Mondelēz International’s corporate venture capital arm, SnackFutures Ventures, has taken a minority stake in Urban Legend, a “better-for-you” fresh doughnut and pastry business based in the UK. Founded in 2021 by scientist and entrepreneur Anthony Fletcher, Urban Legend uses a custom designed and patented air frying technology to reduce sugar, fat and calories by 30-75 […]
Category: Grocery News
Posted inMeat/Seafood/Poultry, Northeast
North Coast Seafoods Extends Kelp Partnership Through 2026
North Coast Seafoods has renewed its food supplier partnership with Boston Public Schools for the 2024-25 and 2025-26 school years, focusing on their locally-sourced Maine Kelp products. Following a successful pilot program, the renewal of the Maine Kelp Program through 2026 deepens the school district’s commitment to providing thousands of students in kindergarten through 12th grade […]
Posted inBakery News, Midwest
Platinum Equity and Butterfly Acquire Rise Baking Co.
Minneapolis, Minnesota-based Rise Baking Co. has been acquired by global investment firms Platinum Equity and Butterfly. Founded in 2013, Rise Baking Co. is a provider of cookies, pies, cakes, icings, muffins and crispy bars in North America to retail bakeries, foodservice operators and distributors. Rise will continue to operate under its current management team, led by CEO Brian […]
Posted inProduce News, National
Survey: Self-Checkout Presents Opportunities For Fresh Produce Sales
As self-checkout continues to shape the retail landscape, a recent consumer survey conducted by Fusion, a business-to-business marketing agency for fresh food, reveals insights into the behavior and preferences of today’s shoppers. With more than three-quarters of surveyed consumers regularly using self-checkout and 90 percent expressing satisfaction with the experience, the findings point to successes, […]
Posted inMeat/Seafood/Poultry, Midwest, Sustainability News
Niman Ranch Names 2024 Sustainable Farm Of The Year
Niman Ranch has recognized the Hundling family of Breda, Iowa, as the 2024 Sustainable Farm of the Year. This accolade honors the Hundlings for their land stewardship and ongoing commitment to the principles of regenerative agriculture. For Brice and Melanie Hundling, sustainability isn’t just a buzzword. Their multi-species, biodiverse farm is a model of sustainable […]
Posted inInternational Foods, National
PepsiCo To Acquire Siete Foods For $1.2B
PepsiCo Inc. has entered into a definitive agreement to acquire Garza Food Ventures, d.b.a. Siete Foods, for $1.2 billion. PepsiCo said the acquisition of the Mexican-American brand will complement its portfolio while growing its better-for-you food offerings. Founded in 2014, Siete produces authentic heritage-inspired tortillas, salsas, seasonings, sauces, cookies and snacks. Siete’s products can be […]
Posted inProduce News, Northeast
Giant Eagle Invests $25M To Lower Prices On Produce Items
Giant Eagle is implementing a 20 percent average price reduction on more than 200 produce items across its Giant Eagle and Market District locations, offering customers an estimated $25 million in annual savings. The New Low Price initiative will include many of the most popular items in the produce department as Giant Eagle aims to […]
Posted inPlant-Based News, Association News, Northeast
Plant Based World Expo North America Holds Successful Fifth Event In NYC
Plant Based World Expo North America held its fifth event Sept. 24-25 at the Javits Center in New York City, presenting the future of the industry to retail and foodservice professionals. The event highlighted the innovation and longevity of the plant-based sector, setting the stage for what’s next in food and beverage for key stakeholders. […]