5@5: Judge tells Whole Foods to re-open closed 365 store | Fresh moolah for NadaMoo

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.

December 12, 2017

2 Min Read
5@5: Judge tells Whole Foods to re-open closed 365 store | Fresh moolah for NadaMoo
Whole Foods Market

A judge is forcing Whole Foods to reopen its failed 365 store

The retailer violated the terms of its lease with Bellevue Square mall and has 14 days to re-open, said a King County Superior Court judge. The lease required the store, which opened in September 2016 and closed in October due to its performance, to stay open for at least the first 10 years of the 20-year lease. The mall says that although the retailer has continued to pay rent, that's not enough—it wants the store to open and operate. Read more at Business Insider...


Sweet! Austin-based NadaMoo gets $4 million to expand

Canadian venture firm InvestEco Capital led the funding round for the coconut milk ice cream company, which uses ingredients that are organic, fair trade and GMO-free whenever possible. NadaMoo says it will use the funding to expand distribution, develop new products and add to its team. Read more at Austin American-Statesman…


Fast-growing natural foods grocery retailer names CFO

Natural Grocers appointed Todd Dissinger to succeed Sandra Buffa when she retires from the CFO position at the end of December. Dissinger is currently VP, treasurer of Natural Grocers. Read more at Chain Store Age…


The parable of Juicero: A tech lesson for 2017

The $700 futuristic juice machine is an example of what not to do in food tech. The company and the product evolved from the initially stated idea of using technology to deliver fresh fruits and vegetables in an affordable way to a product perceived as for and by the rich, backed by tech industry investors who saw an opportunity and money in food technology. “For years, Silicon Valley’s band of miracle-working health startups had hidden behind a smokescreen of slick marketing and perpetual caveats,” write Alyssa Bereznak of The Ringer. “Juicero is proof that there’s only so much profit the tech industry can squeeze out of pseudoscience until the empty calories become quite obvious.” Read more at The Ringer…


Cereal makers bringing consumers back to the bowl

It’s been a tough couple years in the cereal aisle, which saw unit sales drop 2.84 percent last year, according to IRI data, as consumers shun sugar and look for healthier, more balanced breakfast options. But big companies like General Mills and Kellogg remain committed to the category. Kellogg’s chairman said during a recent earnings call that the company hasn’t brought enough excitement to the category, especially to its adult-focused wellness brands, this year. The company plans to bring some innovation to some of its core products this year. Read more at Food Business News…

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