Aldi is spending $1.6 billion to go after Whole Foods and Sprouts. The chain also saw 54% growth in its organic private-label brand, SimplyNature.
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Aldi is spending $1.6 billion to go after Whole Foods and Sprouts. The chain also saw 54% growth in its organic private-label brand, SimplyNature.
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The venture capital arm of General Mills, 301 Inc., led a $6 million round in organic kale chip company Rhythm Superfoods. The Austin-based producer of organic snacks is on track to do $20 million in revenues this year.
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Entrepreneur Kimbal Musk and Chef Dan Barber clashed over the direction of food — one that requires soil and one that doesn’t.
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After a year of waiting, consumers will now be able to purchase an organic version of the well-known sports drink Gatorade. Expect plenty of sugar, however.
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NYC-based hedge fund Tourbillon pushes for sale of publicly-traded, organic food company SunOpta, and the stock subsequently jumps 26%.
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