5@5: Blue Hill co-owner launches $30M food investment fund | Ex-Whole Foods CEO: Amazon acquisition was best way forward

Each day at 5 p.m. we collect the five top food and supplement headlines of the day, making it easy for you to catch up on today's most important natural products industry news.

January 25, 2018

2 Min Read
5@5: Blue Hill co-owner launches $30M food investment fund | Ex-Whole Foods CEO: Amazon acquisition was best way forward

Investing in tech for hospitality and food, Almanac investments raises $30M

David Barber, a co-owner of the famed Blue Hill farm and restaurant with his brother Dan, has been an angel investor in sustainable food companies for years, but now he’s scaling those efforts with Almanac Investments. The new $30 million investment fund will target products and services that support the food and hospitality industries, with a focus on CPG products that are intentional about their supply chains, as fast-casual retail technology. Already it’s invested in three companies, including broth and soup brand Nona Lim. Read more at TechCrunch...


Walter Robb was Whole Foods’ co-CEO. He thinks the Amazon deal was right.

Walter Robb, who has been investing in food companies since his departure from Whole Foods Market at the end of 2016, says the retail powerhouse he helped build made the right call in selling to Amazon as it faced pressure from investors. “I'm extremely proud of the whole Whole Foods team and .... what we accomplished,” he told the American-Statesman. “The real question is: Where is this all going? I have every confidence in the Whole Foods team to do a stellar job.” Read more at 512tech…


Organic industry leaders issue updated guidance on organic dietary supplements

The American Herbal Products Association, the Organic Trade Association and Quality Assurance International Inc. have released a revised guide to formulating and marketing organic supplements. It describes the types of supplements that are eligible for organic certification and provides an overview of regulatory requirements. Read more at AHPA…


ADM-Bunge deal would create Cargill-sized agribusiness giant

Is there more ag consolidation in the works? It appears so as rumors spread that ingredient and food processing company Archer-Daniels-Midland Co. is in talks to acquire Bunge. Together, they would create a company with revenue nearing that of Cargill, the largest agricultural company. Read more at Chicago Tribune…


Davos 2018: Technology can help transform our food systems—just in time

Technology is changing the way food is both produced and consumed. And while we often talk about a boom in investment in food startups, those innovative companies are still attracting just a fraction of the capital being invested in the health sector, according to a new World Economic Forum report launched this week in Davos. The report highlights 12 technologies with the potential to drive progress in the sustainability, inclusivity and efficiency of food systems, including alternative proteins and personalized nutrition. Read more at Forbes.. 

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