Business
Lifeway Foods Announces Expanded Distribution in Ireland
Lifeway Kefir Now Available at Tesco Stores in Ireland MORTON GROVE, Ill., Aug. 12, 2021 (GLOBE NEWSWIRE) -- Lifeway Foods, Inc. (Nasdaq: LWAY) (“Lifeway” or
About this update from Lifeway Foods, Inc.
[{"type":"text","content":"Lifeway Kefir Now Available at Tesco Stores in Ireland\nMORTON GROVE, Ill., Aug. 12, 2021 (GLOBE NEWSWIRE) -- Lifeway Foods, Inc. (Nasdaq: LWAY) (“Lifeway” or “the Company”), the leading U.S. manufacturer of kefir and fermented probiotic products, announced the expansion of kefir distribution in the Irish market with a listing at Tesco. The initial offering of 1L Lifeway Kefir bottles is now shipping and available on shelves. “Our success in Ireland has been crucial to our European business plan,” said Lifeway CEO Julie Smolyansky. “We are excited to bring our kefir to an even greater audience of shoppers in Ireland and look forward to continued flavor and assortment expansion. Tesco’s history of leadership in the grocery space is well documented, and we’re proud to partner with them as we continue our mission to bring healthy products to people around the world.” Last year, Tesco reported that demand for kefir drinks was up 400%. Additionally, Research and Markets released a report on the kefir market that stated they expect global kefir sales to grow to $2.05 billion USD by 2025, due in part to the surge in consumption prompted by a focus on digestive health and immune support related to COVID-19. About Lifeway FoodsLifeway Foods, Inc., which has been recognized as one of Forbes' Best Small Companies, is America's leading supplier of the probiotic, fermented beverage known as kefir. In addition to its line of drinkable kefir, the company also produces cheese and a ProBugs line for kids. Lifeway's tart and tangy fermented dairy products are now sold across the United States, Mexico, Ireland, France and the United Kingdom. Learn how Lifeway is good for more than just you at lifewayfoods.com. Forward-Looking Statements All statements in this release (and oral statements made regarding the subjects of this release) contain “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995 regarding, among other things, future operating and financial performance, product development, market position, business strategy and objectives. These statements use words, and variations of words, such as “expect,” “vision,” “will,” “predict,” “grow,” and “trend.” Other examples of forward looking statements may include, but are not limited to, (i) statements of Company plans and objectives, including the introduct...