Plus, Siren Snacks moves into sweets; Global coffee trader files for Chapter 11͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 
 
 
NoshDecember 08, 2023
DAILY BRIEFING: LITE EDITION
A preview of today's news & insights for the food industry.

📰 Today's Top Story

👋 Quinn Moves On From Microwave Popcorn, Pushes Forward on Salty Snacks

👋 Quinn Moves On From Microwave Popcorn, Pushes Forward on Salty Snacks

Microwave popcorn may have been Quinn Snacks’ first product when it launched over a decade ago, but it’s not what’s going to take the company to its next stage of growth, said co-founder and chief visionary officer Kristy Lewis. The company decided late last month to discontinue the line and go all in on salty snacks. 

Become an Insider to learn how and why Lewis made the decision to cut Quinn's first product line.

 

✨ What You Need to Know ✨

☕ Global Coffee Trader Files For Chapter 11 Protections

Mercon Coffee Group, one of the world’s largest green coffee suppliers, filed for bankruptcy protections this week. The coffee giant supplies leading brands including Starbucks, Nespresso and Lavazza.

Become an Insider to learn how Mercon got to this point and how far its financial troubles reach.

 

🍬 Call For Confections: Siren Snacks Moves Into Sweets

Is a pivot ahead for Siren Snacks? The company posted about a dark chocolate peppermint bark under a new Siren Sweets brand on Instagram this week that featured a stark design departure from its prior snack items. 

🍫 The gluten-free, plant-based chocolate swirled bark is made with sugar, palm kernel oil, natural flavors, sunflower lecithin, corn syrup, peppermint oil and food coloring and is sold on the company’s website for $13 per 4.5 oz bag.

💤 Siren Snacks once sold an array of CBD “R&R” Bites, caffeinated Energy Bites and plant-based Protein Bites, but now only two Bite SKUs are currently available for sale online.

🚜 The company has been fairly quiet in recent years with co- founder and CEO Elizabeth Stein opening event venue and farm Cassidy Ranch – which also recently got into the CPG biz. 

 

🚨 What You're Missing 🚨

Become A NOSH Insider for Full Access

  • Insights from DoorDash's latest trend recap.
  • Full details on Mercon's financial struggles.
  • And news of a $45 million investment in a tech-forward meal kits maker.

Become an Insider to read all the details & receive exclusive content.

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