News – Page 3
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Beyond Meat shares rally as vegan brand plots higher prices and better margins
Shares in Beyond Meat have shot up by 45% as the plant-based foods group signalled a move to raise its prices and highlighted improving margins as a result of cost cutting
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Vegan Food Group acquires Germany’s TofuTown
TofuTown generates annual revenues of €60m (£51m) and makes all-natural, organic tofu, plant-based spreads and meat alternatives in one of Europe’s largest vegan factories
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Candy Kittens launches £1m digital campaign starring Jamie Laing
The social media campaign will span YouTube, Instagram, Facebook and TikTok
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Vegetarian Express to scale faster thanks to £15m NVM Private Equity investment
Plant-based ingredients supplier Vegetarian Express has secured a £15m investment in return for a controlling stake in the business from NVM Private Equity
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Oatly launches organic variant of barista oat milk
The oat milk giant said the product had been designed to answer growing demand for an organic option
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Vegan sweets startup Tasty Mates secures £60k on Dragons’ Den
Founders Joe Woolf and Nick Sunshine will use the funds for inventory and a brand refresh
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This preps crowdfunding campaign ahead of move to profitability
This is returning to the crowd for the final time ahead of a major funding round planned for later this year as it seeks to continuing supercharging growth and move into profitability
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Shoppers fear ultra-processed foods bad for their health
More than two-thirds of consumers believe ultra-processed foods contribute to obesity
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Applewood reformulates recipe for its vegan cheese line
The brand has altered the recipe to have a creamier taste and texture
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Plant-based brands ‘in the dark’ on potential labelling rule changes
The guidance is expected to enforce tighter controls on branding and labelling on plant-based dairy alternatives
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Heura raises £34m in series B round to fund ‘new chapter’ in plant-based foods
European plant-based brand Heura has closed its long-running series B funding round, raising €40m (£34.2m) in total as it seeks to turn rapid growth into profitability
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Oatly highlights controversial ‘mis-steps’ in new Irish ad campaign
The brand had its advertising campaign “It’s Like Milk But Made For Humans” in Ireland and Northern Ireland banned by the Advertising Standards Authority of Ireland
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Compleat Food Group acquires SK Foods and Zorba Foods
The two businesses specialise in private-label chilled party foods, dips and deli fillings, and have a combined turnover of more than £160m, with in excess of 1,150 employees
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Trek teams up with Biscoff to launch co-branded protein bar
The bar contains soya protein isolate and a ‘generous layer’ of Biscoff spread, coated in vegan chocolate
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Shoppers cut back on cheeseboard staples in run-up to Christmas 2023
AHDB said there were indications of shoppers cutting back in some areas perhaps perceived as non-essential
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This appoints former Ella’s Kitchen boss Mark Cuddigan as CEO
The move will allow This founders Andy Shovel and Pete Sharman to step back
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The Coconut Collab closes £1.5m funding round
The brand will use the funds to accelerate growth, primarily focusing on the UK and Europe, and establish a more mainstream presence
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Manilife extends into almond butter with crunchy and smooth duo
The two spreads are the first SKUs Manilife has launched in Tesco
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Infinite Roots closes £46m round to build a ‘more sustainable and healthy food system’
Biotech firm Infinite Roots has closed a $58m (£45.5m) series B funding round as the business looks commercialise its technology and kickstart product launches worldwide
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Urban Greens turns a new leaf with fourth London opening
The expansion follows the success of existing branches in St James’s Park, Canary Wharf and St Paul’s