Our take: Irwin Simon announced his departure in June. What does the future hold for healthy-food legacy company... | ------------
The operating landscape has changed a bit since Irwin Simon founded Hain Celestial 25 years ago to fill what he saw as a gap in the U.S. market for organic and better-for-you foods.
While Simon's ideals were perhaps deemed as visionary back in 1993, other food industry players have slowly caught up as consumer appetite for more healthy-eating options ballooned.
'Big Food' manufacturers and retailers are increasingly embracing the natural food trend, either with their own innovative products or by snapping up smaller start-up enterprises, with the added competition ultimately putting pressure on prices and margins across the category.
New York-based Hain is now reportedly facing pressure from activist investor Engaged Capital to sell-off the Nasdaq-listed firm to increase shareholder value.
Or at the very least, a piecemeal disposal of a product portfolio fattened by acquisitions and numbering in excess of 57 brands, including Earth's Best baby food and Terra snacks in the U.S., as well as from deals done across the pond such as Tilda rice and Linda McCartney veggie foods.
thumbnail courtesy of just-food.com