Posts by Carol Ortenberg
This week gluten-free, paleo baked good brand Mikey’s announced a $5 million investment from Factory LLC, an investment group that the brand’s founder, Mike Tierney, met in March while at Expo West.
The baby food world is about to experience a huge growth spurt. Today former Annie’s Homegrown CEO John Foraker and actress Jennifer Garner announced they are joining baby food brand Once Upon a Farm as co-founders and investors. Foraker will also assume the role of CEO and Garner will act as Chief Brand Officer.
In recent studies, research firm Nielsen looked at lunchtime and snacking trends to find what shoppers are purchasing for their family’s lunchboxes and why. Nielsen found that along with healthier options, products with natural and organic claims are posting double digit growth.
Hot off of a $25 million investment from Smithfield Foods, this week meal kit marketplace Chef’d announced a partnership with West Coast retailer Gelson’s to bring 12 of the company’s ready to cook meals into stores.
To help their brands navigate retail’s changing landscape, several food companies are looking to new team members to the lead the way. Here’s some of the newest additions to several food and retail teams.
Yesterday, Fenwick Brands, a CPG investor and operator, announced the closing of a round of investment in HannahMax Cookie Chips. Previous investor Alliance Consumer Growth also took part in the round; the dollar amount of the round was not disclosed.
It seems that summer vacation doesn’t apply to the CPG industry, which has seen a flood of capital raises and acquisitions. Here’s a look at some the deals of the past few weeks.
Last week, produce-centric brand Veggie Noodle Co. announced a minority investment from Encore Consumer Capital. Today, the Austin, Texas-based company released more details surrounding the deal, which was revealed to be a $14 million investment closed in May.
Earlier this morning, Whole Foods Market shareholders voted to advance the proposal for e-commerce pioneer Amazon to acquire the natural and organic grocer. While the business community was eagerly awaiting the merger’s approval, consumers are just as excited for what this union may bring to their pantry shelves, according to market research firm GfK.
Boulder, Colorado-based venture capital group Range Light is ready to climb to new heights under a new moniker, Ridgeline Ventures.