The 105-year-old confectioner revamped its image earlier this year to capitalize on key natural trends, transitioning to recyclable plastic for its iconic licorice jar and joining two sustainability initiatives.
The six-year-old company had landed $35m in funding as recently as 2017, but it said a challenging retail environment led to this financial pitfall. Six of its more than two dozen stores will close immediately.
We spoke with the Chicago-based ingredient company at IBIE 2019 about how its non-digestible, essentially calorie-free ‘rare sugar’ can change the better-for-you and functional side of chocolate and candy.
The UK’s biggest Christmas confectionery brand is also downsizing with the announcement that the assortment collection will be available in seasonal 650g tubs, as opposed to last year’s 720g offering.
With legalization, THC and CBD products will land in previously out-of-reach retail channels – and the opportunities are unprecedented, says IRI and BDS Analytics, a cannabinoid research firm.
The Faculty of Dental Surgery at the Royal College of Surgeons is lobbying for ‘sugar-free schools’ and a recommitment to previously established nutrition standards.
