News
Food and beverage industry news.
Albertsons Dividend Payment Restrained Amid State AGs Litigation
Albertsons is working to overturn a temporary restraining order (TRO) “as quickly as possible,” in order to unshackle its ability to divvy up $4 million in special cash dividend payments to shareholders, previously set to be paid on Monday, November 7.
NOSH Podcast: Community-Supported Banking For A Better Food System
On this week’s show, the NOSH team discuss creators embracing the CPG industry and Charley Cummings, founder and CEO of Walden Mutual talks about the company’s plans for creating a digital bank that can be “means to an end” for a more sustainable, locally-focused food system.
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Stryve Founder Departs Meat Snack Company as It Considers Move Into Pets
Joe Oblas, has departed Stryve Foods, the meat snacks company he co-founded in 2017. According to Oblas and trademark filings, the company will be adding new products in the pet food category.
Kellogg’s: Guidance Raised, Snack Sales Flourish
The Kellogg Company reported Thursday morning $4.1 billion in organic net sales and raised its full-year 2022 guidance on the back of its strong snack category growth during its third quarter earnings report.
Cargill Research Highlights Mainstream Appeal of Plant-Based Dairy
Consumers continue to have a healthy appetite for plant-based dairy alternatives, with a majority of Americans reporting an uptick in consumption over the last 18 months, according to new research fielded by Cargill.
Cascadia Managing Brands Adds Social Media Creation and Management Service
Cascadia Managing Brands, a leading food and beverage Brand Management and Consultancy firm, is once again adding food items to its repertoire and adding Social Media Creation and Management to its growing menu of services.
Mondelez: Demand For Snacks, Sweets Drive Revenue Growth
Global snack giant Mondelēz International reported an 8.1% increase in net revenues during Q3, largely driven by organic revenue growth and the impact of recent acquisitions including Clif Bar and Greek snack brand portfolio Chipita.
District of Columbia, Washington AGs Sue to Stop Albertsons Payout
Attorneys general from Washington state and the District of Columbia are seeking to temporarily block a $4 billion payout to Albertsons’ shareholders on November 7, filing lawsuits this week to put a hold on the cash dividend at least until the grocery giant’s proposed merger with Kroger can be reviewed by federal regulators. Albertsons’ shareholder… Read more »
Ampla Technologies Acquires Upside Financing; Opens Up B2B Buy Now, Pay Later Market
Tech-enabled finance platform Ampla Technologies announced this week it has acquired Upside Financing, a move it says will help the company open up a B2B buy-now, pay-later market. Financial details of the acquisition were not disclosed.
Meet 1:1 With Industry Experts at Our Next Virtual Networking Event on November 9
Our next virtual networking event is on Wednesday, November 9th from 3:00 – 4:00 PM ET. Virtual networking is a series that connects food and beverage brands with industry experts. Growing brands will have the opportunity to meet 1:1 with leaders from Whipstitch Capital, Piper Sandler, FDM Sales Management, Chase Ink. Public Relations, MomentumCPG, and Arena Partners.