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

Moby Sells 100 Musical Instruments to Help Vegan Doctors

The vegan activist has opened an online shop for his prized music equipment to raise funds in support of vegan medical group Physicians Committee for Responsible Medicine.
Read More »

Cardi B Feasts on Vegan Food at Coachella

The celebrated songstress and fellow musicians Migos, Daniel Caesar, Ghostface Killah, Kelela, and Beyoncé's crew enjoyed vegan food at Coachella thanks to vegan chef Lauren Von Der Pool.
Read More »

Kevin Smith Officially Goes Vegan

The famed director's vegan daughter Harley Quinn Smith confirmed that her father—who recently had a massive heart attack—has gone vegan and loves Veggie Grill's nachos.
Read More »

Vegan Croissants Crowned as Best in Miami

L'Artisane Creative Bakery is the first vegan bakery to take the top spot in annual competition Croissant Battle Miami.
Read More »

Vegan Chocolate Cake-Scented Bus Stop Erected in London

Londoners can now smell the sweet aroma of BOSH!'s chocolate fudge cake while waiting for the bus.
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 »