News

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.

More News

A&W Adds Vegan Beyond Burger to 925 Locations

Beyond Meat's partnership with A&W Canada will put its vegan patty on the menu at 10,000 points of distribution.
Read More »

Sweden's Top Fast-Food Chain Debuts Vegan Milkshakes

Max Burgers' new vegan milkshakes will eventually replace all dairy-based milkshakes and are part of a longer-term goal to increase the plant-based options on its menu.
Read More »

French Foie Gras Restaurant To Go Vegan

London-based fine-dining restaurant Gauthier Soho will go vegan after owner Alexis Gauthier learned of the horrors inherent in animal agriculture, particularly in foie gras production.
Read More »

Pride Toronto Adds Plant-Based Zone for Queer Vegans

Fest-goers will be treated to vegan rainbow mac and cheese, soups, salads, snacks, and beauty products, while chilling out amongst glowing palm trees in a new area dedicated to everything cruelty-free.
Read More »

52 New York Dairy Farms Lose Wholesale Contracts

Dairy suppliers cannot sell their milk as demand for dairy continues to plummet.
Read More »

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.

More Videos »