While some retailers are scaling back on stocking local brands, Kroger is going full force in the opposite direction, looking to up-and-coming, natural innovators for inspiration.
At a presentation to investors yesterday, Kerry Group CEO Edmond Scalon announced that the Irish global nutrition and food conglomerate had acquired Ganeden, an ingredient company focused primarily on gut health and probiotics.
This week private equity investment group VMG Partners announced the close of its fourth fund at $550 million, with another $150 million available in a flex-up vehicle. The capital, said VMG Managing Director Wayne Wu, will be invested in emerging, lower middle market companies producing consumable branded goods.
Today in a letter to suppliers, Matt Jimenez, global senior category manager for grocery at Whole Foods Market, announced his departure. Jimenez’s last day will be tomorrow, and he said he will take a few weeks off before “launching his next venture.”
Following the Friday announcement that e-commerce pioneer Amazon would be purchasing natural products retailer Whole Foods Market, there has been rampant discussion over what the merger means for the retailer and industry. In communications to team members, both through email and a “town hall meeting” at Whole Foods headquarters, some information has come to light.
In a deal that’s shaking the shopping experience for consumers, retailers, and food and beverage companies, Amazon’s scooping up of Whole Foods for $13.7 billion on Friday has hardened talk of large-scale disruption in the way consumers buy their groceries.
Longtime bottling and sales executive Chuck Muth announced his retirement from Coke in 2016, but apparently he couldn’t retire from Seth Goldman, his former boss at Honest Tea. The two are reuniting, this time around Beyond Meat, the plant-based protein brand where Goldman serves as executive chairman.
Originally a private label manufacturer of dairy-alternative milks, Good Karma developed its own branded CPG line in 2014 and expanded beyond beverages to yogurt in late 2016.
To give consumers what they want, and perhaps what they need, CPG collective Halen Brands has acquired plant-protein centric brand Only What You Need (OWYN). The brand debuted at Natural Products Expo West as part of Halen’s newly launched, allergen-friendly brand platform, Safe Allergen Friendly Environment (S.A.F.E.).
While Farmhouse most recently closed another round of funding in summer 2016, the brand decided to look for more capital to grow the company and increase the pace at which it scales.
Late last month Whole Foods Market took aim at a class of products who position themselves as “healthier” options due to their use of added functional ingredients.
Bone broth, cold soup, and HPP juices collided in the grab-and-go space today with the release of Bonafide Provisions’ “drinkable veggies” line, the first product to use bone broth as an ingredient in a cold, ready-to-drink beverage format.
Eighteen94 started discussions with Kuli Kuli last summer after seeing the brand present at an industry event.
Today entrepreneur and investor Zubin Mehta announced the launch of Born Wild Brands. Mehta most recently served as CEO at Nourish Snacks, a better-for-you snack company founded by TODAY’s Joy Bauer.