Sept. 30 - Private label losing ground to name brands | Perfect Day raises $350M, announces cream cheese
Perfect Day raises $350M and announces animal-free cream cheese; Coca-Cola scores highest on sustainable packaging, but most CPGs fall short, report says; Sovos Brands' CEO finds success in embracing 'one-of-a-kind' disruptive products; Nestlé, Campbell Soup 'highly exposed' to climate risks, investor group warns
Supply chain challenges and consumers flush with cash have benefited national offerings, but inflation and the end of government aid programs could soon help store brands.
The proceeds from the round, tied for the largest single fundraising in the alternative protein space this year, will go toward science, innovation, product development and helping other startups scale.
The food giants were among 50 large companies most at physical risk to droughts, wildfires, floods and other environmental dangers, according to a report by the Institutional Investors Group on Climate Change.
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