Shauna Golden

Plant-based seafood brand Konscious Foods has shuttered its business, citing “unforeseen changes in U.S.-Canada trade relations and headwinds in the plant-based food sector.”

Roughly seven months after its primary lender pulled two-thirds of the company’s available cash, mycelium-based alt-meat producer Meati has reportedly powered down its Thornton, Colo., plant.

While inflationary pressures have affected how consumers shop to make the most of their budgets – from retail channel to pack size to brand – confectionery industry dollar sales are still growing as shoppers seek to “enhance special moments.”

Patriot Pickle has acquired Cosmo’s Foods Products, a manufacturer of pepper products and antipasto specialties, broadening its portfolio for both foodservice and retail customers. Terms of the transaction were not disclosed.

General Mills has made price cuts across roughly two-thirds of its North America Retail (NAR) portfolio as “lower- and middle-income consumers [continue] to feel significant economic pressure.”

After making its retail debut in 300 Target stores last month, Candy Date brand Smood Sweets is set to go national with the mass retail chain in March, bringing the brand to all 1,900 locations.

Founders Row, a new venture studio focused on founder-led consumer businesses, announced today its backing of direct-to-consumer soft pretzel brand Hot Box Pretzels.

Amid reported settlement talks with $4 billion activist investor Elliott Investment Management, PepsiCo announced on Monday that it is evaluating an integrated model for its North America supply chain and go-to-market optimization initiatives.

After debuting at the Sweets & Snacks Expo roughly six months ago, Smood Sweets is bringing its candy dates to Target stores nationwide this month, aiming to reimagine nostalgic candy for the masses.

Mainline distribution company United Natural Foods, Inc. reported improved profitability, fueled by supply chain efficiency initiatives, despite a slight decline in net sales.