Archives for February 4, 2021

Could Kroger’s shuttering of 2 stores in response to mandated pandemic pay portend more closures?

Kroger’s decision this week to shutter two Southern California grocery stores in response to a local ordinance mandating a temporary hazard pay increase for some grocery employees during the pandemic could portend similar action by other retailers in an...

Animal-free dairy ice cream Brave Robot secures listings in 5,000 stores

‘Animal-free dairy’ ice cream brand Brave Robot – which launched in July 2020 - will be in 5,000 stores across the US by Earth Day 2021 (April 22), says brand owner The Urgent Company.

Tovala, the smart oven meal service with Peloton-like retention rates, raises $30m in Series C funding

Tovala – a meal service paired with a multi-function smart oven – has closed a $30m in Series C funding led by New York-based investment group, Left Lane Capital, bringing the company’s funding total to over $50m.

Jellatech carves novel path in alt protein market with animal-free, cell-based collagen, gelatin

Right now, you can extract collagen proteins from animal skin, bones, and connective tissue, or you can produce them via microbial fermentation, without slaughtering animals (engineering bacteria to produce the target proteins). But there’s also a third...

Startup SNACK Brand strives to woo consumers back to spirulina with new clusters, powder

Despite spirulina's “superfood” status, its popularity has been dampened by its dark green color, reputation for tasting like the sea and sometimes overwhelming bioavailability, but the co-founders of SNACK Brand Inc. hope to introduce to modern...

Financial results

Hershey 4Q results surpass market expectations with 2021 profit forecast

The Hershey Company announced net sales and earnings for the fourth quarter and full year ended December 31, 2020.