Thursday, November 29, 2018

Kraft Acquires Primal Kitchen for $200M, Epic's Misleading Claims + More

Latest food tech and innovation news, jobs and events.
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beyond meat

FEATURED

Beyond Meat Files for IPO, Kraft Acquires Primal Kitchen for $200M + More (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=9a9705bc44&e=2715c96b29)
Our round-up of this week's top news.

Ora Organic's Data-Driven Growth Strategy (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=22caa7bbb7&e=2715c96b29)
CTO and Head of Growth Sebastian Bryers discusses the nutritional supplement startup's e-commerce strategy and plans for retail.
EVENT
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It's not easy being a food entrepreneur. There's no road map for reinventing an industry.
That's why we've teamed up with ForceBrands (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=8aa3da0fac&e=2715c96b29) to celebrate failure in all its glory at Fail Friday (on a Thursday). Join us to hear stories of failure and lessons learned from top food entrepreneurs Erin Patinkin of Ovenly (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=45d23e7d02&e=2715c96b29) and Start to Sale (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=346907eb93&e=2715c96b29) , Ben Conniff of Luke's Lobster (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=b5a15ae38c&e=2715c96b29) , Chitra Agrawal of Brooklyn Delhi (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=4122358762&e=2715c96b29) and Nicola Nice of Pomp & Whimsy (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=e1a7d61b77&e=2715c96b29) .

Join Us! (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=14f71ad81c&e=2715c96b29)

primal kitchen

CPG

Kraft to Acquire Paleo Darling Primal Kitchen for $200M (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=b6a05f177e&e=2715c96b29) - Bloomberg
Primal Kitchen has generated $50m in sales this year. The relatively small deal likely won't satisfy investors, who have been waiting for Kraft to pursue a transformative acquisition in the wake of its failed attempt to buy Unilever in 2017.

Bison Bars Were Supposed to Restore Native Communities and Grass-Based Ranches. Then Came Epic Provisions. (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=fb6d484677&e=2715c96b29) - New Food Economy
Tanka, a Native-owned business, invented the commercial bison bar. But Epic took credit, built an empire on a foundation of misleading claims, promised ranchers investment that never materialized and left an industry struggling in its wake.

Corvus Insurance Lands a Fresh $10M to Turn Sensor Data into Actionable Info For Its Food and Pharma Customers (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=9d0cd6c6a0&e=2715c96b29) - TechCrunch
Funding came from .406 Ventures and Hudson Structured, with participation from Bain Capital Ventures.

Barry Callebaut, Dutch Partners Launch Sustainable Mass-Market Chocolate (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=4d64502361&e=2715c96b29) - New York Times
The Swiss chocolate maker signed a partnership with Dutch No.1 retailer Albert Heijn to make its private label chocolate fully traceable from 2019, reflecting consumers' growing interest in ethical sourcing.

UK: Food Tech Business Raises £1.7M for Future Growth (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=1fac94a4d4&e=2715c96b29) - Business Leader
Guinness Asset Management has led a £1.7m investment for a minority stake in Pasta Evangelists, a startup delivering fresh Italian artisan pasta direct to consumers across the UK.

Peanut Butter Competition Hurts Smucker Shares (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=bb2d082971&e=2715c96b29) - Bloomberg
Jif sales in the US have been growing for two straight years, but the costs to make peanut butter are rising and the price it gets for each jar is on the decline, squeezing profitability on the sandwich-making staple.

How CPG Companies Should Adopt to "the New Consumer Experience" (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=4ff0706a0f&e=2715c96b29) - Just-Food
All that's historically been solid in CPG brand marketing is melting into air amid changes in consumer demand. Just-food's Victor Martino outlines how companies need to react.

carrefour

RETAIL

Carrefour to Launch Food Tracking Platform Built on Blockchain (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=9bd5e20b88&e=2715c96b29) - Crypto Crimson
The retailer has partnered with the IBM Food Trust platform and Coren to initially track its antibiotic-free Campero chicken.

How the "Dark Stores" Loopholes Helps Big-Box Retailers Evade Millions in Property Taxes (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=8342709e94&e=2715c96b29) - New Food Economy
Wisconsin voters just sent Governor-elect Tony Evers a clear message: End the practice that allows thriving Walmart supercenters to be taxed like shuttered stores.

How IoT and AI Reduce Food Waste (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=3120ca6937&e=2715c96b29) - Forbes
The Post-Harvest part of the supply chain is responsible for more than 17% waste of food. That means a lot of financial losses for producers and industry. IoT combined with AI give a promising solution.

As Amazon Lurks, Instacart Positions Itself As Grocery Stores' Best Friend (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=e7d8eecfb0&e=2715c96b29) - Digiday
The retailer is doing en masse what individual grocery chains aren't equipped to do on their own. It currently works with 300 retail partners counting 15k locations.

What Blockchain Has To Do with Turkey, Romaine Lettuce and Food Safety (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=dbd10f6f5a&e=2715c96b29) - Forbes
The ongoing Salmonella outbreak linked to turkey and E. coli outbreak linked to Romaine lettuce have highlighted the need for better ways of preventing and controlling foodborne illness outbreaks. Here is a way technology can help.

Ohio Hospital Opens Grocery Store (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=304adb5ad6&e=2715c96b29) - Supermarket News
ProMedica revitalizes neighborhood with Market on the Green grocery store and Ebeid Institute community programs.

mac'd

RESTAURANTS
MAC'D Is Rolling Out Eatsa's Automation Concept in Its Stores (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=07d253a55d&e=2715c96b29) - The Spoon
The fast casual chain plans to automate its customizable mac-n-cheese, allowing customers to choose their dishes at a kiosk and pick them up in designated cubbies.

Tock Raises $9.5M to Scale out its Reservations Platform (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=69f1f99cfb&e=2715c96b29) - The Spoon
Funding was led by Valor Equity Partners and Origin Ventures, bringing total raised to $19m.

The Founder of Panera Bread Explains the Economic Forces That Led to Trump (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=40a80433b3&e=2715c96b29) - The New Yorker
Ron Shaich has stepped down as the CEO of Panera to focus on a pet cause: warning the world about the danger of fixating on short-term profits at the cost of social stability.

NYC Politician Wants to Ban Cashless Restaurants (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=08ee55afc1&e=2715c96b29) - Eater
City Council Member Ritchie J Torres says the business model is classist and racist.

Labor Lawsuit Monthly: Pret a Manger and True Food Kitchen (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=1a915e7b8d&e=2715c96b29) - Skift Table
Pret A Manger settles its second wage theft lawsuit in four years, True Food Kitchen pays up for running its overworked staffers ragged, and an independent restaurant in New York City gets called out for alleged tip credit violations.

Chef Brit Reed Brings Political Activism, Indigenous Traditions to the Table (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=4ccebe6d2a&e=2715c96b29) - Civil Eats
The Choctaw chef's long journey of reconnecting with her roots is helping Native Americans protect and reclaim their foods.

farm

AGRICULTURE

US Farms Are Going Bankrupt at an Alarming Rate. Trump's Trade War Is Partially to Blame. (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=33e45b30b7&e=2715c96b29) - Vox
More than 80 farms in the upper Midwest have recently filed for bankruptcy.

US Lawmakers Seal Farm Bill Agreement in Principle (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=bafbdc8879&e=2715c96b29) - New York Times
The agreement caps months of bitter partisan debate over the legislation to fund $867b in food and agriculture programs.

We Don't Have Enough Organic Farms. Why Not? (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=43f5dcc999&e=2715c96b29) - National Geographic
Organic food sales in the US doubled over the last decade, but organic farming hasn't kept pace. That may change as farmers partner with brands.

What's Behind the Crippling Dairy Crisis? Family Farmers Speak Out. (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=447d6274ad&e=2715c96b29) - Civil Eats
In the Northeast, the dairy crisis is shuttering generations-old dairies. Can the crisis become a rallying political issue?

Estonia's eAgronom Raises €1M Seed Funding for Farm Management and ERP Software (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=7ad0105a96&e=2715c96b29) - AgFunder
Black Pearls, Trind Ventures, United Angels and TMT Investments took part in the round. The new funds will be used to improve the platform's agronomic and financial analysis modules that help calculate how agronomic decisions impact financial results.

Our Nation Needs to Accelerate Artificial Intelligence for Farm Tech (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=86ace59f2a&e=2715c96b29) - Des Moines Register
Emerging artificial intelligence farm tech, such as autonomous ATVs, smart wearable devices and drones, are helping advance the future of food.

Scientists Unveils Blueprint to Save Bees and Enrich Farmers (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=e4aad80bb0&e=2715c96b29) - The Guardian
Urgent planting of wildflowers will attract pollinators and boost farmers' food crops.

Maine Is Scaling Up its Local Grain Economy (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=0f8a921451&e=2715c96b29) - Civil Eats
Craft brewing, artisanal baking and innovative mills and malthouses are reviving the state's economic might.

Pets Go Gluten Free in Boon to Farmers With Excess Lentils and Peas (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=e254281499&e=2715c96b29) - Bloomberg
Canadian pulse growers and processors are turning to the pet food market as an emerging source of growth as swelling global prices weigh on prices and import tariffs crimp demand in India, the world's biggest consumer.

Could California's Ocean Ranches Solve a Global Food Shortage and Fix the Seafood Trade Deficit? (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=46ffc0dd34&e=2715c96b29) - The Washington Post
Catalina Sea Ranch is the first commercially viable aquaculture operation in federal waters. It is expanding to a planned 30 times its current size.

keyto

EATERS

Keyto Raises $2.5M, Launches Crowdfunding Campaign for Ketogenic Diet Device (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=f5618d39b9&e=2715c96b29) - The Spoon
The Keyto analyzer measures the amount of acetone you exhale and communicates that level to the Keyto app, which provides personalized food recommendations.

WhatsApp Is Changing the Way India Talks About Food (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=61d51819a3&e=2715c96b29) - New York Times
The application, blamed for all kinds of mayhem on the subcontinent, has proved a boon for farmers, home cooks and chefs who once lacked a way to share.

These Artists Are Creating Work That's About, and Made From, Food (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=19f42ceb0a&e=2715c96b29) - New York Times
For centuries, it's been both medium and topic; now, an emerging cohort is challenging what it means to play with the most essential material.

This Man Wants More People to Eat 'Vegan in the Hood' (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=a54582d0c1&e=2715c96b29) - NPR
Erick Castro's Instagram account is spreading the gospel of an affordable plant-based diet, especially to lower-income residents of New York. Now, he's got a vegan restaurant, too.

How Wellness Influencers Made Indian Food a Trend (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=0f2b7d57a6&e=2715c96b29) - Bon Appetit
The West's perception of Indian food has swung from gut-busting takeout to detox darling. But how did we get here?
https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=ee956bc4f2&e=2715c96b29

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Sustainable Seafood Initiative Manager at The Good Food Institute (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=5c57fe4001&e=2715c96b29) - Remote

Senior Associate (Market Director) at Essex Market (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=36ecb1d5c8&e=2715c96b29) - New York, NY

Sales & Operations Manager at Broth Baby (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=e169eaa98f&e=2715c96b29) - Oakland, CA

Bi-Lingual Community Manager at Lemontree (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=77073f4495&e=2715c96b29) - New York, NY

Business Development Specialist - Consumer Packaged Goods at Fair Trade USA (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=b6a2349fd0&e=2715c96b29) - Oakland, CA

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Farm Education Coordinator at The Hotchkiss School (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=b44a746311&e=2715c96b29) - Lakeville, CT

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