News

Silk, Vega Products Help WhiteWave Earn Massive Gains

Success and popularity of vegan brands are proving to be a windfall for parent company as it sees a 28 percent increase in income in just three months.

WhiteWave Foods has released its quarterly earnings for the beginning of 2016, seeing its net income rising by 28 percent to $43 million in the first three months of the year. The packaged food and beverage distributor owns plant-based companies Silk, So Delicious, and Vega, all of which are attributed with boosting the company’s profits. “We are off to a very good start in 2016,” Gregg Engles, chairman and chief executive officer, said. The company’s business unit that handles United States foods and beverages has seen sales rise 15 percent to $895 million, largely in thanks to its acquiring of plant-based nutritional product-makers Vega in 2015—sales of which are up more than 50 percent from last year. Engles also alluded to a push to Latin American markets, speaking of plans to introduce Silk’s line of non-dairy products into Mexico as a first-step in a southward expansion.

More News

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.
Read More »

Rooney Mara Launches Luxury Vegan Fashion Line

New fashion brand Hiraeth includes faux-leather pants, velvet garments, and combat boots—all made ethically in Los Angeles.
Read More »

NYC Meat Emporium Now Serves Vegan Beyond Sausage

Sausage bar Schaller's Stube—an offshoot of 80-year-old meat company Schaller & Weber—has added three vegan hot dog options to its menu.
Read More »

Vegan Truffles Beat 141 Brands in Blind Taste Test

Chocolates made by United Kingdom brand Booja-Booja received top honors in Good Housekeeping's annual Easter Egg Taste Test.
Read More »

POC-Owned Vegan Lipstick Brand Debuts at Target

Vegan Bawse Lady red lipstick, and other hues aimed at women of all skin tones, will be available at 100 Target stores by May.
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 »