News

CPG sales and marketing agency Acosta filed for Chapter 11 bankruptcy in Wilmington, Delaware yesterday to reduce its $3 billion debt burden.

In a conversation with NOSH, Stuart Reid, executive director of nonprofit Food Co-op Initiative (FCI), explained how co-ops can help brands connect genuinely with a different — and often more dedicated — type of shopper as well as where the opportunity is for brands to grow within the channel.

The FDA yesterday issued 15 warning letters to CBD companies and updated its advice for consumers to follow while regulations are developed. Citing numerous safety concerns and a lack of scientific information, FDA said it cannot recognize CBD as generally recognized as safe (GRAS) for use in human or animal food.

Joel Warady, the General Manager and Chief Sales and Marketing Officer of Enjoy Life Foods, spoke about the genesis and evolution of the allergen-friendly snack brand, explained why the company embraces a “think digital, act analog” business strategy and why standards matter at every stage of growth.

Hatching a new brand can take time. Such was the case for emerging brand Egglife, which entered stores this month after a three-year path to market. Backed by the family behind the country’s second largest egg producer, the company hopes to disrupt a tired category — wraps — and “snackify” the humble egg.

Vegan man sues Burger King, Target’s Good & Gather forges ahead, FDA allows ‘ruby chocolate,’ and more in this week’s Checkout.

With new plant-based brands sprouting every day, there’s more competition in the category than ever before. But these start-ups will have another champion, with the launch of The Garden, an investment vehicle and service provider for emerging plant-based food and beverage brands. Brands accepted into The Garden will receive funds and services valued at up to $250,000 from investment firm New Crop Capital and meal kit company Purple Carrot.

While fresh produce is often seen as a stalwart of a better-for-you lifestyle — and driver of perimeter growth in stores — fresh food overall isn’t being picked as much as retailers and manufacturers would like. In a study released last week, consulting firm Deloitte surveyed 153 fresh food manufacturers and retailers and 2,000 consumers to understand why fresh is lagging — and the challenges ahead.

Gluten-free breakfast brand Love Grown wants to wake up the tired cereal aisle. The brand, which first launched its better-for-you take on the breakfast staple in 2008, sees a bright future fueled by beans and other novel, nutritionally-dense bases and is launching new packaging — a key move as it prepares to expand into Walmart early next year.

With eyes on expanding beyond the yogurt set, Chobani announced yesterday the launch of a range of new both dairy and plant-based products, including its entry into the fast-growing oat “milk” category.