Top Feature
More Brainpower: IQBAR Expands Distribution
IQ Bar is allocating some of its brainpower to the retail shelf. Though the Boston-based brand has so far garnered half its business from e-commerce, it recently entered 1,000 Kroger stores, increasing its retail footprint to about 6,000 doors.
Dairy Giant Dean Foods Files for Bankruptcy
Texas-based Dean Foods, the largest milk processor in the U.S., has filed for Chapter 11 bankruptcy protection. The dairy producer announced yesterday it will use the process to “protect and support” ongoing business operations and address debt and pension obligations.
Banza Raises $20M to Focus on Food Service & Brand
Pasta brand Banza announced today the close of a $20 million round of funding co-led by Enlightened Hospitality Investments (the growth equity fund associated with restaurateur Danny Meyer’s Union Square Hospitality Group) and fund Prelude Growth Partners. When Banza launched in 2014, the concept of bean-based pasta alternatives was new and fairly untapped. Now, with plenty of companies also selling these offerings, Banza feels its time to focus on their brand and enter new channels.
Crunch and Go: Small Pickles and Packs Aim for Snacking Set
Pickle producers want people to peek past picnics, parties and paper plates. To freshen up the pickle set and appeal to busy consumers, companies are creating snack-size pickles in convenient packs, expanding usage occasions for the savory, low-calorie snack.
Butterfly Picks Up Orgain to Compliment Bolthouse
Los Angeles-based private equity firm Butterfly today announced its acquisition of a majority stake in “clean” protein brand Orgain. The deal is Butterfly’s fifth investment and second in beverage, following the purchase of fresh juice focused Bolthouse Farms earlier this year.
The Checkout: Plant-based Labeling Lawsuit Dropped, Kroger Rebrands
Plant-based labeling lawsuit dropped, Kroger rebrands, Tofurky Christmas sweaters and more in this week’s Checkout.
Earnings Calls Recap: Plant-based and Protein Fuel Big CPG
In outlining plans to build around better-for-you and plant-based products during recent quarterly earnings calls, several prominent CPG brands signaled they expect both trends to continue gaining steam.
What is Meat? New Bill Aims to Define It
Last week Rep. Anthony Brindisi (D-NY) and Rep. Roger Marshall (R-KS.) proposed the Real Marketing Edible Artificials Truthfully Act (Real MEAT Act) to Congress, which would establish strict guidelines against labeling alternative proteins as “meat.” Although the meat versus plant-based battle isn’t new, up until now, legal action on the matter has happened only at the state level — this is the first federal bill addressing the subject.
Good Day Expands Into CBD on the Heels of Investment & Expansion
Functional food brand Good Day Chocolate announced last week it would be entering the CBD fray with the launch of three new CBD-enhanced chocolate bites. The launch follows the close of $3 million in investment this summer and the addition of a new Chief Growth Officer with experience in the segment.
Better-for-You Ramen: Mike’s Mighty Good Expands
For Mike’s Mighty Good, the goal has always been simple: consumers deserve instant soup options that are closer to restaurant quality. Inspired by the uptick in ramen restaurants, Mike’s set out to bring a similar experience and taste profile to busy consumers. Since launching in 2017, shoppers seem to have spoken (or slurped): the brand is in over 9,000 stores, including a recent entry into 3,000 CVS locations.


