Headlines
Tia Lupita Acquired By Jumex Distributor Vilore Foods
Mexican food brand Tia Lupita announced this morning it has been acquired by Vilore Foods, the San Antonio, Texas-based distributor and commercial subsidiary of heritage food brands including La Costeña, Jumex and Totis.
Hero Steps Into the Bagel Void – And Enters Pasta Category
The meltdown of beleaguered bagel slinger BetterBrand provided an opportunity for Hero Labs to replace its reduced-carb rival on shelves nationwide at Whole Foods Market this past spring.
New Products: Another Mike’s Hot Honey Collab, Fishwife Flexes Mussels. Plus Catalina Crunch Protein Granola
In this week’s notable new products roundup, Tillamook Country Smoker expands its partnership with Mike’s Hot Honey, Fishwife adds new tinned seafood options, and Catalina Crunch joins the protein craze.
Fila Manila To Scale Online Offerings Via New A.I. Focused Grant
Filipino food brand Fila Manila is working to scale its growing ecommerce business via a slate of A.I. applications across all areas of the business after receiving a $25,000 grant from tech company Lenovo’s Evolve Small program.
Pepsi: Formulation, Infrastructure Changes Afoot After Q2 Volume Drop
Rising sales outside the U.S. helped offset more dips in domestic demand for PepsiCo’s snacks and beverages during Q2, the company reported on Thursday. Organic revenue in the PepsiCo Foods North America (PFNA) division fell 2% in the quarter, with volume sliding 1%; the company’s PepsiCo Beverages North America (PBNA) segment saw organic revenue rise… Read more »
H2Ok Innovations Raises $12.42M To Scale A.I. In CPG Manufacturing
H2Ok Innovations has closed a $12.42 million Series A funding round led by Greycroft with participation from 2048 Ventures and Construct Capital.
CPG Week: David’s Fishy New Innovation. Plus, Is Kraft Heinz Breaking Up?
On the CPG Week podcast, Nosh managing editor Monica Watrous and senior reporter Brad Avery discuss an unusual new product launch and continued consolidation among packaged food conglomerates. Then, Brad provides his top takeaways from the Hemp Beverage Expo.
People Moves: James Ren Joins GoodSAM For Growth
Regenerative food company GoodSAM has brought on James Ren, former head of Food Merchandising at Thrive Market, as VP of revenue and growth.
Elevator Talk: NIKIGO, Zip Frut, TruJoy, Mamame, Jack’s Dad’s Hummus
The latest episode of Elevator Talk features leaders from Joon, Scobucha, Hey!Hunger, Jozo and Fable Fish Co. Watch founders and CEOs introduce their brands and provide a recap of recent news and updates. Our special co-host is Tom Spier, the founder and managing partner of venture capital firm BFG Partners, who shared his thoughts, questions and feedback with the participants.
Caffeine Fix: Awake Chocolate Raises CAD $8M
Awake Chocolate has raised CAD $8 million (approximately $5.84 million USD) in funding, including CAD $5 million from Btomorrow Ventures, the corporate venturing arm of British American Tobacco, and CAD $3 million from BDC Capital. The investment brings the brand’s total funding to CAD $15.5 million since its inception in 2012.