Investment

Khloud named former Poppi president and chief growth officer Jeff Rubenstein as its CEO, just five months after launch and amid a slate of distribution gains.

AI-powered financial planning and analysis platform Iris plans to accelerate growth after today announcing the closing of a $6.2 million funding round led by Glasswing Ventures.

Calbee, Inc. has taken a majority stake in sustainable tofu brand Hodo, Inc., marking its entry into the U.S. plant-based food market.

PE-backed frozen food platform MBC Companies has expanded its capabilities with the acquisition of Waller, Texas-based frozen pizza producer Alpha Foods.

In this episode of CPG Week, Nosh managing editor Monica Watrous and senior reporter Lukas Southard discuss recent investments in Bloom Nutrition, Tost and Magic Mind, plus meal kit makeovers and marathon-friendly food and beverage brands.

The parent company of Creminelli Fine Meats and Daniele has been acquired by an investment fund managed by IOP to accelerate growth in the specialty meat industry.

Project Potluck, a nonprofit organization advancing diversity and inclusion in the consumer products industry, has launched its inaugural grant program supported by contributions from notable individuals and businesses.

Food and beverage consulting group JPG Resources is expanding its capabilities and its West Coast presence with the acquisition of food product development consultancy CuliNEX.

Over the past few weeks we’ve witnessed several prominent portfolio restructurings across the industry: Big Food is trimming the fat, and this week, one of the market’s biggest mergers in recent memory officially unraveled.

In this episode of CPG Week, Nosh managing editor Monica Watrous and senior reporter Brad Avery dig into Kraft Heinz’s separation plans and PepsiCo’s increased investment in Celsius Holdings. The hosts also chat about Pepsi’s warning letter from an activist investor and Huel’s ready-to-drink foray into the red-hot greens category.