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Food and beverage industry news.
UNFI’s New Program Aims to Improve QR Codes, Boost On-Shelf Transparency
United Natural Foods Inc (UNFI) has teamed up with software provider Cornerstone for Natural to introduce Smart Shelf Tags built with its proprietary ELi technology, which purportedly offer a more secure and enhanced version of a QR Code.
Kroger/Albertsons: Albertsons Responds to Request to Delay Dividend
Albertsons has rejected a request by several state attorneys general (AG) to hold off on a special dividend payment totaling nearly $4 billion to stakeholders, stating the dividend plans were developed prior to potential merger discussions with Kroger and payment cancellations could lead to financial and legal liabilities, as reported in Bloomberg.
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Taste Radio: The Most ‘Outstanding’ Advantage A Brand Can Have Is One That Many Overlook
Outstanding Foods co-founder and CEO Bill Glaser spoke about how he has applied lessons from prior entrepreneurial ventures to the company’s business strategy, how the brand has attracted celebrity investors and involved them in marketing and promotion efforts, and the evolution of Outstanding Foods’ package design and its alignment with the company’s innovation and retail strategies.
Lipari Foods Acquired
Michigan-based distributor Lipari Foods announced today it has been acquired by Greenwich, Connecticut investment firm, Littlejohn & Co.
McCain Foods Looks to Web3 to Promote Regenerative Efforts
McCain Foods is boosting visibility of its sustainability goals through the launch of regenerative agriculture-grown Regen Fries in partnership with web3 platform Roblox and NFT-themed Los Angeles burger restaurant Bored & Hungry.
Notable New Products: Matcha Nut Butter & Salmon Bacon
This week’s roundup of new products saw brands creating better-for-you iterations of classic candies, celebrating breakfast with donut kits and pancake mixes and getting ready for the holiday season with limited-edition packaging and advent calendars.
TIG Brands Uses Rolling Fund To Bridge Gap For Emerging Brands
The venture capital “Valley of Death” regularly kills off great-but-underfunded natural food and beverage brands trapped in its cycle, so TIG extended its platform to build a financial bridge.
The Checkout: Banza Commits To Regenerative Chickpeas; SFA Predicts Upcoming Trends
In this week’s roundup: Banza commits to transition chickpea acres to regenerative; SFA predicts upcoming 2023 trends; 12 Tides wants to give consumer kelp tattoos and Lotus Foods founders release a cookbook.
NOSH Best Of 2022 Awards: Deadline Extended to November 4
If you haven’t had a chance to submit your nominations for NOSH’s Best Of 2022 Awards, you’re in luck. We’ve extended the deadline to Friday, November 4.
NOSH Podcast: Raising Funds And Pursuing Profitability Despite The Downturn
On this week’s show, The NOSH team discuss the latest news surrounding the Kroger/Albertsons merger, takes a dive deep into some sea-faring food trends and examines the current fundraising climate with Food and Beverage Investor Database (FABID) founder Ryan Williams.