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Food and beverage industry news.
New Products: AMC Theatres-Branded Candy & A5 Wagyu Baby Food
In the week’s notable new products roundup, AMC Theatres launches its own line of branded chocolate candies, Square Baby releases a $50 limited edition baby food meal and Bob’s Natural debuts with a line of Pinole Chips.
General Mills: Cost Savings Brighten Q2 Sales Slump
General Mills struggled to keep pace in Q2 with the price increase-driven double-digit dollar sales growth of the same period last year, per its quarterly earnings report.
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Feeling Salty: New Evidence Emerges in Grillo’s Suit Against Patriot Pickle
Boston-based pickle brand Grillo’s yesterday filed an amended complaint as the latest salvo in its fight against former co-packer Patriot Pickle.
Tiny Tuna: Tonnino Hooks Premium Position With Kids Cans
With its glass jar packaging and culinary inspired varieties, Tonnino has staked a claim on the premium tuna space during its 13 years on the market. But can that approach reel in some smaller tykes?
Blackbird Foods Looks Beyond Pizza for Growth
Blackbird Foods is utilizing its foundation in foodservice and a self-manufacturing production model to build a frozen vegan food brand that aims to “displace conventional animal products.”
Springdale GP: “Creator Space” and Authenticity Key to Investing Strategy
After announcing the closing of its $40 million Fund II yesterday, venture capital firm Springdale Ventures is looking to “double down” on its early stage CPG investment strategy in the new year.
Report: Despite Record Spending, Consumers Remain Worried About Rising Prices
As concerns about inflation and rising prices continue, Coefficient Capital and The New Consumer have released a 2023 Consumer Trends report.
Springdale Ventures Closes $40M Fund II
Founded in 2019, Springdale is a consumer products-focused firm whose portfolio includes over 40 brands, including food and beverage companies such as Better Booch, KOS, Mr. Beast’s Feastables, BEATBOX, and better-for-you snack brand GOODLES.
Mary’s Gone Crackers Looks To Packaging, Ingredients As Source For New Innovation
After nearly three decades on the market, Mary’s Gone Crackers’ spot in the organic, gluten-free cracker set has yet to go stale. In fact, after only five months into his role as CEO, Michael Finete told NOSH in an interview that the company is working on building new internal processes to keep fresh ideas and innovations flowing.
NOSH INSIDER WEEKLY: Chobani Snaps up La Colombe for $900M, Open Source Coffee, Doritos Spirits & More
Dive into NOSH’s Weekly Briefing with all the top news from last week including Chobani snapping up La Colombe for $900 million, the question of open-source research in lab grown coffee and the Empirical x Doritos Nacho Cheese release.