Pick And Pay Closed, VSI Board Changes: Health And Wellness Industry News Roundup
This article was originally published in The Rose Sheet
Executive Summary
Consent decree closes Pick and Pay more than four years after FDA found GMP and other problems; and Vitamin Shoppe will add Carlson Capital nominees to board
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A permanent injunction was ordered against Michael Floren and his businesses – EonNutra LLC, CDSM LLC and HABW LLC – under a consent decree that requires the businesses to recall their supplements, hire labeling and GMP experts and receive the agency’s approval before resuming operations.
Vitamin Shoppe Unlocks Customers’ Potential By Mining Purchasing Data
Vitamin Shoppe mines customer shopping data for cross-category promotions that “unlock the value” of average customers who buy about 14% of their wellness products from the firm. It reported total sales growth of 3.9% in the fourth quarter to $304.9m, but a $2.2m loss for its contract manufacturing business.
Vitamin Shoppe Expects Sales Slump To Pass With Promotion Strategy Change
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