News

  • Spudsy Closes Round, Expands into New Retailers

    From: NOSH
    By: Carol Ortenberg

    As it prepares to enter its next phase of growth, snack brand Spudsy announced last month the close of a $2 million round of funding. It’s necessary capital, founder and CEO Ashley Boeckle said, to get the brand to profitability and support increased distribution.

    The round was led by KarpReilly, with Stage One Fund also taking part. Spudsy previously raised $1.4 million over the course of 2019 from Stage One, as well as from the company’s co-packer and several private investors. Boeckle said she appreciated that KarpReilly firm doesn’t “micromanage” and “trusts” the Spudsy team to execute on its plans. read more

  • Made In’s Newest Launch Uses a Chef-Approved Trick for Better-Tasting Meals

    Make room in your kitchen.

    By: Katie Macdonald 
    Each product we feature has been independently selected and reviewed by our editorial team. If you make a purchase using the links included, we may earn commission.

    While flavor and taste are essential components of cooking, professional chefs know we eat with our eyes first. A combination of color, texture, and presentation draws us into every dish, building excitement before we dig in. And with so much riding on that first look, it’s essential to invest in quality plates, bowls, and serveware that highlight your food. read more

  • Rowdy Mermaid Raises Another $3.5M in Series A ‘Second Tranche’

    From: Bevnet
    By: Brad Avery

    Rowdy Mermaid Kombucha announced today it has raised an additional $3.5 million from investment firm KarpReilly in a “second and final tranche” of its Series A funding round, bringing the total financing to $7 million. read more

  • All-American Restaurant Group Eureka! Forms Strategic Partnership with Carolo Corporation

    Eureka! Enters into Strategic Partnership with Carolo Corporation

    From: FSRmagazine.com
  • YUM! Brands to acquire the Habit Restaurants, Inc.

    LOUISVILLE, Ky. & IRVINE, Calif.–(BUSINESS WIRE)

    Yum! Brands, Inc. (NYSE:YUM) and The Habit Restaurants, Inc. (NASDAQ:HABT) (“The Habit Burger Grill”) today announced that they have entered into a definitive agreement pursuant to which Yum! Brands will acquire all of the issued and outstanding common shares of The Habit Burger Grill for $14 per share in cash or a total of approximately $375 million. The board of directors of The Habit Burger Grill, acting on the recommendation of a special committee composed of non-executive independent directors, has unanimously approved the transaction. read more

  • Cooper’s Hawk Receives Investment by Ares Private Equity Group

    CHICAGO (BUSINESS WIRE)
    Cooper’s Hawk Winery & Restaurants, an innovative lifestyle brand centered around food and wine, announced today an investment by a fund managed by the Private Equity Group read more

  • Zola Acquired by Cannabis Brand Caliva

    From: Bevnet
    By: Brad Avery

    Plant-based beverage maker Zola was acquired last week from investment group KarpReilly by California-based cannabis company Caliva for an undisclosed sum, the company announced today. read more

  • LIFEAID Beverage Co. Launches FITAID Zero and FITAID RX Zero

    From: Bevnet
    SANTA CRUZ, Calif.—

    Just in time for summer heat, outdoor activities and inevitable swimsuit season, LIFEAID Beverage Company is launching FITAID ZERO and FITAID RX ZERO. read more

  • Habit Burger Grill Honored by USA Today

    From: QSR
    Since 1969, The Habit Burger Grill has been winning the hearts and stomachs of burger lovers time and time again. Now as the company celebrates its 50th anniversary, read more