Globally recognized pastry chef and celebrated chocolatier Oded Brenner is back, and now doing “exactly what I want to be doing” with a new, cacao-focused brand platform called Blue Stripes.
Media company New Hope announced today that trade show Natural Products Expo West 2021 will be rescheduled, moving from March 2021 to May 24- 27 2021.
Pete Speranza, former business development principal at 301 Inc, General Mills’ venture arm, left the company on August 14 and will join venture firm Unovis as an operating partner.
The organization will start with three initiatives: a mentorship program, monthly community building events and a digital community on LinkedIn.
Last month Melissa Facchina, founder and CEO of outsourced operations firm Siddhi Ops, and the Finn Family, the backers of Martstar investments, announced the close of their first fund under the newly formed firm Siddhi Capital. Facchina will also partner with the father and son duo of Brian Finn (the former CEO of Credit Suisse USA) and Steven Finn to launch a special purpose acquisition company (SPAC) as well.
It’s the summer of special purpose acquisition companies (SPACs). Also known as blank check companies, SPACs have increasingly become appealing for the ability to quickly create category leaders and getting capital infusions into brands that need them. The past week has seen two such investment vehicles from industry experts.
As the assets of dairy conglomerate Dean Foods continued to be divided up following the company’s bankruptcy filing, plant-based dairy brand Good Karma announced today that it has repurchased the majority of the company once owned by Dean and also closed a “significant” amount of capital through new strategic partners.
U.S. Customs and Border Patrol (CBP) announced yesterday that it had collected a $575,000 fine from stevia producer Pure Circle USA, a division of PureCircle Limited, for importing sweetener that was made by prison labor in China.
This week Covet PR, a public relations firm focused on CPG and wellness, announced it had been acquired by digital marketing company Power Digital. The firm, which was founded by Sara Brooks in 2014, will now be known as the Covet Consumer Business Unit, with Brooks taking on the role of President.
On Thursday afternoon the National Association of Convenience Stores announced the cancellation of this year's edition of its annual trade show, which was to be held in Las Vegas in October.
Grocery delivery service Misfits Market announced yesterday the close of an $85 million round of capital led by Valor Equity Partners. Additional investors included Greenoaks Capital, Third Kind Venture Capital, and Sound Ventures.
Citing the “continued impact of the COVID-19 crisis on events and travel,” New Hope this afternoon cancelled Natural Products Expo East 2020, which was to be held September 23-26 in Philadelphia.
Nestlé Health Science (NHSc) announced yesterday that it had acquired the majority of collagen-focused function food and supplement brand Vital Proteins. The terms of the deal were not disclosed but Vital Proteins will remain a standalone entity and continue to operate out of its Chicago headquarters.
CrossFit saw several of its food and beverage brand partners end their affiliation with the fitness brand over the last 24 hours in response to a tweet by founder and CEO Greg Glassman about racism and public health.
