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Food and beverage industry news.
Seeking to ‘Move On,’ Schinner and Miyoko’s Settle
After a tumultuous spring that saw the acrimonious breakup of vegan cheesemaker Miyoko’s Creamery and its jilted founder Miyoko Schinner unfold in an ugly public dispute, the two have settled their respective lawsuits.
Not So Stranger Things: Millie Bobby Brown Launches Coffee Line
Moving from cosmetics and pet care to coffee may seem like a stranger thing to do, but Millie Bobby Brown is making the jump. The actress and model’s new Florence by Mills coffee line stretches across 11 SKU including beans, concentrates and syrups.
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Can Gold Medal Ventures Find General Mills’ Next Generation of Winning Brands?
General Mills’ success may have been built through stalwart brands like Yoplait, Annie’s and Cheerios, but its next phase of growth is going to rely heavily on its Gold Medal Ventures division.
From Tour Guide To CEO, Ben & Jerry’s Names A New Leader
Ben & Jerry’s has named its longtime CMO as the new top executive, signaling that the company will continue highlighting its role as an outspoken voice for social activism.
FaZe Clan Co-Owner’s 1UP Candy Dares Consumers with ‘Sour Gummy Challenge’
Launching online today, 1UP Candy is a startup co-founded by Awadis, co-owner of esports organization FaZe Clan and a YouTuber with over 23.2 million subscribers. The company, which intends to focus on non-chocolate candies, is debuting with a single product: the Sour Gummy Challenge.
Purely Elizabeth Goes Mad For Regen Ag, Launches Impact Program
Purely Elizabeth is ratcheting up its sustainability commitments with the launch of the first Regenerative Impact Program, created in partnership with farmer-focused nonprofit Mad Agriculture. The program was created via a three-year pilot partnership agreement between the two companies.
Stryve Completes Portfolio Cuts, Shifts Focus to Distribution Growth
Stryve Foods announced a 37% drop in net sales year-over-year to $4.6 million during a Q1 earnings call yesterday, which executives at the air-dried meat snack maker attributed primarily to the company’s portfolio rationalization efforts.
IHOP, Kraft Heinz Team Up To Release Syrup-Flavored Coffee
If you’ve been craving the taste of buttery syrup in your morning coffee, wait no longer: IHOP continues to leverage its licensing arm, this time partnering with The Kraft Heinz Company to introduce a pancake-inspired line of packaged coffee hitting stores today.
Beyond Meat: Shareholder Lawsuit Alleges Leadership Overstated Success of QSR Partnerships
Beyond Meat was issued a class action lawsuit by institutional shareholders alleging that the plant-based meat company’s executives knowingly misled its investors about the strength of the company’s manufacturing and foodservice partnerships while, in the process, profiting on the inflated share price.
Prime Roots Raises $30M To Put Koji Meat In The Deli Case
Prime Roots is one step closer to bringing its sliced-to-order koji-based meats to deli cases and restaurants across the country with today’s announcement of a $30 million in new funding to scale the business for national distribution.