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
Cali’Flour Foods Goes Up For Sale
Cali’Flour Foods is heading to the auction block. According to a press release issued today, the cauliflower-based frozen food company will go to a public sale on September 8, conducted by GemCap Solutions, LLC, an asset-based lender that provides loans to low and middle market businesses.
Miyoko’s Creamery Appoints New CEO
Miyoko’s Creamery has a new name leading the charge. The plant-based dairy brand today announced Stuart Kronauge, former Beyond Meat and Coca Cola exec, will assume the top role, concluding the six-month search for a new CEO.
Meati Gets Lean, Cuts 5% Of Workforce
Meati is cutting its workforce by about 5%, affecting about 17 employees of the 300-person company less than six months after the mycelium-based protein company opened a new 100,000 sq. ft. production facility.
Tony’s Chocolonely Puts ‘Lock’ On Co. Mission, Gives Key To Seth Goldman
Tony’s Chocolonely is looking to set a new corporate standard that legally protects the values of mission-driven businesses.
Sonoma Creamery Cuts Fresh Cheese Biz To Focus On Snacking
Sonoma Creamery is ending 92 years in the fresh cheese business after selling off the division to The Atalanta Corporation, marking a formal shift toward a snack-focused future.
Return of the Mac: 8 Myles Rebrands, Puts Comfort Food First
Fresh from raising seven-figures for its line of frozen clean-ingredient mac and cheese, 8 Myles has rebranded to Myles Comfort Foods and relaunched its flagship product with a new look and new SKUs.
From Tour Guide To CEO, Ben & Jerry’s Names A New Leader
Ben & Jerry’s has named its longtime CMO as the new top executive, signaling that the company will continue highlighting its role as an outspoken voice for social activism.
Are SPACs Back? Above Foods To Go Public
Vertically-integrated ingredient supplier, agriculture company and CPG producer Above Foods will go public via a reverse merger with blank check company Bite Acquisition Corp. The deal values Above at roughly $319 million
Kellogg: Spin Off Details Shadowed By DEI Audit Discussion
The Kellogg Company reiterated preliminary details about the company’s future structure during its annual shareowner meeting today, held nearly a year after it first announced plans to divide up the business.
News Roundup: Hershey Invests In Social, Environmental Programs; Burcon Makes Bid For Merit
In this week’s roundup: Hershey invests in social, environmental supply chain programs in the Ivory Coast; Burcon makes a bid for Merit Functional Foods; Citibank issues new ESG warnings for beef, soy producers; and layoffs reach Tyson and Utz.