Month: May 2022

The pet food industry’s stock market revenue peaked in June 2021

Pet food industry stocks reached their highest levels in 2021 compared to the previous year, but the performance was not flat throughout the year. Analysts at investment bank Cascadia Capital noted that 2021 revenue from an index of publicly traded pet food companies, including Nestlé, JM Smucker and FreshPet, outperformed the 2020 numbers. However, the …

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Lawmakers fail to make $200 million COVID funding offer for nonprofits

Minnesota nonprofits failed to seek special COVID-19 assistance from the legislature at this hearing, despite their plea for $200 million in one-time pandemic relief. The Minnesota Council of Nonprofit Organizations, which led the lobbying effort, said the state’s nonprofits — which make up about 14% of Minnesota’s workforce — continue to combat rising costs while …

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Ugly Drinks appears to have quietly closed its operations

Sparkling water brand Ugly Drinks appears to have shut down in recent months. Drinks industry insiders have noticed that the UK-based company’s website is currently down, and the official Ugly Drinks Amazon store does not have any products available for order. Additionally, Ugly Drinks’ Twitter and Instagram accounts have not been updated since late last …

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Flying ice cream? Unilever partners with drone delivery service Flytrex

Diving brief: Unilever has partnered with drone delivery service Flytrex to deliver ice cream from giant CPG’s “The Ice Cream Shop” virtual storefront, according to a press release emailed Wednesday. Shoppers in Flytrex’s coverage area, which currently includes Holly Springs, Fayetteville and Raeford, North Carolina, and Granbury, Texas, will be able to order brands such …

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