🦊 ‘Fox’ News: What Comes Next?

Outfox Hospitality’s former partners are waking up to a new world this morning after the company pulled the equivalent of a corporate Irish Exit yesterday by immediately shutting all 33 Foxtrot and two Dom’s stores nationwide – to the surprise of many of its customers, not to mention its over 1,000 employees. But after the initial round of sharing memories, condolences, recriminations and memes is over, the question of what comes next is one that can’t afford to go unanswered for very long. 

Become an Insider to hear how this closure will impact the industry. 

Biotechnology company Checkerspot announced that it has recently secured a U.S. patent for the tech process used to make its high-oleic acid microalgae-based oil ingredient. The oil is intended to be used in nutrition, personal care and food products.

• The announcement comes two months after CPG brand Algae Oil Club debuted its microalgae based cooking oil product. 
• Both products have been billed as neutral-tasting, non-genetically engineered oils.  

Checkerspot makes its oil via precision fermentation and uses “strain optimization” to leverage the microalgae’s “natural evolutionary properties; the company claims the resulting ingredient carries more omega 9s than most olive and avocado oils available on the market. 

Go Deeper: Making Waves With Microalgae: Meet Algae Cooking Club

Delight your tastebuds, chew on emerging trends, and get facetime with all the right people over three days in NYC. With specialty foods delivering 2X the profit of mainstream items, you can't afford to miss the Summer Fancy Food Show, specialty food's premier product discovery event. Learn more

The latest episode of Elevator Talk features leaders from Spring & Mulberry, Sibz, Black Mamba and Kokada.

Watch founders and CEOs introduce their brands and provide a recap of recent news and updates. This week’s special co-host is Dayton Miller, a managing partner with venture capital firm BFG Partners, who shared his thoughts, questions and feedback with the participants. He is joined by Ray Latif, the editor and producer of the Taste Radio podcast.

Retailers, investors, distributors, suppliers, service providers and fellow brands can watch Elevator Talk every other Wednesday on BevNET and NOSH. Check out the latest episode here.

• Details on Doordash's SNAP benefits expansion plans
• Why eGrocery sales are expected to grow a lot faster than in-store
• People move news from around the industry

Become a BevNET & Nosh Insider to gain access to exclusive Insider-only newsletter content, as well as all digital content on BevNET.com and NOSH.com. Tap into our video archives, including Community Call and educational series, unlock event and job listing discounts, and engage with our community of  food and beverage professionals.