New York, NY — Lidl, a German discount grocery chain, is opening its first stores in the US with prices up to 50 percent cheaper than local competitors. Lidl has 10,000 locations in 27 countries with another German based chain, Aldi being its top competitor. 20 new stores will open...
New York, NY — Today, the Specialty Food Association (SFA) and Food Marketing Institute (FMI) announced their strategic partnership regarding the multibillion dollar specialty food industry. SFA is a 3,600+ member organization dedicated to the support and creation of specialty food. FMI operates in thousands of food retailers and pharmacies...
New York, NY — On Wednesday, Whole Foods Market hired five new directors after having switched to a new company-wide operational plan. According to Reuters, Jana Partners, an activist hedge fund that owns 8.3 percent of the company, is concerned about the lack of grocery experience among these new board...
A shareholder resolution urging The Kroger Company to separate the CEO and chair of the Board roles will be presented by Lisa Lindsley, Capital Markets Advisor for SumOfUs, an international corporate watchdog at The Kroger Company’s Annual General Meeting of shareholders on June 22. For decades, Kroger CEOs have also...
Irvine, CA — ChromaDex announced its financial results for the first quarter (Q1) of 2017 ending on April 1, 2017. Net sales for Q1 2017 were $4.4 million, compared to the Q1 2016 which were $7.3 million, a 39% decrease. The firm attributes this decrease to dropping its largest customer...
Washington, D.C. — Beyond Pesticides, a national environmental health organization, represented by the Richard Law Group has filed a lawsuit against Mott’s, specifically its parent company Dr. Pepper Snapple Group, under the District of Columbia's Consumer Protection Procedures Act. The suit claims that Mott’s is misleading its customers by falsely...
Obesity rates worldwide have nearly doubled since 1980 according to the World Health Organization (WHO). In 2012, for the first time, overweight and obesity caused more deaths than malnutrition. Combined, overweight and obesity cause at least 2.8 million deaths annually and represent the fifth leading risk for death globally. Efforts...
Metuchen, NJ — Two new members have been added to Aker BioMarine. Aker BioMarine is an Antarctic krill fishing company that harvest and does sales and marketing of krill-based products. Kate Pastor, former president of Twinlab Health & Natural and EVP of TCC, and Elise Kaiser, former sales worker for...
Washington, D.C. — The Senate voted 57–42 to confirm Scott Gottlieb as the U.S. Food and Drug Administration’s (FDA) new commissioner reports the New York Times. Industry has been watching Gottlieb’s confirmation hearings closely, as senators questioned the nominee, trying to determine how he would approach dietary supplements. We got...
Kerala, India — Arjuna Natural Extracts Ltd plans to take action against numerous U.S. based companies who Arjuna Natural claims is infringing on company patents. Arjuna Natural Extracts’ BCM-95, which is the bioavailable curcumin standardized for curcuminoids which also consist of turmeric essential oil and turmerones, was invented, manufactured and...
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