Top Feature
On the Rise: Hero Bread Closes $15M to Grow National Distribution
Bakery brand Hero Bread announced today it has closed $15 million in funding to help the brand meet consumer demand and fuel future product innovation. The capital raise comes as the San Francisco-based brand shifts its focus to physical retail.
Are SPACs Back? Above Foods To Go Public
Vertically-integrated ingredient supplier, agriculture company and CPG producer Above Foods will go public via a reverse merger with blank check company Bite Acquisition Corp. The deal values Above at roughly $319 million
GFI: Taste, Price Still Impeding Growth for Plant-Based Proteins
Despite significant gains in recent years, mass-market adoption of plant-based meat, seafood, eggs and dairy remains limited by taste and pricing-related challenges, according to the Good Food Institute’s (GFI) State of the Industry report.
Moving into Meals, Omsom Takes a ‘Saucy’ Approach to Instant Noodles
Omsom is taking its unique branding approach to the quick-ready meal category with a 4-SKU line of Saucy Noodles, marking the brand’s first major line extension since the company hit the market in May 2020.
May 2023: Sign Up For This Month’s Community Calls
Community Call is a recurring series of open meetings dedicated to pressing topics impacting food and beverage businesses. This month, we welcome a range of guests covering topics such as current hiring trends, using social media to drive sales, how to scale your sales team, and avoiding deduction surprises.
As Costs Rise, Brands Reconsider D2C; ‘I Think it’s the Beginning of a Trend’
D2C sales growth is leveling out from its explosive heights and the opportunities for startups in the space have tightened to the point that many are simply giving up.
Mondelēz: Consumers Remain Loyal to Brands, Clif Reports Strong Financial Improvement
Mondelēz reported strong top line growth on its Q1 earnings call yesterday. In the first quarter, executives noted, 2022 acquisition Clif Bar showed double-digit revenue growth.
Kellogg: Spin Off Details Shadowed By DEI Audit Discussion
The Kellogg Company reiterated preliminary details about the company’s future structure during its annual shareowner meeting today, held nearly a year after it first announced plans to divide up the business.
Notable New Products: Tribute Pepper Chocolate Cake & Bridgerton-themed Tea
In this week’s notable new products roundup, Brightland announces the launch of its Pizza Oil, ONE Bar pays homage to a lunchbox favorite with its newest flavor and The Republic of Tea commemorates the premiere of Queen Charlotte: A Bridgerton Story.
News Roundup: Hershey Invests In Social, Environmental Programs; Burcon Makes Bid For Merit
In this week’s roundup: Hershey invests in social, environmental supply chain programs in the Ivory Coast; Burcon makes a bid for Merit Functional Foods; Citibank issues new ESG warnings for beef, soy producers; and layoffs reach Tyson and Utz.