News
Food and beverage industry news.
Are Consumers Moving Past Inflation? The Answer is Complicated.
In its latest State of the Shopper consumer survey this week, Acosta Group reported that U.S. consumers are spending more and feeling less anxious about inflation. That improvement, however, comes with a caveat.
Aria Growth Partners Closes $152M Fund-II
Buoyed by strategic exits of portfolio companies LesserEvil and Hero Cosmetics, Aria Growth Partners announced today the close of its second fund with $152 million in capital commitments.
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Alter Eco Slashes Costs, Headcount and Emissions As Cocoa Prices Soar
Alter Eco slashed $1 million in supply chain costs while significantly reducing its headcount, navigating an unprecedented spike in cocoa prices and making a deeper push beyond the natural channel.
Momofuku Cooks Up Nearly $30M Investment
Asian pantry staple brand Momofuku Goods has raised just under $30 million in a new investment round after netting over $28 million in 2023.
SPINS Acquires Datasembly to Provide Pricing and Promotional Intelligence
SPINS announced today the acquisition of Datasembly, a retail data platform focused on hyperlocal, real-time pricing and promotion analytics.
Goodles Goes Microwaveable With Cupped Innovation
Goodles’ new single-serve microwavable cups, fill a gap for the better-for-you brand in convenience-oriented mac and cheese.
Chasing Aimee: BetterBrand Founder Owes Lender $500K, But No One Can Find Her
Where is Aimee Yang? The BetterBrand founder and her company have been sued for a half-million dollars by a company lender, but they haven’t been able to find her.
Dr. Praeger’s ‘Ages Up’ Snack Line with Pizza Stars to Capture Untapped Audience
After working to turn the veggie burger from a niche offering into “something craveable,” Dr. Praeger’s is expanding its presence in the veggie-based frozen snacking space with the introduction of four new offerings aimed at broadening its reach.
Will Once Upon A Farm IPO?
Jennifer Garner and John Foraker’s kids nutrition brand Once Upon A Farm is rumored to be heading toward an initial public offering with a valuation at about $1 billion.
C&S Wholesale Grocers to Buy SpartanNash for $1.77 Billion
C&S Wholesale Grocers announced today it has agreed to purchase food solutions company SpartanNash for a total consideration of $1.77 billion, including debt.