News
Food and beverage industry news.
Big Brands Look to Small in Recent Deals
Big strategics looked to both invest and acquire in the past two weeks, looking to a fund, a coffee company, and a delivery platform for revenue expansion. Here’s a look at the deals:
Innovation Fueling 15 Most Well-Funded Startups
A list compiled by market research firm CB Insights of the 15 most well-funded venture capital-backed food and beverage startups reveals the increasing value placed on brands that are offering healthier choices and disrupting established categories like meat and dairy and innovating with plant-based offerings.
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Sweet & Snacks: Big Candy Goes For Small Portions, Transparency
At this year’s Sweets and Snacks Expo in Chicago, Illinois, Mars Chocolate, Wrigley, Nestlé, Ferrero, Lindt, Ghirardelli, Russell Stover and Ferrara Candy Company highlighted their new pledge to educate consumers about the portions and calorie counts of their treats. The five-year plan, led by the National Confectioners Association (NCA) and Partnership for a Healthier America (PHA), recognizes that while candy is “always a treat,” sweets can still fit into a healthy lifestyle.
In the Courtroom: Kraft-Heinz Suit Sets Patent Precedent, Mott’s Sued for ‘Natural’ Claims
From patent restrictions and investor complaints to false labeling claims, these are the cases creating — or aiming to clean up — messy food dealings.
Why DiCaprio and Strand Hopped to Invest in Hippeas
At the 2017 Sweets and Snacks Expo this week in Chicago, Illinois legume-based snacking brand HIPPEAS booth was pulsing with excitement – both due to the brand’s popularity in retail, but also thanks to the announcement that Strand Equity Partners and Academy Award-winning actor Leonardo DiCaprio have joined as investors.
‘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
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.