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Food and beverage industry news.
‘Sweets and Snacks’ Dominate Amazon Sales
At this year’s Sweets and Snacks Expo in Chicago, Illinois, Nathan Rigby, One Click Retail’s Vice President of E-Commerce, led a presentation about Amazon’s purchasing power. Data shows that one of the largest growth opportunities for the online retailer is in the candy and snack space.
Voortman Evolves Look and Ingredients, Keeps Tradition
The image of the bonneted girl in red has adorned the Voortman Cookies logo since the company, now Voortman’s Bakery, started making it’s cookies and wafers over 60 years ago. Though a lot has changed since then, including new ownership, a new look, new recipes and a renewed focus on natural, the Dutch girl has remained
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Report: Shared-Use Kitchens Want Clear Definitions, Licensing
This month, The Food Corridor, an online database for food and beverage businesses to connect with commercial assets, and the Network for Incubator and Commissary Kitchens surveyed 38 kitchens, representing over 1,000 businesses. About 66 percent of those participants said their business areas do not have a standardized definition for shared-use kitchens
Taza Dark Bark To Offer ‘Indulgence with Benefits’
This month chocolate brand Taza Chocolate launched its first snacking product, Dark Bark, in Whole Foods Markets nationwide. The brand will highlight the bark at this week’s Sweets and Snacks Expo.
Peeled Snacks Raises Capital for Produce Derived Snacking
Last week, plant-based snack brand Peeled Snacks announced the close of a round of fundraising led by Seurat Capital. Investment bank Whipstitch Capital served as an advisor to Peeled for the deal.
Distribution Roundup: Hummustir Goes Nationwide, Birch Bender Adds Hannaford
From shelf-stable hummus to specialty toffee, these NOSH brands are not only innovating, but also getting their products in more consumers’ mouths. Here are some of the industry’s newest distribution additions.
Osso Good Issues Voluntary Recall
The issue was discovered when a consumer submitted a complaint to the USDA. Osso Co-Founder and CFO Toran Hilmer told NOSH that the complaint was submitted as an “anonymous tip.”
Hampton Creek CEO Talks Lessons Learned, ‘New Chapters’
It hasn’t always been an easy road for Hampton Creek. The Just Mayo maker made headlines for all the wrong reasons after a run-in with the FDA regarding the product’s marketing, a buyback investigation by the SEC and, most recently, reported funding struggles and layoffs. There have also been lawsuits and investigative reports to deal with, as well as personal criticisms of the company’s CEO, Josh Tetrick. Nevertheless, Tetrick told NOSH this week that the most recent changes at Hampton Creek do not signify turmoil for the San Francisco-based startup, but rather “a new chapter.”
What We Know About the Stonyfield Farm Sale
The New Hampshire-based company’s owner, Danone, announced earlier this year its plans to sell Stonyfield, which saw 2016 sales of $370 million. The brand is proving to be a hot commodity for big food companies outside of the U.S.. This week’s headlines indicate that least two bids — one by Inner Mongolia Yili Industrial, another by Mexico’s Grupo Lala– have been placed for the organic yogurt maker.
Report: Small Brands Beat Big CPGs in Innovation
Early-stage investor group CircleUp found that some of the industry’s biggest CPGs spend up to six times more on marketing and advertising of old products than they do on innovation of new products. This old-school way of business is now costing large companies market share.