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CPG Week by BevNET & Nosh

Diving Into This Week’s News From Smucker, Albertsons and Paqui

14 Sep 2023

Description

On this week’s show, NOSH editor Carol Ortenberg, reporters Adrianne DeLuca and Lukas Southard, as well as editor-in-chief Jeff Klineman dive into all of the deal news this past week including J.M. Smucker’s acquisition of Hostess and Kroger/Albertsons’ initial store divestment plan. Then, the team also discusses news surrounding Pacqui’s One Chip Challenge.  Show Highlights: 01:02: What does Smucker want with Twinkies? Despite two bankruptcies in the past decade, Hostess brands has notched an impressive turnaround and the jelly maker believes the business will help its bottom line.  08:18: Since the Kroger/Albertsons merger was announced last October, experts and execs have cited the need for Albertsons to divest some stores in order to get in the good graces of regulators. Listen in to hear how the newly announced plan could impact the grocery landscape.  13:39: The Paqui One Chip Challenge is facing criticism after parents of a Massachusetts teen claim their son passed away as a result of eating the product. Paqui has already pulled the product from shelves, but the team discusses how the Amplify-owned brand may proceed in the weeks ahead. “It's really hard to not sell a product unless it's age-gated in a regulatory sense. That means that the consumer is kind of signing their own release with their money… At the same time, this is tragic and the brand has to be really sensitive to the fact that you had a kid who ate this chip, whether or not it was [meant] for him, and he died.”  -Jeff Klineman About The NOSH Podcast The staff of NOSH.com takes listeners inside the business of natural, organic, sustainable and healthy food during the NOSH Podcast. Using interviews and discussion, the team illuminates the news, brands, people, trends, and money affecting the world of packaged food. New episodes are released every week. Send us comments and suggestions anytime to [email protected]. Subscribe on Apple Podcasts

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