Agrifood companies drew at least $26.1B in investments in 2020, report finds
AgFunder, a venture capital fund, found that all of last year’s investments in the space may be more than a third above those received in 2019.
Category: Food
How Unilever is turning sustainability into opportunity
The CPG giant is using upcycling, a big plant-based commitment and initiatives to curtail food waste to save money and the environment, says Hanneke Faber, the company’s president of foods & refreshment.
General Mills’ Epic debuts bar with beef raised through regenerative farming
The product, which will be sold exclusively at Whole Foods and online, carries a seal certifying it was made using farming techniques that help put carbon underground.
Moët Hennessy buys 50% stake in Jay-Z’s premium Champagne brand
The entertainer and businessman has been an owner of Armand de Brignac since 2006, which makes his ownership stake an “essential element of this alliance,” the luxury brands powerhouse said. Financial details were not disclosed.
Mosa Meat raises $10M to scale cell-based meat
The investment closes the Dutch company’s $85 million Series B round, which it says will help it scale up in order to bring slaughter-free hamburgers to European consumers in 2022.
General Mills CMO shares outlook on purpose, e-commerce and data as pandemic boosts sales
Ivan Pollard dished on how the company is connecting the physical and digital worlds, while stepping up initiatives into social justice.
Innovation post-pandemic will play on familiar trends, IRI says
Self and societal care, indulgence and frictionless shopping will continue to provide opportunities for brands to experiment and grow in 2021, the insights group found.
As more than half of consumers deal with food allergies, FARE looks to expand access to care
The leading advocacy and research group recently published a blueprint to make treatment more equitable among races, and started a community partnershipto explore this in New Jersey.
Coca-Cola looks to acquire controlling interest in BodyArmor sports drink
The soda giant first purchased a minority stake in the premium performance and hydration beverage, which now generates more than $1 billion in retail sales, in 2018.
Danone acquires plant-based pioneer Follow Your Heart
The maker of market-leading dairy-free cheeses, Vegenaise and a powdered vegan egg substitute will help the French company reach its goal of $5.7 billion in segment sales by 2025. Financial terms of the deal were not disclosed.
IFF looks to divest microbial controls and fruit processing businesses, Bloomberg reports
The ingredients mega-company said it will review its portfolio to pare down its businesses following the completion of its merger with DuPont Nutrition & Biosciences earlier this month.
Kalsec takes an all-natural approach to food trends
The family-owned producer of colors and ingredients has tapped into growing demand for plant-based and sustainable offerings.
Recent Comments