Ronkonkoma,NY—According to StreetInsider.com, NBTY, Inc., sold its Vitamin World retail business to private equity firm Centre Lane Partners for $25 million. The transaction may close as early as mid-February 2016.
Lakewood, OH—In many stores, a job opens up, applications come in, new employees are selected, they’re briefly trained and away they go. In some stores, training goes a step further to maybe a monthly educational seminar. Nature’s Bin, based here, takes training 10 steps further, however, by making it the store’s mission to hire, train, mentor and support employees with a variety of disabilities.
Trenton, NJ—The New Jersey State Legislature recently passed the New Jersey Assembly Bill 4133, which allows physicians and podiatric physicians to dispense certain dietary supplements. The bill was originally introduced in the NJ state assembly in February 2015, and passed the state senate on January 19 of this year.
Washington, D.C.—The Council for Responsible Nutrition (CRN) is now requiring all member companies to submit product labels to the National Institutes of Health (NIH) Office of Dietary Supplements (ODS) Dietary Supplement Label Database (DSLD).
Silver Spring, MD-—The U.S. Food and Drug Administration (FDA) announced in a press release on January 6, 2016 that U.S Marshals, at the agency’s request, seized approximately 90,000 bottles of dietary supplements labeled as containing kratom from Dordozin Natural Products LLC, South Beloit, IL. Marketed under the brand name RelaKzpro, the seizure is valued at greater than $400,000.