Seattle, WA — Shares of Amazon.com soared past $1,000 in after-hours trading after the company released third quarter financial results showing net sales of $43.7 billion, an increase of 34% year-over-year and beating analysts' estimates. Net sales includes $1.3 billion from Whole Foods Market, which Amazon acquired on Aug. 28,...
Basel, Switzerland – Lonza’s integration of Capsugel is on track as the company forecasts combined high single-digit sales growth for the year. The first joint product offerings are in consumer health and sports nutrition. "Lonza sustained strong performance and growth of the company in the first nine months of the...
Pittsburgh, PA – Just six weeks into the job, GNC Holdings CEO Ken Martindale expressed optimism about a turnaround with unique products and services in the pipeline for 2018 and the ability to market them better during his first call with analysts reporting same store third-quarter sales up 1.3% in...
White Plains, NY -- DanoneWave will invest up to $60 million in plant-based beverage manufacturing by adding new production capacity and expanding its warehouse in Mt. Crawford, VA. DanoneWave is the combined business unit of the U.S. dairy operation of Danone, which purchased WhiteWave Foods in April. Danone will receive...
Morristown, NJ — Frost & Sullivan’s 2017 North American Product Leadership Award went to OmniActive Health Technologies for its Lutemax 2020, which contains a combination of the three macular carotenoids (lutein, RR-zeaxanthin, and RS [meso]- zeaxanthin) that support visual function and overall eye health as well as skin and brain...
Napa, CA – Andrew Cates, co-founder of The Wine RayZyn Co., plans to turn the Northern California fire tragedy into a blessing for others by partnering with Food Recovery Network to repurpose unharvested wine grapes from vineyards affected by the wildfires. The Cates family vineyard, the Segassia Vineyard, produces high-end...
Hoboken, NJ — Walmart’s Jet.com brand has launched its private label consumer goods line with many of the products organic and sustainable. Called Uniquely J, it carries the tagline “your new favorite everything” and aims to appeal to the upscale millennial living in urban areas. The 50-odd SKUs in the...
New York, NY — The term “diet” has been used by soft drink companies to describe sugar-free and low calorie options for many years. The Code of Federal Regulations Title 21 states that companies may continue provided that "use of the term is not false or misleading.” On Oct. 16,...
Bethesda, MD — The National Institutes of Health has launched a major effort to discover and catalog the brain’s “parts list.” The NIH’s Brain Research through Advancing Innovative Neurotechnologies (BRAIN) Initiative Cell Census Network (BICCN) aims to provide researchers with a comprehensive reference of the diverse cell types in human,...
Tucson, AZ — Three in four Americans (76%) say they take dietary supplements, an increase of 5 percentage points from last year, according to the Council for Responsible Nutrition's annual survey of consumers. Top-line findings were released by Survey Subcommittee Chair Nikki Yas at CRN's Ascend conference at The Ritz-Dove...
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