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

Albertsons has rejected a request by several state attorneys general (AG) to hold off on a special dividend payment totaling nearly $4 billion to stakeholders, stating the dividend plans were developed prior to potential merger discussions with Kroger and payment cancellations could lead to financial and legal liabilities, as reported in Bloomberg.

Outstanding Foods co-founder and CEO Bill Glaser spoke about how he has applied lessons from prior entrepreneurial ventures to the company’s business strategy, how the brand has attracted celebrity investors and involved them in marketing and promotion efforts, and the evolution of Outstanding Foods’ package design and its alignment with the company’s innovation and retail strategies.

Michigan-based distributor Lipari Foods announced today it has been acquired by Greenwich, Connecticut investment firm, Littlejohn & Co.

McCain Foods is boosting visibility of its sustainability goals through the launch of regenerative agriculture-grown Regen Fries in partnership with web3 platform Roblox and NFT-themed Los Angeles burger restaurant Bored & Hungry.

The 13th installment of NOSH Live Winter’s Pitch Slam is just a few weeks away, and it’s time to reveal the next two competitors: protein bar brand Resist Nutrition and nootropic-infused superfood maker Mindright.

This week’s roundup of new products saw brands creating better-for-you iterations of classic candies, celebrating breakfast with donut kits and pancake mixes and getting ready for the holiday season with limited-edition packaging and advent calendars.

The venture capital “Valley of Death” regularly kills off great-but-underfunded natural food and beverage brands trapped in its cycle, so TIG extended its platform to build a financial bridge.

In this week’s roundup: Banza commits to transition chickpea acres to regenerative; SFA predicts upcoming 2023 trends; 12 Tides wants to give consumer kelp tattoos and Lotus Foods founders release a cookbook.

If you haven’t had a chance to submit your nominations for NOSH’s Best Of 2022 Awards, you’re in luck. We’ve extended the deadline to Friday, November 4.

On this week’s show, The NOSH team discuss the latest news surrounding the Kroger/Albertsons merger, takes a dive deep into some sea-faring food trends and examines the current fundraising climate with Food and Beverage Investor Database (FABID) founder Ryan Williams.

A group of state attorneys general (AG) are challenging the impending, initial transaction outlined in the Kroger/Albertsons merger agreement – a dividend cash payment totaling nearly $4 billion.

In response to ever-increasing prices, consumers are adapting to the evolving economy by modifying both their everyday and holiday grocery habits.

In this roundup: Blue Apron activates subscription-free Amazon store; Tom’s Perfect 10 secures shelf space at Foxtrot; Cometeer inks a deal for second retail partnership, SorBabes expands with novelty bars and more.

Kraft-Heinz reported $6.5 billion in sales and $1.84 billion in profits for its Q3 2022 earnings report, continuing to equalize margins and focusing on channel market share as it rides the economy’s recent volatility.