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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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Miami's Plant-Based SEED Food & Wine Festival Debuts in LA

SEED and Eat Drink Vegan will join forces this year to bring an epic vegan festival to Los Angeles.
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Chipotle Adds Quinoa to its NYC Test Kitchen Menu

In addition to sofritas, vegans might soon have another plant-based protein option at Chipotle—a blend of gold and red quinoa spiced with turmeric, citrus juice, and cilantro.
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Vegan Fashion Brand VAUTE Profiled on PBS

The brand's founder Leanne Mai-ly Hilgart spoke about her mission to create functional and fabulous vegan clothes to eliminate animal cruelty in the fashion industry.
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New Investor Coalition to Combat Meat Problem in China

Toronto-based Dao Foods International will promote plant-based and clean meat in China to curb the country's growing appetite for animal products.
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IKEA Debuts Plant-Based Hot Dogs

The furniture giant debuted the new animal-free option at a single store in Sweden with plans to expand the offering across Europe by August.
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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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