Headlines
Get that Cheddar: Goodles Raises $13M to ‘Out Weird’ the Competition
Mac and Cheese and pasta brand Goodles announced yesterday a $13 million in new capital as it looks to take on its blue box and bunny competitors.
Hostess Sells To J.M. Smucker For $5.6B
J.M. Smucker will buy longtime Twinkie, Ho-Ho, Voortman Cookie and Ding-Dong maker Hostess for $5.6 billion, according to an announcement today.
NOSH Podcast: Can Natural Foods Compete In Conventional Cold Cases?
This week Red’s Natural Foods CEO and founder Michael Adair shares the lessons he has gathered while operating a clean label frozen brand for 14 years. Also, the team talks club store purchases before discussing how conventional channels are becoming more popular with natural food brands.
Notable New Products: Sloppy Joseph Sauce & White Truffle Potato Chips
In this week’s notable new products roundup, Amy’s Kitchen unveils a new multipack frozen burrito format, Wonderful Pistachios makes its first flavor addition in nearly a decade and Noble Made releases a new Whole Foods-exclusive sauce.
Meati Raises $50M “Economic Cushion” For Growth Trajectory
Mycelium-based food startup Meati is rumored to have raised a $50 million Series C extension round. Investors include Bond, Congruent Ventures and Revolution Growth, among others.
To Move Merger Forward, Kroger, Albertsons Unveil $1.9B Divestiture Plan
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.
Following Teen’s Death, Paqui Pulls “One Chip Challenge” From Shelves
Following the death of a Massachusetts teen who took the Paqui “One Chip Challenge,” Amplify Brands, a subsidiary of parent company Hershey’s, said it will pull the product from stores.
From Liquid Death to Sour Stamina: Science Inc. Launches Final Boss Sour
CPG investment and brand development firm Science Inc. – the initial investor behind runaway beverage hit Liquid Death – is asking consumers to pucker up for its latest in-house product: a new brand of gaming-themed snacks called Final Boss Sour.
Kroger, Albertsons Could Sell Over 400 Stores to C&S for $2 Billion: Report
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.
Momofuku Goods Raises $11.5M in Second Round This Year
Asian-inspired pantry staples maker Momofuku Goods has raised $11.5 million in a funding round led by Alliance Consumer Growth to further its national expansion strategy. This is the “restaurant-grade” brand’s second, eight-figure raise this year.