Chobani News - vegconomist - the vegan business magazine

Chobani Launches New Oat and Pumpkin Drink for Fall Season

August 15, 2023

Chobani introduces Chobani Oatmilk Pumpkin Spice, a pumpkin flavored oat drink made from whole-grain oats. The product is vegan-friendly, a good source of calcium, dairy, and lactose-free, and designed as a beverage for the fall season, for which it is also bringing back the pumpkin-flavored Chobani Oat Coffee Creamer. Chobani filed for IPO in 2021. A year later, the company announced: “We have come to the tough conclusion that it does not make sense for Chobani to be in the dairy milk business at this time […] We did look at ways to evolve in order to continue servicing our customers, but at the end of the day, we thought it would be best to focus our resources and prioritize our core products, like yogurt, …

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Milk- and Dairy Alternatives

Chobani Says “It Does Not Make Sense to Be in the Dairy Milk Business at This Time”

May 2, 2022

Chobani, a leading dairy foods brand, has ended production of its latest line of dairy milk products after less than three months. The US yogurt brand will return focus to its key product lines, including its growing range of oat-based milks and other plant-based products. Chobani gained fame across North America for popularizing Greek yogurt, however, in recent years it has expanded into new markets including oat milk, oat-based yogurt, plant-based coffee creamers, and vegan probiotic drinks. The company recently launched a new dairy product line, Chobani Ultra-Filtered Milk, but has now dropped it. The company has not revealed the exact reasons for the discontinuation. As first reported by Food Dive, one possible reason could have been rising inflation, although with the conventional dairy industry …

Topics:

Oat Milk

Oat Yogurt

©Official Impossible Foods Facebook Page

Company News

Impossible Foods CEO Pat Brown Steps Down; Former Chobani Exec Will Take New Role

March 17, 2022

Pat Brown, the trailblazing scientist who founded Impossible Foods a decade ago, announces he is stepping down as the company’s CEO. Former Chobani COO Peter McGuinness will take over as chief executive on April 4, Brown stated in a letter posted online. Despite the changes, Brown says he will stay on with the company as its Chief Visionary Officer and director of the board. The transition is necessary, Brown wrote, because of the increasing difficulty balancing Impossible’s business operations with strategy and innovation. Brown wrote: “As Impossible’s business has grown in size, scale and complexity, the demands of that business have increasingly encroached on the time I have available to lead strategic initiatives; to communicate our mission to the public and policy-makers; and most importantly, to guide …

Topics:

Impossible Burger

Chobani Releases New Line of Plant-Based Coffee Creamers Ahead of IPO

February 28, 2022January 13, 2022

Chobani, a leading dairy foods brand, has announced the launch of Chobani Plant-Based Coffee Creamers. Available in four flavors – Sweet & Creamy, French Vanilla, Chocolate Hazelnut, and Caramel Macchiato – the new creamers blend plant-based ingredients to produce a rich, dairy-like taste. All four varieties are non-GMO and free from artificial flavors, sweeteners and preservatives. The latest products join Chobani’s growing coffee creamer selection, which includes the company’s existing range of dairy-free Oat Creamers. Moving to the forefront of plant-based milk Long known for its popular Greek yogurt, in 2019 Chobani premiered the company’s first coconut milk-based yogurt products, followed by a major expansion into oat-based milks, yogurts, yogurt cups and pre-biotic drinks. Recently, the company partnered with Tim Hortons, Canada’s largest quick service chain, …

Topics:

Creamer

©Tim Horton's

Products & Launches

Canadian Coffee Chain Tim Hortons Adds Chobani Oat Milk to 4,000 Locations

December 8, 2021

Canadian Coffee Chain Tim Hortons Adds Chobani Oat Milk to 4,000 Locations Tim Hortons, Canada’s largest quick-service restaurant chain, announced Chobani oat milk is now available across the company’s 4,000 Canadian locations. The oat-based alternative is lactose and gluten-free and can be added to any hot or iced beverage. The oat milk will also be featured in two limited-time releases, the Cinnamon Caramel Oat Latte and Cinnamon Caramel Oat Cold Brew, available at participating restaurants. “We’re happy to be serving Chobani oat beverage and giving our guests another option so they can personalize their coffee and other beverage orders just how they like it,” says Hope Bagozzi, Chief Marketing Officer for Tim Hortons. Tim Hortons is the latest major coffee chain to incorporate oat milk …

Topics:

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US Yogurt Maker Chobani Files for Expected $10Bn IPO Following 14% Sales Increase

September 11, 2023November 18, 2021

Greek yogurt maker Chobani has filed for an IPO and will trade on the Nasdaq under the ticker symbol CHO, with the equity sale expected to value the business at over $10 billion. The New York-based company has been moving increasingly into alt dairy with a selection of plant-based offerings along with its conventional lines. Meaning shepherd in Turkish, Chobani was founded in 2005 by Hamdi Ulukaya, a Turkish immigrant to the US who bought an old yogurt plant with a small loan. The company revealed its finances for the first time in its filing for an IPO, showing a nearly 14% jump in net sales. Chobani has expanded with a plant-based range of oat-based drinks, cultured oat blends, dairy-free Greek yogurts, and probiotic drinks …

Topics:

Oat Yogurt

Chobani Considers IPO of $7-10 Billion For a Plant-Based Future

September 11, 2023February 8, 2021

After moving into plant-based products over recent years, US yogurt producer Chobani LLC, is considering an IPO later this year, with plans to be at the forefront of the rapidly growing dairy alternative market. The move mirrors others from major dairy product players with an eye on the expanding plant-based market. Having previously launched oat-based drinks and blends, Chobani, the company said to have made Greek yogurt mainstream, last year released dairy-free yogurts and vegan probiotic drinks. Speaking at the time, Peter McGuinness, President of Chobani stated: “Natural nutrition is a driving focus of our future.” The New York-based producer is said to be seeking an offering that could set its value between $7 billion to $10 billion, and is currently working with experts to …

Topics:

IPO

Yogurt

©Chobani

Beverages

Chobani Launches Line of Vegan PreBiotic Drinks

March 2, 2022July 24, 2020

Following news last year that Chobani, had launched a plant-based range of oat-based drinks, cultured oat blends, and dairy-based creamers; the US brand now announces it is extending that range for launch this month, to include dairy-free Greek yogurts and probiotic drinks.

Topics:

©Chobani

Chobani Unveils Biggest Ever Expansion With New Oat-Based Products

November 20, 2019

Chobani, America’s #1 Greek Yogurt Brand, has announced the company’s biggest expansion ever with an entire platform of oat-based drinks and cultured oat blends and dairy-based creamers. Starting this month, Chobani is marking a historic first by launching several new items outside of the yogurt sector, with its oat drinks and creamers.

Topics:

Oat Milk

Oat Yogurt

Oats

teaRIOT Energy Drinks Now Available US-Wide at Whole Foods

May 28, 2019

teaRIOT’s plant-based energy drink, which is made from natural and organically-grown ingredients, is designed to deliver positive energy without compromising on performance. The line of tea beverages is now available at Whole Foods Markets.

Topics:

Drinks

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information for decision-makers