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Danone Credits Plant-Based Brands for Profit Growth

The international food company's acquisition of plant-based brands Silk, So Delicious, and Vega proves successful as these products have "delivered strong sales growth."

Multinational food corporation Danone recently released its earnings report for the first quarter of 2018 which showed a large increase in profits. The company credited its plant-based brands as a major component of its more than $7.2 billion in sales this quarter. “Plant-based foods and beverages again delivered strong sales growth,” the report stated, “driven by the ongoing rebound in nut-based beverages, successful media and marketing campaigns, and premium innovations.” In 2016, Danone acquired WhiteWave Foods—parent company of plant-based brands such as Silk, So Delicious, Vega, and Alpro—for $12.5 billion, forming new conglomerate DanonWave, and has consistently reported increased growth driven by its plant-based holdings.

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Kroger Launches Vegan Recipe Contest

Food Network chef Ellie Krieger will choose the winning recipe, and prizes include $1,000 cash, a Vitamix, and more.
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Vegan Shoe Brand MINK Sells 10,000 Pairs in 2018

Sales of the brand's vegan Louboutin-style shoes increased dramatically since 2006, and it now caters to celebrity clients such as Miley Cyrus.
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Global Pizza Chain Adds Vegan Cheese to US Locations

International pizza chain Piola now features Follow Your Heart's vegan cheese at 10 locations across Texas, Florida, North Carolina, and Virginia.
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DIY Asian Bowl Chain Adds Vegan Meat to Menu

Wok Box in Canada sees opportunity to grow a new customer base with plant-based protein options.
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Kat Von D Plans to Throw a Big Fat Vegan Wedding

The pregnant makeup mogul will throw a vegan wedding bash where guests will receive a custom-made Kat Von D Beauty lipstick.
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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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