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Dairy Giant Dean Foods Hits Six-Year Low

The dairy company struggles as consumers turn to plant-based milk brands.

Stock-share values for dairy brand Dean Foods Co. fell by as much as 8.9 percent this week, marking a six-year low for the company. “Americans are turning away from milk amid a wealth of other beverage options and as non-dairy substitutes like almond and oat milk gain popularity,” Bloomberg Markets writer Megan Durisian wrote. Dean Foods reported a 91-percent decrease in profits in its third fiscal quarter of 2017 and will end its contracts with several milk suppliers on May 31, citing a lack of consumer interest in dairy amid overproduction of animal-based milk. Last year, the company’s CEO Ralph Scozzafava explained that he intends to focus on diversifying the dairy brand’s portfolio after investing a minority stake in flax-based vegan brand Good Karma Foods.

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Vegan Burger Bar Pops Up for Earth Day

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100,000-Square-Foot Vegan Block Party Hits LA

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Luxe Shop Debuts Vegan Avocado-Shaped Ice Cream

London's luxury gelato stand Snowflake sells vegan ice cream made from, and shaped like, an avocado, complete with an edible pit.
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IKEA Promotes Plant-Based Eating for Earth Day

The furniture chain sent a newsletter in time for Earth Day with three plant-based recipes it says are good for your body and the planet.
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'50s Style Vegan Diner Opens in Michigan

Former Detroit-area food truck Shimmy Shack's new retro diner will serve Coney dogs, burgers, and shakes, and host birthday parties, gift-basket making events, and vegan vintage clothing pop-ups.
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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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