Seattle, WA -- Toosum Healthy Foods, LLC announced the expansion of its platform of all-natural snack foods with the acquisition of the health bar brand Kutoa. “We are committed to only providing top quality products made with wholesome ingredients,” explained Toosum founder Peter Guyer, in a press release. “By working with Kutoa,...
Austin, TX – Whole Foods Market reported record quarterly sales of $3.7 billion on Wednesday, and while comparable store sales decreased by 1.9%, that is an upward trend. Net income for the third quarter ending on July 2 was $106 million. On June 16, Amazon and Whole Foods Market announced...
HILO, Hawaii—The U.S. Food and Drug Administration (FDA) has approved the petition of Royal Hawaiian Orchards allowing it to claim that consuming macadamia nuts can help reduce the risk of coronary heart disease under certain circumstances. The decision follows nearly two years of FDA review and affects the entire macadamia...
With organic and natural food demands growing, more companies are trying to meet the certifications required to place desired labels onto their product to validate the source and ingredients within. Many consumers trust that when a certifying agency label is on their product, that the product has undergone strict rules...
New York City, NY — The Specialty Food Association (SFA) held its annual Summer Fancy Food Show on June 25 – 27 at the Javits Center. Exhibiting companies numbered greater than 2,600 and approximately 25,000 people attended the show. These include specialty retailers such as Whole Foods Market, Kroger and...
According to a report by CNBC, grocers are starting to notice a shift in customer habits. Increasingly, customers are avoiding the center aisles and concentrating their purchases around the perimeter, choosing produce and other fresh food items such as bakery, deli, seafood and meat products over packaged foods. This is...
Washington, D.C. — Rep. David Cillicine (D-R.I.), the top Democrat on the House subcommittee on regulatory reform, commercial and antitrust law wrote a letter to the House Judiciary Committee and the subcommittee chairman requesting an oversight hearing on Amazon’s $13.7 billion acquisition of Whole Foods Market. Cillicine voiced concern about...
Austin, TX -- A Whole Foods Market shareholder is seeking to block the $13.7 billion acquisition by Amazon through a federal lawsuit filed Thursday claiming the deal undervalues the grocer and did not disclose key information, reports 512tech.com Shareholder Robert Riegel filed the lawsuit in U.S. District Court for the...
Camden, N.J. — As consumers continue to migrate to more natural products, Campbell Soup Co. has agreed to buy organic manufacturer Pacific Foods for $700 million, the company announced on Thursday. Pacific, which is based in Tualatin, OR, had $218 million in sales over the past year. Campbell has posted...
One of the world’s leading online retailers, Amazon can now expand their reach with its purchase of Whole Foods Market for $13.7 billion. Many now wonder if this will possibly speed up a merging of the grocery and e-commerce industry. Amazon already has some experience in electronic grocery. AmazonFresh delivers...
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