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Food and beverage industry news.
Elevator Talk: Inspired Indian Cooking, Zwïta, Capitana by Lorenza, Joydays, Chiwis
In the latest episode of Elevator Talk, we feature leaders from Inspired Indian Cooking, Zwïta, Capitana by Lorenza, Joydays and Chiwis. Watch founders and CEOs introduce their brands and provide a recap of recent news and updates. This week’s special co-host is Mia Medina, the founder of Gather Brands, who shared her thoughts, questions and feedback with the participants.
Get that Cheddar: Goodles Raises $13M to ‘Out Weird’ the Competition
Mac and Cheese and pasta brand Goodles announced yesterday a $13 million in new capital as it looks to take on its blue box and bunny competitors.
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BAKKAVOR USA Names Leif Hickman as Senior Vice President of Commercial
Bakkavor USA has named Leif Hickman as their Senior Vice President of Commercial. Leif will be responsible for all Bakkavor USA Commercial needs primarily focused on cultivating customer partnerships, ensuring a strong and consistent supply chain, and overseeing customer service.
Hostess Sells To J.M. Smucker For $5.6B
J.M. Smucker will buy longtime Twinkie, Ho-Ho, Voortman Cookie and Ding-Dong maker Hostess for $5.6 billion, according to an announcement today.
NOSH Podcast: Can Natural Foods Compete In Conventional Cold Cases?
This week Red’s Natural Foods CEO and founder Michael Adair shares the lessons he has gathered while operating a clean label frozen brand for 14 years. Also, the team talks club store purchases before discussing how conventional channels are becoming more popular with natural food brands.
Notable New Products: Sloppy Joseph Sauce & White Truffle Potato Chips
In this week’s notable new products roundup, Amy’s Kitchen unveils a new multipack frozen burrito format, Wonderful Pistachios makes its first flavor addition in nearly a decade and Noble Made releases a new Whole Foods-exclusive sauce.
Meati Raises $50M “Economic Cushion” For Growth Trajectory
Mycelium-based food startup Meati is rumored to have raised a $50 million Series C extension round. Investors include Bond, Congruent Ventures and Revolution Growth, among others.
To Move Merger Forward, Kroger, Albertsons Unveil $1.9B Divestiture Plan
Kroger and Albertsons today announced they have entered into a $1.9 billion divestiture agreement with C&S Wholesale Grocers intended to appease antitrust regulators reviewing the companies’ proposed $24.6 million merger.
Following Teen’s Death, Paqui Pulls “One Chip Challenge” From Shelves
Following the death of a Massachusetts teen who took the Paqui “One Chip Challenge,” Amplify Brands, a subsidiary of parent company Hershey’s, said it will pull the product from stores.
From Liquid Death to Sour Stamina: Science Inc. Launches Final Boss Sour
CPG investment and brand development firm Science Inc. – the initial investor behind runaway beverage hit Liquid Death – is asking consumers to pucker up for its latest in-house product: a new brand of gaming-themed snacks called Final Boss Sour.