Is Lifeway Kefir Made From Live Kefir Grains

Lifeway Foods, a US-based manufacturer of fermented milk product kefir, has become the subject of an apparent family feud after directors Ludmila and Edward Smolyansky moved to remove Julie Smolyansky as the company’s CEO.

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Ludmila, Julie’s mother and Edward, her brother, together own 34.9% of the company’s shares. Julie, who became Lifeway’s CEO in 2002 at the age of 27, has a 13.2% stake in the firm.

Lifeway Organic Probiotic Whole Milk Plain Kefir Case

“The reporting persons notified the board of directors of Lifeway Foods, Inc. of their belief that the company should replace the company’s chief executive officer and commence an exploration of the company’s strategic alternatives, ” it said.

In August, Lifeway, which has annual revenues of around US$120m, acquired GlenOaks Farms, a local probiotic drinkable yogurt brand founded in 1984, for $5.8m and in September sought to extend its product portfolio with the launch of oat milk.

Danone did not want to comment on the situation or on its strategy for its investment in Lifeway when contacted by Just Food. Lifeway did not respond to a request for comment.

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“The reporting persons notified the board of directors of Lifeway Foods, Inc. of their belief that the company should replace the company’s chief executive officer and commence an exploration of the company’s strategic alternatives, ” it said.

In August, Lifeway, which has annual revenues of around US$120m, acquired GlenOaks Farms, a local probiotic drinkable yogurt brand founded in 1984, for $5.8m and in September sought to extend its product portfolio with the launch of oat milk.

Danone did not want to comment on the situation or on its strategy for its investment in Lifeway when contacted by Just Food. Lifeway did not respond to a request for comment.

What's New At Lifeway!

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“The reporting persons notified the board of directors of Lifeway Foods, Inc. of their belief that the company should replace the company’s chief executive officer and commence an exploration of the company’s strategic alternatives, ” it said.

In August, Lifeway, which has annual revenues of around US$120m, acquired GlenOaks Farms, a local probiotic drinkable yogurt brand founded in 1984, for $5.8m and in September sought to extend its product portfolio with the launch of oat milk.

Danone did not want to comment on the situation or on its strategy for its investment in Lifeway when contacted by Just Food. Lifeway did not respond to a request for comment.

What's New At Lifeway!

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