Headlines

Armed with a new investment from Fifth Growth Fund (FGF), social media stars the D’Amelios are hoping that their 200 million TikTok followers follow them into CPG with the launch of Be Happy Snacks this fall.

On this week’s NOSH podcast, the team discuss the recent acquisition of Sovos Brands by Campbells and a discussion with two NOSH Notable “Backers” on the current environment for CPG food investment.

It’s been a two-year wait, but better-for-you baked goods company the Better Bakehouse recently debuted its first brand, Donutful, exclusively at select Wegmans stores. While the concept of creating a cleaned up circular sweet may sound pretty uncomplicated, getting the business off the ground and the donuts on-shelf was not a piece of cake.

Grocery chain consolidation continues: ALDI has announced today it is acquiring Southeastern stores Winn-Dixie and Harveys from Southeastern Grocers (SEG).

Kraft Heinz’s executive suite is set for a changing of the guard in 2024, as the company announced today that Carlos Abrams-Rivera, its EVP and president of the North America Zone, will take over as CEO.

From his role as the previous owner of sales advisory firm and distributor Gourmet Guru, which was sold to UNFI in 2016, to his current position as founder and CEO of investment firm and advisor Next In Natural (NeNa), Jeff Lichtenstein has extensive experience in the natural and specialty retail space.

G Fuel has long focused on selling better-for-you alternatives to mainstream energy drinks through its gamer-centric branding. Now, the company is looking to trade on its authentic reputation in the gaming community by applying that same focus to snacks with its first food product: G Fuel Protein Puffs.

In this week’s notable new products roundup, Siggi’s and KIND get a head start on the fall season with pumpkin-inspired offerings, Rivalz introduces a single-serve format, and Siete debuts a line of salsas.

Laird Superfood reported a net loss of $3.5 million during its second quarter as it continues its long-term turnaround effort, a process CEO Jason Vieth described to investors as “by nature an unsteady progression.”

The NOSH team discusses the recently published NOSH Notables 2023 List and explain the process of developing the list, how it was structured and the often difficult process of assigning certain people to certain categories.