Washington, D.C.—Dietary supplement and functional food companies will have an opportunity to gain insight into regulatory compliance matters at The Regulatory Conference on May 5. Hosted by the Council for Responsible Nutrition (CRN), the conference will feature interactive sessions with industry experts and regulatory officials from the Food and Drug Administration (FDA).
Editors Note: WholeFoods Magazine recently reported on a new partnership between Mother’s Market & Kitchen and Mill Road Capital investment firm. Our very own merchandising editor Jay Jacobowitz provides some insight on the potential of this new partnership and what it means for the supernatural retail space.
Washington — On Monday, February 8, the U.S. Department of Agriculture (USDA) awarded $20.1 million in grants to university researchers to go toward research or extension projects aimed at helping producers combat Huanglongbing (HLB), or citrus greening disease as it is more commonly known. According to Secretary Tom Vilsack, this disease has affected over 75% of Florida citrus crops and continues to threaten production across the United States.
In a quarterly 10-Q SEC filing on Friday, Fairway Group Holdings, corporate parent of Fairway Market, revealed if the company’s financial performance does not improve or financing from an additional third-party is not obtained, the company may fall out of compliance with financial covenants at the end of its fiscal year in April.
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.