Industry News
Food Retail
Top stories summarized by our editors
8/5/2020

Beyond Meat's quick but pricey expansion into grocery has helped offset a pandemic-induced plunge in restaurant sales. The company spent nearly $6 million repackaging products to be sold in stores such as Walmart and Target, with CEO Ethan Brown saying, "If you look at some of the trends, that was the right thing to do."

More Summaries:
Walmart, Target
8/5/2020

A joint program aimed at enhancing produce traceback abilities and creating an industry standard for future tracking systems has introduced four new and improved traceability methods. The tech tools are being rolled out by the Produce Traceability Initiative, a collaboration between the Produce Marketing Association, United Fresh Produce Association, the Canadian Produce Marketing Association and GS1 US.

8/5/2020

Winemaker Mike Lucia, who owns Rootdown Wine Cellars in Healdsburg, Calif., has purchased the entire Cole Ranch American Viticultural Area in Ukiah, Calif., for $2.7 million. Lucia intends to use the 150-acre parcel, which is the smallest AVA in the US, to bottle his own wine.

8/5/2020

Christie's fetched $2.3 million for its July online auction of the Benjamin Ichinose collection, the largest sum the auctioneer has ever reported for an e-commerce sale. The highest price of the sale, which included a range of collectible Bordeaux, Burgundy, Champagne and California wines, was a Jeroboam of 1970 Romanee-Conti for $75,000.

8/5/2020

Premium spirits will increase their global volume market share to 13% by 2024, according to IWSR's Global Trends Report 2020, which notes that China and the US are the world's largest markets for high-end spirits, respectively. The report also predicts that aperitifs will rebound to
"healthy growth" by 2021 and that premium tequila, which posted 15% year-over-year growth from 2015 to 2019, will continue its global surge.

8/5/2020

A California order issued last month, whose intent was to slow the spread of the coronavirus by encouraging patrons to dine rather than socialize, requires meals to be served when ordering beer. However, people can still order wine without a meal at wineries as such venues are excluded from the order, a loophole that has not escaped the attention of breweries.

8/5/2020

The Oregon Liquor Control Commission is considering whether to make its emergency rules allowing bars and restaurants to deliver alcohol permanent. The new rules would also make it easier for businesses to qualify for same-day deliveries rather than next-day, with roughly 5,500 businesses in the state potentially qualified for same-day alcohol delivery and pickup, said commission spokesman Bryant Haley.

8/5/2020

The Giving Plate, a Bend, Ore., food pantry, has been growing heads of lettuce in a hydroponic garden to provide in its food boxes. The food pantry raised $15,000 for the project after partnering with Around the Bend Farms to build the garden.

8/5/2020

Westfalia Fruit Group announced the release of two new avocado rootstocks they have spent the last 20 years testing in its breeding and screening program. The avocado rootstocks should mean healthier trees and orchards that produce better avocados even under tougher conditions.

8/5/2020

Milk Run is an online grocer that focuses on helping farmers and producers get more money from their products by cutting out the middlemen. Farmers typically only received 8 cents for every dollar of their products in traditional models, founder Julia Niiro said, but with Milk Run, they earn about 60 cents for every dollar.

Full Story:
Forbes

Pages