Franchise Group, Inc., which bought The Vitamin Shoppe in 2019 and took it private last year, voluntarily initiated a filing for bankruptcy protection and entered a restructuring support agreement with holders of approximately 80% of its first lien debt.
As Nestlé Health Science's global head of technology and product development and head of R&D in the U.S., Rania Abou Samra can thoroughly discuss everything from the microbiome to sustainability and nearly everything in between.
Vox Nutrition has made a sizable investment to offset the costly tests associated with Amazon’s new TIC requirements, however, the private label manufacturer admits many of their smaller clients have still been forced to jump ship.
UK-based personalized nutrition company Zoe recently received $15 million in a Series B extension funding from investment company Coefficient Capital to expand into the United States.
Personalized nutrition company Care/of cancelled all subscriptions June 17 after parent company Bayer said it will be closing the subsidiary’s operations. So what went wrong for the company that Bayer acquired for $225 million in 2020?
Personalized nutrition company Care/of will wind down operations as a subsidiary of Bayer AG and will lay off 143 employees by July 3, according to a notice filed with the state of New York, where the company is headquartered.
Los Angeles-based start-up Perelel Health recently raised $6 million in Series A funding led by Unilever Ventures, which will be used to continue to grow its portfolio of supplements targeting women’s distinct life stages.
Regulatory issues, high chargeback rates, reputation and fraud all make dietary supplements 'high-risk.' So when it comes to accepting online credit card payments, traditional financial institution don't want to go through the hassle.
Ergo Bioscience plans to scale up its cell culture fermentation process with the help of Italian specialist firm Aethera Biotech in a new deal announced today.
Major Canadian online retailer National Nutrition has signed a deal to add a line of liquid supplements to its already extensive product offerings. It has also added a line of fish oil supplements.
Inflationary pressures and currency fluctuations have impacted Nature Sunshine’s results, leading the multi-level marketing company to reformulate some products with cheaper ingredients and revamp manufacturing in an effort to control costs.
Inflation and continued COVID related problems in Asia hit network marketing company Usana’s earnings hard. Traders responded by pummeling the company’s stock, which at one point on Tuesday had fallen by more than 17%.
Legacy sports nutrition brand Bodybuilding.com has thrown in with a rising affiliate marketing platform that specializes in revamping struggling brands for success via online sales.
DSM and Firmenich’s mooted 2023 ‘Merger of Equals’ will create a nutrition, food ingredients and fragrances behemoth with 277 years of collective business experience and a combined annual revenue pushing towards €12 billion (£10.2bn).
Branded ingredient supplier ChromaDex announced an 18% sales gain in a recent earrings report. A continued push to increase the science behind its TruNiagen brand is part of the reason, the company’s co-founder said.
Natural Grocers said the supplier network and customer loyalty it has built up over years has enabled it to restrain inflationary cost increases and to pass on whatever price hikes are necessary onto consumers without much pushback, helping the company...
Omaha-based supplement marketer FitLife Brands has reported promising full year revenue that comes with a serious caveat in that the company may need to restate its financial results going back to its 2019 fiscal year.
Activist investor Bill Ackman, who once attacked multi-level marketing company Herbalife on the grounds that it was an illegal pyramid scheme, has sworn off future short selling campaigns.
San Diego-based CV Sciences, one of the bell-weather companies in the hemp and CBD space, has reported a decline in revenues for the past financial year, but new initiatives have positioned the company for long-term growth, says its CEO.
Multi level marketing company Nature’s Sunshine has recorded a sixth straight quarter of rapid growth. But as the company has significant operations in Russia and Ukraine, the war has complicated the company’s task of forecasting future results.
Big Bold Health, a company bent popularizing the immune health benefits of a particular legacy crop, has announced $4 million in funding from a venture capital firm.
Energy drink firm Celsius reported passing the $100 million quarterly revenue mark in its recent year end earnings filing. The company made strides in both brick and mortar distribution and greater penetration in online platforms.
International Flavors and Fragrances has continued its strong push into the health and wellness space with the purchase of Oregon-based contract manufacturer Health Wright Products, LLC.
Healthycell, a supplement marketer that relies on a proprietary delivery technology as a differentiator, announced it has raised additional funds through a crowdfunding platform.
Canadian firm Relevium Technologies says it will file its belated financial statements by the end of January 2022, which would lift a ban placed by regulators on sales of stock by the company’s management.
The cash injection will enable Verdify to roll-out global expansion plans and enhance data collection protocols, brand endorsements and digital link ups with major retailers.
Mérieux NutriSciences has announced the acquisition of Utah firm Dyad Labs as the company bolsters its footprint in the dietary supplements industry in North America.
Network marketing company LifeVantage is planning to refocus on a foundational product as part of a personalization strategy in an attempt to arrest a soft spot in revenues.
The US Securities and Exchange Commission has indicted CanaFarma hemp and its two cofounders with fraudulently raising about $15 million from investors, and misappropriating approximately $4 million of that for personal and nonbusiness purposes.
A recent report on sales of botanical supplements was mostly very good news for the industry. But one prominent ingredient — turmeric — saw sales flatten or even decline.
Cyanotech, a legacy firm producing spirulina and astaxanthin supplements, reported a return to strong growth after a year of flat financial results in 2020.
Natural Grocers reported a decrease in sales momentum in the third quarter of its fiscal 2021 when compared to last year’s pandemic-fueled buying spree. But the company’s private label supplements sales buoyed results.
In concord with a trend affecting most of the multi level marketing companies selling dietary supplements, Nature’s Sunshine has posted another quarter of record results, buoyed by surging sales in Asia, South America and Poland.
Usana Health Sciences has reached another earnings milestone as the company topped $330 million in revenue for its most recent financial reporting period.
A new $15 million investment will help prebiotic manufacturer Prenexus Health finally hit commercial scale production for its unique prebiotic xylooligosaccharide ingredient.
In an industry populated with many privately held firms, two dietary supplement manufacturers — Thorne and Nutraceutical International — have filed for IPOs, each set at $100 million as the initial target size of the deals.
Nutrachampion Loren Israelsen said he’s grateful that the award signifies that decades later his peers think he’s still contributing in a meaningful way to the industry that he helped create.
Starting this month, GNC will expand its presence by offering a selection of essential everyday vitamins, merchandised in several different formats, at Walmart and Walmart.com.
Now that Nestlé has completed its acquisition of brands of The Bountiful Co. observers expect the CPG giant’s move into nutrition and wellness will continue to gather steam.
US nutricosmetics firm Seppic has acquired the French ingredients supplier EPI France as it aims to strengthen its position as a leader in the beauty-from-within category.
