News
Food and beverage industry news.
The Checkout: Eat Your Coffee Sells To Private Equity Firm; Louisiana Court Sides With Tofurky
In this week’s Checkout: Eat Your Coffee sells to a Chicago-based private equity firm; A Louisiana court sides with Tofurky on labeling legislation; Lenny & Larry’s teams up with the San Diego Zoo; and Upfield voluntarily discloses methane emissions.
Market Share: How a ‘Material Sciences Company’ Builds a Food Brand
On this month’s Market Share, we’ll hear from Pangaia Health’s CEO, Ira Laufer, about how the apparel company has made the jump into food and brought customers along for the journey.
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Gopuff to Cut Hundreds of Workers
Delivery service Gopuff has fired hundreds of employees as it aims to cut costs, the company confirmed today. Former employees claimed the number was more than 1,000.
Plant-based Meat Brand Banks On A Skinny Butcher To Mainstream The Category
A new plant-based meat brand is trying to disprove the old adage: never trust a skinny butcher. Launched in March, new brand Skinny Butcher’s line of breaded, Crazy Crispy Chick’n tenders, breasts, nuggets and patties are designed to not only catch the eye of mainstream consumers with its “futuristic yet retro” packaging design and mascot, but also drive conventional shoppers to the crowded category as flexitarianism continue to rise.
Gotham Greens Plans to Double Its Greenhouse Capacity in 2022
Indoor agriculture company Gotham Greens announced earlier this week its plans to double the size of its total U.S. greenhouse capacity from 600,000 square feet to over 1.2 million square feet by the end of this year. The Brooklyn-based company, which describes itself as a “fresh-food company farming with the future in mind,” was a pioneer in what’s become known as “urban agriculture” when it launched in 2011.
Feeling Sinful, The Collaborative Rebrands & Relaunches as Bon Dévil
The Coconut Collaborative is embracing its dark side. The European yogurt and dessert brand this month announced a relaunch as Bon Devil in the U.S.
Plastic-free Zero Grocery Closes; Analysts Say Model Was Unsustainable
In the case of Zero Grocery, sustainable grocery delivery does not make for a sustainable business model, according to retail analysts. This month, Zero Grocery abruptly announced on its social media platforms that it had closed up shop.
Acid League Raises $6M, Launches Refrigerated Dressings As Part of ‘Third Wave Pantry’ Push
Coming on the heels of launching 15 new products into Whole Foods this winter, condiment and beverage brand Acid League announced it has closed a $6.2 million funding round aimed at supporting expansion into new product categories and reinforcing manufacturing and marketing.
Happi Foodi Brings In New Investor To Help Scale Operations Bring Accessible Food Worldwide
Maruha Nichiro announced last week it has invested an undisclosed sum into Happi Foodi’s business with the stated aim of bringing the better-for-you, keto-focused frozen food brand into new “foreign markets.” The move represents an opportunity for the company, one of Japan’s leading frozen food distributors, to easily integrate a new brand with established tenants into its core business, said a spokesperson from its execution team.
Taste Radio: You Must Check This Box To Have A Fighting Chance. These Founders Explain Why.
This week, we explored the ideation, business plans and growth strategies of three innovative and on-trend brands in conversations with Susan Buckwalter, the co-founder and CEO of ginger-powered wellness brand Recoup; Dr. Juan Salinas, the founder and CEO of P-nuff Crunch, a brand of nutritious baked peanut puffs; and Michelle Razavi and Nikki Elliott, the co-founders of functional, decadent snack brand ELAVI.