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Nestle, Conagra Join Dye Phase-Out Amid State Pressure
Nestle and Conagra have joined Kraft Heinz and General Mills in pledging to remove the use of synthetic food dyes from their formulations amid growing pressure from the federal government and accelerated traction at the state level.
People Moves: Chubby Snacks’ Perotta Has Sunnie Days Ahead as Supply Lead
Brett Perotta, co-founder of recently shuttered frozen sandwich brand Chubby Snacks, is beginning his next act as director of supply chain at better-for-you snack maker Sunnie.
Luke’s Lobster Nets Equity Financing From Relentless Consumer Partners, Whole Foods to Scale CPG Business
Sustainable seafood company Luke’s Lobster has closed a minority growth equity financing led by Relentless Consumer Partners with participation from Whole Foods Market as it works to scale its CPG arm alongside its restaurant business.
Are Consumers Moving Past Inflation? The Answer is Complicated.
In its latest State of the Shopper consumer survey this week, Acosta Group reported that U.S. consumers are spending more and feeling less anxious about inflation. That improvement, however, comes with a caveat.
Aria Growth Partners Closes $152M Fund-II
Buoyed by strategic exits of portfolio companies LesserEvil and Hero Cosmetics, Aria Growth Partners announced today the close of its second fund with $152 million in capital commitments.
Alter Eco Slashes Costs, Headcount and Emissions As Cocoa Prices Soar
Alter Eco slashed $1 million in supply chain costs while significantly reducing its headcount, navigating an unprecedented spike in cocoa prices and making a deeper push beyond the natural channel.
Momofuku Cooks Up Nearly $30M Investment
Asian pantry staple brand Momofuku Goods has raised just under $30 million in a new investment round after netting over $28 million in 2023.
SPINS Acquires Datasembly to Provide Pricing and Promotional Intelligence
SPINS announced today the acquisition of Datasembly, a retail data platform focused on hyperlocal, real-time pricing and promotion analytics.
Goodles Goes Microwaveable With Cupped Innovation
Goodles’ new single-serve microwavable cups, fill a gap for the better-for-you brand in convenience-oriented mac and cheese.
Chasing Aimee: BetterBrand Founder Owes Lender $500K, But No One Can Find Her
Where is Aimee Yang? The BetterBrand founder and her company have been sued for a half-million dollars by a company lender, but they haven’t been able to find her.