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

The Hain Celestial Group bested analysts’ expectations in its Q2 earnings report today, as the company saw net sales decline just -4.8% while growing its snack business and expanding distribution.

Global food and ingredient manufacturer Kerry Inc. has agreed to pay a $19.2 million fine after pleading guilty to a charge of manufacturing breakfast cereal under unsanitary conditions at an Illinois facility linked to a 2018 salmonella outbreak, the U.S. Department of Justice announced Friday.

In this week’s news roundup, actress Anne Hathaway has invested in food tech company The EVERY Co., Brazilian frozen foods brand Brazi Bites has named La Porteña Foods as the winner of its first Latino Entrepreneur Accelerator Program, and The Hershey Company reports Q4 and FY 2022 earnings.

Hungry for growth, kids beverage maker good2grow has announced its expansion into food with the launch of Snackers baked oat and wheat crackers.

In this week’s new products roundup, Biena expands its snack lineup, Scott’s Protein Balls celebrates American Heart Month and Haagen Dazs unveils an innovation in the novelty set.

Cambridge, Mass-based Formaggio Kitchen has been providing specialty and imported goods to the Boston area since 1978. As the store expanded beyond its flagship location it has also brought a range of new products and categories into its mix. When the original owners retired last year, they sold the business to long-time employee and general manager, Julia Hallman.

Frozen Chinese food maker Xiao Chi Jie received a capital infusion of $21 million just over three months after the company had announced a previous raise of $10 million.

This week the team dishes out some hot takes on condiments and give an update on some recent divestments and sales resulting from supply chain struggles. Later, we hear from Adam Spriggs, founder of The Angel Group.

Wrestling with debt and litigation, down to a small fraction of its workers, its two factories shuttered, condiment company Tessemae’s announced today it will voluntarily file for Chapter 11 bankruptcy in order to restructure the company.

Mondelez is gearing up for continued double-digit inflationary headwinds in 2023, aiming to hedge against what it believes are misguided projections that input and operating costs will begin to decline this year.

Today we welcome a familiar face to our full-time staff. Melissa Traverse, a former BevNET colleague who rejoined the team as the Director of Community to take the lead on engagement with our growing community.

A new generation of AAPI owned and operated startup brands have launched online and in-store recently, sporting premium and better-for-you versions of products that look to reclaim the heritage of and rebuke stereotypes about Asian cultures and Asian foods. With vibrant, modern branding and messaging and an emphasis on authentic flavor, brands have emerged to sell new takes on classics.

Acknowledging issues within its existing system, the U.S Food and Drug Administration (FDA) is seeking to reimagine its food program through an agency-wide restructuring, per a letter published by Commissioner Robert Califf earlier today.

After announcing the launch of a new investment fund in May 2022, Washington, D.C.-based Union Kitchen has laid off its sales and marketing team as part of a corporate reorganization.