Monheim, Germany—In a much anticipated move, raw materials giant Cognis Holding GmbH, based here, agreed to sell all its shares to BASF. The transaction, valued at nearly $3.8 billion (3.5 billion euros), will close in November of this year. Cognis made in $3.1 billion (2.6 billion euros) sales in 2009.
This year, as we celebrate New Seasons Market’s accomplishments, we are also celebrating the 20th anniversary of honoring the industry’s most notable retailers. Congratulations to all past winners of the Retailer of the Year Award. We’d love to hear from past winners and retailers nationwide—tell us what’s on your mind! Share your thoughts and see how these businesses have fared over the years.
Washington, D.C.—The Environmental Working Group (EWG) released the 4th edition of its annual Sunscreen Guide. In all, the guide assessed about 1,400 products with SPF, including beach and sports lotions, sprays and creams, moisturizers, make-up and lip balms.
WholeFoods Science Editor, Richard A. Passwater, Ph.D. reports that the District Court in Washington, D.C., has ordered the U.S. Food and Drug Administration (FDA) to take corrective action to restore first amendment protection and allow reasonable and truthful health claims.
Phoenix, AZ—Sprouts Farmers Market is branching out again. The successful natural products grocer will open its 50th location on June 2—that’s 50 stores in the chain’s brief eight-year history. Nineteen of these new locations were opened in the last 13 months, a time during which many other stores were closing.
Montreal and Cambridge, MA—A study published in Pediatrics in May found a correlation between pesticides and the presence of attention deficit hyperactivity disorder (ADHD) in children. Statistics show that children with high levels of organophosphate pesticides in their urine were more likely to develop ADHD than children who had undetectable levels. In the United States, 4.5 million children ages five to 17 have been diagnosed with ADHD as of 2006, according to the Centers for Disease Control and Prevention Web site, and the study is the first to form a link between ADHD and pesticides.