Food Industry News, Insights, and Education for the CPG Community

Outfox Hospitality’s future is unclear today after growing reports indicate that the company has shuttered all its Dom’s and Foxtrot stores today with potential bankruptcy looming.

Wilde Protein Chips announced today it had secured over $20 million in a round that will go towards supporting the brand’s growth trajectory with existing distribution partners.

What began as a pandemic-era home kitchen experiment has transformed into a full-blown business with 3,000 retail placements across all 50 states, all in just two years’ time. Last week, Refresh Gum doubled its SKU count with three new plant-based, sugar-free gums in Peppermint, Bubble Gum and Peach flavors.

Two months after the Federal Trade Commission (FTC) completed a review of Kroger and Albertsons’ proposed supermarket mega-merger and filed a lawsuit to block the deal, the grocery chains have added more store locations and assets to an updated version of their definitive divestiture agreement with C&S Wholesalers.

In this week’s notable new products roundup, Lindt introduces a non-dairy version of its classic chocolate truffles, GoGo Squeez targets an older crowd with electrolyte-infused fruit pouches, and Tochi heats up its line of Asian-inspired popcorn flavors.

On this episode of CPG Week, the team discuss developments in a spicy trademark dispute, water thats Not Beer and the first acquisition for a new PE firm.

Purchasing habits, higher grocery prices and an ever-changing physical and digital retail landscape have had a significant and lasting impact on both CPG companies’ profits and the margins of grocery stores since the start of the pandemic.

Voyage Foods has signed on as an exclusive B2B partner for Cargill with its nut-free spreads and cocoa-free chocolate, staking out a future for the food technology startup as an ingredient supplier.

Big Picture Foods has always had a vision that goes beyond its flagship line of fermented, organic and regeneratively-grown olives, peppers and capers. Now, three years after the company’s launch, that picture is starting to come into view.

Newly launched CPG Private Equity firm Forward Consumer Partners has made its first acquisition, taking a majority stake in Virginia based artisanal cracker maker and baking company Firehook Bakery.

On the heels of significant distribution gains in both the U.S. and Canada, caffeinated chocolate brand AWAKE has closed a CAD$5 million (approximately $3.6 million USD) follow-on funding round from Btomorrow Ventures.

In this week’s notable new products roundup, Stuffed Puffs reinvents its flagship milk chocolate-stuffed marshmallows, Whisps launches its “cheesiest cheese snack yet,” and Kettle Brand capitalizes on the rising popularity of Korean cuisine in the U.S with a limited-edition Gochujang flavor.

Mellody is readying to substantially scale up its plant-based honey business through a new retail distribution partnership with KeHE, starting with Town & Country Markets in the Pacific Northwest region.

Venture investment in food and beverage brands is at its highest point in two years, according to the latest Q1 2024 report from research group FABID. But that doesn’t mean the market isn’t still tight, as well.