Rachel Drori, Founder and President of plant-based frozen food company Daily Harvest talks the company’s recent $43 million funding round and its growth since its 2015 founding.
The company has attracted celebrity investors like Gwyneth Paltrow and Serena Williams, with this latest round led by Cheddar investor Lightspeed Venture Partners. Drori talks the inspiration behind the company and why its unprocessed, direct-to-consumer product stands out from others on the market.
The company touts that all products are plant-based and made with whole, unrefined, organic ingredients. The frozen format means a long shelflife and ability to utilize "ugly" fruits and vegetables, reducing waste throughout the supply chain.
Nestlé has dismissed its CEO Laurent Freixe after an investigation into an undisclosed relationship with a direct subordinate. The company announced on Monday that the dismissal was effective immediately. An investigation found that Freixe violated Nestlé’s code of conduct. He had been CEO for a year. Philipp Navratil, a longtime Nestlé executive, will replace him. Chairman Paul Bulcke stated that the decision was necessary to uphold the company’s values and governance. Navratil began his career with Nestlé in 2001 and has held various roles, including CEO of Nestlé's Nespresso division since 2024.
Kraft Heinz is splitting into two companies a decade after they joined in a massive merger that created one of the biggest food companies on the planet. One of the companies will include brands such as Heinz, Philadelphia cream cheese and Kraft Mac & Cheese. The other will include brands like Oscar Mayer, Kraft Singles and Lunchables. When the company formed in 2015 it wanted to capitalize on its massive scale, but shifting tastes complicated those plans, with households seeking to introduce healthier options at the table. Kraft Heinz's net revenue has fallen every year since 2020.
