Inflationary pressures and currency fluctuations have impacted Nature Sunshine’s results, leading the multi-level marketing company to reformulate some products with cheaper ingredients and revamp manufacturing in an effort to control costs.
Inflation and continued COVID related problems in Asia hit network marketing company Usana’s earnings hard. Traders responded by pummeling the company’s stock, which at one point on Tuesday had fallen by more than 17%.
Legacy sports nutrition brand Bodybuilding.com has thrown in with a rising affiliate marketing platform that specializes in revamping struggling brands for success via online sales.
DSM and Firmenich’s mooted 2023 ‘Merger of Equals’ will create a nutrition, food ingredients and fragrances behemoth with 277 years of collective business experience and a combined annual revenue pushing towards €12 billion (£10.2bn).
Branded ingredient supplier ChromaDex announced an 18% sales gain in a recent earrings report. A continued push to increase the science behind its TruNiagen brand is part of the reason, the company’s co-founder said.
Natural Grocers said the supplier network and customer loyalty it has built up over years has enabled it to restrain inflationary cost increases and to pass on whatever price hikes are necessary onto consumers without much pushback, helping the company...
Omaha-based supplement marketer FitLife Brands has reported promising full year revenue that comes with a serious caveat in that the company may need to restate its financial results going back to its 2019 fiscal year.
Activist investor Bill Ackman, who once attacked multi-level marketing company Herbalife on the grounds that it was an illegal pyramid scheme, has sworn off future short selling campaigns.
San Diego-based CV Sciences, one of the bell-weather companies in the hemp and CBD space, has reported a decline in revenues for the past financial year, but new initiatives have positioned the company for long-term growth, says its CEO.
Multi level marketing company Nature’s Sunshine has recorded a sixth straight quarter of rapid growth. But as the company has significant operations in Russia and Ukraine, the war has complicated the company’s task of forecasting future results.
Big Bold Health, a company bent popularizing the immune health benefits of a particular legacy crop, has announced $4 million in funding from a venture capital firm.
Energy drink firm Celsius reported passing the $100 million quarterly revenue mark in its recent year end earnings filing. The company made strides in both brick and mortar distribution and greater penetration in online platforms.
International Flavors and Fragrances has continued its strong push into the health and wellness space with the purchase of Oregon-based contract manufacturer Health Wright Products, LLC.
Healthycell, a supplement marketer that relies on a proprietary delivery technology as a differentiator, announced it has raised additional funds through a crowdfunding platform.
Canadian firm Relevium Technologies says it will file its belated financial statements by the end of January 2022, which would lift a ban placed by regulators on sales of stock by the company’s management.
The cash injection will enable Verdify to roll-out global expansion plans and enhance data collection protocols, brand endorsements and digital link ups with major retailers.
Mérieux NutriSciences has announced the acquisition of Utah firm Dyad Labs as the company bolsters its footprint in the dietary supplements industry in North America.
Network marketing company LifeVantage is planning to refocus on a foundational product as part of a personalization strategy in an attempt to arrest a soft spot in revenues.
The US Securities and Exchange Commission has indicted CanaFarma hemp and its two cofounders with fraudulently raising about $15 million from investors, and misappropriating approximately $4 million of that for personal and nonbusiness purposes.
A recent report on sales of botanical supplements was mostly very good news for the industry. But one prominent ingredient — turmeric — saw sales flatten or even decline.
Cyanotech, a legacy firm producing spirulina and astaxanthin supplements, reported a return to strong growth after a year of flat financial results in 2020.
Natural Grocers reported a decrease in sales momentum in the third quarter of its fiscal 2021 when compared to last year’s pandemic-fueled buying spree. But the company’s private label supplements sales buoyed results.
In concord with a trend affecting most of the multi level marketing companies selling dietary supplements, Nature’s Sunshine has posted another quarter of record results, buoyed by surging sales in Asia, South America and Poland.
Usana Health Sciences has reached another earnings milestone as the company topped $330 million in revenue for its most recent financial reporting period.
A new $15 million investment will help prebiotic manufacturer Prenexus Health finally hit commercial scale production for its unique prebiotic xylooligosaccharide ingredient.
In an industry populated with many privately held firms, two dietary supplement manufacturers — Thorne and Nutraceutical International — have filed for IPOs, each set at $100 million as the initial target size of the deals.
Nutrachampion Loren Israelsen said he’s grateful that the award signifies that decades later his peers think he’s still contributing in a meaningful way to the industry that he helped create.
Starting this month, GNC will expand its presence by offering a selection of essential everyday vitamins, merchandised in several different formats, at Walmart and Walmart.com.
Now that Nestlé has completed its acquisition of brands of The Bountiful Co. observers expect the CPG giant’s move into nutrition and wellness will continue to gather steam.
US nutricosmetics firm Seppic has acquired the French ingredients supplier EPI France as it aims to strengthen its position as a leader in the beauty-from-within category.
Network marketing company Usana has leveraged a recent investment in a nutrition bar and protein products manufacturer to help drive another record sales quarter.
Swiss nutrition giant Nestlé has reportedly confirmed that it will acquire The Bountiful Co. prior to a planned initial public offering for the maker of Nature’s Bounty supplements.
A ‘superfoods’ supplement startup is on track to rack-up half a million pounds worth of sales this month after a heroic appearance on the popular investment programme 'Dragon's Den'.
HempFusion, a manufacturer of CBD-containing ingestible and topical products, said a successful initial public offering and a refocus of its digital sales efforts will position the brand to become one of the major hemp/CBD players in 2021.
Long suffering sports brand MusclePharm gave signs of finally turning a corner with its year end statement that reported a profit even as sales fell year over year.
DSM has today (31 March) agreed to acquire the flavour and fragrance (F&F) business of US-based biotech firm Amyris, extending its portfolio with bio-based ingredients for the flavor and fragrance and cosmetics industries.
Supplement marketer FitLife Brands prospered in 2020 despite the bankruptcy of GNC, its biggest customer. The company recorded the highest annual revenue it has achieved for a number of years.
Swedish probiotics firm BioGaia is to form a new investment subsidiary that looks to identify and invest in smaller companies that includes one developing products to strengthen the skin microbiome.
Riding a great year for the dietary supplement industry and for multi level marketing companies in general Nature’s Sunshine notched its best quarter ever as it reported its 2020 year end final results.
The Organic and Natural Health Association has announced a charitable campaign with the ultimate goal of making an industry that is overwhelmingly white and male more inclusive.
International Flavors & Fragrances Inc (IFF) and DuPont’s Nutrition & Biosciences (“N&B”) completed their €40.7bn merger yesterday (February 1st) and revealed a modernised identity for the new industry giant.
Israeli company NextFerm Technologies Inc. has raised $9.2 million in an initial public offering on the Tel Aviv stock exchange, the company announced today.
With the US government putting Facebook in the middle of its antitrust crosshairs, it’s a good time for supplement brands that rely heavily on social media platforms to review their marketing strategy, an expert says.
DuPont and IFF have received final regulatory approval from the European Commission for a merger that will create an industry giant valued at more than $45 billion.
