Chobani

Daily Harvest

© Daily Harvest
Investments & Acquisitions

Plant-Based Startup Daily Harvest Acquired by Dairy Giant Chobani

Daily Harvest, a US startup offering plant-based smoothies, snacks, protein products, and ready meals, has been acquired by dairy giant Chobani for an undisclosed sum. The acquisition marks Chobani’s entry into the ready-to-make meals category. Daily Harvest was founded in 2015 to improve consumers’ access to convenient, organic foods rich in fruits and vegetables. In a statement, the startup said its products, website, and team would remain unchanged following the acquisition. “I’m excited to share a new chapter in our journey,” said Ricky Silver, CEO of Daily Harvest. “Daily Harvest is officially joining the Chobani family, a company whose values and vision beautifully align with our own. Like us, Chobani is deeply committed to nourishing people, uplifting communities, and using business as a force for …

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Chobani Pumpkin Spice

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Beverages

Chobani Launches New Oat and Pumpkin Drink for Fall Season

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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Chobani Oat Drinks four flavors

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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”

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 …

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Impossible Foods Pat Brown

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Company News

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

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 …

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Chobai Plant-Based Coffee Creamers

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Products & Launches

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

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, …

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Tim Horton's Adds Chobani Oat Milk

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Products & Launches

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

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 …

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Chobani Oat Drinks four flavors

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Stock market

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

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 …

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Chobani

©Chobani
Stock market

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

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 …

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