The Private Shares Fund’s Post

🌱 Insights & Opportunities at Platingo! 🌱 Following a valuable meeting with the New York State Farmers Market Federation, we're learning more about where Platingo can make the biggest impact in New York. While farmers selling directly at markets may not benefit from a delivery platform, the Federation pointed us toward new directions – highlighting how restaurants and wholesale traders could find real value in what Platingo offers. 🍴📦 Next steps? Reaching out to traders at the GrowNYC Wholesale Market and potentially placing an ad in their newsletter to share how Platingo can simplify regional deliveries for local businesses. 🚚 We’re excited to connect with new partners in the community and continue refining Platingo based on real feedback. As always, our focus is on helping producers, wholesalers, and food service providers thrive together! Stay tuned for updates! 💼👩🌾 #Platingo #RegionalDelivery #LocalProduce #WholesaleMarket #SupplyChain

Check out the last news from #Platingo

🔄 **Campbell Soup Company to Rebrand as The Campbell's Company** 🔄 In a bold move to better reflect its expanding product line, Campbell Soup Company is planning to change its name to The Campbell's Company. This rebranding initiative, announced by CEO Mark Clouse, is set to be voted on by investors at the company’s annual meeting in November. As Campbell’s diversifies beyond its iconic canned soup to include sauces, snacks, and beverages, the new name aims to encompass its broader portfolio. Campbell's recent acquisitions, including Rao’s sauces maker Sovos Brands, underscore its strategic shift. “We will always love soup, and we’ll never take our eye off of this critical business,” said Mr. Clouse. “But today, we’re so much more than soup.” Beyond soup, Campbell's product lineup includes Goldfish crackers, Cape Cod crisps, V8 beverages, and Prego sauces. While canned soup remains a cornerstone, Campbell’s is focusing on growth from its diverse offerings, particularly its Goldfish crackers, which are expected to become a major brand by 2027. The company estimates a net sales increase of 9% to 11% for its 2025 fiscal year. Campbell's remains a pioneer in the industry, having introduced canned soup over a century ago, famously featured in Andy Warhol's pop art. Despite the name change, the company remains committed to its roots in soup while embracing its evolving market presence. https://lnkd.in/gKv7j65b #Rebranding #CampbellSoup #BusinessStrategy #FoodIndustry #Growth #Innovation #InvestorNews #CorporateStrategy

📉 Quorn Faces Tough Year with £63m Loss 2023 has been challenging for Marlow Foods, behind the popular Quorn brand, with a 6.9% revenue drop and a pre-tax loss of £63 million. Despite high inflation and interest rates, Marlow Foods increased its UK market share by 0.6%. Quorn and Cauldron now represent nearly a third of the UK's meat-free category value, showing resilience. CEO Marco Bertacca noted efforts to control costs and maintain affordability. Looking ahead, Marlow Foods is investing in product innovation, with a new snacking range set for June 2024, focusing on improved products and sustainability. #FoodIndustry #Sustainability #Innovation

It was great to chat with Jesse Newman at The Wall Street Journal about this article as she researched it. She did a great job digging in to a world all of us in #naturalcpg live in every day. My quote starts the thread about the need for distributors to make ‘inside income’ to seek profitability. It’s just the ‘nature’ of the business, but it’s my further take that this ‘nature’ need not be so. It’s a legacy of a now distant past when there were many more distributors and many more retailers, all attempting to compete in a brutally competitive grocery arena at every level - manufacturer, distributor, retailer, and services agencies. As both retailers and distributors consolidated, there was no industry-wide attempt to evolve the old structures and agreements to accomodate the new reality. So we have what we have. Is there a ‘new way’ possible? Probably - but it will take a lot of ‘truth telling’ and industry level cooperation and leadership to navigate. I’m not hopeful, not because the industry isn’t full of amazing, committed people (it is), but because we’re all so busy swallowing from the firehose of everyday business challenges to step back and find a path together to a more functional, more fair, and more transparent future. #naturalfoods #cpg #grocery

A Clairvest Group Inc. fund made a minority equity investment in Redstone Food Group, a commercial bakery of bread and bakery products, focused on the in-store bakery segment. It’s Clairvest’s second investment in the food & beverage co-packing/private label manufacturing area. #ClairvestGroup #minorityequityinvestment #equityinvestment #redstonefoodgroup #commercialbakery #bakeryproducts #instorebakery #foodprocessing #foodnews #privatelabel #privatelabelmanufacturing https://lnkd.in/ecDEzyMc

Furlani Foods has agreed to acquire Cole's Quality Foods, Inc. in a transaction that would bring together two leading brands in the garlic bread category. The acquisition is expected to close in the first quarter of 2025. https://ow.ly/Am7z50Uqc4x #foodindustry

Contract manufacturer Hearthside Food Solutions is shoring up its finances as parent company H-Food Holdings LLC has filed for Chapter 11 bankruptcy protection.  The company seeks approval of $300 million of debtor-in-possession financing to support operations as it goes through the process. “With a sustainable capital structure and a significant infusion of new capital to fund our long-term plan, we will be well-equipped to enhance our leadership in the food manufacturing industry as we drive continued innovation and growth," Hearthside CEO Darlene Nicosia said. Get the story from Keith Nunes on BakingBusiness. Milling & Baking News Hearthside Food Solutions Keith Nunes

Unlocking Opportunities: Nash Advisory guided Crackerjack Foods, a leading player in frozen potato snacks, through a transformative journey. Learn how the Nash team, Paul Nemets and Jack Geason’s strategic insights and industry connections paved the way for a successful sale to Lamb Weston. Full article below

Furlani Foods has signed a definitive agreement to acquire Cole's Quality Foods, Inc., joining two brands in the garlic bread category. #acquisition #frozenfoods