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Food and beverage industry news.
After Review, Campbell Drops Fresh Division
Moving forward, Campbell said it will focus on its two core businesses in North America: Campbell Snacks and Campbell’s Meals and Beverages.
Coolhaus Grows with Sunrise Funding and Plant-Based Innovation
Investment firm Sunrise Strategic Partners announced today an investment in ice cream producer Coolhaus. The company plans to release a plant-based product in the near future.
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Elevator Talk: Blue Moose of Boulder Crafts Organic Dips From Scratch
Blue Moose of Boulder hand-crafts organic hummus, dips and salsas from scratch. The line of preservative-free dips and spreads utilizes HPP processing to achieve a 100 day shelf-life and bring its health-forward and convenient snacks to millennials.
Posting Losses, Hain Celestial Execs Note ‘Transformation Takes Time’
The organic and natural products company reported a net loss of $69.9 million for the quarter, but the executive team has hope that the company can successfully pivot toward profitability.
Fueling the Fire: CAVU Invests $8M in Kettle and Fire
Can bone broth be the next kombucha? Investment group CAVU Venture Partners thinks so. The fund announced today an $8 million series A investment in upstart bone broth brand, Kettle and Fire.
Taste Radio Ep. 126: How Angie’s Boomchickapop Became a $250M Brand
Angie’s Boomchickapop co-founder Angie Bastian on how function, femininity & fun helped build a $250M brand. Tom First, the co-founder of Nantucket Nectars and an operating partner at private equity firm Castanea Partners discusses business habits that have supported his career as an entrepreneur and investor.
Serventi Steps Up to Global CEO Role at Hippeas
Snack brand Hippeas today announced a changing of the guard. Founder Livio Bisterzo will move to the role of chairman while Joe Serventi, current U.S. general manager, will assume the role of global CEO.
Industry Feels Pull and Push for Alternative Meat
Dairy vs. almond milk. Rice vs. cauliflower. Beef vs. “clean” and plant-based meat. The past year has been filled with fighting between traditional food industries and the makers of their budding alternatives — and the past week was no different.
With New Offerings, Health Warrior Aims to Be “Plant-Form” Brand
Health Warrior wants to go beyond bars. The plant-based food brand announced today that it is launching new lines of protein powders and microwavable muffin cups in a quest to become a superfood-based platform brand.
The Checkout: Accelerator Famous for Reddit & Airbnb Focuses on Clean Meat
From an accelerator supporting a startup that fits its new priorities, to brands differentiating their product portfolios beyond their legacy offerings, here are some of this week’s top stories that you should know.