The Greek yogurt maker has abruptly exited the dairy milk business, announcing on Tuesday that it will cease production on its refrigerated Ultra-Filtered Milk, which debuted nationally in February in Whole, Reduced Fat (2%), Skim and Chocolate varieties.
After announcing last week the departure of longtime president and COO Peter McGuinness, Chobani is actively reconstructing its leadership team, starting with the reappointment of former executive Kevin Burns as president and COO.
After establishing a presence in oat milk over the last three years, Chobani is seeking to build on the other side of the divide with the national launch of two new refrigerated dairy platforms this month: Ultra Filtered Milk and Half & Half.
Yogurt and beverage producer Chobani announced today that it has filed a registration statement with the Securities and Exchange Commission (SEC) for a potential Initial Public Offering (IPO). The company did not detail a proposed valuation, a potential stock price or a timeline for an IPO. The valuation could be in excess of $10 billion, according to a Reuters report.
Chobani has teamed with PepsiCo to further its ambitions in the refrigerated space through a pilot distribution program that will take the yogurt maker’s products into convenience retailers, colleges and universities across the Northeast starting this month.
Building out their stake in rising consumer trends like gut health and plant-based diets, Chobani this month is releasing a broad slate of new products, including the Chobani Probiotics line of yogurts and drinks, and flavor extensions to its existing oat milk and creamers portfolio.
Chobani today announced the national launch of two new product ranges that are set to expand the yogurt company’s presence into new categories, formats and use occasions.
Backed by new funding, United Kingdom-based sustainable food and beverage packaging startup Notpla, maker of edible water pods, is focusing on expanding into other markets and applications, according to a profile in Fast Company last week.
With eyes on expanding beyond the yogurt set, Chobani today announced the launch of a range of new both dairy and plant-based products, including its entry into the fast-growing oat “milk” category.
Yogurt maker Chobani is collaborating with Fair Trade USA on a new label that certifies the milk used in its products is sourced from farms that meet “comprehensive” standards for animal welfare and employee rights.
