Shauna Golden
Posts by Shauna Golden
Laird: “Unsteady” Progress in Turnaround, Q2 Net Loss at $3.5M
Laird Superfood reported a net loss of $3.5 million during its second quarter as it continues its long-term turnaround effort, a process CEO Jason Vieth described to investors as “by nature an unsteady progression.”
After Disappointing Quarter, Beyond Meat Acknowledges Consumer Divide
Beyond Meat reported a 30% drop in net revenue in its ‘disappointing’ second quarter, citing a decline in U.S. consumer demand for plant-based meat products.
Sprouts: Product Differentiation, Omnichannel Presence Drive Q2 Growth
Sprouts Farmers Market credited its differentiated dairy, proteins, and bakery offerings for growing sales in its Q2 earnings report.
Kraft Heinz Taking Philadelphia Plant-Based Spreads Nationwide
Following a limited test, Kraft Heinz is starting the nationwide rollout of its first Philadelphia brand plant-based spread in Original, Strawberry and Chive & Onion varieties.
Brynwood Advances Carveout Strategy with Acquisition of Marie’s
Venture firm Brynwood Partners announced today it has entered into an agreement to acquire the Marie’s salad dressing brand and Dean’s Dip businesses from Ventura Foods, LLC, as well as the Thornton, Illinois facility where the products are manufactured. Financial terms of the deal were not disclosed.
Pickle Wars Redux: Grillo’s Sues Patriot Pickle; Claims Co-Packer Stole Family Recipe
Boston-based pickle brand Grillo’s has filed a lawsuit against Patriot Pickle alleging the theft of its proprietary recipe to produce a line of “nearly identical” products for Whole Foods Market.
RollinGreens Expands Availability of Plant-Based Meat Alternatives, Seeks to Become Shelf-Stable Category Leader
RollinGreens has expanded its retail footprint through partnerships with Sprouts, Walmart, Raley’s and Safeway & Albertsons banners in a continued effort to become a category leader in the shelf-stable, plant-based meat space. The new distribution gains bring the brand’s total store count to 4,300.
UNFI Realigns Regional Structure, Anticipates ‘Few to No Impacts’ for Suppliers
United Natural Foods (UNFI) will consolidate its four operating regions to three in an effort to “enhance profitability, speed decision-making and reduce administrative layers,” the company announced on Tuesday. Though the move shakes up UNFI’s business operations, the company said it does not believe the move will have a significant impact on brands and suppliers.
Meatless Farm Makes ‘All Teams Redundant’
Plant-based meat company Meatless Farm appears to have laid off a majority of its workforce, according to social media posts from several former employees in addition to reports by BBC News and The Telegraph.
Powered by Mycelium: Ecovative Puts Additional $15M into MyForest Foods Subsidiary
MyForest Foods, maker of plant-based, mycelium-grown bacon alternative MyBacon, announced yesterday it has added an additional $15 million in capital to accelerate retail and foodservice distribution across the East Coast and appointed a new CEO.