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Food and beverage industry news.
New Hope Ending Expo East; New Trade Event Set for 2024
Savor the nostalgia because after nearly four decades, Natural Products Expo East is on its last lap. Organizer New Hope Network confirmed in a letter to attendees yesterday that this year’s annual conference, which begins today in Philadelphia and runs through Saturday Sept 23, will be the show’s last.
Wiliot Introduces Real-Time Humidity Sensing to Its Ambient IoT Visibility Platform
Wiliot, the Internet of Things pioneer whose ambient IoT Visibility Platform is enabling trillions of “things” to gain intelligence, today announced it has achieved the breakthrough ability to sense and analyze humidity levels of individual products, in real-time, throughout the supply chain.
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Circana: Rising Food Prices’ Impact On Shopping Behavior
Shoppers are continuing to struggle with how to mitigate the higher prices at grocery stores, according to Circana, with 94% of consumers are concerned with the cost of food.
CPG Experts Team Up to Launch $312M Fund Humble Growth
Today Nick Giannuzzi, founder of law firm Giannuzzi Lewendon, along with RxBar founder Peter Rahal and Orgain founder Andrew Abraham, announced the official launch of their venture firm Humble Growth, which is debuting with a first fund of $312 million.
Sir Kensington’s Co-Founder, Fidelity Unveil New Fund
In a LinkedIn post yesterday, Sir Kensington’s co-founder Scott Norton unveiled Unfold Ventures, a $300 million Fidelity-owned fund “dedicated to backing the next generation of breakthrough consumer companies”
Whiz Kid: Toodaloo CEO Joins Wiz Khalifa to Launch MISTERCAP’s
The rapper Wiz Khalifa, Philippe Chetrit, CEO of adaptogenic-enhanced snack brand Toodaloo; and the co-founders of Khalifa Kush, Tim Hunkele and DJ Saul, have joined together to launch MISTERCAP’s, a new line of mushroom-based products.
Aerofarms Emerges “Fully-Funded” From Chapter 11 Filing
After filing for Chapter 11 bankruptcy in June, Aerofarms announced today it has restructured the organization to be “fully-funded” following the court’s approval of its asset purchase agreement.
Notable New Products: NPR Gelato & Dino Veggie Tots
In this week’s notable new products roundup, Chobani celebrates Halloween by “dressing up” its yogurts in “costumes,” Lexington Bakes relaunches its Hazelnut Gianduja Brownie with Erewhon and Dolcezza unveils an NPR-inspired gelato.
Obvi Wants to ‘Infiltrate’ Midwest with Expanded Coffee, Pet Brand Platform
Last month, collagen powder mix maker Obvi made its first acquisition, purchasing ground coffee manufacturer Coffee Over Cardio. The deal is just the first step, the company said, in its mission to become a CPG portfolio with a deep presence in the Midwest by way of its New Jersey HQ.
Quinn Foods Announces Long Awaited New CEO
Gluten-free snack brand Quinn Foods has ended over a year and a half searching elevating chief commercial officer Al Matulis to CEO who has been with the company since 2019.