Network marketing company Usana has leveraged a recent investment in a nutrition bar and protein products manufacturer to help drive another record sales quarter.
Swiss nutrition giant Nestlé has reportedly confirmed that it will acquire The Bountiful Co. prior to a planned initial public offering for the maker of Nature’s Bounty supplements.
A ‘superfoods’ supplement startup is on track to rack-up half a million pounds worth of sales this month after a heroic appearance on the popular investment programme 'Dragon's Den'.
HempFusion, a manufacturer of CBD-containing ingestible and topical products, said a successful initial public offering and a refocus of its digital sales efforts will position the brand to become one of the major hemp/CBD players in 2021.
Long suffering sports brand MusclePharm gave signs of finally turning a corner with its year end statement that reported a profit even as sales fell year over year.
DSM has today (31 March) agreed to acquire the flavour and fragrance (F&F) business of US-based biotech firm Amyris, extending its portfolio with bio-based ingredients for the flavor and fragrance and cosmetics industries.
Supplement marketer FitLife Brands prospered in 2020 despite the bankruptcy of GNC, its biggest customer. The company recorded the highest annual revenue it has achieved for a number of years.
Swedish probiotics firm BioGaia is to form a new investment subsidiary that looks to identify and invest in smaller companies that includes one developing products to strengthen the skin microbiome.
Riding a great year for the dietary supplement industry and for multi level marketing companies in general Nature’s Sunshine notched its best quarter ever as it reported its 2020 year end final results.
The Organic and Natural Health Association has announced a charitable campaign with the ultimate goal of making an industry that is overwhelmingly white and male more inclusive.
International Flavors & Fragrances Inc (IFF) and DuPont’s Nutrition & Biosciences (“N&B”) completed their €40.7bn merger yesterday (February 1st) and revealed a modernised identity for the new industry giant.
Israeli company NextFerm Technologies Inc. has raised $9.2 million in an initial public offering on the Tel Aviv stock exchange, the company announced today.
With the US government putting Facebook in the middle of its antitrust crosshairs, it’s a good time for supplement brands that rely heavily on social media platforms to review their marketing strategy, an expert says.
DuPont and IFF have received final regulatory approval from the European Commission for a merger that will create an industry giant valued at more than $45 billion.
Herbalife Nutrition saw sales rise 22.3% in its third quarter. The company said it plans to expand its manufacturing capability to meet increased demand.
The recent upheavals in the United States around race relations has the nation questioning the insidious role prejudice has played in many walks of life. One group is seeking to use that rekindled awareness as added leverage to ensure equal opportunity...
Dietary supplement manufacturer Pharmavite has filed a RICO lawsuit against the Clean Label Project, alleging that the organization’s testing and product grading activities amount to a protection racket.
Herbal supplements continued the strong growth they have enjoyed for over the past decade by notching an 8.6% sales gain in 2019, according to the American Botanical Council.
While sales of natural and organic products continue to grow in the high single- digits year-over-year, the industry’s lack of leadership diversity, including brands owned by people of color and women, is holding it back from its full market potential,...
The hemp/CBD industry may have gotten the cart before the horse in terms of extraction capacity and raw material supply, said an investment analyst familiar with the sector.
Not all supplement and food ingredient manufacturers have benefited from pandemic demand upticks. RiceBran Technologies said consumers stocking their pantries with rice meant it had less raw material to work with, which hurt financial results.
Multi level marketing company Nature’s Sunshine has reported flat to falling sales in all of its markets. In an earnings call, one analyst even suggested the company leave the markets in Latin America altogether.
CBD manufacturer CV Sciences has reported a sharp drop in revenue, but company officials said wider distribution and new launches—including a product that contains no CBD—promise a bright future.
Network marketing company Usana turned in solid results in its second quarter despite the interruption of face-to-face selling and recruitment that is the core of the MLM model.
Deerland said it has completed the integration of Danish firm Bifodan AS, which it acquired in 2019. The company said this means customers have seamless access to all of its products.
New Hope Network, a division of Informa Markets, has announced that its Expo East trade show, which had been scheduled for late September in Philadelphia, has been cancelled.
Neptune Wellness Solutions reported a 21% rise in full year earnings. The Canadian company took in $21.7 million in its most recent fiscal year, compared to $17.9 million for the year previously.
COVID-19 has accelerated a number of 'mega' consumer trends and halted others, according to the strategic market insight provider Euromonitor International, providing insight into how consumers' shopping habits are being shaped in the short...
CBD specialist Elixinol Global has managed to hit its capital raising target of AUD$11m (US$7.3m) following a two-stage fund raising exercise, which it believes is a proof of how its CBD supplements have resonated with its investors.
Based on strong sales of its cleaning products, The Clorox Company has increased its stock dividend. But supply bottlenecks meant sales of the company’s dietary supplements fell, bucking an industry trend.
Network marketing giant Herbalife has announced an agreement in principle with US authorities over a bribery scandal in China. The reported pact, which includes a $123 million fine, was part of the company’s first quarter earnings report, which came...
Supplement retailing giant GNC seems to have prevailed in its high stakes negotiations with its lenders. Bloomberg Law reported yesterday that the company won a postponement until August of a major payment that could have caused the company to sink into...
DSM Venturing has taken part in a €10m funding round that backs the efforts of British life science company Phynova and its mulberry leaf extract ingredient that addresses blood glucose levels.
GNC announced yesterday that is has received a notice from the New York Stock Exchange that is out of compliance with listing requirements because its stock price has been below $1 a share for more than 30 days.
The US Federal Trade Commission has sent 10 warning letters to network marketing companies whose participants it alleges have been making illegal COVID-19 treatment claims and earnings claims related to the pandemic crisis.
Dietary supplement retailing giant GNC has announced ‘significant’ layoffs and other measures meant to help the business survive the current economic dislocations caused by the coronavirus crisis.
Consumers seem to be turning to hemp and cannabis products during the current crisis, which has buoyed the near term outlook for Curaleaf, one of the largest companies in the sector, which posted strong revenue growth in its recent annual report.
Botanical ingredients have a history of thousands of years of supporting human health. As we enter springtime in the North Hemisphere it's comforting to reflect on the fact that that will still be true even as the current crisis passes.
The $2 trillion stimulus packaged passed unanimously by the US Senate this morning will have important implications for the dietary supplement industry that may help companies survive the worst of the coronavirus crisis impacts.
In recent years, many consumers chose to move away from brick and mortar stores to shop more conveniently online. Now the coronavirus outbreak is all but forcing them to do so.
Natural Products Expo West was supposed to be a launching pad for many new products. With the cancellation of the show and the many other coronavirus-related dislocations, natural products companies are scrambling to adapt.
CBD firm Charlotte’s Web reported $94.6 million in revenue in its annual report and announced an acquisition that expands its distribution into topical products.
Herbalife reported a 3% rise in sales for its full year, recording $4.9 billion in revenue. The increase was achieved even with sharp declines in China attributable to that country’s regulatory crackdown on multi level marketing companies.
Rising costs, unexpected operational challenges and the coronavirus impact has led to Blackmores halving its profits forecast and scrapping its dividend.
