Headlines
Rainforest Expands to New England With Mass. Warehouse
Rainforest Distribution has opened a warehouse in South Easton, Massachusetts, expanding its services beyond its home base of New York into New England, according to information posted online.
Could Daily Harvest Be Coming to Your Local Grocery?
Several job postings indicate that direct-to-consumer frozen meal company Daily Harvest will enter brick-and-mortar retail.
General Mills: Q2 Sales +4%, FY 2023 Guidance Raised Despite ‘Volatile’ Environment
General Mills posted strong top line and bottom line numbers in its Q2 FY2023 earnings report, despite “ongoing volatility” in the operating environment.
Good Karma Names Mike Murray as CEO, Funding Round to Close in ‘Near Future’
Good Karma Foods has named Mike Murray as its new CEO as the plant-based dairy alternative producer prepares to close a new financing round led by Valor Siren Ventures (VSV) and Loft Growth Partners. Murray arrives at the Boulder, Colorado-based brand from protein solutions company Teton Waters Ranch where he had served as CEO since… Read more »
Taste Radio: Category Leader. Highest Price On Shelf? Yep. How Serenity Kids Changed The Game.
Their flagship products have a suggested retail price that is nearly double those of legacy and competing brands. And, yet, Serenity Kids is outpacing them all. In this episode, founders Serenity and Joe Carr spoke about why maintaining a premium price point is key to the brand’s value proposition, their thoughtful sourcing and operations strategies, how they developed a sophisticated understanding of the packaged food industry and their rigorous hiring process.
Cometeer: Layoffs Hits Across Departments at Flash-Frozen Coffee Brand
Cometeer, the Massachusetts-based maker of flash-frozen coffee pods, laid off a number of employees across departments last week in a move sources described as an attempt to cut costs. The innovation-focused startup, founded in 2015 by CEO Matt Roberts and CTO Douglas Hoon, had grown to over 100 employees this year, following a $35 million… Read more »
Mars Agrees To Buy Snack Brand Trü Frü
Mars has purchased whole-fruit snack maker Trü Frü in a deal aimed at helping the strategic continue to build out its presence in the snacking aisle.
Court Blocks Albertsons’ $4B Special Dividend Payment To Shareholders
Washington State’s Supreme Court extended the block on Albertsons’ $4 billion special dividend payment to shareholders late last week by granting the state attorney general’s (AG)’s request for emergency injunctive relief.
News Roundup: Ynsect Expands U.S. Capabilities; Blue Apron Provides Funding Update
In this week’s roundup: Ynsect explores synergies with flour ingredient processor Ardent Mills; Blue Apron provides update on funding issues, Mad Capital raises $4M for regenerative ag fund and FDA amends yogurt standard of identity.
Notable New Products: Glass Onion Ice Cream & TiNDLE Tenders
In this week’s roundup of new products, Van Leeuwen pays homage to Netflix’s newly released movie Glass Onion and TiNDLE brings plant-based chicken tenders to foodservice.