Corporate

The CEOs of Kroger and Albertsons Companies faced intense criticism from the Senate Judiciary Antitrust Subcommittee during a hearing yesterday regarding their proposed merger.

Hain Celestial president and CEO, Mark Schiller will hand off both roles to Wendy Davidson at the end of the year and transition to a non-executive director on the company’s Board at the beginning of 2023.

Two years after No Evil shuttered its in-house manufacturing, switched to a co-packing model and rebuilt the brand with a leaner team, the brand is once again retooling its growth strategy

After nearly a decade on the market, Brooklyn-based vegan yogurt brand Anita’s has closed its doors, stating it was unable to keep up with rising production costs and inflationary pressure in the wake of the pandemic.

B&G Foods is “actively seeking” a buyer for snack brand Back to Nature, stating on this week’s third quarter earnings report that while the brand was performing well enough, the divestment is part of a larger initiative to refocus B&G’s core portfolio and reduce debt.

Dirty Hands, one of the CPG industry’s largest merchandising firms, laid off employees from across the company last week in a move to refocus its business on the natural channel.

Low-sugar dessert spread TBH has announced co-founder Ba Minuzzi will step into the role of co-CEO alongside existing CEO Elana Guberman.

Joe Oblas, has departed Stryve Foods, the meat snacks company he co-founded in 2017. According to Oblas and trademark filings, the company will be adding new products in the pet food category.

Laird Superfood is shutting down its Sisters, Oregon production and fulfillment facility and laying off all workers at the end of this year, the company announced this week.

CPG executive Doug Radi is headed to cookie dough company Sweet Loren’s to serve as its president, a newly created role in which he will oversee all departments and report directly to founder and CEO Loren Brill.