Beyond Meat was issued a class action lawsuit by institutional shareholders alleging that the plant-based meat company’s executives knowingly misled its investors about the strength of the company’s manufacturing and foodservice partnerships while, in the process, profiting on the inflated share price.

A bipartisan bill in Congress will offer SNAP recipients access to frozen produce, Motif FoodWorks is launching a foodservice portfolio of its plant-based meat products and NFL quarterback Aaron Rodgers’ private equity firm RX3 Growth Partners announces a $150M fund II.

Beyond Meat showed “solid progression” in its goal to become cash flow positive despite a net loss for Q1 2023 while also announcing a $200 million “at the market” new stock offering to help bolster its cash reserves.

Hain Celestial has downgraded its full-year 2023 guidance after posting a net sales of $455.2 million Tuesday morning, down about 9% from the same period last year.

Last week, ingredient company Sweegen received GRAS status for its new Ultratia line of brazzein sweeteners that claim to be 500 to 2000 times sweeter than regular sugar, marking another step forward in the race to create the next generation of better-for-you sugar alternatives.

Target announced its Takeoff Food and Beverage Accelerator program class of 2023. The mentorship program will help 10 emerging food and beverage brands successfully improve branding and marketing strategies.