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Food and beverage industry news.
Le Sauce & Co. Launches and Expands to Target
Le Sauce & Co., a fast growing premium food brand with a line of gourmet finishing sauces is expanding this month. Le Sauce can now be found down the condiments aisle of Target. Making family dinner time delicious and an elevated meal experience is the mission of this women and family-owned brand.
Laird Reports Q1 Net Loss of $4.1M, Continues Turnaround Efforts
Laird Superfood announced a net loss of $4.1 million in Q1 2023 as the plant-based food company continues its turnaround efforts.
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NOSH Podcast: Being Hardheaded Has Its Benefits, Particularly During A Reboot
On the NOSH Podcast, the team discusses the strategies brands use to boost perception of their sales strength, the Chicago Venture Summit, the impact of SPACs in CPG and an interview with FitJoy president Norman Taliaferro.
Factory, LLC Opens Up Manufacturing Arm
Factory, LLC’s name got a little more literal as the food and beverage investor and brand incubator opened up a 75,000 square foot co-manufacturing facility this year.
Beyond Meat: “Tangible Progress” To Cash Flow Positive Future Despite Q1 Losses
Beyond Meat showed “solid progression” in its goal to become cash flow positive despite a net loss for Q1 2023 while also announcing a $200 million “at the market” new stock offering to help bolster its cash reserves.
Erewhon Nixes NYC Popup Plans
Despite previous indications on social media by an Erewhon executive, a spokesperson for the natural products retailer said it will not, in fact, be opening a previously teased New York City popup.
Nutrition Brand Aila Acquired by Ex-Olympian Entrepreneur Team
Aila, a maker of pre-workout wellness powders, has been acquired by retired Olympic athletes Andrew Steele and Greg Rutherford for an undisclosed fee.
Erewhon To Take a Bite Out of the Big Apple?
Get ready for a sea moss and adaptogen-enhanced summer, East Coasters: natural foods retailer Erewhon looks set to debut in New York City this June with a smoothie bar popup.
Happy Egg and TikTok Sensation Peters Pasta Kick Off Partnership with 4,096-Yolk Pasta, Giveaway for a Year of Eggs
Happy Egg and viral TikTok pasta chef, Ryan Peters of Peters Pasta, have officially teamed up for a long-term partnership, kicking off the fun with a pasta made of 4,096 egg yolks and a giveaway for a year’s supply of Happy Eggs.
Cholula Launches Salsas & Seasonings In Bid to Breakout From Hot Sauce
Cholula is aiming to leverage its best-selling hot sauce to extend the brand into a variety of Mexican food products, starting with salsas and seasonings.