Plus, what else is new this week from product drops to marketing moves͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 
 
 
April 16, 2025
Nosh
In today’s issue📈 Albertsons: ‘Our Mojo Is Back’ • 💸 11 Tribes' New $46M Fund II • 🥔 The Better Meat & Potatoes? • 🚚 SIMPLi Moves to Philly • ▶️ BeyondSKU Now BeyondCPG • 🆕 What Else Is New?

📰 Today's Top Story

🍫 Beyond Good Finds ‘Skeptical Optimism’ In Facing 47% Tariff

🍫 Beyond Good Finds ‘Skeptical Optimism’ In Facing 47% Tariff

Food entrepreneurs navigate internal crises everyday. 

But add in an economic climate that constantly accumulates new external pressures and political sucker punches flying from Washington, D.C. nearly every day, and identifying obstacles early and understanding the full context have become essential elements for keeping any upstart business alive. 

Tim McCollum – founder and CEO of single-origin chocolate and vanilla producer Beyond Good – understands that firsthand. President Trump’s “Liberation Day” tariffs instigated a week-long rollercoaster for the brand, but left him inspired with a sense of strength and “skeptical optimism” in the business he’s built over the past 18 years. 

“I've never been more optimistic in my life about the business,” he told Nosh, two days after Trump backpedaled and paused all of the Liberation Day tariffs for the next 90 days, leaving only a 10% universal reciprocal tariff in effect, with the exception of China. 

Let’s rewind to April 3, when the slate of tariffs were first applied to every country across the globe. From that announcement, McCollum learned that Madagascar – the site of his company’s factory and source country of 100% of his chocolate and vanilla company’s products – would now be subject to a 47% tariff. 

This latest obstacle had McCollum questioning if the company should even be making chocolate and vanilla in Madagascar: “Has [the past] 18 years been a complete wild goose chase?”

“COVID was the first [major] crisis, but that was an even playing field where everyone had to figure it out,” he said. “Then last year… we had the cocoa crisis where cocoa went up, for us, about 350%. I thought, Well, at least that's an ‘everyone-in-the-chocolate-category-crisis.’ And then with 47%, we realized, no, this is just an ‘us crisis.’ We are literally on an island by ourselves.”

Read the full story on Nosh to hear about the lessons he’s learned and how the business is now hedging against uncertainty. 

 

✨ What You Need to Know ✨

📈 Albertsons: ‘Our Mojo Is Back’

📈 Albertsons: ‘Our Mojo Is Back’

Albertsons claims its “mojo is back” after the termination of its proposed $24.6 billion merger with Kroger. The company’s optimism is reflected by better-than-projected Q4 2024 earnings, released on Tuesday. Here are some key numbers:

  • Net sales and other revenue were $18.8 billion, up from $18.3 billion in Q4 2023.
  • Loyalty membership grew 15% year-over-year to 45 million consumers as shoppers increasingly seek value amid inflationary pressures.
  • Excluding the impact of fuel, selling and administrative expenses decreased five basis points due to a drop in merger-related costs.

🔮 Moving into fiscal 2025, Albertsons expects to improve top-line trends in its grocery business in the back half of the year. 

Insiders can read about all of the grocer’s fiscal 2025 expectations on Nosh.

 

💸 11 Tribes Ventures Announces $46M Fund II

Chicago-based VC firm 11 Tribes said it closed its second fund on Tuesday and is ready to deploy $46 million to early-stage CPG brands. 

  • The firm will bring its “capital and care” approach to funding where it invests in “the whole human, not just the brand,” said 11 Tribes Ventures founder and managing partner Mark Phillips.
  • 11 Tribes will deploy its new capital over the next 36 months and has already cut a new investment check to baking mix brand GoNanas.
  • The fund is focused on brands prioritizing profitability and is seeking exit opportunities between $75 million and $250 million.
  • The VC’s Fund 1 previously invested in hydration drink GoodSport and mushroom coffee maker Ryze.
 

🥔 The Better Meat Co. Turns To Potatoes

Alt-protein maker The Better Meat Co. is giving new meaning to meat and potatoes. The food tech startup recently filed a new patent for its proprietary fermentation method that converts potato byproducts into mycoprotein.

🍄 In November, Better Meat filed a separate patent for a shelf-stable meat replacement featuring its fungi used in its Rhiza product.

🪖 The Sacramento, Calif.-based company also received a $1.4 million grant from the U.S. Department of Defense’s (DoD) last summer to scale up its production of Rhiza.

Go Deeper: The Better Meat Co. Secures DoD Grant

 

🚚 SIMPLi Moves to Philly

Pantry staple producer SIMPLi has relocated its U.S. headquarters from Baltimore, Md., to Philadelphia, Pa., per a LinkedIn post. 

💭 “This move marks an exciting new chapter as we continue to grow our impact, foster meaningful partnerships and expand our mission to transform our food system,” the brand wrote in the post. 

⏪ Founded in 2020, SIMPLi sells 15 SKUs of regenerative organic, globally-sourced pantry staples – from Peruvian Pink Salt to Organic Gigante Beans and Tri-Color Quinoa – available in 3,000 stores nationwide. 

Go Deeper: SIMPLi Growing The Renegerative Movement Via Distribution

 

▶️ BeyondSKU Becomes BeyondCPG

New York-based startup accelerator BeyondSKU is now BeyondCPG. The program will continue to offer mentorship, operational support and education.

🚀 BeyondCPG, led by the team at growth and strategy consultancy BeyondBrands, is accepting applications for its upcoming cohort through June 1 on its website.

💬 “BeyondCPG is more than an accelerator – it’s a community, a platform and a launchpad for the next generation of conscious CPG leaders.” – Eric Schnell, co-founder of BeyondBrands

 

🆕 What Else Is New?

It’s Hump Day! Here’s a taste of the new drops and activations from the first half of the week. 
 

From AeroFarms to Archer

It’s Hump Day! Here’s a taste of the new drops and activations from the first half of the week.

🌱 Vertical farm AeroFarms unveiled Micro Bok Choy – adding a new crop to its selection of microgreens with “mellow, clean flavor with hints of sweetness.” 

🍓 Kencko is venturing further into snacks with Fruit Snaps, available in Strawberry, Mango, Pineapple and Raspberry flavors. The crunchy fruit rolls contain 2.5 cups of fruit and 6 to 8 grams of fiber per serving. 

🍪 Oat Haus dropped its newest granola butter flavor: Brookie. As its name suggests, the new offering tastes like a mashup of gooey brownies and fresh-baked cookies.

⚾ Newly rebranded Archer has become the “Official Meat Snack Partner” of the 2024 World Series champions, the Los Angeles Dodgers.

🧁 What’s better than a baked treat from Magnolia Bakery on 4/20? Answer: The baked treat delivered to your door in 15 minutes. The bakery partnered with instant commerce company Gopuff for a new 4/20-themed in-app category and exclusive LTO cupcake.

🥃 Vermont distillery WhistlePig is also getting in on the 4/20 fun with the release of Troopers Edition Sticky Icky Barrel-Aged Maple Syrup. The brand suggests mixing the terpene-infused maple syrup with its 100% Rye Whiskey for a perfect way to toast the occasion. 

Check out the latest marketing roundup on Nosh for more.

 

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Have feedback or a tip to share? Let me know at adeluca@bevnet.com.

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