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

Sustainable seafood company Luke’s Lobster has closed a minority growth equity financing led by Relentless Consumer Partners with participation from Whole Foods Market as it works to scale its CPG arm alongside its restaurant business.

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.

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.

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.

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 announced today the acquisition of Datasembly, a retail data platform focused on hyperlocal, real-time pricing and promotion analytics.

Goodles’ new single-serve microwavable cups, fill a gap for the better-for-you brand in convenience-oriented mac and cheese.

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.

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.

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 announced today it has agreed to purchase food solutions company SpartanNash for a total consideration of $1.77 billion, including debt.

That’s it. has learned sampling is integral for its brand since it was “a bit ahead of its time with simplicity and transparent ingredients.” The brand now sells to over 82,000 retailers and strategic sampling is a core piece of that success.

Sonoma Brands’ KRAVE and Chef’s Cut are harnessing the demand tailwinds of premium meat snacks by leaning into the stick set.

Amid a gross margin increase, Kroger announced the closing of 60 “underperforming” stores in the next eighteen months as it prioritizes capital allocation.