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Oat milk maker Oatly raised $1.4billion in an initial public offering Thursday  Shares opened at $17 apiece before quickly jumping 24 percent to $21 Oatly was founded by Swedish brothers  Rickard and Bjorn Oeste in 1994  In recent years it's experienced a meteoric rise with the message that it's healthier and more environmentally sustainable than cow's milk Last July, Oatly sold a 10 percent stake in the company for $200million to a group of investors led by Blackstone Group Among those investors are Oprah Winfrey, Natalie Portman, former Starbucks CEO Howard Schultz and Roc Nation, Jay-Z'...

  Oatly, the world's largest oat milk company, raised US$1.4 billion in an initial public offering Thursday on the Nasdaq stock exchange, capitalizing on a global surge in demand for its products. Oatly priced its shares at $17 apiece ahead of the IPO, giving the company a valuation of nearly $10 billion. It's trading under the ticker symbol "OTLY." When shares began trading Thursday, they jumped 24% to $21. It's the latest milestone in the rapid rise of oat milk, which is winning consumers ---- and famous investors like Oprah Winfrey ---- with the message that it's healthier and more en...

Dive Brief: Hormel's Jennie-O Turkey Store has launched a line of hybrid burgers made with a blend of white meat turkey, black beans, whole grain rice and pepitas. Jennie-O Turkey Burger Blends have 15 grams of protein and 5 grams of fiber per serving.& The frozen burgers have a suggested retail price of $6.99 to $7.99 and come in packages of four quarter-pound patties. Hormel launched the new burgers to target consumers' growing interest in adding more plant-based foods to their diets, according to a press release. A number of legacy meat producers have pivoted to provide more options to fle...

Chocolate Market Surges Past $27 Billion Amid Pandemic Trends of Snacking, Baking, and Extending Seasonal Celebrations News provided by Share this article Share this article ROCKVILLE, Md., May 6, 2021 /PRNewswire/ -- COVID-19 impacts on the U.S. chocolate industry were affected by trends for both health and indulgence, with many consumers turning to comfort foods and extended seasonal and holiday celebrations to cope with the disappointments of the pandemic. 2020 turned out to be a banner year for the market, with sales growth of 12% pushing chocolate sales to $27 billion, as reported by P...

Pet owners grappling with pet food shortage Owners struggling with pet food shortage FOX 26's Heather Sullivan has some smart sense on what you can do if you're struggling with the current pet food shortage. HOUSTON - Many pet owners say they've been scrambling to find some pet foods throughout the pandemic, especially for cats and dogs that need special diets.  Some pets are finicky eaters. Others have health problems and need special food. But a pet food shortage throughout the pandemic has been making some pet foods hard to find.  Dog trainer Manuel Golden hears from his clients at TyCal...