Beverage

Cultivated Biosciences Secures $5 Million in Seed Funding to Bring Alternative Dairy Products Closer to Dairy

Retrieved on: 
Wednesday, March 6, 2024

Cultivated Biosciences , a pioneering Swiss biotech food startup, is thrilled to announce the successful closing of its $5 million seed funding round.

Key Points: 
  • Cultivated Biosciences , a pioneering Swiss biotech food startup, is thrilled to announce the successful closing of its $5 million seed funding round.
  • Cultivated Biosciences offers a sustainable and healthy solution with its yeast-derived cream, a critical ingredient for mimicking the creaminess, functionality, and color of traditional dairy cream.
  • He stated, "This funding validates our innovative approach and enables us to introduce our revolutionary yeast cream to the market.
  • We aim to make alternative dairy products appealing to traditional dairy consumers, not just to reduce CO2 emissions from dairy production but also to tap into a multi-billion dollar market opportunity."

Superbrewed Food is the World’s First Company to Receive U.S. FDA No-Questions for Bacteria Biomass Protein and to Progress in Global Jurisdictions

Retrieved on: 
Wednesday, March 6, 2024

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240306922266/en/
    Superbrewed Food Postbiotic Cultured Protein and Beverage made with Postbiotic Cultured Protein.
  • GRAS is a designation created by the FDA under the Federal Food, Drug and Cosmetic Act.
  • Superbrewed has filed applications for market authorization of Postbiotic Cultured Protein as a “novel food” in the European Union, Great Britain and Canada.
  • Postbiotic Cultured Protein is over 85% protein, with a high content of essential and branched-chain amino acids.

Utz Brands, Inc. to Webcast Presentation at the BofA Securities 2024 Consumer & Retail Conference on March 12

Retrieved on: 
Wednesday, March 6, 2024

Utz Brands, Inc. (NYSE: UTZ), a leading U.S. manufacturer of branded salty snacks, plans to present at the BofA Securities 2024 Consumer & Retail Conference in Miami, FL, on March 12, 2024, at 11:20 a.m. ET.

Key Points: 

Utz Brands, Inc. (NYSE: UTZ), a leading U.S. manufacturer of branded salty snacks, plans to present at the BofA Securities 2024 Consumer & Retail Conference in Miami, FL, on March 12, 2024, at 11:20 a.m. ET.

United Natural Foods, Inc. Reports Second Quarter Fiscal 2024 Results

Retrieved on: 
Wednesday, March 6, 2024

Gross profit in the second quarter of fiscal 2024 was $1.0 billion, a decrease of $34 million, or 3.2%, compared to the second quarter of fiscal 2023.

Key Points: 
  • Gross profit in the second quarter of fiscal 2024 was $1.0 billion, a decrease of $34 million, or 3.2%, compared to the second quarter of fiscal 2023.
  • Operating expenses in the second quarter of fiscal 2024 were $1,010 million compared to $1,002 million in the second quarter of fiscal 2023.
  • Adjusted EPS was $0.07 for the second quarter of fiscal 2024 compared to $0.78 in the second quarter of fiscal 2023.
  • Adjusted EBITDA for the second quarter of fiscal 2024 was $128 million compared to $181 million for the second quarter of fiscal 2023.

BRC Inc. Reports Fourth Quarter 2023 Financial Results

Retrieved on: 
Wednesday, March 6, 2024

Fourth quarter 2023 revenue increased 27.8% to $119.7 million from $93.6 million in the fourth quarter of 2022.

Key Points: 
  • Fourth quarter 2023 revenue increased 27.8% to $119.7 million from $93.6 million in the fourth quarter of 2022.
  • Wholesale revenue increased 78.5% to $73.5 million in the fourth quarter of 2023 from $41.2 million in the fourth quarter of 2022.
  • Direct-to-Consumer ("DTC") revenue decreased 14.4% to $39.1 million in the fourth quarter of 2023 from $45.6 million during the fourth quarter of 2022.
  • Outpost revenue increased 3.9% to $7.1 million in the fourth quarter of 2023 from $6.8 million in the fourth quarter of 2022.

Material Wins Seven Awards in Local 2024 American Advertising Awards

Retrieved on: 
Wednesday, March 6, 2024

Material , a leading insights, marketing and technology company, is pleased to announce it received seven American Advertising Awards from the American Advertising Federation of Austin (AAF Austin), American Advertising Federation of New York City Metro (AAF New York City Metro) and American Advertising Federation of Philadelphia Metro (AAF Philadelphia Metro).

Key Points: 
  • Material , a leading insights, marketing and technology company, is pleased to announce it received seven American Advertising Awards from the American Advertising Federation of Austin (AAF Austin), American Advertising Federation of New York City Metro (AAF New York City Metro) and American Advertising Federation of Philadelphia Metro (AAF Philadelphia Metro).
  • “Winning seven American Advertising Awards underscores the impact our work has on our clients and their customers, affirming our commitment to push boundaries to elevate brands," said Jay Suhr, Material’s Senior Vice President, Creative.
  • "This is a testament to our team's dedication to using deep human understanding as a springboard to craft campaigns within a competitive landscape that resonate with audiences and drive business.”
    The American Advertising Awards recognize and celebrate outstanding creative work in the field of advertising.
  • It is the largest and one of the industry's most respected and comprehensive competitions, attracting over 55,000 local entries from across the nation.

Three Dog Brands, LLC Appoints Seasoned Executive Kristi Ross as New CEO

Retrieved on: 
Wednesday, March 6, 2024

Three Dog Brands, LLC (“TDB”), a Topspin Consumer Partners portfolio company, is thrilled to announce that Kristi Ross has been appointed as the company’s new Chief Executive Officer.

Key Points: 
  • Three Dog Brands, LLC (“TDB”), a Topspin Consumer Partners portfolio company, is thrilled to announce that Kristi Ross has been appointed as the company’s new Chief Executive Officer.
  • Kristi brings more than 25 years of leadership experience in pet care and consumer packaged goods.
  • Kristi was most recently the Chief Marketing Officer at Targeted PetCare, a private equity-backed pet platform, where she was responsible for marketing, e-commerce and new product development.
  • Kristi and Jerry’s expertise and knowledge will help take TDB to the next level of growth.

The Westin Maui Concludes $160 Million Transformation with the Debut of Kūkahi Tower

Retrieved on: 
Wednesday, March 6, 2024

The Westin Maui Resort & Spa, Kāʻanapali marks the completion of its multi-year, $160 million transformation with the complete renovation and rebranding of the Ocean Tower into Kūkahi Tower.

Key Points: 
  • The Westin Maui Resort & Spa, Kāʻanapali marks the completion of its multi-year, $160 million transformation with the complete renovation and rebranding of the Ocean Tower into Kūkahi Tower.
  • View the full release here: https://www.businesswire.com/news/home/20240306681061/en/
    The Westin Maui Resort & Spa, Kāʻanapali marks the completion of its multi-year, $160 million transformation with the complete renovation and rebranding of the Ocean Tower into Kūkahi Tower.
  • (Photo: Business Wire)
    “Our original tower, which once stood alone, has been renamed Kūkahi, which literally means ‘to stand alone’ or ‘stand upright’ in Hawaiian,” said Joshua Hargrove, general manager of the Westin Maui.
  • Each room features curated details like bespoke artwork, unique printed textiles and woven area rugs designed specifically for Kūkahi.

Lindt Wants You to Celebrate Easter at a GOLD BUNNY-Themed Beach Rental

Retrieved on: 
Wednesday, March 6, 2024

In celebration of Easter, Lindt & Sprüngli (USA) Inc. announced today their first-ever GOLD BUNNY-inspired property rental, coined the Lindt GOLD BUNNY Getaway .

Key Points: 
  • In celebration of Easter, Lindt & Sprüngli (USA) Inc. announced today their first-ever GOLD BUNNY-inspired property rental, coined the Lindt GOLD BUNNY Getaway .
  • View the full release here: https://www.businesswire.com/news/home/20240306613611/en/
    Enter Now for a Chance-to-Win a Magical Easter Weekend at the Lindt GOLD BUNNY Getaway.
  • New to the Lindt GOLD BUNNY line-up this year are two new filled GOLD BUNNY varieties: Double Milk and Crispy Hazelnuts.
  • The Lindt GOLD BUNNY Getaway beachside rental will be open for one weekend only: Easter weekend, March 29 – 31, 2024.

Hot Dog! The Kraft Heinz Not Company Launches First-Ever, Plant-Based Oscar Mayer Hot Dogs and Sausages

Retrieved on: 
Wednesday, March 6, 2024

Today, The Kraft Heinz Not Company LLC debuted NotHotDogs and NotSausages, the first ever plant-based Oscar Mayer offerings and the first plant-based meat innovation from the joint venture between The Kraft Heinz Company (Nasdaq: KHC) (“Kraft Heinz”) and TheNotCompany, Inc. (“NotCo”).

Key Points: 
  • Today, The Kraft Heinz Not Company LLC debuted NotHotDogs and NotSausages, the first ever plant-based Oscar Mayer offerings and the first plant-based meat innovation from the joint venture between The Kraft Heinz Company (Nasdaq: KHC) (“Kraft Heinz”) and TheNotCompany, Inc. (“NotCo”).
  • View the full release here: https://www.businesswire.com/news/home/20240306594561/en/
    The Kraft Heinz Not Company debuts Oscar Mayer NotHotDogs and NotSausages.
  • Looking to the year ahead, The Kraft Heinz Not Company plans to scale into additional categories and recently began its international expansion.
  • For more information and to stay up to date on all things Kraft Heinz, Oscar Mayer, and NotCo, follow along on Instagram ( @kraftheinz , @oscarmayer , @NotCoUS ) and TikTok ( @hereatkraftheinz , @oscarmayer , @NotCoUS ).