News
Food and beverage industry news.
CPG Week: Do Tariffs Spell Impending Doom For Craft Distillers?
On CPG Week, the podcast team talks about how retaliatory tariffs are plaguing the export market for American craft distillers.
Food & Beverage Financing Trends: FABID Q3 Report
Venture funding increased by 16% quarter–over quarter, driven by more late stage investments compared to the second quarter of the year.
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Once Again Aims To ‘Remain Competitive’ With Big Tree Acquisition
Once Again has added manufacturing muscle and additional ingredients to its portfolio with its latest acquisition as the company seeks to remain competitive both as a B2B supplier and standalone CPG brand.
Albertsons: Q2 Revenue Tops Estimates, But Competitive Headwinds Will Continue
Albertsons Companies surpassed analysts’ projections in reporting second-quarter net sales and other revenue of $18.6 billion today, up from $18.3 billion last year, propelled by an increase in digital sales and omnichannel shoppers.
Hershey-Backed Blue Stripes Raises $20 Million to Advance Its Technologies, Develop New Products
Blue Stripes, a purveyor of sustainable cacao fruit-based food and beverage products, announced today it has raised $20 million in a Series B funding round intended to help the brand advance its whole cacao process technologies, develop new products and expand distribution.
Vendor Says BetterBrand Social Media Claims Are False
Cold Chain 3PL, an ecommerce cold goods fulfillment service, stated it is not working with BetterBrand, an assertion that runs counter to the low-carb bread company’s claims.
‘The Era of The Empanada’: Inside Maspanadas’ New Production Gains
While COVID-19 may have pushed some businesses to the point of no return, Latin Goodness Foods, its pandemic-era pivot deeper into CPG is beginning to pay off.
New Products: Chobani Packs More Protein, Scott & Jon’s Adds Fish Dishes
In this week’s new products roundup, Chobani packs more protein into its Greek yogurt cups, Chosen Foods gives its signature avocado oil a squeeze, and Pringles rejoins the dill pickle craze.
The Jackfruit Company Adds $5M Extension to Series B Round
The Jackfruit Company, which sells products under both that name and the Jack & Annie’s brand, has raised $5 million in a Series B extension, adding to the $23 million it previously raised in the funding round, co-founder and CEO Annie Ryu announced this week.
Capital City’s Mambo Sauce Secures New Cash
Mambo Sauce maker Capital City is celebrating its first round of investment this week after securing a First Lien Term Loan Facility from middle market investment firm Lafayette Square.