This is just more evidence that Big Food sees the organic industry as a solution to its broken business model, and acquisitions will not stop anytime soon.
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This is just more evidence that Big Food sees the organic industry as a solution to its broken business model, and acquisitions will not stop anytime soon.
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An excellent and fascinating recap of the panel discussion that took place at the Fancy Food Show, which included experts from Whole Foods, Walmart, Peapod and others.
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An interesting look at the complexities and intricacies of the global organic spice market.
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With an emphasis on organic, natural and gluten-free, the grocery section for Target is becoming a real priority for the company.
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Suppliers of organic grains have been very strategic and aggressive about planning for the surge in demand for organic grains. However, supply issues could be restraining growth from being even higher.
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In its most recent quarterly report, the natural and organic segment delivered strong numbers again for General Mills. No surprise at all.
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Growing 3.4% from the previous year, the number of American homes that buy organic items continues to be incredibly high. Interestingly, North Dakota had the highest percentage of any state in the U.S.
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Target has just launched an accelerator program called Target Takeoff and is seeking food and wellness companies that have raised less than $3 million. Applications are due by February 28th.
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Private equity firm San Francisco Equity Partners has taken a majority stake in Red Monkey Foods, a leading provider of organic spices and seasonings. Red Monkey Foods was named by Inc. 500 as one of “America’s Fastest Growing Private Companies.”
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Hain Celestial has just agreed to a joint venture with India-based Future Group and intends to market its natural & organic products in that country. Expect to see brands such as Terra, Garden of Eatin’, Sensible Portions, Dream and Earth’s Best in India sometime soon.
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Kuli Kuli, which sells organic moringa powder, drinks and bars, just completed a $4.25M Series A led by eighteen94 captial, the VC arm of Kellogg. Congrats to my friend and CEO/Founder Lisa Curtis on this financing.
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Organic cottage cheese company Good Culture has raised an additional $3M in funding, with participation this time from the Eisner family, along with previous investors CAVU Venture Partners and 301 Inc., the VC arm of General Mills.
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In acquisition news this week, Kashi looks to expand its presence in the energy bar category by taking our Pure Organic.
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