Investment

Two Chicago-based retailers Foxtrot and natural grocery chain Dom’s Kitchen & Market announced an all-stock merger that will create a new entity called Outfox Hospitality.

Ghee butter company 4th & Heart has secured a $10 million investment led by existing investor Cambridge Companies SPG to help the brand build out more production in its ghee stick product line which is seeing rapid growth in the premium butter category.

TRUFF, the premium, truffle-enhanced condiment brand that has counted global super- brands including Taco Bell, The Super Mario Brothers Movie and Hidden Valley Ranch as partners, now has an icon to call its own.

Low-FODMAP condiment and sauce maker Fody Foods closed a series B equity investment round last week and appointed a Joel Warady as its new board chairperson.

Rev Energy Gum believes the fuel that drove the brand to over 20,000 retail locations in under five years was a perfectly timed combination of product-market fit and a format that flexes for a range of consumer need states.

Ahold Delhaize is offloading its online New York City grocery delivery business FreshDirect to Turkish startup Getir, the company announced this morning.

Dirty Hands is expanding its range of client services in brokerage, merchandising and sales support with the acquisition of CPG sales consultancy firm Burgess Strategic Advisors.

Amid its retooling of cannabis edibles company TSUMo Snacks, CPG venture studio Redbud Brands is also now developing a new class of brand launches as it moves on from others it has discontinued.

Syrian frozen food maker Afia is poised to unlock new growth as it recently moved into a 21,000 sq. ft. facility and eyes expanding into new retailers and channels.

Now almost 40 years in, CPG focused private equity shop Brynwood Partners gave a clear signal today that it isn’t anywhere near done with its business model of buying and retrofitting well-known brands for a second run at success.