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Co-Pack Or Self-Man? Emerging Food Brands Face Tough Choices
Finding the right balance between control and efficiency is one of the toughest decisions founders make as they evolve out of the startup stage. A big part of that centers on production.
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ALDI Cleans Up Private Label Line, Eliminating 44 Additional Ingredients
Discount grocery store chain ALDI is tightening its product standards, announcing plans to eliminate an additional 44 ingredients from its private-label food, vitamin and supplement lines by 2027.
Purely Elizabeth Reportedly Exploring Sale
Granola, oatmeal and cereal producer Purely Elizabeth has reportedly tapped Houlihan Lokey to explore a potential sale that could value the company at over $600 million.
Simply Good Foods Trims 15% of Workforce Amid Restructuring
As part of ongoing efforts to strengthen its balance sheet, Simply Good Foods – the parent company of Quest, OWYN and Atkins – announced today plans to shrink its workforce by nearly 15%.
Conagra Brands Taps Former J.M. Smucker Exec as CEO
Packaged food giant Conagra Brands announced today that it has appointed John Brase, the former COO of J.M. Smucker Co., as president and CEO, effective May 31.
PLTFRM Consolidates to Fuel Omnichannel Growth
PLTFRM has consolidated all of its subsidiaries under a single identity to cement its position as “a fully integrated omnichannel growth powerhouse.”
Hershey Restores Original Reese’s Recipe Across All Products After Ingredient Backlash
The Hershey Company announced this week it will shift back to the “classic milk and dark chocolate recipes” in all Reese’s and Hershey’s products by 2027, following months of criticism over ingredient quality, as reported by Bloomberg.
What’s Behind Sow Good’s Shakeup? Asset Sales, Leadership Turnover Follow Liquidity Push
In another leadership shakeup at freeze-dried candy manufacturer Sow Good, CEO David Lazar has resigned after less than three months at the helm, according to an 8-K filing with the U.S. Securities and Exchange Commission.
Hershey Integrates Sweet, Salty and Protein Brands Under New U.S. Operating Model
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.
Believer Meats to Liquidate U.S. Assets
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
Grandson of Reese’s Founder Demands Improved Ingredient Quality from Hershey
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.