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Food and beverage industry news.
General Mills’ Stock Drops After Q4 Sales Fail to Meet Analysts’ Projections
General Mills’ stock dropped 5.17% yesterday after the company reported a decline in profit and net sales that failed to meet analysts’ forecasts during its Q4 earnings report.
Q&A: How Gut Microbiome Research And Grants Guide Danone’s Innovation
Yogurt has long been viewed as a staple of healthy diets, but it’s just part of a growing conversation around the gut microbiome – and one in which relevant CPG players, including Danone, are hoping to have a bigger part. We recently chatted with Dr. Miguel Freitas, VP of Health and Scientific Affairs North America, to learn what value the global food and beverage conglomerate sees in funding first party research.
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Summer Fancy Food Show: Zesty Z Focuses on Snacking; RIND Rebrand
More news from the Summer 2023 Fancy Food Show floor, including interviews with snack brand Zesty Z, alt-dairy cheese brand RIND by Dina & Joshua, upcycled food brand Matriarch Foods and condiment line We Love You.
Seasoned Snacks Steal The Show At Summer Fancy Foods
BBQ, Sweet Curry, Truffle and plenty of other spices coated some of the most exciting new snacks spotted at this year’s Summer Fancy Food Show in New York City. From Rufus Teague’s new BBQ seasoned nuts to Pop Daddy Thai Honey Curry pretzels, it’s safe to say bold flavors were not in short supply.
Lucky Jack Coffee Acquired By Private Label Producer
Cold brew brand Lucky Jack has been acquired by private label manufacturer Magnum Coffee Roastery earlier this year for an undisclosed amount. Magnum has added Lucky Jack’s high-caffeine extraction IP, facility, products and manufacturing capabilities as part of the deal.
Summer Fancy Food Show: Keen Consolidates Brands, Tochi Expands Snack Lineup
Private equity firm Keen Growth Capital is putting all of its eggs (or condiments) in one chef’s basket, announcing at this week’s SFA Summer Fancy Food show the consolidation of its tomato sauce, dressing and mayo lines under a new unified brand, Colicchio Kitchen, featuring chef Tom Colicchio.
Where Will Joyful Ventures Deploy New $23M Fund?
A new $23 million VC fund is seeking scalable, early-stage, sustainable protein-focused startups to back. Launched by Joyful Ventures, the fund is specifically looking to invest in B2B businesses that have the ability to deploy multiple revenue streams and support the growing infrastructure needs of the alt-protein category.
BranchOut Food Closes IPO, Adds New Walmart, Costco Stores
Hot off the closing of its IPO on the Nasdaq Capital Market last week, Oregon-based dehydrated produce snacks maker BranchOut Food Inc. is expanding its business with new distribution and a U.S. Army contract to aid in the production of MREs (Meals Ready-to-Eat).
SweetLeaf Launches Two New Natural Sugar Substitute Product Lines: ‘Indulge’ Zero Calorie Sweeteners & 50% Reduced Calorie Sugars
Wisdom Natural Brands, the #1 sugar substitute brand in the natural channel, is expanding its SweetLeaf product line with two zero calorie sweeteners and three 50% reduced calorie sugars that taste, bake, brown and caramelize just like sugar
Notable New Products: Pickle Flavored Cheese Curds and Honey Hibiscus Vinegar
In this week’s roundup of notable new products, Daily Crunch and Beehive look for inspiration from the popular flavor pickle, and Banza launches what the brand says is its most requested pasta shape.