Amazon Launches Private Label Food Brand, Impossible Prepares for $10B IP0, Grab’s $40B SPAC Deal + More

Source: Food Business News

Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines.

Amazon has unveiled Aplenty, a new private label food brand set to eventually include hundreds of products across a variety of center store categories. This could have huge implications Meanwhile, Impossible Foods is in talks to go public, either through an IPO or merger with a so-called SPAC that would value the company at around $10 billion or more.

In other news, several large investments closed this week – Hazel Technologies raised $70 million to combat food waste; Atlast Food raised $40 million for its fungi-based bacon; and Pizza o… Read More

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