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.
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Simply Good Foods Company, the maker of meal kits, breads, pizzas, frozen foods, shakes, bars and other products under the Atkins brand, is buying Quest Nutrition for $1 billion. The pairing of Atkins and Quest will result in a nutritional snacking company with combined net sales of more than $800 million annually, the companies said.
The brand will include more than 2,000 items ranging from organic snacks to fresh salad mixes and frozen meals. Target expects Good & Gather to be a multibillion-dollar brand by the end of 2020.
“I don’t think eating highly processed foods is healthy. I think people thrive on eating whole foods,” says John Mackey.
JUST announced 2,100 Kroger-owned stores will sell its plant-based liquid eggs. According to IRI, the vegan liquid eggs are the second-best performing in the category.
A fungus that devastates banana plants has now arrived in Latin America, the Colombian government confirms.
How sugar became the “white gold” that fueled slavery — and an industry that continues to exploit black lives to this day.
The company is partnering with restaurant group Lettuce Entertain You and GrubHub to launch the delivery only restaurants that offers items that adhere to the diet.
After being sentenced, Randy Constant was found dead, apparently by suicide.
General Atlantic lead the round with participation from CPT Capital. Motif FoodWorks will use Ginkgo’s fermentation technology to provide food companies with ingredients for alternative protein product lines in the plant-based and meat alternatives space.
A look at how and why peas have become so popular
The plastic films CuanTec makes out of shellfish shells that are left over from seafood production is naturally antimicrobial and lets people keep using plastic wrap without worrying about plastic.
McDonald’s recently launched its first “McDonald’s to Go” restaurant in London. It has no seating areas and serves only takeout.