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Vintage Confections Raises $150,000 to Expand Production
Vintage Confections, a company specializing in custom-made lollipops based in Clarendon Hills, Ill., recently signed a $1.2 million guaranteed purchase order with a large distributor to grow its business. As a result, Vintage Confections outgrew its current production space and needed $150,000 in growth funding to continue to expand. Vintage Confections raised funding on Bolstr, a marketplace where emerging consumer, retail and manufacturing businesses can access growth capital from accredited investors. This marks Vintage Confections’ second round of funding through Bolstr. The company first raised capital in 2014, when it needed $30,000 to open its first retail location and expand ... |
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Le Creuset Cookware Celebrates 90th Anniversary
In the past 90 years, countless culinary trends have come and gone, but Le Creuset’s place at the table has stood the test of time. This year, the pioneering manufacturer of enameled cast iron cookware is launching a worldwide celebration of its 90th anniversary. During its nine-decade history, the beloved brand has manufactured more than 300 million products for more than 70 countries. To commemorate this milestone, Le Creuset is releasing a limited-edition replica of its original product, launching an online “time capsule” initiative and hosting celebrations worldwide throughout this month. “For decades, Le Creuset has been at the center ... |
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Gourmet Distributor Expands With Wisconsin Warehouse
Gourmet Foods International (GFI), an Atlanta-based distributor of specialty foods, plans to open a distribution center later this year in the Business Park of Kenosha, Wis., according to the Kenosha News. The company has completed a $2.6 million transaction to expand Gourmet Foods’ distribution network into the Milwaukee, Chicago and Minneapolis markets. Company officials have not disclosed details of the transaction. The company opened a warehouse in Denver in 2011 and recently has been serving its Minnesota and Iowa customers through its southwest regional distribution center in Conroe, Texas, near Houston. It also has warehouses in Florida, New Jersey and ... |
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North American Tea Championship Offers Best Teas for 2015
Fourteen high-quality teas took first-place awards in key categories during the North American Tea Championship’s (NATC) evaluation of spring-harvest 2015 hot teas. The competition, conducted July 30 and 31 in Las Vegas, was hosted by F+W, creator and organizer of the NATC, World Tea Expo and World Tea on the Road. Some of the winning companies will be featured at World Tea Expo June 15-17, 2016, at the Las Vegas Convention Center. The North American Championship is the only independent tea competition – evaluated by professional cuppers – to distinguish the highest-quality and best-tasting teas that are commercially available in ... |
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The Coffee Bean & Tea Leaf Signs Exclusive Development Deal to Expand Into China
The Coffee Bean & Tea Leaf®, Southern California’s oldest and largest privately held specialty coffee and tea retailer in the U.S., has announced the signing of an exclusive area development agreement with South Korean retail conglomerate, E-LAND, to introduce its premium beverages and innovative brand culture to China. Entering into its 28th international market by the end of 2015 further reinforces the brand’s established Asian footprint, a key component of the company’s growth and expansion strategy. Founded in Los Angeles in 1963, the iconic brand is one of the world’s first and largest privately held coffee and tea retailers with ... |
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Largest-Ever Summer Las Vegas Market Exceeds Expectations
The largest-ever Las Vegas Market – highlighted by increases in new registrations and overall attendance, as well as expansion of leading showroom resources and the debut of five new resource destinations – exceeded buyer and supplier expectations Aug. 2-6, 2015. The summer 2015 Market celebrated its 10th year with five launches: Casual/Outdoor on C12 and 13; gourmet housewares on C11; better home décor on C5; and the Pavilions at Las Vegas Market featuring DISCOVERIES, a new temporary exhibit venue with 90,000 net square feet of exhibit space. “We set the bar high for our 10th anniversary this August, and we exceeded our ... |
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Tabletop and Gourmet Housewares Best New Product Awards Presented to Five NY NOW Exhibitors
Tabletop + Gourmet Housewares Best New Product Awards were awarded Aug. 14 to five exhibitors at NY NOW®, the Market for Home, Lifestyle + Gift, with Typhoon® Homewares’ Typhoon Skandi Cast Iron Casserole recognized as “Best of Market.” Additional winners were recognized for excellence in four categories – cooking, dining, gourmet accessories and kitchen preparation – and all five honorees qualified to compete for NY NOW’s “Best of HOME” Award, which was determined by online balloting at bit.ly/NYNOW_HOME. The Summer 2015 edition of NY NOW®, the Market for Home, Lifestyle + Gift, concluded Wednesday, Aug. 19, at New York City’s ... |
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“Best of HOME” & “Best of LIFESTYLE” Awards Presented to Two NY NOW Exhibitors
Two products – AvoSeedo by AvoSeedo LLC (Frankfurt, Germany) and True Moringa Lavender Facial Oil by True Moringa (Boston) – were recognized as “Best of HOME” and “Best of LIFESTYLE” presented by NY NOW®, the Market for Home, Lifestyle + Gift. The summer 2015 award-winners were determined by popular online voting and awarded last week at NY NOW. “NY NOW’s HOME and LIFESTYLE Collections are a popular source of design-driven and fashion-forward trends, and these awards recognize two outstanding products in an intensely competitive field,” said Scott Kramer, NY NOW co-director and vice president. “These products went through a multitiered ... |
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JURA Reports Double-Digit Growth as Consumers Embrace Bean-to-Cup Experience
Benefiting from the growing sophistication of American coffee consumers, JURA Inc. reported double-digit sales for year-to-date 2015 versus the prior year. Both of the company’s brands – JURA automatic coffee centers and the Capresso line that includes coffee makers, espresso machines, grinders and more – have year-to-date double-digit increases, both in units and dollars. “Our biggest growth is coming from JURA automatic coffee centers, which offer a true bean-to-cup experience that’s freshly ground, never capsuled. And the United States is the No. 1 market for our top-of-the-line GIGA models, sold in over 50 countries. Coffee trends are moving in our direction ... |
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Sir Kensington’s Condiment Company Garners Funding
Sir Kensington’s, a leading all-natural condiment company, completed an $8.5 million Series A equity financing round, designed to grow the brand. In five years, Sir Kensington’s has become the fastest-growing condiment brand in Whole Foods and is the ketchup of choice for hundreds of restaurants and hotels nationwide. All of Sir Kensington’s ketchup, mayonnaise and mustard products are Non-GMO Project Verified. Funds will be used to accelerate distribution growth in the North American natural grocery and foodservice channels, expand product offerings and make key hires. Led by Verlinvest, the investment demonstrates the continued commitment of Verlinvest to early stage growth ... |
