News
Food and beverage industry news.
IRI Says Variety and Impulse Are Driving Growth While U.S. Snacking Swings In A ‘Seesaw State’
Market research firm IRI hosted a webinar yesterday, titled “Solving the Seesaw State of U.S. Snacking,” that broke down how inflation, consumer interests, supply chain disruptions, channel opportunities and innovation continue to bring new obstacles and opportunities into the segment.
Web3 Roundup: gmgn Announces Cereal Brand; Taika’s Mateverse Goes to Mint
gmgn supply co. Launches with Crypto-Inspired Cereal As major CPG conglomerates dip their toes into the web3 sector through NFT drops and other crypto-inspired marketing campaigns, a new DAO, gmgn supply co., launched this month with the lofty goal to “take on General Mills, Nestle and Unilever” through a decentralized business model. – and it… Read more »
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Gold House Launches Fund to Support API Leaders
Gold House, a nonprofit group of Asian & Pacific Islander (API) founders, creatives, and executives, announced today the launch of Gold House Ventures (GHV), a $30 million fund that will place capital in API helmed brands and companies.
Taste Radio: When Looking For An Investor, Look For A Friend
This week, we sat down with the co-founders of Vail-based private equity firm Manna Tree Partners and the founders of three portfolio companies, Verde Farms, Health-Ade and Gotham Greens, to explore the relationship between investor and entrepreneur. The discussions revealed how their personal friendship established a baseline for trust and helped create positive outcomes for all involved.
FDA Looks To Issue Guidance On Non-Listed Food Allergens
The Food and Drug Administration is now soliciting public comments to evaluate the importance of guidance on food allergens not named in the Federal Food, Drug, and Cosmetic Act (FD&C Act). The final guidance aims to identify and rank allergens capable of inducing anaphylaxis.
Distribution Roundup: Mason Dixie Brings Breakfast To The Marriott; The Jonas Brothers Popcorn Makes Retail Debut
In this distribution roundup: Mason Dixie Foods partners with Marriott Select Brand Hotels, Rob’s Backstage Popcorn rolls out at retail, Klimon debuts at Walmart, Meli’s Cookies launch at Costco and more.
Very Good Food Company Execs Detail Management Changes, Path Forward
The Very Good Food Company (VGFC) shared its plans for moving forward following the departure of the company’s two co-founders, Mitchell Scott (CEO) and James Davison, chief R&D officer, during its Q4 2021 earnings call on Thursday.
Notable New Products: Grillo’s & Utz Dill Pickle Chips; House of Wise CBD Sampler and Good Earth 50th Anniversary Teas
This week’s new products saw plenty of limited-edition innovations from collaborative co-branded pickle flavored chips to a hint of nostalgic, allergy friendly Sesame Street baking mixes from Partake. Check out the latest new product innovations and category expansions from food companies like Grillo’s and California Olive Ranch.
The Checkout: SnackMagic Launches CPGpulse; General Mills Invests In Women And Minority Entrepreneurs
In this week’s Checkout: SnackMagic launches data platform CPGpulse, General Mills invests $15 million for minority and female entrepreneurs, Misfits Market launches private label line and Evol introduces carbon neutral frozen meal line.
Judge Rejects Whole Foods’ Claim That $15 Million Breach of Contract Suit Is Invalid
AtlantaFresh Artisan Creamery’s case against Whole Foods Market is moving forward after U.S. District Judge Thomas W. Thrash denied Whole Foods’ motion to throw out a $15 million breach of contract lawsuit. The case alleges the natural grocery chain prematurely and ‘abruptly’ broke a seven-year distribution contract with grass-fed dairy producer AtlantaFresh Artisan Creamery and caused the business to go under.