Shauna Golden

Better-for-you Mexican food brand Tia Lupita has closed a $2.6 million funding round led by Santatera Capital and GBM Ventures to support product innovation and expansion into new markets. The entire round was raised by Mexican investment institutions.

Since the onset of the pandemic, a volatile economic climate has harshly impacted consumer-facing businesses’ ability to raise funding due to increased cost of capital and unpredictable product demand.

Seaweed aquaculture company Atlantic Sea Farms (ASF) has unveiled a fresh new look across its retail and wholesale products, seeking to forge a stronger connection between its partner farmers and consumers.

Five years after launching its signature oat-based granola butter, Oat Haus has opened a new growth phase by leaving its 11,000 sq. ft. manufacturing facility in Philadelphia and moving into a 45,000 sq. ft. manufacturing and fulfillment facility in Cleveland.

Wellful, an omnichannel health and wellness company, is rebooting weight management company Jenny Craig as a direct-to-consumer meal platform.

Although users may primarily flock to TikTok to jump on the latest dance trends, the short video social media platform is seeking to become one of American consumers’ go-to ecommerce destinations with the launch of TikTok Shop.

Price hikes helped General Mills drive sales past analysts’ expectations and improve margins despite consumers’ growing caution, according to the company’s Q1 2024 earnings report released today.

Kroger and Albertsons today announced they have entered into a $1.9 billion divestiture agreement with C&S Wholesale Grocers intended to appease antitrust regulators reviewing the companies’ proposed $24.6 million merger.

Seeking to gain U.S. regulatory approval for their proposed $24.6 merger, grocery giants Kroger and Albertsons are in talks to offload 400 stores to C&S Wholesale Grocers for nearly $2 billion, as reported by Reuters.

TreeHouse Foods announced today that it will sell its Lakeville, Minn. manufacturing facility and snack bars business to global nut distributor John B. Sanfilippo & Son, Inc. for approximately $63 million as it shifts focus to becoming a private label leader. The deal is expected to close in the next 30 days.