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March 3, 2021
Investing in the Future of Food: Manna Tree investors seek emerging brands focused on human health As the ongoing pandemic accelerates consumer interest in the role of nutrition in wellness and underscores the supply chain’s fragility, the investors at Manna Tree Partners are looking for at least three growth stage companies that are revolutionizing the production, delivery and consumption of food to support human health. With $235 million in assets under its mana...
March 3, 2021
Danone splits chairman and CEO functions, begins recruitment process for new CEO Danones Board of Directors has confirmed a proposal from current chairman and CEO, Emmanuel Faber, to separate the functions of chairman and CEO in the near future, and has begun looking for a new CEO. Danone said it has launched the recruitment process for a new CEO, and once complete, Faber will focus on his role as non-executive Chairman. In the meantime, Faber will continue as chairm...
March 2, 2021
Subscribe Gotham Greens goes west to unlock next growth chapter: ‘The indoor environment is relatively unexplored but offers fantastic opportunities’ By Mary Ellen Shoup Using funding from its recent $87m Series D capital raise, indoor agriculture company Gotham Greens has expanded operations to Northern California – its first West Coast greenhouse location – opening a 10-acre facility, which will bring its total an...
March 2, 2021
Consumer Brands Association marks first anniversary with growth, renewed industry trust, on point agenda A sharp increase in the Consumer Brands Association’s membership in 2020 underscores how the trade group’s “pro-consumer, pro-growth agenda” is helping it regain the trust and support of the CPG industry, including some companies that left the organization while it was under different leadership as the Grocery Manufacturers Association. In the year since t...
March 1, 2021
In Australia, the practice of introducing peanuts into an infant’s diet early on (before 12 months of age) has increased more than 3x in 2019 compared to 2007-2011 data, according to research led by the Murdoch Childrens Research Institute (MCRI) in Australia and presented at the American Academy of Allergy, Asthma & Immunology Virtual Annual Meeting. Australian infant feeding guidelines were updated in 2016 to recommend introducing peanuts before 12 months for all...
February 23, 2021
Forward Greens CEO: We are getting ready to massively expand in the next few months Pacific Northwest hydroponic vertical farming startup Forward Greens is deploying what CEO and founder Ken Kaneko believes is an easy to replicate, scalable, and financially sustainable business model for the booming indoor vertical farming industry. Fortune Business Insights estimates that the global vertical farming market will be worth $12bn by 2028, growing at a compound annual g...
February 23, 2021
Less than a year after taking the helm at Clif Bar & Co., new CEO Sally Grimes is spearheading the company’s first transformation in 30 years with an ambitious goal to double its business to $2 billion and double its positive impact on the world. To do this the company is embracing a new structure that will allow it to more quickly identify and meet the evolving needs of consumers and appeal to a broader shopper base with timely, innovative launches in new categor...
February 22, 2021
Hormel Foods appoints new VP of grocery to lead Planters acquisition deal Hormel Foods Corporation has added appointed a new VP of grocery products to lead the integration of Planters and Corn Nuts into its brand portfolio. The company appointed Jeff Frank, who currently serves as VP marketing for Hormel Foods foodservice business, as VP of it grocery products. In his new role, Frank will lead the strategic integration of the Planters and Corn Nuts brands in...
February 19, 2021
Walmart generated a record $152.1bn in sales, an increase of $10.4bn or +7.3%, in Q4 (13 weeks ended Jan. 29, 2021). Looking towards FY22, the retailer said it will be investing heavily in its “next generation business model” to fuel further growth.
February 18, 2021
Founders of Harmless Harvest, Justin Guilbert and Douglas Riboud, are aiming to take the success and consumer demand they built for sustainable and ethically-produced coconut water, and apply it to the salty snacks category with a brand of upcycled, crispy wild salmon skins called Goodfish. Guilbert and Riboud always had the ambition of creating a consumable product using a sustainable seafood source but had Harmless Harvest – a brand of coconut water which to thi...