Vevey, Switzerland—Nestlé Health Science has agreed to purchase a majority stake in Orgain from Founder Dr. Andrew Abraham and Butterfly Equity, who will continue to be minority share owners. Dr. Abraham will continue on as CEO. "Nutritional protein plays a key role in supporting our health and wellness, whether we...
Lake Success, NY—Hain Celestial has reported financial results for the second quarter ended December 31, 2021, in a press release. Mark L. Schiller, Hain Celestial’s President and Chief Executive Officer, commented, “Our second quarter results delivered adjusted net sales growth consistent with initial guidance, behind strong U.S. consumption growth, despite...
Hollis, NH—The frozen Greek cuisine brand, Yaya's Garden, has announced that they have received the Non-GMO Project Verification seal for all brand products. "While the products have always been 100% Non-GMO within our Greek manufacturing practices, we're so grateful to have the seal of authentication," shared Colin Tuthill, President of...
Boulder, CO—Purely Elizabeth has closed a $50m Series B financing round, led by the SEMCAP Food & Nutrition Division, which was joined by Swander Pace Capital and Fresh Del Monte. Over the last five years, Purely Elizabeth has grown with a 55% CAGR. The company has nearly doubled its retailer...
A green Mediterranean diet may help slow age-related brain atrophy, according to a new study published in The American Journal of Clinical Nutrition. The DIRECT PLUS 18-month-long randomized control trial included 284 participants, who were divided into three groups according to diet: a healthy dietary guidelines group, a Mediterranean diet...
Monterey, CA—Organic fresh produce grew sales by 5.5% in 2021, topping $9 billion for the first time and outpacing conventionally grown produce in year-over-year gains in both sales and volume. That’s according to the 2021 Organic Produce Performance Report, released by Organic Produce Network and Category Partners. The report notes...
Oakland, CA—Olipop has completed its $30 million Series B funding round led by Monogram Capital Partners with celebrity investors Camila Cabello, Priyanka Chopra Jonas, Nick Jonas, Joe Jonas, Kevin Jonas, Mindy Kaling, Logic, and Gwyneth Paltrow, according to a press release. Also contributing to the funding round: Raj and Indra...
A three-year collaboration between FrieslandCampina and Danone has led to a 17% reduction in greenhouse gas (GHG) emissions, according to a press release. The reduction was accomplished mostly by FrieslandCampina’s dairy farmers implementing sustainable farming practices and green energy projects for the ingredients provided to Danone. FrieslandCampina used the Annual...
Auburn, WA—The Gluten Intolerance Group (GIG) has announced its dates and locations for its 2022 Generation GF summer camp. GIG is a nonprofit organization, providing resources and support to individuals who live gluten-free lifestyles. It is now accepting applications for camp scholarships, funded by contributions from GIG's Gluten-Free Certification Organization...
Arlington, VA—FMI and NielsenIQ have released the Transparency in an Evolving Omnichannel World report, which found continued high demand among consumers for transparency from food retailers and manufacturers: 64% of shoppers said they would switch from a brand they usually buy to another brand that provides more in-depth product information,...
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