The family feud over who should lead Illinois-based kefir maker Lifeway Foods and how it should be run has moved into a calmer phase, with an agreement between the company and key shareholders Edward and Ludmila Smolyansky that will keep CEO Julie Smolyansky...
Illinois-based kefir company Lifeway Foods, which has been the subject of inner family feuding related to its leadership*, reported +16.7% net sales growth for the full year ending December 31, 2021 compared to 2020.
The family feud over who should lead Illinois-based Lifeway Foods and how it should be run has not been resolved, with former COO Edward Smolyansky preparing for a potential proxy contest at the upcoming AGM according to an SEC filing from March 17.
UPDATED: An SEC filing from key shareholders at Lifeway Foods suggests all is not well at the top of the Illinois-based kefir company, with feuding members of the family that created it seeking the removal of CEO Julie Smolyansky and urging the board...
Lifeway Foods, best known for its kefir products, announced the intent to acquire certain assets of California-based GlenOaks Farms for $5.8m this week, expanding the company's position in the drinkable dairy space, says CEO Julie Smolyansky.
After several years of strong growth driven by its core kefir business, Lifeway Foods’ revenues have plateaued at around the $120m market in recent years, while sales in the latest quarter were down 14% YoY. However, a new line of plant-based functional...
