Month November 2023

Four winners named for fifth Real California Milk Excelerator

TRACY, CALIF. — Four winners were chosen at the fifth annual Real California Milk Excelerator Final Pitch Event. The event, created by the California Milk Advisory Board and VentureFuel in 2019, was created to find, fund and accelerate innovation in dairy-based…

Plant-based cheese dip expands in Whole Foods

SAN FRANCISCO — House Party, the maker of a plant-based spin on cheese dip, is expanding to additional Whole Foods Market stores following a successful launch in the Northern California region earlier this year. Available in mild and hot flavors, House…

Grains group sees risks in Guidelines simulation

WASHINGTON — Extreme care should be taken by the Dietary Guidelines Advisory Committee in its consideration of modifying quantities of grains within recommended dietary patterns, according to the Grains Foods Foundation. In a Nov. 15 letter to the Department of…

Deflation is coming, says Walmart’s McMillon

BENTONVILLE, ARK. — Food prices are finally falling. C. Douglas McMillon, president and chief executive officer at Walmart Inc., said he is expecting “a period of deflation in the months to come” in the United States, adding, “while that would put…

Target earnings up, food sales slip

MINNEAPOLIS — Net earnings soared 36% for Target Corp. in the third quarter ended Oct. 28 despite a drop in revenue. “On the bottom line, our third-quarter EPS of $2.10 was well above our expectations and more than 36% ahead…

GFI identifies untapped upcycling opportunities

WASHINGTON — Upcycling agricultural waste into food ingredients and alternative protein inputs will be necessary to help feed the world’s growing population, according to a new report from the Good Food Institute (GFI). The GFI analyzed the byproducts from the…

Subway hires new CFO | Food Business News

MIAMI — Subway has named Jeff Shepherd chief financial officer. In his new role, Mr. Shepherd will oversee Subway’s global finance organization as well as manage and optimize the brand’s global financial performance and information security. Mr. Shepherd will work…

Yelp users weigh in on 2024 food and beverage trends

SAN FRANCISCO — Yelp, the restaurant review hub, is looking back at 2023 to predict what trends may gain traction in 2024. Yelp users see cocktails, martinis, caviar, “girl dinners,” smoothies, and cold ramen noodles as all having potential. Consumers seeking…

Custom label manufacturer names new CEO

FAIRFIELD, NJ. — Premium Label & Packaging Solutions, a custom label manufacturer for the health, food, beauty, nutraceutical and aerospace industries, has named Chris Payne to chief executive officer and Leslie Gurland to vice president of sales and marketing. In their…

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