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

National drugstore chain CVS Pharmacy is the latest retailer to debut a revamped line of private label food and beverage offerings, announcing today the launch of Well Market, a new store brand featuring a variety of wellness and next-gen snacks and drinks.

Actual Veggies has brought in a bit of new cash as it readies itself to more than double the footprint of its plant-forward, veggie burger lineup via a slew of new retail partnerships over the next six months.

The CPG Week team gives their unadulterated takes on “Unfrosted” before diving into the week’s news related to snack trends, cocoa prices and an update on Foxtrot.

Discussions ranged from between combating rising cocoa prices to capitalizing on seasonal opportunities and injecting global flavors into savory snacks.

So if there were no fireworks going off on the deal front last quarter, that’s because they had a long enough fuse to extend into April.

Cocoa prices have been on a wild roller coaster ride over the past year, and there may be no end in sight.

BevNET and Nosh are excited to announce an exclusive data series for Insiders! We’re kicking off this series by introducing new “State of the Category” reports with Brightfield Group.

In this week’s notable new products roundup, Club Crisps and Utz add some heat to their respective product portfolios through collaborations with Mike’s Hot Honey, Chips Ahoy unveils its first ever gluten-free cookie and MìLà teams up with comedian Nigel Ng (better known as Uncle Roger).

The future of Foxtrot is once again in question after assets belonging to the shuttered grocery chain were acquired today by Further Point Enterprises via auction for $2.2 million, according to a report from Crain’s Chicago Business.

This edition of the Nosh Insider Daily Briefing features: our official review of Jerry Seinfeld’s “Unfrosted,” a sample of this week’s new products, an exclusive interview with Punch Edibles co-founder Samantha O’Donnell, a rundown of Vital Farm’s Q1 earnings and more.

While operating for 10 years in the cannabis industry, Punch Edibles and Extracts has built an expansive portfolio, established a co-manufacturing business and has recently acquired Tempo Crackers to meet consumers in the savory categories.

The CPG Week team talks about mergers, acquisitions and restructuring news this week and why a prioritization of production capacity appears to be the through-line in many of the deals.

Don’t call it a turnaround – at least that was the attitude of Laird Superfood CEO Jason Vieth during the nutrition brand’s Q1 2024 earnings call yesterday, declaring that the “turnaround story has officially become a growth story once again.”

Globally-inspired gummy candy maker Better Sour announced today that Steve Wangler has come out of retirement to serve as the company’s SVP of sales.