VENTURE CAPITAL POST

Food and snack powerhouses PepsiCo and Conagra Brands announced that they had lower-than-expected revenue and unit sales, citing consumers’ pushback on pricey food items.

Chinese authorities are reviewing an investigative report which alleged the practice of using fuel tankers to carry cooking oil, rocking the country into a major food safety scandal.

Upside Foods announced that they were letting go of 26 of its staff and restructuring its executive and leadership teams to delegate processes more directly to staff due to legislative, regulatory, and financial issues.

The Food and Drug Administration said that they have warned the Mexican-American bakery Bimbo Bakeries to stop using labels saying that their products may have potentially dangerous allergens when they contain none.

Australian Mexican restaurant chain Guzman y Gomez went public on June 20, 2024 at the Australian Stock Exchange and traded over 30% north of its IPO of A$22 ($14.67) per share.

Panera Bread recently announced that it was closing down its dough-making facility in Chandler, Arizona on Aug. 15, 2024, which also meant laying off all its 64 employees.

Independent grocer platform Storewise CEO Christopher Grec said that consumers have to know how to use their senses to indicate if food could still be consumed despite the expiry dates in the label.

The Food and Drug Administration issued a recall to over 800,000 cream cheese items from the Wisconsin-based Schreiber Foods after the company found that it might contain traces of salmonella in them.

Chipotle CEO Brian Niccol dismissed social media claims that the restaurant’s portion sizes have been shrinking due to inflation.

McDonald’s denied the allegations suggesting that its Big Mac meal has doubled since 2019, stressing that last summer’s $18 Big Mac meal in a Connecticut store was an ‘exception’ compared to the average Big Mac price of $5.29 in 2024.

Nestle announced that they would be launching its ‘Vital Pursuit’ food line by Q4 2024, which would target those using the semaglutide drugs Ozempic and Wegovy.

The price transparency law of California will take effect on July 1. Here's what you need to know.

Several stores are participating in Hawaii’s celebration of Teachers Appreciation Week, most of which will end on May 10.

Hungryroot revolutionizes food delivery with AI-driven precision portioning, reducing waste by 80%.

New Zealand Food Safety has updated its import regulations to handle frozen berries better to avoid another hepatitis A outbreak.