Plus, this week’s new products͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 
 
 
NoshJuly 26, 2024
DAILY BRIEFING
Today's news & insights for the food industry.
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In this issue of Daily Briefing

  • 🆕  This Week’s Hot New Products
  • ⏸️ Kroger/Albertsons Halt Merger
  • 🌬️ Gopuff Launches Advertising Platform
  • 💲 Ferrero Ups Wells Enterprises Expansion Plan

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📰 Today's Top Story

🧑‍🍳 Gastronomy At The Summer Games

🧑‍🍳 Gastronomy At The Summer Games

The Olympic Games mean more to the food industry than serving as a picking ground for potential brand sponsors – though we’ve already seen a few of those ( 👀 Siete Foods). The Paris 2024 Olympic Games officially begin today, and while PRIME fights it out over a controversial LTO, and CPG savant Snoop Dogg carries the torch, we’ve got our eyes on the menu and what it signals about global eating patterns.

Not only are the Paris Summer Olympics the first version of the event since pandemic era restrictions have been lifted (reminder: the Tokyo games saw plenty of masking, testing and social distancing), it is also being hosted in the “land of gastronomy.”  So while most spectators only care about the sports, we are here to look at how athletes will be gathering and what kind of grub they’ll get. 

Lay of the Land: Three French chefs – Akrame Benallal, Amandine Chaignot and Alexandre Mazzia – will be running the cafeterias (which have been notably renamed to “restaurants” this year), and nearly 60% of the items on the menu will be plant-based. The organization expects to serve over 13 million meals during the twin 15-day spans comprising the Olympic and Paralympic Games.

Speaking to The New York Times, Olympic food and beverage manager Philipp Würz described the fare as “lean, multicultural and vegetarian.” The preference for plants is no mistake. While some may jump to conclude this indicates the direction of rising food trends, it was also a deliberate decision that comes down to the Olympics’ own ESG goals. 

What They Said: “For Paris 2024, catering during the Olympic and Paralympic Games is above all a huge operational challenge… It will be the largest catering event in the world. But as the climate emergency looms greater than ever, it is also an enormous environmental and social challenge that we must rise to,” said Tony Estanguet, Paris 2024 president, in a statement on the event’s ‘Food Vision.’

That vision was developed with input from nearly 120 organizations up and down the value chain, from waste management experts to nutritionists. The result is a focus on plant-based, local and sustainable food: “Our ambition is to harness the creativity of French cuisine to drive the food transition,” the menu manifesto proclaims. 

Overall, the food vision outlines a plan to serve 50% less animal products than past games and two times the amount of plant-based foods. Meanwhile, 100% of the beef, eggs and dairy ingredients will be ethically and sustainably sourced from local French suppliers.

But for an event serving over 15,000 athletes from 208 different territories and nations, there are bound to be some special requests. 

According to the Times, the Americans mailed over plenty of protein shakes, pretzels, popcorn, jerky, energy bars and peanut butter. The Koreans asked for kimchi, and the Japanese insisted on miso, the Times notes, but several Caribbean nations were out of luck when sustainability regulations prohibited their request for passion fruit, since the Games do not allow ingredients imported by air. That means whatever the restaurants are serving up will have to suffice

According to Estanguet, “the common denominator between them all: healthy, gourmet and creative food, with more plant-based and local options at affordable prices!”

 

✨ What You Need to Know ✨

🆕 Gallery: This Week’s Hot New Products

🆕 Gallery: This Week’s Hot New Products

It's Friday, and that means it's time to round up all of this week’s new product creations and brand collaborations. Here’s a sample of what’s in store:

🥞 Kraft Heinz is bringing IHOP to stores nationwide with the introduction of IHOP Original and Butter Pecan syrups. The launch marks the first breakfast innovation within Kraft Heinz’s Taste Elevation platform, which represents 41% of the company’s global portfolio.

🐯 Grr-ific! Ready. Set. Food! teamed with kids’ cartoon character Daniel Tiger to launch kids puree pouches, made with the three most common food allergens – peanut, egg and milk – to introduce the ingredients early on. The pouches are available in three flavors: Daniel Tiger’s Apple Banana Carrot, Daniel Tiger’s Banana Blueberry and Apple Peach Cinnamon. 

🍖 Juicy Marbles reformulated its plant-based Baby Ribs to feature a cleaner, more nutrient-dense recipe that packs 32 grams of protein per serving and is free of binders and preservatives.

Keep an eye out for the full new products gallery on Nosh later today. 

 

⏸️ Kroger/Albertsons: Parties Agree in Colo. to Temporarily Halt Merger

Kroger and Albertsons’ proposed $24.6 billion merger is facing yet another roadblock after a Colorado judge and the state’s attorneys general agreed yesterday to an order temporarily halting the proceedings until the Colorado District Court rules on the state’s lawsuit seeking to permanently block the deal. Here’s the breakdown: 

🧑‍⚖ In addition to placing the heavily scrutinized mega-merger on indefinite hold, the agreement cancels a hearing on the preliminary injunction set to begin on Aug. 12; instead it consolidates the proceeding with a two-week trial slated to start on Sept. 30. 

🤝 Prior to yesterday’s order, the two grocery giants had maintained that the deal would close in August. 

💭 ”This appears to be a reasonable and sensible step by all involved. Critically, the court did not make any finding about the merits of the arguments against the merger,” Kirk McGill, special counsel at Denver-based law firm Hall Estill

⏪ The delay comes just weeks after an administrative judge paused the FTC’s in-house case to allow the defendants to handle the antitrust conflicts in Colorado and Washington state and the FTC’s suit in an Oregon court. 

Nosh Insiders can access the full story to understand what this development could signal about the fate of the deal.

 

🌬️ Gopuff Launches Advertising Platform

Food delivery platform Gopuff has launched its own in-house advertising platform powered by AI and machine learning. 

🔢 As with other instant commerce and online search platforms, Gopuff Ads will leverage its data along with other factors including the time of day and localized product popularity to serve targeted ads to users and add another in-house revenue stream.

🧑‍💻 The platform allows advertising clients to view insights on its campaigns and optimize performance.

🤳 The goal is to “make ad placements feel like content,” said Daniel Folkman, SVP of Business at Gopuff, and integrate advertising into the day-to-day rituals of life.

 

💲 Ferrero Invests More Into Wells Enterprises Expansion Plan

What started as an estimated $250 million upgrade at Ferrero’s ice cream and frozen treat production facility in Dunkirk, N.Y., has blossomed into a much bigger, $425 million project.

🏭 The manufacturing plant, run by Wells Enterprises, produces Halo Top, Blue Bunny, Bomb Top and Blue Ribbon Classics products.

🦾 The project was first announced last August amidst claims it would eventually double capacity and create 200 new jobs in the area.

🍦 Ferrero Group acquired Iowa-based, family-owned and managed Wells Enterprises in December 2022. Wells operates two other plants outside of its Dunkirk facility in Le Mars, Iowa, and Henderson, Nev.

In other frozen food manufacturing news: Monogram Foods announced today it will shutter a Dickson, Tenn., plant this fall, impacting 237 workers. The plant has three production lines and makes frozen breakfast sandwiches, refrigerated sandwiches and portable snacks.  

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