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HallPass wants a bite of the candy category

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HallPass wants a bite of the candy category

Food Entrepreneur NEW YORK — With HallPass, Michael Tierney is trying to build what he sees as a missing fourth player in confectionery: a low-calorie, low-sugar brand differentiated by product formulation and aimed at a category led by Mars, Inc., The Hershey Co. and the Ferrero Group.

“Our mission is to make candy that tastes just like the classics with a fraction of the calories at a price point that everyone can enjoy,” Tierney said.

HallPass, a sister business of Peter Rahal’s company David and under the Medici Brands umbrella, is formulated with the same EPG (esterified propoxylated glycerol) fat system that David uses in its bars and frozen desserts.

Prior to launching HallPass Tierney founded Stuffed Puffs in May 2019. Stuffed Puffs is a manufacturer of marshmallows that feature a chocolate filling. Two years ago, the company was acquired by Mount Franklin Foods.

Tierney said the sweetener system is another important part of the formulation that works alongside the fat system to mirror the taste of sugar in candy while removing calories.

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“We use soluble corn fiber to replace the solids and bulking that sucrose traditionally provides,” he said. “We also use tagatose along with a little allulose as the foundation for building the sweetness profile of traditional sugar, with a small amount of erythritol and trace amounts of sucralose and Ace-K (acesulfame potassium) to deliver the iconic candy taste.”

HallPass is launching with five stock-keeping units nationwide at Walmart this month.

The lineup spans familiar confectionery formats — two peanut butter cups, two peanut creme wafers in 1.5 oz sizes and chocolatey candy pieces in a 1.53 oz size in single-serve packs.

The products contain 70 calories and 1 gram of sugar per package and are priced at $1.82.

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AdobeStock_1718809923_Editorial_Use_Only.jpgPhoto: ©ERMAN GUNES – STOCK.ADOBE.COM

The focus for the launch is a front-end impulse, low-cost-of-entry business model to drive trial while keeping HallPass priced close to its competitors, Tierney said.

“One of the biggest hurdles of what we’re trying to accomplish, what so many (businesses) before us have promised, is delivering great taste with great nutrition,” he said. “Many have failed on taste. When we say a third of the calories of competitors, most people hear it’s not going to taste good. Trial for us is the most important thing because tasting is believing.”

Launching into a category that has few challenger players beyond the mainstays, HallPass is targeting frequent peanut butter cup buyers and health-conscious consumers.

“Can we get you to switch between what you’re buying today, what you’re buying in volume, and get you onto something different?” Tierney said. “Then, balancing that with the other end of the spectrum: You’ve left the category, but you love this product, so can we bring you back and then work ourselves toward the middle, which would be broader chocolate confection?”

As HallPass grows its footprint, Tierney said the company’s goal is to be available wherever confectionery products are sold.

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“We are focused on being a true competitor to the big three, which own the vast majority of the confectionery business,” he said. “There isn’t a fourth player.”

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Amazon’s Zoox, Alphabet’s Waymo expand robotaxi services to more US cities

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Amazon’s Zoox, Alphabet’s Waymo expand robotaxi services to more US cities

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Stan Kroenke buys controlling stake in MLB’s Los Angeles Angels

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Stan Kroenke buys controlling stake in MLB's Los Angeles Angels

Owner Stan Kroenke of the Denver Nuggets stands on the court before game four of the Nuggets’ NBA Playoffs series against the Minnesota Timberwolves at the Target Center in Minneapolis, Minnesota on Saturday, April 25, 2026.

Aaron Ontiveroz | Denver Post | Getty Images

Stan Kroenke has added a Major League Baseball team to his growing sports empire, agreeing to purchase a controlling stake in the Los Angeles Angels of Anaheim from the Moreno family, according to a release.

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The transaction is expected to close in the first quarter of 2027. Terms were not disclosed.

“The Angels are a storied franchise anchored in a great market. We look forward to an exciting future with the Angels organization,” Kroenke, owner and chairman of Kroenke Sports and Entertainment, said in the release.

Kroenke Sports and Entertainment was valued at more than $26 billion in CNBC’s most recent list of the world’s most valuable sports empire, published in June.

The addition of a baseball team gives KSE ownership in nearly every major professional sport and a deeper presence in one of the top sports and entertainment markets in the world.

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KSE also owns the NFL’s Los Angeles Rams, the NBA’s Denver Nuggets and the NHL’s Colorado Avalanche, as well as Major League Soccer’s Colorado Rapids, the National Lacrosse League’s Colorado Mammoth and the Premier League’s Arsenal Football Club.

KSE also owns SoFi Stadium and the 300-acre Hollywood Park district in Inglewood, California. Kroenke spent more than $5 billion on the stadium, which is home to both the Rams and Chargers.

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“The Moreno Family has been honored to steward the Angels for 23 years and we believe with KSE’s experience and success they are the best next owner for the franchise,” Arte Moreno said in a statement.

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Barchemy, LLC names new leader

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Barchemy, LLC names new leader

Isaac Long takes over the helm from founder Larry Toscano.

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IMF and Senegal reach $2.2 billion loan agreement

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IMF and Senegal reach $2.2 billion loan agreement

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The Hershey Co. puffs up LesserEvil portfolio

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The Hershey Co. puffs up LesserEvil portfolio

DANBURY, CONN. — The Hershey Co. is expanding its LesserEvil brand with the launch of Cheezmos.

The organic cheese puffs are formulated with cheddar and avocado oil, with such varieties as cowboy cheddar and blazin’ hot cheddar.

“Cheese puffs are one of the most iconic, nostalgic snacks out there, but they’ve long been filled with ingredients most of us try to avoid,” said Charles Coristine, president and chief executive officer of LesserEvil. “Cheezmos take that classic experience and clean it up without compromising on taste. They’re cheesy, crunchy and snackable, with real ingredients that are as good for you as they taste.”

The non-GMO cheese puffs may be purchased at Whole Foods Markets and Kroger stores in a 7-oz format for $5.99. 

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What in the World – Why women are often better investors than men

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What in the World - Why the Strait of Hormuz matters to us all

Available for over a year

Investing used to be seen as something that was for older people in suits, but now more young people are getting into it, thanks to the rise in online investing apps that have made it more accessible, and a growing awareness of how stocks and shares work.

But data suggests that despite being less likely to start investing, women often make higher returns than men when they do. So, why are women often better at investing? And how does it work?

BBC business reporter Emer Moreau unpacks the data on how women and men invest differently, what investing is and why it can be risky. We also chat to Viktoriia and Gabriella, two women in their 20s, about why they started investing and how they are finding it.

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Instagram: @bbcwhatintheworld
Email: whatintheworld@bbc.co.uk
WhatsApp: +44 330 12 33 22 6
Presenter: Iqra Farooq
Producers: Chelsea Coates, Emily Horler and Emma-Louise Amanshia
Video Producer: Baldeep Chahal
Editor: Verity Wilde

Programme Website

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Ginkgo Bioworks: Another Pivot, Still No Proof Of Product-Market Fit

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Ginkgo Bioworks: Another Pivot, Still No Proof Of Product-Market Fit

Ginkgo Bioworks: Another Pivot, Still No Proof Of Product-Market Fit

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4.1% Unemployment Is Hiding Something

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4.1% Unemployment Is Hiding Something

4.1% Unemployment Is Hiding Something

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Mercado Pago unfazed by Brazil consumer debt worries as it expands credit card business

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Mercado Pago unfazed by Brazil consumer debt worries as it expands credit card business

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UK manufacturing growth slows in August as SME manufacturers struggle

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Smaller firms struggled to clinch new orders, with rising energy costs and economic uncertainty adding to the pressure, according to a survey

Welding being carried out on a gas pipeline.

Welding being carried out on a gas pipeline (Image: Grimsby Live)

The manufacturing sector saw a slight deceleration in growth during August as smaller businesses found it harder to secure new orders.

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S&P Global researchers indicated that manufacturing sector growth moderated in August, with the purchasing managers’ index (PMI) reading falling from 51.9 in July to 51.7.

The figure still sits above the neutral 50 threshold, signalling that activity has expanded. The sector’s PMI has now recorded positive growth for 10 consecutive months following a period in 2025 when output had contracted.

Rob Dobson, director at S&P Global, said there were “still signs for continued optimism” as business confidence climbed to a six-month peak.

Employment growth also reached its strongest level in two years, offering a positive signal amid a challenging jobs landscape nationwide, as reported by City AM.

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“This suggests that the slowdown [in the PMI] was mainly driven by a reduced focus on maintaining precautionary stocks as economic uncertainty eases, especially as domestic and overseas clients continue to show a willingness to spend albeit with a relatively high degree of caution,” Robson said.

The uptick in staffing levels was attributed to increased order intakes and attempts to work through backlogs, according to researchers.

That said, larger manufacturers fared better, while smaller producers witnessed declines in both output and new order intakes.

Cara Haffey, who leads the industrials division at PwC UK, said businesses would be far more preoccupied with ensuring that a recent run of positive results can be sustained.

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She said keeping energy costs low and capitalising on improved demand would be “critical” for the future of the sector.

“As the government considers its priorities, the focus for many businesses will be on how quickly policy commitments translate into lower costs, greater certainty and stronger incentives for investment,” Haffey said.

Matt Swannell, chief economic adviser to the ITEM Club, cautioned that rising energy prices would still filter through into higher business costs.

“We expect the rest of this year to be difficult for the manufacturing sector,” Swannell said. “The conflict in the Middle East is the main wildcard in this regard, and it remains a key source of uncertainty for business.”

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