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.
Plant-based dairy has made headlines this week. Chobani, America’s top seller of yogurt, is debuting a product line dedicated to oats. Ellen Degeneres and Portia de Rossi have invested an undisclosed sum to Miyoko’s as the brand prepares to release new vegan cheeses and butters.
In retail news, Kroger has partnered with Berlin-based startup, Infarm, to launch in-store farms at its Seattle locations. It plans to roll out 13 more by March of next year. Meanwhile, Amazon has announced plans to open cashierless grocery stores next year.
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Amazon is preparing to open Amazon Go supermarkets and popup stores, an expansion of the company’s cashierless ambitions that includes the possibility of licensing the technology to other retailers.
The top seller of yogurt in America is plowing into plant-based foods. Fast Company has an exclusive look at the germination of the Chobani Oat line, launching in January.
Kroger’s deal with German startup Infarm includes two Seattle-area stores with plans for 13 more to come online by March of next year. While this is Infarm’s first stateside venture, it has more than 500 farms at more than 25 retailers internationally.
The couple’s investment will help support the brand as it prepares to release new vegan cheeses and butters. Financial terms were undisclosed. Miyoko’s also said it would partner with California farmers who want to transition from milking cows to growing crops for creating vegan alternatives to milk, cheese and yogurt.
With new details emerging about Amazon’s confirmed launch of a brick-and-mortar grocery in a Los Angeles suburb, experts weigh in on how the forthcoming chain might unsettle established retailers.
Better management could lead the ocean to provide six times more food than it does today and furnish two-thirds of the animal protein required to feed the global population of 2050.
Two years after Bumble Bee Foods pleaded guilty to price-fixing, the canned tuna producer is in talks with seafood industry peer FCF Fishery to buy it during a bankruptcy reorganization.
Seven former employees told Business Insider that Plenty’s leadership repeatedly touted expectations for the company that did not materialize during their time at Plenty. Four of the people said they felt unsafe at work on more than one occasion.
Investment was led by Founders Fund. The startup aims to move users off medicated sleep aids, using a combination of traditional herbal supplements and improvements to sleep hygiene.
The startup has raised $5.6m from investors including Alexis Ohanian of Initialized Capital, Will Smith, Nas, Brand Foundry, and others. It plans to start selling its first products in January.
A new study reveals the gut has a more direct connection to the brain through a neural circuit that allows it to transmit signals in mere seconds. The findings could lead to new treatments for obesity, eating disorders, depression and autism.
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.