General Mills' venture capital unit, 301 Inc., has led a $17 million fundraising round for Urban Remedy, which sells fresh foods and beverages in California, writes Carol Ortenberg. Urban Remedy hopes to use the funding to double its kiosks and expand into new markets.
Cargill has agreed to help fund product development for Puris, the largest producer of pea protein in North America. Consumer demand for plant-based protein is growing, with Innova Market Insights estimating that 21% of all US food and beverage launches with plant protein in 2017 used pea protein.
New York City hotels are reporting high demand for tea in the new year due to such factors as cold weather and Mariah Carey's televised New Year's Eve request for tea. Sales of tea in 2016 totaled $12 billion.
Peanut milk is the latest plant-based alternative to dairy to enter the milk market, writes Holly Van Hare. Peanut milk is notable for a smooth texture and rich, thick flavor, she notes.
Originating in Taiwan, cheese tea with its whipped cheese foam is trending on social media and appearing in US locations. "We put milk, whipping cream, pink salt and sugar, which makes it more subtle and can be paired with any kind of tea," says Jenny Zheng, owner of Little Fluffy Head Cafe in Los Angeles.
Study participants who sipped on tea outperformed those who drank water when asked to work with blocks and be creative in naming a business. "Similar to meditation, the practice of drinking tea could help improve mental clarity, resulting in faster, more focused, and yet still relaxed thought processes," writes Holly Van Hare.
Coca-Cola's new typeface, TCCC Unity, is winning praise from people such as creative director Luke Woodhouse. "TCCC Unity has been drawn with attributes that mean it'll work well at small sizes, both in digital and print, and the character and idiosyncrasies throughout mean it'll be equally powerful as headlines on a billboard," he writes.
Meiji sold 30 million gourmet chocolate bars within a year of the company's Sept. 2016 launch in part because of the brand's willingness to break with conventions, writes Jake Adelstein. Meiji designed the bars' packaging to be displayed vertically and used close relationships with farmers to ensure quality control.
Nestle SA will debut ruby chocolate KitKats in Japan, South Korea and online starting this week. Nestle made a deal with ruby chocolate developer Barry Callebaut to gain exclusive rights to ruby chocolate for six months.
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