Corporate
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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
Eat Just: Layoffs Hit 18% Of Staff As It Aims For Vegan Egg Product Profitability
Plant-based food company Eat Just recently laid off about 40 of its over 300 employees, totaling 18% of its JUST Egg division. The California-based company’s cultured protein business, GOOD Meat, was not impacted.
Miyoko Leaves Miyoko’s Creamery
Vegan dairy brand Miyoko’s Creamery has seen its namesake, founder and CEO Miyoko Schinner, formally depart the company, according to an announcement from the brand today.
News Roundup: Kainos Capital Raises $1B Fund; Nestle Aims To Grow Plant-based Menus On College Campuses
In this week’s roundup: PE firm Kainos Capital closes $1B fund; Nestle, Wholesome Crave and UMass Dining launch plant-based meal program; ADM faces labor union charges and Motif Foodworks expands by offering out bioprocessing capabilities.
Union Kitchen Lays Off Workers
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.
Unilever Names New CEO, Reaffirms Food Brands Strategy
Unilever has appointed former H.J. Heinz executive Hein Schumacher to lead the CPG company effective July 1 reaffirming the multinational company’s commitment to its food brands.
News Roundup: FDA Food Policy Commissioner Resigns; Flashfood Expands With Stop & Shop
In this week’s roundup: FDA Food Policy and Response Commissioner Frank Yiannas resigns; Flashfood expands to new Stop & Shop locations; Bipartisan SHIP IT Act is introduced to Congress; Meati opens the Mega Ranch; and Tyson CFO pleads guilty.
Amy’s Kitchen Adds Execs to Stabilize Supply Chain Ops, Brand Transparency
After a turbulent 12 months that saw challenges ranging from supply chain hiccups to labor disputes, organic food company Amy’s Kitchen is looking to bring stability to its business by bringing in experienced leaders to fill executive and management level roles across multiple departments.
Citing Costs, Rowdy Ending Core Bar Line, Pivoting To Powders
Prebiotic protein bar maker Rowdy has announced it will halt production of its flagship product this year, blaming rising input costs, coupled with the pandemic-induced economic climate, that made the product too costly to manufacture.
News Roundup: Albertsons Launches Emerging Brand Competition; Cereal Maker Sues Rock Band
In this week’s roundup: Albertsons launches emerging brand competition; Post Holdings sues LA-based rock band OK Go; Whole Foods aims to increase store expansions three-fold; Campbell’s consolidates snack offices and SPAM gets stylish.
News Roundup: Walmart Taps Salesforce, New Age Eats Sells Pilot Facility
Walmart announced a partnership with Salesforce to help the retailer drive profitability in its delivery and curbside pickup apps. New Age Eats puts pilot production facility up for sale and Beyond Meat sheds another executive.