Paris, France—Danone’s Board of Directors has reviewed the company’s corporate governance and decided to separate the functions of Chairman and CEO, effective upon the appointment of a new CEO, according to a press release. The review was at the directive of Emmanuel Faber, current Chairman and CEO. The process to...
Phoenix, AZ—Sprouts Farmers Market reported results for the 14-week fourth quarter and 53-week year ended January 3, 2021, and Jack Sinclair, CEO of Sprouts Farmers Market, highlighted the "encouraging" results: “In 2020, we generated record earnings and cash flow from a 15% increase in sales while absorbing costs associated with...
Washington, D.C.—The Council for Responsible Nutrition has submitted comments on FDA’s Proposed Rule for Requirements for Additional Traceability Records for Certain Foods, asking for confirmation that dietary supplements will be exempt. The rule is intended to help industry more rapidly and effectively trace food products that cause illnesses back to...
Gelson’s Markets, a Southern Californian grocer, is being acquired by Pan Pacific International Holdings (PPIH), according to Los Angeles Daily News. PPIH is a publicly-traded company operating 639 stores, 582 of which are in Japan. In Hawaii and Japan, it’s known for its Don Quijote brand. Gelson’s consists of 27...
Seattle, WA—PCC Community Markets has shared its 2020 Community Giving efforts, including donating 1.4 million meals to neighborhood food banks and grocery rescue partners. “Last year it was more critical than ever to show up and support our neighbors,” said Brenna Davis, PCC’s VP of Social and Environmental Responsibility, in...
Naperville, IL—Over 550 specialty, natural & organic, and fresh suppliers attended KeHE’s Summer Show which took place January 28 through February 5. In an all-digital platform, audience members were able to discover new and innovative products through KeHE sponsored programs like the Next Generation Innovation Showcase & Faceoff, education sessions,...
Netherlands—While everyone loves sweets, Innova Market Insights notes in a press release that the consumer drive towards wellness has entered the confectionary, bakery, ice cream, and desserts categories, leading to new challenges for manufacturers trying to meet these conflicting demands. There are, however, a few tricks to success in this...
Los Angeles, CA—Follow Your Heart has unveiled a total rebranding to celebrate 50 years in business, according to a press release, on the heels of an announcement that the brand has been acquired by Danone. "From our early days as a soup and sandwich counter, to our now internationally-available brand,...
Danone has released its 2020 full-year report and 2021 guidance, and announced its latest acquisition. In a press release, Danone noted that consolidated sales were down 1.5% in 2020, with Q4 down 1.4% compared to Q4 2019. Out-of-home channels, specifically, declined in Q4 after an improvement in Q3, driven by...
Devens, MA—Little Leaf Farms has raised $90 million in debt and equity financing in order to fully fund the company’s east coast expansion, according to a press release. “We are supportive of Little Leaf Farms’ efficient growing methods, using sunlight and captured rainwater, to grow delicious lettuce that only travels...
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