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Danone's New Vegan Brands Drive $760M Profit Spike

The $12.5 billion acquisition of WhiteWave—known for its plant-based brands—proves to be a profitable move for the French yogurt brand.

France-based international dairy company Danone released its third quarter (Q3 2017) earnings report this week which showed a significant increase in profits. The company revealed that it earned $1.5 billion this quarter—a sizeable increase from the $783 million Danone reported in earnings this time last year. The company’s Q3 report credited the growth to its recent $12.5 billion acquisition of WhiteWave—the parent company of vegan brands So Delicious, Silk, Vega, and Alpro. “Plant-based foods and beverages delivered positive growth driven by improved plant-based beverage velocities and a very strong sales performance from Vega and So Delicious frozen desserts,” the report said. “In the United States retail channel, plant-based beverages category growth accelerated in Q3 2017, driven by nut-based beverages.” Danone’s Q3 2017 earnings are consistent with market predictions for the plant-based milk sector, which place the industry at $35 billion by 2024.

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POC-Owned Vegan Lipstick Brand Debuts at Target

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New Bleeding Vegan Burger Debuts at Costco

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Craft Brewery Modern Times Opens Vegan Lounge

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Kat Von D Honors Drag Queen Divine with New Makeup Line

The vegan makeup mogul creates an eyeshadow palette and lipstick to celebrate the life of the legendary drag queen and promote self-expression, artistry, and positivity.
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NYC Fashion Mogul to Debut Vegan Cheese Brand

Joshua Katcher—founder of vegan fashion brand Brave Gentleman—has teamed with vegan tattoo shop owner Dina DiCenso to launch artisanal vegan cheese brand RIND.
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This Week on VegNews TV: The secret to these delightful sweet treats is white beans! Aylin Erman shows you how to make these simple blondies.

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