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Coca-Cola Acquires Dairy-Free Companies

The soda giant diversifies its portfolio with dairy-free holdings to offset falling profits from sugar slump.

Soda giant The Coca-Cola Company recently made several investments in international dairy-free companies. According to Nasdaq, the company—which owns 500 brands—has experienced a downturn in sales due to changing consumer preferences. To diversify away from sugar-laden products, Coca-Cola acquired Chinese plant-based protein beverage company China Green Culiangwang Beverages Holdings late last year. Last June, Coca-Cola also purchased soy-based beverage company AdeS—based in Latin America—for $575 million from global corporation Unilever. Stock market analytics firm Zacks Equity Research said these acquisitions are a “major portfolio diversification step that most shareholders should appreciate.” Coca Cola isn’t the only corporation looking to the plant-based industry for growth opportunities. Last year, chicken producer Tyson Foods made an undisclosed investment in vegan company Beyond Meat, drawing from a $150 million investment fund the meat giant set up to be used exclusively for the purpose of investing in meat alternatives.

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Farmers Feed Cows Skittles as "Cheap Carbs"

A red Skittles spill on the roads of Wisconsin leads to the discovery that local farmers fatten cows up on candy.
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Veggie Burger Sales at Nordic "McDonald's" Quadruple

Sweden's popular chain fast-food restaurant Max introduced four meatless burgers last year and saw sales soar.
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New York Grilled Cheese Co. Debuts Vegan Option

The Florida-based shop launches a vegan melt to meet vocal customer demand.
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Herbivorous Butcher to Open Farm Animal Sanctuary

New sanctuary Herbivorous Acres was announced during celebration of vegan butcher shop's first anniversary.
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Eating Hot Red Chilli Peppers Prolongs Life

Mounting evidence points to the plant's life-preserving powers in protecting against obesity, cardiovascular disease, and more.
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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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