News
Food and beverage industry news.
New Products: Progresso Tackles Grilling Season, Juicy Marbles Does Plant-based Salmon
From plant-based fish to dessert-flavored sunflower seeds, this week’s new product innovations span all sides of the industry. Check out the gallery below for the latest launches from Juicy Marbles, Smackin’, Banza, Mike’s Mighty Good and more.
SunOpta: Volume Gains Drive ‘Outstanding’ Q2 Results
Broad-based volume gains helped beverage and fruit snacks producer SunOpta deliver “outstanding” second quarter results, according to CEO Brian Kocher.
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Daring Foods Acquired by v2food With Ajinomoto Investment
Plant-based poultry producer Daring Foods has been acquired by Australian alt-protein company v2food, with backing by Ajinomoto Co, Inc. Financial terms of the transaction were not disclosed. Jeff Gendelman, CEO of Daring Foods, told Nosh the partnership will leverage the scale and frozen food expertise of Ajinomoto and the proprietary protein technology of v2food, bringing the brand into new protein formats and meal occasions across retail and foodservice channels.
Jesse & Ben’s Secures Funding, Expands Retail Footprint
Frozen food brand Jesse & Ben’s House Cut has secured a “seven-figure” seed round investment to support its expanded retail footprint in the natural channel.
With Momentum Building, Is Bachan’s Headed for a Sale?
Japanese barbecue sauce slinger Bachan’s may be the latest condiment brand to explore an exit, according to Axios Pro.
Elevator Talk: Sohha Savory, Coro Foods, La Pêche, SaladSprinkles, Cedar F&B
The latest episode of Elevator Talk features leaders from Sohha Savory, Coro Foods, La Pêche, SaladSprinkles, and Cedar F&B. Watch founders and CEOs introduce their brands and provide a recap of recent news and updates. Our special co-host is Beth Brown, founder and principal advisor at growth-stage consultancy S3 Connect, who shared her thoughts, questions and feedback with the participants.
CPG Week: Why Danone Is Suing Chobani Again. Plus, Beyond Drops The ‘Meat’
The CPG Week podcast covers lawsuits against Chobani and Uncle Nearest Whiskey as well as Beyond’s name-change.
Amylu Foods Cooks Up Growth With New Investment
Amylu Foods has secured an investment from TowerBrook Capital Partners and Prelude Growth Partners that will support continued retail expansion.
Beyond Meat Trims Workforce, Names Transformation Chief as Losses Mount
While reporting a bleak second quarter on Wednesday, Beyond Meat announced plans to shrink its North America workforce by 6%.
Laird: Growth Trajectory Continues, Wholesale Biz Expands
Laird Superfood has made progress toward its goal of achieving “sustainable profitability,” continuing a growth trend in its Q2 earnings as it prioritizes its wholesale segment.