News
Food and beverage industry news.
Kroger/Albertsons: 166 Stores and Support Assets Added To Updated Divestiture Plan With C&S
Two months after the Federal Trade Commission (FTC) completed a review of Kroger and Albertsons’ proposed supermarket mega-merger and filed a lawsuit to block the deal, the grocery chains have added more store locations and assets to an updated version of their definitive divestiture agreement with C&S Wholesalers.
New Products: Chili Crisp-flavored Popcorn & Electrolyte-packed Fruit Pouches
In this week’s notable new products roundup, Lindt introduces a non-dairy version of its classic chocolate truffles, GoGo Squeez targets an older crowd with electrolyte-infused fruit pouches, and Tochi heats up its line of Asian-inspired popcorn flavors.
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CPG Week: Water That’s Not Beer And PE Firm Buys Cracker Company
On this episode of CPG Week, the team discuss developments in a spicy trademark dispute, water thats Not Beer and the first acquisition for a new PE firm.
Behind The CPG Slowdown: Price Hikes, Discretionary Spending and Private Label’s Newfound Popularity
Purchasing habits, higher grocery prices and an ever-changing physical and digital retail landscape have had a significant and lasting impact on both CPG companies’ profits and the margins of grocery stores since the start of the pandemic.
Voyage Foods Prioritizes Ingredient Supplier Role With Cargill Partnership
Voyage Foods has signed on as an exclusive B2B partner for Cargill with its nut-free spreads and cocoa-free chocolate, staking out a future for the food technology startup as an ingredient supplier.
Behind Big Picture Foods’ Big Move Across Aisles
Big Picture Foods has always had a vision that goes beyond its flagship line of fermented, organic and regeneratively-grown olives, peppers and capers. Now, three years after the company’s launch, that picture is starting to come into view.
Cracker Maker Firehook Bakery Bought By PE Fund Forward Consumer Partners
Newly launched CPG Private Equity firm Forward Consumer Partners has made its first acquisition, taking a majority stake in Virginia based artisanal cracker maker and baking company Firehook Bakery.
AWAKE Secures CAD $5M Investment and Ramps Up Distribution, Seeking to ‘Lead the Evolution of Chocolate 3.0’
On the heels of significant distribution gains in both the U.S. and Canada, caffeinated chocolate brand AWAKE has closed a CAD$5 million (approximately $3.6 million USD) follow-on funding round from Btomorrow Ventures.
New Products: Reformulated Stuffed Puffs & Gochujang Kettle Chips
In this week’s notable new products roundup, Stuffed Puffs reinvents its flagship milk chocolate-stuffed marshmallows, Whisps launches its “cheesiest cheese snack yet,” and Kettle Brand capitalizes on the rising popularity of Korean cuisine in the U.S with a limited-edition Gochujang flavor.
From Bees To A Business Model: Inside Mellody’s Plan To Build A Plant-Based Honey Market
Mellody is readying to substantially scale up its plant-based honey business through a new retail distribution partnership with KeHE, starting with Town & Country Markets in the Pacific Northwest region.