Headlines
SunOpta: Demand For Plant-Based Products Fuels Record Growth In Q2
SunOpta reported one of its strongest quarters in company history, posting a record $145.9 million in revenue on the back of a record 31% growth in plant-based food and beverage.
BevNET San Diego Industry Meetup: Connect With the SoCal Food, Beverage & Beer Communities
The BevNET team is hosting a SoCal food, beverage, and beer industry meetup on Tuesday, September 13th from 4PM to 6PM PT. Join our San Diego team, as well as our CEO John Craven and CMO Mike Schneider, for two hours of networking and product sampling.
Lavva, Plant-Based Yogurt, Sold to Gourmet Guru Founder Lichtenstein
Investment firm and advisor Next In Naturals has acquired the assets of plant-based yogurt brand Lavva.
Hormel Foods Announces Changes to Operating Structure Amid Transition into ‘Global Branded Food Company’
Austin, Minneapolis-based Hormel Foods announced today it will transition to three operating segments – retail, foodservice and international – as it moves further beyond meat products and evolves into a “global branded food company.”
Inflation: Consumers Turn to Bargain Hunting as Grocery Prices Rose Again in July
Despite some relief for consumers in other economic sectors, food and beverage prices continued to increase in July, up 1.2% month-over-month, according to a new inflation report by market research firm IRI. Even as the price of other household necessities like gasoline have begun to fall, grocery prices remain elevated – up 14.4% year-over-year… Read more »
Taste Radio: What Does It Take To Lead A Revolution? If You’re ‘Good,’ A Star And Lots Of Farms.
Heather Terry, the founder and CEO of ambitious platform brand GoodSam Foods and the co-founder of trailblazing chocolate company NibMor, spoke about why acknowledging a lack of business acumen is important for early-stage founders, why adhering to brand mission is paramount to an operational strategy and how GoodSam aligns with consumers and retailers that embrace its vision.
Mackey Recruits WFM Execs To Form Wellness Hospitality Company
Alongside several former Whole Foods executives, including his former co-CEO Walter Robb, John Mackey will open a chain of wellness centers and restaurants next year. Under Mackey’s leadership, Whole Foods has launched various travel and wellness offerings.
As Nespresso Joins, B Corp Faces Questions About “Integrity and Relevance”
In April, Nespresso announced it was now a B Corp certified company creating a backlash among other B Corps who say the B Lab’s assessment process is “in serious need of repair” and the seal is being used to “greenwash” some companies.
Distribution: Laoban Dumplings Adds 250 Doors Nationwide; Mylk Labs Lands in Select Whole Foods Market and Target Stores
All four flavors from the Laoban’s core set of dumplings have entered a variety of stores in the past few months, including: King’s & Balducci’s, Earthfare, Tony’s/Woodman’s/Sendik’s, Plum Market, Central Market, Met Market, New Seasons and Bristol Farms/Mother’s Market.
Beyond Meat Looks To Cut Costs While Sales Keep Sliding
Plant-based meat sales continue to trend downward for Beyond Meat during the second quarter, with revenue declining 1.6%. As a result , the company has cut back manufacturing costs and laid off approximately 4% of its workforce.