Silicon Valley’s VCs are Thinking Twice About Throwing Money at Food

Find out more by watching this installment of The Lempert Report.

Mar 19th, 2019

A shopper in a face mask looks over cuts of beef piled up in a cold room for purchase at a Costco warehouse store Tuesday, May 5, 2020, in west Denver. The U.S. economy rebounded at an even-stronger pace in the July-September quarter than first reported but a resurgence in the coronavirus is expected to slow growth sharply in the current quarter with some analysts even raising the specter of a double-dip recession.

US Economy Grew 33.1% in Q3

But a resurgence in the coronavirus is expected to slow growth sharply in the current quarter.

McCormick Buying Cholula Hot Sauce for $800M

McCormick, which already owns Frank's RedHot, is getting even spicier.

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Danone Will Cut Up To 2,000 Jobs in New $1.2B Savings Plan

Danone's "Local First" plan includes trimming 1,500 to 2,000 jobs as part of a 20 percent cut in operational costs.

In this March 25, 2020 file photo, a worker weighs and sorts pollack at the Portland Fish Exchange in Portland, Maine.

How the Pandemic Has Impacted Seafood Trade & Consumption

It hasn't all been doom and gloom for the industry, as seafood delivery and home cooking have helped businesses weather the pandemic.

Online educational company Test Prep Insight CEO John Ross and his team.

Business Owners Upbeat About Vaccine, Wary as Virus Spreads

Owners realize many hurdles remain.

Lawsuit Says Tyson Managers Bet on COVID Cases

That's just one of the claims made by the son of a Tyson plant worker who died from COVID-19 complications.

Oreo Cookie Factory in Danger of Closing

A lawmaker blasted Mondelez, saying workers have risked their health to meet skyrocketing demand.

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Bang Energy Fires PepsiCo as Distributor

Bang terminated its 6-month-old distribution partnership with PepsiCo, citing "multiple issues and concerns regarding PepsiCo’s performance."

Dutch farmers gather to listen to speeches during a demonstration in The Hague, Netherlands on Tuesday, Nov. 17.

Dutch Farmers Protest NOxEmissions

They argue that they are being unfairly targeted by measures to cut back nitrogen oxide emissions.

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Mars Acquiring KIND North America

It culminates a 3-year relationship between the companies after Mars took a minority stake in KIND in 2017.

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Sysco Eliminates Delivery Minimums for Restaurants, Names New CFO

The change aims to help independent restaurant operators planning for potential demand changes and COVID-19 restrictions during the winter months.

B&G Foods' CEO Steps Down

Kenneth Romanzi has left the company to pursue personal interests, and former CEO David Wenner takes over on an interim basis.