News
Food and beverage industry news.
Taste Radio: We’re Focused On Blurred Lines, A ‘Deadly’ Deal And CANNnuary
Taste Radio’s hosts reflected upon last week’s highly publicized deal between the Coca-Cola Co. and Constellation Brands, the growing pool of hop-centric drinks and news of Liquid Death’s colossal funding round. They also discussed a “flamin’ hot” line extension for a not-so-NOSHy snack brand, why “Cannuary” is trending among some folks in the office and highlighted several new beverages and bites.
Antithesis Foods Pivots From Sweet to Savory Due To Scalability Constraints
Facing persistent manufacturing challenges, food science company Antithesis Foods has announced it is sunsetting its snack line Grabanzos and launching a new savory crisp brand called Protos this week.
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Rollin Greens Discontinues Flagship Line to Focus on Plant-Based Meat Alternatives
Rollin Greens announced this week it is discontinuing its flagship line of Millet Tots, a better-for-you take on tater tots, in order to shift focus towards offering plant-based meat alternatives.
Opopop Launches Lower Priced Product, Seeks to Make Popcorn More Snackable
Snack brand Opopop launched with a “flavor wrapping” technology that it said would shake up microwave popcorn. Now the brand is eschewing that concept in order to launch a lower priced offering, debuting next week a line of “Peel and Pour” single-serve popcorn cups.
Distribution Roundup: Stryve Begins 2022 Expansion with Costco, 7-Eleven
Stryve Begins 2022 Expansion with Costco, 7-Eleven Meat snacks brand Stryve Foods is set to add thousands of new doors to its nationwide footprint this year, including chains like Costco and 7-Eleven, bringing the brand’s total distribution to over 30,000 retail locations in the U.S. According to the company, Stryve Biltong and Vacadillos products are… Read more »
Lifeway Announces “3.0” Strategic Plan Following Return to Growth
In 2018, fermented dairy brand Lifeway announced the beginning of “Lifeway 2.0,” a strategic revitalization plan to invigorate growth and expand. Now, speaking today at the 2022 ICR Conference, CEO Julie Smolyansky said the goals of the plan have been achieved and the company is now beginning a new phase: “Lifeway 3.0.”
Foxtrot Raises $100M for Expansion
FoxTrot thinks convenience stores and corner markets need a makeover, and now it’s got more cash to make that a reality. The retailer announced today that it has raised $100M to help expand into new markets and to invest into its ecommerce business.
Botaniline Modernizes Meat and Potatoes With New Partnership
Food technology company Botaniline announced it has signed an agreement with National Food Group (NFG), a wholesale foodservice manufacturer and distributor, to begin distributing its better-for-you and additive-free processed meat products to retail and foodservice locations this month.
Taste Radio: Most People Don’t Know ‘Jack.’ Annie Ryu Is Planning To Change That.
Jack & Annie’s founder/CEO Annie Ryu spoke about her initial vision to support farming communities in India by incentivizing production of jackfruit, how she began building the company while still an undergraduate student at Harvard, how Jack & Annie’s is positioned within a competitive set for plant-based meat and what she’s learned about entrepreneurship and the value of persistence.
Enlightened Hospitality Investments Closes Fund II
Foodservice-focused Enlightened Hospitality Investments (EHI) announced today that it has closed its second fund at $332 million.