Headlines

Global snack giant Mondelēz International reported an 8.1% increase in net revenues during Q3, largely driven by organic revenue growth and the impact of recent acquisitions including Clif Bar and Greek snack brand portfolio Chipita.

Attorneys general from Washington state and the District of Columbia are seeking to temporarily block a $4 billion payout to Albertsons’ shareholders on November 7, filing lawsuits this week to put a hold on the cash dividend at least until the grocery giant’s proposed merger with Kroger can be reviewed by federal regulators. Albertsons’ shareholder… Read more »

Tech-enabled finance platform Ampla Technologies announced this week it has acquired Upside Financing, a move it says will help the company open up a B2B buy-now, pay-later market. Financial details of the acquisition were not disclosed.

Our next virtual networking event is on Wednesday, November 9th from 3:00 – 4:00 PM ET. Virtual networking is a series that connects food and beverage brands with industry experts. Growing brands will have the opportunity to meet 1:1 with leaders from Whipstitch Capital, Piper Sandler, FDM Sales Management, Chase Ink. Public Relations, MomentumCPG, and Arena Partners.

United Natural Foods Inc (UNFI) has teamed up with software provider Cornerstone for Natural to introduce Smart Shelf Tags built with its proprietary ELi technology, which purportedly offer a more secure and enhanced version of a QR Code.

Albertsons has rejected a request by several state attorneys general (AG) to hold off on a special dividend payment totaling nearly $4 billion to stakeholders, stating the dividend plans were developed prior to potential merger discussions with Kroger and payment cancellations could lead to financial and legal liabilities, as reported in Bloomberg.

Outstanding Foods co-founder and CEO Bill Glaser spoke about how he has applied lessons from prior entrepreneurial ventures to the company’s business strategy, how the brand has attracted celebrity investors and involved them in marketing and promotion efforts, and the evolution of Outstanding Foods’ package design and its alignment with the company’s innovation and retail strategies.

Michigan-based distributor Lipari Foods announced today it has been acquired by Greenwich, Connecticut investment firm, Littlejohn & Co.

McCain Foods is boosting visibility of its sustainability goals through the launch of regenerative agriculture-grown Regen Fries in partnership with web3 platform Roblox and NFT-themed Los Angeles burger restaurant Bored & Hungry.

This week’s roundup of new products saw brands creating better-for-you iterations of classic candies, celebrating breakfast with donut kits and pancake mixes and getting ready for the holiday season with limited-edition packaging and advent calendars.