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Report: Despite Record Spending, Consumers Remain Worried About Rising Prices
As concerns about inflation and rising prices continue, Coefficient Capital and The New Consumer have released a 2023 Consumer Trends report.
Springdale Ventures Closes $40M Fund II
Founded in 2019, Springdale is a consumer products-focused firm whose portfolio includes over 40 brands, including food and beverage companies such as Better Booch, KOS, Mr. Beast’s Feastables, BEATBOX, and better-for-you snack brand GOODLES.
Mary’s Gone Crackers Looks To Packaging, Ingredients As Source For New Innovation
After nearly three decades on the market, Mary’s Gone Crackers’ spot in the organic, gluten-free cracker set has yet to go stale. In fact, after only five months into his role as CEO, Michael Finete told NOSH in an interview that the company is working on building new internal processes to keep fresh ideas and innovations flowing.
Whole Foods Updates Forager and Local Brand Designations
Whole Foods Market has modified the definition of its Forager, Local and Global brand designations, bringing increased clarity between the former two emerging brand-focused programs.
New Products: Smallhold’s Mushroom Pesto and Tonnino’s Kids Yellowfin Tuna
In this week’s notable new products roundup, Smallhold hits independent store shelves with its Mushroom Pesto, Sleep Walk Chocolateria teams up with restauranter Rick Bayless and EQUII grows its portfolio of protein-boosted breads.
Chobani Acquires La Colombe in $900 Million Deal
Chobani has paid $900 million to acquire coffee roaster and retailer La Colombe, the company announced today, a move that sees Keurig Dr Pepper, a minority investor in La Colombe, become an equity stakeholder in the yogurt and dairy company.
People Moves: Baldor Boosts Senior Leadership Team, Mondelēz Names New President
Foodservice and retail specialty food distributor Baldor has announced several new hires and structural changes intended to enhance customer service and meet future goals.
Meati Beefs Up Investor Roster With Athletes Chris Paul and Aly Raisman
Meati has added two more world-class athletes to its investor group, announcing this morning former Olympian Aly Raisman and NBA All-Star Chris Paul as the latest names to get behind the mycelium-based food startup.
Martie, Ecommerce Discount Grocery Platform, Raises $7M
As it looks to expand its team to match its fast-growing footprint, discount grocery ecommerce platform Martie has raised $7 million in a new funding round led by Upfront Ventures, the company announced this week.
Spare Food Co. Enters Foodservice With Upcycled Starter Ingredient
The Spare Food Co. is targeting a new revenue channel with the launch of its first-ever foodservice ingredient, Spare Starter, made from six upcycled vegetables and used as an ingredient and flavor additive for various dishes.