Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines.
Check out our weekly round-up of last week’s top food startup, tech and innovation news below or peruse the full newsletter here.
The deal would help them combine forces and take on more scale to compete better with Uber Eats and Amazon-backed Deliveroo.
The firm plans to lead or co-lead Series A and Series B rounds in plant-based food technology companies with check size ranging between $4 million to $8 million dollars.
The ex-COO of Walmart.com is employing new strategies to turn around the e-commerce startups money-bleeding operations.
Shares of the company’s stock have risen 775 percent in the last three months, though analysts predict a bust to come.
Amazon is reportedly in talks with Uber to buy out the Uber Eats India business. It is also working with Catamaran to get its food delivery service off the ground.
Tim Hortons is testing JUST Egg at locations in Canada, marking the first fast-food deal for the plant-based egg.
Impossible is partnering with major food producer OSI Group to increase its production capacity. The company received approval from the FDA and is targeting a September retail release.
Will Guidara and Daniel Humm, whose restaurant group includes the world-famous Manhattan destination, are splitting up in a major divorce for the industry.
The company is buying 26% of Natural Food International for $131m as it seeks to capitalize on the global health food craze.
The market for all legalized cannabis, including CBD, is expected to quintuple from $8 billion in 2018 to $41 billion by 2025, according to new data from Nielsen.
Instead of Whole Foods being the answer to the tech behemoth’s grocery ambitions, it seems to have encouraged executives to pursue other ideas, too.
The administration failed to include its analysis of how many schoolchildren would be affected by food stamp changes in its formal proposal, according to a lawmaker who was briefed on the figures.
Over $1.45B was invested across 247 deals in 2018, according to the research in our second annual investment report produced in partnership with Ryan Willams. Check out the report for a deep dive into the investor and investment trends. We also share a complete list of deals and acquisitions.
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