Headlines
As U.S. Sales Sink, Hain Celestial Outlines Adapted Game Plan
Organic and natural products company Hain Celestial Group saw its stock hit a five-year low yesterday after the company announced it had disappointing U.S. sales this quarter.
IFF Acquires Frutarom for $7.1 B
The New York-based flavor and fragrance giant announced on Monday its plans to acquire Israeli flavors and natural ingredients firm Frutarom for $7.1 billion — its biggest purchase to date. The deal would boost IFF to a second-place spot in the global natural flavors market, seeing as 75 percent of Frutarom’s sales are in natural.
Taste Radio Ep. 110: Foodstirs Founders Explain Importance of Indulging ‘Personal Mission’
Foodstirs co-founders Sarah Michelle Gellar, Galit Laibow and Greg Fleishman bake up “an indulgent experience that’s worth it”; why Vice Cream is betting on “a backlash to the backlash”; rising up times with Weller, a brand of hemp-infused coconut bites
Former Starbucks Exec Joins Caveman Foods as CEO
Caveman Foods, a producer of paleo-inspired snacks, announced today that former Starbucks Coffee executive Jeff Hansberry has joined the company as president and CEO.
Nestlé Acquires Rights to Starbucks CPG Business for $7.2B
Nestlé S.A. has acquired the global rights to sell packaged retail products from coffee giant Starbucks Corporation for $7.15 billion plus additional royalties.
Mondelēz to Acquire Tate’s for $500 M
The confectionary giant announced today that it has agreed to buy crispy cookie maker Tate’s Bake Shop from private equity group The Riverside Company as well as other shareholders for approximately $500 million.
The Checkout: It’s All About a Good Diet
This week, everyone from the Food and Drug Administration (FDA) to jerky brands and wellness gurus were offering consumers new ways to drop the weight and learn what’s in their food.
A Breakdown of the USDA’s GMO Labeling Proposal
Don’t worry; the NOSH team read the more than 100-page document so you don’t have to. Here are the main takeaways.
That’s It Lawsuit Sparks Conversation Around Clean Label Branding
Front-of-pack “clean labels” have become one of the most important ways for brands to demonstrate their whole food characteristics. But it’s also becoming a source of legal tension.
Tyson Ventures Invests in Clean Meat Startup
Future Meat Technologies (FMT) announced today that it closed a $2.2 round of funding, co-lead by Tyson Ventures, the investment arm of CPG giant Tyson Foods.