William Blair investment banking’s Chu-An Lee sat down with Food Navigator, a consumer/retail sector-focused trade magazine, to discuss a recent report the firm produced on private-label food brands and the M&A and private equity opportunities that exist, driven by macroeconomic factors and consumer trends.

“Economic uncertainty, lower consumer confidence and the lack of more stimulus money will keep driving consumers to private label brands,” Lee said.

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Read the firm’s report on private-label food companies.