News

The Hershey Company announced this week the integration of its Sweet, Salty and Protein brand portfolios under a unified U.S. commercial operating model called ONE Hershey.

Roughly two months after Believer Meats’ abrupt shutdown, a North Carolina court has moved the Israeli cultivated meat producer’s U.S. arm into general receivership, marking the start of asset liquidation at its stateside production facility

Brad Reese, the grandson of Reese’s founder Harry Burnett Reese, is publicly calling out The Hershey Company for allegedly “quietly replacing” the ingredients it was built on and lowering product quality.

Kraft Heinz has paused its efforts to split the company, with newly appointed CEO Steve Cahillane citing “challenging” headwinds, including worsening consumer sentiment and geopolitical volatility.

Family-owned candy manufacturer Primrose Candy filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for Northern Illinois last week after nearly a century in business.

DDC Enterprise Limited has exited its U.S. operations and pivoted to focus its core food business on Asian markets and accelerate its Bitcoin Reserve Strategy, according to a letter to shareholders released today.

For a vast number of chocolate makers, this year has been anything but sweet. Amidst surging cocoa prices – which are still on a wild roller coaster ride – conglomerates like The Hershey Company and Mondelēz International have resorted to passing price hikes on to consumers to reduce the impact on their balance sheets, while investors have expressed increased interest in high-tech startups producing alt-cocoa products with methods like fermentation and plant cell culture.

Also in this issue: Albertsons Argues For Merger in Ore. Court; Stuffed Puffs to Close Pa. Facility; New School Closes On $6M Investment; Ardent Mills Grows Colorado Facility; and Whole Foods Announces Latest LEAP Cohort.

Also in this issue: A ‘Friendly Proposal’ to 7-Eleven; Flowers Foods’ Q2 Growth; SkinnyDipped Gets Salty; and What We’re Reading.

Also in this issue: Paqui Sued Over One Chip Challenge⏸, Kroger/Albertsons Request FTC Delay, Stop & Shop to Close 32 Stores, Blender Bites Gets Hospitable, and Bonumose to Scale Up Tagatose.