Corporate
Featured Corporate Content
After $20M Raised and Whole Foods Debut, Stockeld Dreamery Shutters
Over the course of six years in business, Stockeld Dreamery raised over $20 million and recently secured a spot in Whole Foods, but this month founder and CEO Sorosh Tavakoli made the decision to close up shop.
Can Big Food Compete Among Entrepreneurs?
Legacy CPG companies are a goalpost for food industry entrepreneurs. But that dynamic may be shifting as large corporations struggle under their own weight.
NotCo Expands Beyond Plant-Based With Magnum Ice Cream Partnership
Today, The Magnum Ice Cream Company announced a new partnership with AI-driven food innovation company NotCo, marking the latter’s inaugural venture beyond its plant-based roots.
Additional Content
Following Bankruptcy, Buyk Assets Go Up for Sale
Rapid delivery service Buyk is seeking a buyer for its assets after declaring bankruptcy earlier this year due to funding issues.
Pat Brown Switches Roles Again To Lead Impossible Labs
Impossible Foods founder and chief visionary officer Pat Brown is leaving the c-suite to lead the company’s new research arm, tentatively dubbed Impossible Labs. This will be Brown’s second title change this year.
Unilever CEO Alan Jope To Retire
Unilever CEO Alan Jope will retire at the end of 2023. Jope has worked for the global CPG giant for 35 years, beginning as a trainee, and worked his way up to hold a range of senior leadership positions before being named CEO in 2019.
Delayed Ops: Beyond Meat Sees Chief Supply Chain Officer Depart
Just two days after Beyond Meat suspended its COO Doug Ramsey, the alt-meat company is losing another operations executive. The company said that chief supply chain officer Bernie Adcock announced on September 20 that he would be stepping down, effective September 30.
Chobani Pulls IPO Plans
Chobani scuttled its public offering plans on Friday, citing “current market conditions.” The news comes over a year after it filed with the SEC and six months after announcing it would delay its public offering.
Very Good Food Company Appoints New CEO
The Very Good Food Company (VGFC) has announced Parimal Rana, previously VP of operations, as its new CEO effective immediately, a move that brings stability to the c-suite after a series of executive changes that saw the plant-based food company’s founders, president/CFO and interim CEO all depart in rapid succession.
Instacart Files Confidentially to Go Public
Delivery service Instacart announced late yesterday that it has confidentially filed a draft registration statement with the Securities and Exchange Commission (SEC) to go public. The announcement comes after the company slashed its valuation and other companies are postponing their own IPOs.
Lancaster to Divest from Bantam Bagels Citing ‘No Foreseeable Path to Profitability’
Less than four years after acquiring the brand, Lancaster Colony Corporation plans to divest from the frozen food maker Bantam Bagels later this summer.