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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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NYC All-You-Can-Eat Ice Cream Fest Offers Vegan Scoops

Three-day festival Scooper Bowl in Bryant Park will treat guests to ice cream of every variety, including dairy-free scoops from Van Leeuwen, Ben & Jerry's, and Häagen-Dazs.
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Animal Ag Companies Fined $29M for Destroying Amazon

The government of Brazil slapped a hefty fine on feed suppliers to meat and dairy companies that sell to McDonald's, Burger King, and Walmart for destroying the country's biodiverse Cerrado region for profit.
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Moby Retires from Touring to Focus on Activism

…and to make vegan smoothies every morning after waking up in his own bed.
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UK Version of Beyond Burger Expands Across London

British vegan brand Moving Mountains expands its B12 burger to five locations of meat-centric chain Dirty Bones—where it will be served topped with vegan mac and cheese.
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Legendary Canadian Rugby Player Starts Vegan Cheese Brand

Nick Blevins' vegan lifestyle improved his performance on the field so much that he established a plant-based cheese and yogurt company to educate others on the benefits of plants.
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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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