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Daiya Foods CEO on selling to Otsuka: ‘The entire senior leadership team is staying on… our job is just beginning’

Daiya Foods has carved out an enviable slice of the fast-growing plant-based foods market since its 2008 launch, but did not attract the valuation it was looking for when it first explored a sale in 2014/15. Fast forward to 2017, however, and its value proposition was undeniable, says its CEO.

Daiya Foods sells to Otsuka in CAD $405m (US$323m) deal

Amazon ‘does not solve all of Whole Foods' woes,’ analyst

While Amazon is widely expected to have a transformative impact on Whole Foods over the long term, Whole Foods still faces “the prospect of several years of further decline and worsening financials,” predicts one market observer.

Industry players outline their wish lists for ‘NAFTA 2.0’ and express anxiety about renegotiation

While most agricultural industry leaders gathered on Capitol Hill yesterday urged lawmakers and the current administration to tread lightly when it comes to renegotiating the North American Free Trade Agreement, some indicated specific areas for improvement. 

News in brief

Amazon's US grocery sales surged 50% to $420m in Q2; perishables up 110%

As a percentage of the overall grocery retail market, Amazon’s $420m in Q2 grocery sales in the US is pretty small fry. But its 50% year-on-year growth is making the whole industry pay attention, says e-commerce data firm One Click Retail.

First round to Lidl in trademark infringement dispute with Kroger

Kroger has lost its bid to gain a preliminary injunction that would immediately bar Lidl from using its 'Preferred Selection' name on its premium private label products.

The top performing grocery retailers have superior prepared food sections, says Nielsen

About half of total sales in high performing retailers came from the fresh department, where the deli is a powerhouse, according to Nielsen data.

Herbal infusion Wanku offers functional benefits for consumers and producers

The Andean herbal infused beverage Wanku combines the functional health benefits of kombucha with the refreshing flavor of the increasingly popular plant-based waters and none of the downsides of the two categories, claim the young brand’s co-founders. 

Ben & Jerry’s says product is safe after traces of glyphosate found in ice cream

Unilever-owned Ben & Jerry’s has said that its ice cream products are safe to consume after independent lab testing by the Organic Consumers Association (OCA) found that certain ice cream samples tested positive for glyphosate. 

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