News
Food and beverage industry news.
NOSH Podcast: What Will It Take To Raise The Stakes For National Distribution?
On this week’s show the team discusses mayo preferences in dating, an olive oil brand controversy and Whole Foods’ new regional map. Then, Ithaca Hummus chats about how they strategized growing from regional to national distribution.
Blue Apron ‘Actively Pursuing All Options’ for Financing Following $17M Net Loss in Q1
On an earnings call today, Blue Apron executives said the company is “actively pursuing all options” to bring in much-needed capital as it continues to suffer significant quarterly losses.
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Distribution Roundup: Meati Makes Midwest Move with Meijer; Bachan’s, Harvest Snaps Expand With Walmart
Meati grows its retail footprint by entering 260 Meijer stores in Michigan, Ohio, Indiana, Illinois, Kentucky and Wisconsin, while Walmart secures shelf-space for Bachan’s, Harvest Snaps and Eva’s Helado Artesanal.
‘We Need The Hype Machine’: Low-FODMAP Foods Go Broad In Search of Consumers
The low-FODMAP food category is still fairly niche, but the diet could propel businesses in the space to the forefront of the next popular diet trend. However, in the space brands aren’t planning to be just a part of another fad.
Sprouts: Q1 Growth Is ‘Direct Result’ of Consumer Engagement, Product Differentiation
On its earnings call this week, Sprouts Farmers Market credited its Q1 sales growth as a “direct result” of its customer engagement efforts, which have helped grow both basket size and as well as increase trip count among its loyal shoppers.
Blue Bottle, The Weeknd Spotlight Ethiopian Coffee Culture With New Collab
Nestle-owned Blue Bottle Coffee is partnering with multi-Grammy award winner The Weeknd (born Abel Tesfaye) and his record label, XO, to create a new line of premium Ethiopian coffees that honor the “Starboy” singer’s family roots.
Full Harvest Reduces Food Waste Faster by Expanding Supply Chain Digitization to All Produce Grades
Full Harvest, a proven leader in the battle against food waste, announced its expansion beyond surplus to all USDA Grade 1 produce on its online marketplace for commercial buyers and sellers.
Target Takes Ten Brands for Accelerator Cohort
Target announced its Takeoff Food and Beverage Accelerator program class of 2023. The mentorship program will help 10 emerging food and beverage brands successfully improve branding and marketing strategies.
On the Rise: Hero Bread Closes $15M to Grow National Distribution
Bakery brand Hero Bread announced today it has closed $15 million in funding to help the brand meet consumer demand and fuel future product innovation. The capital raise comes as the San Francisco-based brand shifts its focus to physical retail.
Are SPACs Back? Above Foods To Go Public
Vertically-integrated ingredient supplier, agriculture company and CPG producer Above Foods will go public via a reverse merger with blank check company Bite Acquisition Corp. The deal values Above at roughly $319 million