By Alec Mattinson2021-03-04T08:56:00+00:00
Fruit and juice supplier Orchard House has hired former Premier Foods boss Gavin Darby as chairman to bolster its growth under new ownership.
The producer of fresh fruit drinks, prepared fruit and fruit-based desserts has bought in Darby following its acquisition by private equity investor Elaghmore from Hain Celestial in January.
Darby will work with Elaghmore and the Orchard House management team to grow the business, primarily through NPD, unlocking manufacturing efficiencies and growing its customer base.
Darby was previously CEO of Premier Foods for six years until 2019, leading its turnaround efforts to drive the company back into branded growth.
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Parents Erupt Over FDA Failure To Regulate Toxic Metals in Food
Lead, arsenic and cadmium are commonly found in baby foods, but also in many of the ingredients families use to make their own.
A congressional report found that four major baby food brands Beech-Nut, Gerber, Earth’s Best Organic and HappyBABY sold products that their own internal testing showed contained arsenic, lead and cadmium at levels far higher than what most health experts consider safe for infants. | Mario Tama/Getty Images
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When Congress released a report this month finding that popular baby foods contain worrisome levels of toxic heavy metals, the reaction was swift.
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Lawsuits Allege Baby Food Manufacturers Failed to Disclose Lead, Arsenic in Product
On 2/25/21 at 6:52 PM EST
Baby food manufacturers are facing mounting class action lawsuits for allegedly failing to disclose that their products contain dangerous amounts of heavy metals.
Manufacturer Beech-Nut has recently been hit with at least four class action suits. A class action complaint filed last week alleges that the company s packaging failed to disclose that it contained heavy metals or other unnatural ingredients that do not conform to the products labels, packaging, advertising, and statements.
In addition to Beech-Nut, other manufacturers including Gerber, Hain Celestial, Plum Organics, Earth s Best Organic and Nurture Inc are facing similar legal actions. The companies were all named in a February 4 report from the House Oversight and Reform Subcommittee on Economic and Consumer Policy, which found that commercial baby foods are tainted with significant levels of toxic heavy
George Soros’ Top 10 Stock Picks
In this article, we reviewed George Soros’ top 10 stock picks to see how the legendary investor’s stock-picking strategies performed in 2020 and what are the prospects for 2021. You can skip our detailed discussion of Soros Fund Management’s performance, George Soros’ theory of reflexivity and its relevance and go to George Soros’ Top 5 Stock Picks.
George Soros, 90, continues showing that age doesn’t matter when it comes to investing in stock markets because the legendary investor has generated robust returns in the pandemic year. Several of his top ten stock holdings have outperformed the broader market index by a wide margin. Soros Fund Management, which is not open to external investors, benefited from its aggressive portfolio adjustment strategies and investments in high-growth companies. For instance, after initiating a position in the second quarter, the firm sold out its DraftKings (NASDAQ: DKNG) position during the fourth quar