US consumers will see a price increase across Hostess Brands’ portfolio, including Twinkies and Ding Dongs, as inflationary pressure has taken a toll on the company’s Q2 sales.
The Chicago-based star brand RXBar, led by Peter Rahal, has once again driven growth for Kellogg during its latest quarter, even though the company reported a 0.4% drop in overall organic net sales in Q2 to $3.16bn.
San Francisco Equity Partners (SFEP) has acquired a majority stake in the frozen Brazilian-style cheese bread company Brazi Bites for an undisclosed sum.
UK gluten-free baking mix startup MannaVida has rebranded itself as Davina Steel and is currently fundraising through external investors to purchase a bakery facility to produce finished products.
There is a huge gap between start-ups that launch innovative products and traditional companies who don’t, irrespective of company scale, according to Practical Innovation.
Use of egg white peptides is rising among global bakery and confectionery manufacturers because the animal-based protein is a rich source of bioactive peptides that can improve human health, according to Fact.MR research firm.
