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

In a LinkedIn post yesterday, Sir Kensington’s co-founder Scott Norton unveiled Unfold Ventures, a $300 million Fidelity-owned fund “dedicated to backing the next generation of breakthrough consumer companies”

The rapper Wiz Khalifa, Philippe Chetrit, CEO of adaptogenic-enhanced snack brand Toodaloo; and the co-founders of Khalifa Kush, Tim Hunkele and DJ Saul, have joined together to launch MISTERCAP’s, a new line of mushroom-based products.

After filing for Chapter 11 bankruptcy in June, Aerofarms announced today it has restructured the organization to be “fully-funded” following the court’s approval of its asset purchase agreement.

In this week’s notable new products roundup, Chobani celebrates Halloween by “dressing up” its yogurts in “costumes,” Lexington Bakes relaunches its Hazelnut Gianduja Brownie with Erewhon and Dolcezza unveils an NPR-inspired gelato.

Last month, collagen powder mix maker Obvi made its first acquisition, purchasing ground coffee manufacturer Coffee Over Cardio. The deal is just the first step, the company said, in its mission to become a CPG portfolio with a deep presence in the Midwest by way of its New Jersey HQ.

Gluten-free snack brand Quinn Foods has ended over a year and a half searching elevating chief commercial officer Al Matulis to CEO who has been with the company since 2019.

After a four-year run leading keto snack brand Highkey, Joe Ens is trying his hand at the refrigerated dips and plant-based food space as the new CEO of Fontaine Santé Foods.

At NOSH Live on November 30 + December 1 in Marina del Rey we’ll hear from three key players on the Trü Frü & Mars deal.

The rising costs of retail have pushed The Planting Hope Company to shift its growth strategy outside of the grocery store. Late last month the company announced plans to acquire QSR-cafe chain Argo Tea – marking a turning point in its new growth plan which centers on the managed food service channel.

On this week’s show, the team dives into deal news from this past week including J.M. Smucker’s acquisition of Hostess and Kroger/Albertsons’ initial store divestment plan. Then, they discuss news surrounding Pacqui’s One Chip Challenge.

In a “incredibly difficult,” mycelium-based alt meat brand Meati has restructured its 300 person company, laying off 30 employees and moving another 30 into new roles as it seeks to prioritize profitability.

The Winslow, Maine-based company, formerly known as the Maine Crisp Company, is now known as Better With Buckwheat following a full company rebrand announced last week. Alongside the new identity, the company is also launching its first new line, crackers as part of a broader strategy shift to build out a buckwheat-based snack platform.

Continuing its strategic pivot towards reinventing familiar snack categories, Outstanding Foods announced today the launch of Stuffins, a vegan-friendly take on a Combo with an enhanced nutritional profile.

In the latest episode of Elevator Talk, we feature leaders from Inspired Indian Cooking, Zwïta, Capitana by Lorenza, Joydays and Chiwis. Watch founders and CEOs introduce their brands and provide a recap of recent news and updates. This week’s special co-host is Mia Medina, the founder of Gather Brands, who shared her thoughts, questions and feedback with the participants.