News
Food and beverage industry news.
Target Commits Over $2B To Support Black-owned Businesses
Target is committing over $2 billion towards supporting Black-owned businesses through the end of 2025, the retailer announced today, as part of a broader effort to use its “size, scale and resources to create opportunity” for those companies
Elevator Talk Ep. 34: Raised Real, Blake’s Seed-Based, Obvi, Brewers Crackers, Better Than Good Foods
Episode 34 of Elevator Talk features leaders from Raised Real, Blake’s Seed-Based, Obvi, Brewers Crackers, and Better Than Good Foods. Watch founders and CEOs introduce their brands and provide a recap of recent news and updates.
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Forager Expands Creamery Model with Ice Cream Launch
Former juice brand Forager Project this week announced it would launch plant-based ice cream — the next step in the company’s goal to become a plant-based “creamery.”
Office Hours: Fractionals Lead to the Greater Whole
The latest Office Hours deals with the strategic use of fractional executives, including ways to develop trust, keep communication top-of-mind, and thoughts on the transition of roles as companies grow into larger armies.
Acid League Closes Round, Seeks to Reinvent Center Store Staples
Last week condiment and beverage brand Acid League announced it had closed $4.75 million in funding — capital the brand says will help it expand its omnichannel sales and marketing strategy as well as continue the company’s push into new categories.
Speed Dating: Connecting CPG Brands with Investors on May 20
BevNET & NOSH will host our next Investor Speed Dating event next month on Thursday, May 20. Speed Dating is a virtual event series designed to facilitate direct, one-to-one connections between emerging food and beverage brands with a variety of industry gatekeepers and experts.
Tofurky Loses Appeal to Block Missouri Meat Labeling Law
Label this one as a step back for Tofurky. Turtle Island Foods SPC, maker of the plant-based meat brand, along with food advocacy organization The Good Food Institute (GFI) last week lost an appeal to block a Missouri labeling law that would make it a crime for plant-based meat producers to represent their products as containing real meat.
In the Mood: Recess Expands Relaxation Platform with New Powder
Recess Mood takes the New York-based brand into a different state of mind. While the flagship product offered a sense of “calm, cool and collected” through a combination of hemp extract and adaptogenic herbs, Mood is positioned as a caffeine and CBD-free “uplift” delivered via a proprietary blend of magnesium L-theorate.
The Checkout: Post Acquires Ronzoni; Brands Celebrate April Fools’ Day
In this week’s Checkout, Post Holdings acquires dry pasta brand Ronzoni; sugar-free gelato and chocolate bar maker Bon AppéSweet is named the winner of The Empower Project; synthetic honey maker MeliBio raises $850K; Anheuser-Busch breaks grounds on a $100 million EverGrain facility; and brands celebrate April Fools’ Day with creative product launches.
Quinn Snacks Creates ‘Band of Brands’ to Improve Supply Chain
Despite sustainability being a fairly standard aspiration for progressive food and beverage brands, there are times when the implementation of environmentally friendly measures can still be an arduous process. With the launch of the working group Band of Brands, Quinn Snacks founder and CEO Kristy Lewis hopes she can ease some of this burden and help food and beverage companies have a bigger impact on the supply chain.