May 26 - Bowery Farming raises $300M | Organic food sales hit record $56.4B
Organic food sales hit record $56.4B in 2020; Diageo launches DEI initiative to boost Black community in spirits industry; Kodiak Cakes purchased by private equity firm L Catterton; General Mills shuffles execs as part of restructuring
Investors have poured hundreds of millions of dollars into indoor agriculture as demand for freshly grown, locally produced offerings has soared among consumers.
Data shows that the hard won gains of sustainability programmes led by food and beverage companies stand to be reversed in a downward spiral of economic uncertainty, low productivity and food insecurity, unless action is taken.
The pancake and waffle manufacturer is the latest small company to get acquired in recent months as investors cash in on the growth of better-for-you food offerings.
At least five high-profile moves have happened as part of the company's Accelerate strategy for growth, with two new executive positions created and at least two eliminated.
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