Lukas Southard

Better-for-you, Portland-based convenience store concept Green Zebra Grocery is shutting down all three locations at the end of the month citing the pandemic and inflation making the cost of business too steep to continue.

EnWave Corporation has sold its Moon Cheese snack brand to Creations Foods along with a royalty-bearing commercial license agreement to produce cheese snacks in the U.S. as the food drying technology company strategically focuses from retail CPG to licensing partnerships.

Swedish oat beverage maker Oatly announced that revenue increased 4.9% year-over-year to reach $195.1 million in Q4, while also informing investors that it had secured $425 million in financing commitments that will allow the business to grow as it looks to reach “self-sufficiency.”

Canadian pea and canola plant protein maker Merit Functional Foods has been placed in receivership with creditors filing court order Wednesday.

On Tuesday, the FDA announced its progress on restructuring the Human Foods Program consolidating food safety enforcement under one leadership role and streamlining operations internally and in the field.

Beyond Meat executives expressed renewed confidence that the company’s “decisive actions” to prioritize positive cash flow above growth is beginning to work even as the company announced net revenues of $79.9 million, a decrease of -20.6% from Q4 2021.

Cell-cultivated protein companies appear to be locked in a race to build commercial-scale production plants, even as the industry awaits full regulatory approval from both the FDA and the USDA, reflecting the long and complex road towards widespread commercialization and price-parity with conventional meat and seafood.

The FDA has requested further answers from The J.M. Smucker Company about the company’s food safety response in the wake of a Salmonella outbreak that led to a Jif brand peanut butter recall in May 2022.

Unilever has appointed former H.J. Heinz executive Hein Schumacher to lead the CPG company effective July 1 reaffirming the multinational company’s commitment to its food brands.

The Washington State Supreme Court has cleared the way for Albertsons to pay out a $4 billion shareholder dividend after it sided with a lower court trial judge in declining the state attorney general’s request to appeal an injunction on Tuesday.