Investment

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.

Task management software company PINATA has raised $10 million to help address front-line worker optimization as its customers prepare for a recession to “connect the C Suite to the street.”

The Florida-based operator of the Winn-Dixie and Harvey’s supermarkets, is reportedly exploring a sale and is in talks with prospective buyers, furthering concerns of more consolidation in the grocery channel.

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

Clio Snacks announced this week that it has raised a new round of capital from investment firms and several notable athletes which the refrigerated Greek yogurt bar brand believes will help it transition into profitability.

Two leaders in the grass fed meat industry, Teton Waters Ranch and SunFed Ranch, are joining forces to make one of the largest platforms for pastured beef called Grass Fed Foods hoping to capitalize on regenerative agriculture’s demand and move into mainstream channels.

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.

A judge from Washington State has extended the temporary block on a $4 billion payout to Albertsons’ shareholders in an effort to halt the cash dividend until the grocery giant’s proposed merger with Kroger can be fully reviewed by federal regulators. Judge Ken Schubert of King County Superior Court last week extended the temporary restraining order (TRO), now effective until Nov. 17.

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.