News
Food and beverage industry news.
Momofuku Cooks Up Nearly $30M Investment
Asian pantry staple brand Momofuku Goods has raised just under $30 million in a new investment round after netting over $28 million in 2023.
SPINS Acquires Datasembly to Provide Pricing and Promotional Intelligence
SPINS announced today the acquisition of Datasembly, a retail data platform focused on hyperlocal, real-time pricing and promotion analytics.
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Goodles Goes Microwaveable With Cupped Innovation
Goodles’ new single-serve microwavable cups, fill a gap for the better-for-you brand in convenience-oriented mac and cheese.
Chasing Aimee: BetterBrand Founder Owes Lender $500K, But No One Can Find Her
Where is Aimee Yang? The BetterBrand founder and her company have been sued for a half-million dollars by a company lender, but they haven’t been able to find her.
Dr. Praeger’s ‘Ages Up’ Snack Line with Pizza Stars to Capture Untapped Audience
After working to turn the veggie burger from a niche offering into “something craveable,” Dr. Praeger’s is expanding its presence in the veggie-based frozen snacking space with the introduction of four new offerings aimed at broadening its reach.
Will Once Upon A Farm IPO?
Jennifer Garner and John Foraker’s kids nutrition brand Once Upon A Farm is rumored to be heading toward an initial public offering with a valuation at about $1 billion.
C&S Wholesale Grocers to Buy SpartanNash for $1.77 Billion
C&S Wholesale Grocers announced today it has agreed to purchase food solutions company SpartanNash for a total consideration of $1.77 billion, including debt.
That’s it. Is Giving Out 10M Free Samples. What’s The ROI?
That’s it. has learned sampling is integral for its brand since it was “a bit ahead of its time with simplicity and transparent ingredients.” The brand now sells to over 82,000 retailers and strategic sampling is a core piece of that success.
Stick-ing The Landing: How KRAVE Is Muscling Into Meat Snacks’ Hottest Segment
Sonoma Brands’ KRAVE and Chef’s Cut are harnessing the demand tailwinds of premium meat snacks by leaning into the stick set.
Kroger: Closing 60 Stores Under ‘Core Business Focus’
Amid a gross margin increase, Kroger announced the closing of 60 “underperforming” stores in the next eighteen months as it prioritizes capital allocation.