News
Food and beverage industry news.
After Disappointing Quarter, Beyond Meat Acknowledges Consumer Divide
Beyond Meat reported a 30% drop in net revenue in its ‘disappointing’ second quarter, citing a decline in U.S. consumer demand for plant-based meat products.
Cerebelly Announces New Leadership
Former Whole Foods Market and Target executive Don Clark has been appointed CEO of baby food brand Cerebelly. replacing Greg Shearson who will remain on the board of directors.
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Deal Dive: Why Campbell’s Spent $2.7 Billion to Buy Rao’s Maker
The Campbell Soup Company has picked up publicly traded Sovos Brands, makers of the Raos’ Michael Angelo’s and Noosa lines of products, in order to expand into the ultra premium sauce set and further strengthen its efforts outside of soup and snacks.
C&S Wholesale Grocers Names Eric Winn As Chief Executive Officer
C&S Wholesale Grocers, LLC, (C&S) a leader in supply chain solutions and wholesale grocery supply in the United States is announcing the retirement of industry veteran, Bob Palmer as Chief ExecutiveOfficer (CEO), at the end of the year.
Campbell’s to Buy Sovos Brands
The Campbell Soup company announced this morning its intention to purchase Sovos Brands, the owner of Rao’s, Michael Angelo’s and Noosa Yogurt.
Notable New Products: Avocado Toast Chocolate Bars & Organic Protein Oats
In this week’s notable new products gallery, Veggies Made Great expands its frozen snack collection with the addition of Blondie Bites, Fishwife launches two new sardine flavors that have been two years in the making and Compartes brings back a unique twist on one of the trendiest foods in America.
Nona Lim Acquired By Hong Kong-based Food Content Platform
Nona Lim has been acquired by DDC Enterprise Limited, the parent company of Hong Kong food content consumer brand, DayDayCook (DDC). But San Francisco-based Nona Lim won’t be making too many drastic moves following the deal.
The NOSH Podcast: Why Tony’s Chocolonely Married Its Mission To Commercial Success
On this week’s show, the team drums up some girl dinner alternatives and run down recent news from the plant-based sector. Later, Tony’s Chocolonely Mission Guardian Anne-Wil Dijkstra shares insight on the company’s Mission Lock and how emerging brands can take steps to secure their lasting impact.
Sprouts: Product Differentiation, Omnichannel Presence Drive Q2 Growth
Sprouts Farmers Market credited its differentiated dairy, proteins, and bakery offerings for growing sales in its Q2 earnings report.
Icon Foods Welcomes Rick Hanson as Director of Operations
Icon Foods, a leading ingredient supplier with more than two decades of successfully supporting the worldwide growth of clean label food and beverage production, is proud to announce the hiring of Rick Hanson as director of operations.