CPG WIRE @cpgwire
Curated CPG News | The Latest in Food, Beverage, Alcohol, Apparel, and Cosmetics | Newsletter Published 3x Per Week 👇 thisweekincpg.beehiiv.com Fort Worth, TX Joined August 2021-
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This Week in CPG - Simply Good Foods Buys OWYN for $280M 💪 - L’Occitane likely going private 💰 - General Mills might divest yogurt biz 🥄 - SickScience launches 2nd product 💊 - CELSIUS stays hot 📈 - Acid League x Target 🎯 s/o to @NumeralTax thisweekincpg.beehiiv.com/p/simply-good-…
General Mills is acquiring European pet food brand Edgard & Cooper for an undisclosed sum. Edgard & Cooper was founded in 2016 and surpassed €100M in retail sales in 2023. More info ➡️ t.ly/qR_Or
Plant-based protein shake brand OWYN is being acquired for $280M in cash. The buyer is Simply Good Foods who also owns Atkins and Quest. OWYN is the fastest-growing RTD protein shake in the market and expects to finish the year with net sales of $120M. Simply Good Foods is…
Austrian billionaire Reinold Geiger is taking L'Occitane Group private. Geiger, who already owns more than 70% of the company, submitted a €1.7B bid to buy the remainder of the company and delist from the Hong Kong Stock Exchange. L'Occitane owns a number of beauty brands: -…
Reinold Geiger is near the finish line on a $7B buyout of L'Occitane Group.
Reinold Geiger is near the finish line on a $7B buyout of L'Occitane Group.
Has anyone tried Fruit Riot? Frozen fruit covered in sour candy coating is kinda genius. Looks like they retail at Albertsons, Walmart, Sprouts, and others.
These are great-looking labels. cornetcustardpdx.com
Acid League launched three salad dressing SKUs at over 300 Target stores 🎯 - Mango Jalapeño Dressing - Miso Caesar Dressing - Carrot Ginger Dressing
Cove expanded its gut-friendly soda lineup with three new flavors: - Cherry - Grapefruit - Raspberry
Bravo star Craig Conover becoming latest “reality star/celeb” to invest in beverage alcohol Now a leading face for the Spritz Society RTD cocktail brand
M&A news: FX Matt Acquires ’Merican Mule Canned Cocktails brewbound.com/news/fx-matt-a…
L Catterton is buying a majority stake in Italian low-cost beauty brand KIKO Milano. The beauty brand is being valued around €1.4B. In 2023, KIKO Milano's revenue jumped 20% to around €800M. More info ➡️ t.ly/vnosr
These dedicated @drinkolipop fridges at Albertsons look so good 🔥
Kylie Jenner's RTD vodka soda brand Sprinter shipped 140,000 cases in its *first month* of business.
Keurig Dr Pepper reported adjusted net sales grew 2.8% to $3.47 bil in Q1. KDP prices were up 3.1% in qtr with a 0.3% volume/mix decline.
This Week in CPG - Wilde Grabs $20M, CAVU Backs Gymkhana Fine Foods 🥫 - Playground lands $2M 🛝 - KEY launches with $4M ⚡️ - Glossier relaunches a classic 🍓 - Graza x Metahaiku 🧼 - Ritual on pace for $200M 📈 s/o to @NumeralTax thisweekincpg.beehiiv.com/p/wilde-grabs-…
New beverage on the block - General Admission NA Fruit Brew from Boston Beer 1st such offering testing DTC shipping/distribution from them
Luxury British retailer, Selfridges, has four locations and does ~$1B in revenue sold to a group controlled by Signa (Austrian real estate) for $4.5B in 2022. Signa has now filed for bankruptcy and the court will take bidders for Selfridges.
Nate Rosen @RosenZone
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11K Followers 1K Following Brand identity & type design ✷ Co-founder @HoodzpahDesign ✷ Co-author "Freelance, and Business, and Stuff”✷ Sometimes put my art school paintbrushes to good useToday’s guest, @mikebeckhamsm, was doing non-profit ministry work before leaving to start what is now one of the fastest-growing e-commerce businesses in the US, Simple Modern. I learned that Mike has a lot of superpowers, but the one I found most intriguing was the…
Reinold Geiger’s bid to take L’Occitane private is no knockout, @AndreaFelsted writes trib.al/BuQmtqf via @opinion
This conversation with @fortworthchris was a fantastic experience. Definitely worth a listen
Today’s guest, @mikebeckhamsm, was doing non-profit ministry work before leaving to start what is now one of the fastest-growing e-commerce businesses in the US, Simple Modern. I learned that Mike has a lot of superpowers, but the one I found most intriguing was the…
$280M. in. cash. Prioritize making money. Don’t over lever yourself. Ship good products. DAMN.
Plant-based protein shake brand OWYN is being acquired for $280M in cash. The buyer is Simply Good Foods who also owns Atkins and Quest. OWYN is the fastest-growing RTD protein shake in the market and expects to finish the year with net sales of $120M. Simply Good Foods is…
Another uncomfortable signal for the industry that a new reality is in play. OWYN’s team was ruthless about controlling costs and kept the team very small. If a growing, PROFITABLE company goes for 2X what does that mean for others?
Plant-based protein shake brand OWYN is being acquired for $280M in cash. The buyer is Simply Good Foods who also owns Atkins and Quest. OWYN is the fastest-growing RTD protein shake in the market and expects to finish the year with net sales of $120M. Simply Good Foods is…
The responses here have been enlightening and fun but I’m very upset no one suggested Dan Flashes, Calico Cut Pants, or TC Tuggers.
I’m a 38 year old male and I’ll admit I have no idea where or how to shop for clothing anymore.
I want to make Schwarzenegger shake grass fed whey protein shakes
Plant-based protein shake brand OWYN is being acquired for $280M in cash. The buyer is Simply Good Foods who also owns Atkins and Quest. OWYN is the fastest-growing RTD protein shake in the market and expects to finish the year with net sales of $120M. Simply Good Foods is…
And another brand going private - @loccitaneusa
Austrian billionaire Reinold Geiger is taking L'Occitane Group private. Geiger, who already owns more than 70% of the company, submitted a €1.7B bid to buy the remainder of the company and delist from the Hong Kong Stock Exchange. L'Occitane owns a number of beauty brands: -…
For the low sum of $5MM (and a working capital LOC that scales) I will start a protein RTD brand that will be acquired for >$280MM. Inquire in my DMs. Incredible opportunity in this space STILL. Just crazy. cc @mcuban
Plant-based protein shake brand OWYN is being acquired for $280M in cash. The buyer is Simply Good Foods who also owns Atkins and Quest. OWYN is the fastest-growing RTD protein shake in the market and expects to finish the year with net sales of $120M. Simply Good Foods is…
more good news for protein beverages- sales are up additional capacity coming online
Plant-based protein shake brand OWYN is being acquired for $280M in cash. The buyer is Simply Good Foods who also owns Atkins and Quest. OWYN is the fastest-growing RTD protein shake in the market and expects to finish the year with net sales of $120M. Simply Good Foods is…
This is interesting.
Plant-based protein shake brand OWYN is being acquired for $280M in cash. The buyer is Simply Good Foods who also owns Atkins and Quest. OWYN is the fastest-growing RTD protein shake in the market and expects to finish the year with net sales of $120M. Simply Good Foods is…
Simple product, strong macros. Huge market
Plant-based protein shake brand OWYN is being acquired for $280M in cash. The buyer is Simply Good Foods who also owns Atkins and Quest. OWYN is the fastest-growing RTD protein shake in the market and expects to finish the year with net sales of $120M. Simply Good Foods is…
But who will scale an in-person personal assistant company? Super open market. Everyone else is focused on virtual.
Great scoop by Business of Fashion. One of these happened last week with Knot Standard being merged into Billy Reid, I wonder how the other two are going:
Great reporting today from @BoF on DTC brands running an exit process: - True Classic (tees) $207m rev, $19m EBITDA, seeking $1B val - Dagne Dover (bags) ~$100m rev, ~$10m EBITDA, seeking $700m val - Knot Standard (suits) ~$15m rev, breakeven, seeking merger h/t @__rehurek
our @itsaugustco team changed our 'in office day' to be monday - and i thought it would be rough, but it's honestly wonderful. gets us all up and out of bed, ready for the week. highly recommend :)