Headlines

Albertsons moves Plated to private label, Honest Tea co-founder to focus on Beyond Meat, Mondelez studies snacking and more in this week’s Checkout.

Faced with an ever-increasing selection of products on the shelves, more consumers are turning to private label brands for price-conscious options that don’t compromise on value, according to a new report by market research firm IRI. The Consumer Connect report, “Beyond Price, Consumers Find Value in Private Brands” examined the growing influence of private label brands and consumers’ shifting attitudes toward them.

IQ Bar is allocating some of its brainpower to the retail shelf. Though the Boston-based brand has so far garnered half its business from e-commerce, it recently entered 1,000 Kroger stores, increasing its retail footprint to about 6,000 doors.

Texas-based Dean Foods, the largest milk processor in the U.S., has filed for Chapter 11 bankruptcy protection. The dairy producer announced yesterday it will use the process to “protect and support” ongoing business operations and address debt and pension obligations.

T.K. Pillan, the co-founder of vegan restaurant chain Veggie Grill, discussed his transition from tech to food and the “light bulbs” that led to the creation of the company. He also discussed why it’s critical for co-founders to be aligned on vision and values, what it means to be “a good investor” and the evolution of plant-based food brands.

Pasta brand Banza announced today the close of a $20 million round of funding co-led by Enlightened Hospitality Investments (the growth equity fund associated with restaurateur Danny Meyer’s Union Square Hospitality Group) and fund Prelude Growth Partners. When Banza launched in 2014, the concept of bean-based pasta alternatives was new and fairly untapped. Now, with plenty of companies also selling these offerings, Banza feels its time to focus on their brand and enter new channels.

Pickle producers want people to peek past picnics, parties and paper plates. To freshen up the pickle set and appeal to busy consumers, companies are creating snack-size pickles in convenient packs, expanding usage occasions for the savory, low-calorie snack.

Los Angeles-based private equity firm Butterfly today announced its acquisition of a majority stake in “clean” protein brand Orgain. The deal is Butterfly’s fifth investment and second in beverage, following the purchase of fresh juice focused Bolthouse Farms earlier this year.

Plant-based labeling lawsuit dropped, Kroger rebrands, Tofurky Christmas sweaters and more in this week’s Checkout.

In outlining plans to build around better-for-you and plant-based products during recent quarterly earnings calls, several prominent CPG brands signaled they expect both trends to continue gaining steam.