News

Icelandic low-sugar snack and breakfast products maker Good Good has closed a $20 million Series B round led by European capital group Strategic Investment Advisors (SÍA). The new funding, announced today, arrives as the company continues to double its revenue year-over-year and the financing will help the brand in “strengthening the Good Good shareholder group… Read more »

Format innovation and better-for-you-treats were the dominant themes among this collection of recently-launched new sweets. While Clio Snacks unveiled a campfire-inspired yogurt bar, Blondery teamed up with Bushwick Kitchen to launch limited-edition, salted, cinnamon, maple blondies. Check out this roundup for the latest offerings from brands including AWAKE Chocolate, Dewey’s Bakery and Honey Mama’s.

Bragg Live Food Products is probing another flank in its ongoing attack on apple cider vinegar fueled gummy supplements, which it considers a threat to the business health of the 110-year-old brand. A few weeks after an unsuccessful regulatory battle against leading ACV gummy brand Goli, Bragg, which largely sells liquid ACV and ACV-based drinks,… Read more »

This week’s notable new products saw brands expanding their plant-based protein offerings, launching prenatal and postnatal support smoothies and introducing revamped packaging for their products. Check out this gallery for new items from Gardein and Organic Valley and refreshed packaging from Motherlove and La Victoria.

In this week’s Checkout: Gopuff launches pizza brand The Mean Tomato through Kitchens platform, Evo Foods and Gingko Bioworks Team Up on Animal-free Egg, Ben & Jerry’s announce ‘Mootopia’ pilot project, FDA looks into improving infant formula supply, and Kraft Heinz works to develop paper-based ketchup bottle.

Despite strong online and in-store numbers that helped push a 26% increase in year-over-year net sales to $9.6 million, Laird Superfood reported a net loss of over $14 million during Q1 2022, according to an earnings report released by the company on Friday.

Delivery service Instacart announced late yesterday that it has confidentially filed a draft registration statement with the Securities and Exchange Commission (SEC) to go public. The announcement comes after the company slashed its valuation and other companies are postponing their own IPOs.

South American retailer Cencosud has acquired a majority stake in natural grocery chain The Fresh Market in a $676 million transaction as it looks to expand its business into the U.S.

Founded in 2014, the veteran-owned company has attracted attention from within and outside the beverage industry, thanks in large part by both the popularity of its pro-military merchandise and its expanding ready-to-drink product family. In February, Black Rifle went public via SPAC in an IPO valuing the company at around $1.7 billion. The company plans to reorganize as a public benefit corporation to reinforce its mission of serving veterans, law enforcement and first responders, including a commitment to hire 10,000 veterans.

After partnering with author and television host Padma Lakshmi last fall, yogurt and lassi maker DAH! is preparing to put the culinary expert front and center next month as it begins a new marketing push built around consumer education. Founded in 2006 by Indian expat JD Sethi and Ajeet Burns, the Massachusetts-based brand produces a… Read more »