News
Food and beverage industry news.
Vital Farms Hires Thilo Wrede As CFO
Egg & dairy company Vital Farms today announced the hiring of Thilo Wrede as CFO. Wrede will succeed the company’s current CFO, Bo Meissener, in March who has held the position since December 2020.
People Moves: Awakened Foods CEO Dustin Finkel Steps Down; Organic Valley Hires New CEO
In this People Moves: Awakened Foods CEO steps down, Organic Valley names new CEO, Jenny Craig gets a new Executive Chef, Country Archer fills VP of marketing role, and more.
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Hain Celestial: Q2 Earnings Surpass Expectations as Company Reaffirms Guidance
The Hain Celestial Group bested analysts’ expectations in its Q2 earnings report today, as the company saw net sales decline just -4.8% while growing its snack business and expanding distribution.
Kerry Agrees to Pay $19.2M for Unsanitary Plant Conditions Linked to 2018 Salmonella Outbreak
Global food and ingredient manufacturer Kerry Inc. has agreed to pay a $19.2 million fine after pleading guilty to a charge of manufacturing breakfast cereal under unsanitary conditions at an Illinois facility linked to a 2018 salmonella outbreak, the U.S. Department of Justice announced Friday.
News Roundup: Anne Hathaway Invests in The EVERY Co.; La Porteña Wins Latino Entrepreneur Accelerator Program
In this week’s news roundup, actress Anne Hathaway has invested in food tech company The EVERY Co., Brazilian frozen foods brand Brazi Bites has named La Porteña Foods as the winner of its first Latino Entrepreneur Accelerator Program, and The Hershey Company reports Q4 and FY 2022 earnings.
Hungry for Growth, good2grow Expands into Food Category with Snackers
Hungry for growth, kids beverage maker good2grow has announced its expansion into food with the launch of Snackers baked oat and wheat crackers.
LesserEvil Launches Two Out-Of-This-World Innovations: Space Balls and Cosmic Rings
LesserEvil, the better-for-you snack brand on a mission to make healthy, organic, less-processed, and sustainable snacks more accessible, has unveiled two new family-friendly product innovations: Space Balls, available in Interstellar Cheddar and Cinnamon Sugar Stardust, and Cosmic Rings, available in Cosmic Cheddar and Berry Blast.
Notable New Products: Red Velvet Protein Balls & Magic Monster Super Crunch Mix
In this week’s new products roundup, Biena expands its snack lineup, Scott’s Protein Balls celebrates American Heart Month and Haagen Dazs unveils an innovation in the novelty set.
Six Questions With Formaggio Kitchen’s Julia Hallman
Cambridge, Mass-based Formaggio Kitchen has been providing specialty and imported goods to the Boston area since 1978. As the store expanded beyond its flagship location it has also brought a range of new products and categories into its mix. When the original owners retired last year, they sold the business to long-time employee and general manager, Julia Hallman.
XCJ Adds $21M in Funding, Readies for Rebrand
Frozen Chinese food maker Xiao Chi Jie received a capital infusion of $21 million just over three months after the company had announced a previous raise of $10 million.