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Just over a month after taking a stake in Uplift Foods, Mondelēz announced today its second investment in Hu Master Holdings, the parent company of both CPG brand Hu Products and fast-casual restaurant concept Hu Kitchen. Hu Chairman and Co-Founder Jason Karp told NOSH the investment will allow the emerging brand to scale and increase accessibility of its products.
Jason Karp, CEO and founder of hedge fund Tourbillon Global Master Fund, announced earlier this week that he will be shutting down the multibillion dollar fund and returning roughly $1 billion dollars of capital to investors. His new focus, he told NOSH, will be focusing on health and wellness.
Today Hu Products, a producer of paleo-friendly, vegan, organic chocolate, announced the close of a round of funding led by Sonoma Brands, the venture fund helmed by CPG veteran Jon Sebastiani.