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Food and beverage industry news.
Fancy Foods: Alt-Sushi, Calamari Debuts; Snacks Look To Sourcing And Sweets Shrink Size
The Specialty Food Association’s Winter Fancy Food Show returned to the Las Vegas Convention Center with a wave of new product innovations, novel formats in the plant-based alternatives space and growing prominence for outer space aesthetics.
Albertsons: WA Supreme Court Clears Way For $4B Dividend
The Washington State Supreme Court has cleared the way for Albertsons to pay out a $4 billion shareholder dividend after it sided with a lower court trial judge in declining the state attorney general’s request to appeal an injunction on Tuesday.
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Taste Radio: How ‘Patient Urgency’ Helped SmartSweets Land A $360 Million Deal
Tara Bosch, the founder of better-for-you candy brand SmartSweets, explained how prioritizing a lean business model in its early development enabled the company to be nimble and outpace its competitors, why its growth strategy is built around “patient urgency” and how the brand’s highly effective social media strategy drives consumers to its retailers.
Deloitte: Profitable Growth Will Drive 2023 CPG Industry
Global accounting firm Deloitte’s recent 2023 CPG industry outlook reported that profitable growth is the top priority food and beverage brands as they continue to navigate supply chain disruptions and economic uncertainty.
Kerry Sells Sweet Ingredients, Focused On Nutrition Wellness
Kerry Group announced last week its intention to sell its sweet ingredients portfolio in order to further focus on functional ingredients and innovation in biotechnology for food.
Gluten-Free Frozen Empanada Brand COCINA 54 Acquired by Pensieve Foods
Gluten-free frozen empanada maker COCINA 54 has been acquired by Los Angeles-based food manufacturer Pensieve Foods, founder and CEO Cecilia Panichelli announced in a LinkedIn post on Wednesday. Terms of the deal were not disclosed.
FrieslandCampina to Showcase International Tour of World Cheeses at Winter Fancy Food Show
This January 15th – 17th at the Las Vegas Convention Center, South Hall, join FrieslandCampina at The Winter Fancy Food Show Booth #2017 for an international tour of world cheeses, highlighting the expanded product range under their diverse and internationally acclaimed cheese brands and partner brands from the Netherlands, UK, Denmark, Australia, Ireland, and other countries.
Digital Advertising Has A Hemp Policy Problem
Digital advertising has become a nightmare for hemp food and beverage brands, regardless of whether or not their products contain CBD.
Cerebelly Receives First Brain-Health Patent For Baby Food
Baby food maker Cerebelly received the first U.S. patent for food composition that benefits optimal infant neurodevelopment. The recipe includes 16 key nutrients supporting brain health and is in all the brand’s squeezable pouches.
News Roundup: Walmart Taps Salesforce, New Age Eats Sells Pilot Facility
Walmart announced a partnership with Salesforce to help the retailer drive profitability in its delivery and curbside pickup apps. New Age Eats puts pilot production facility up for sale and Beyond Meat sheds another executive.