Clif Bar selling company via ESOP
BERKELEY, Calif. Clif Bar on Tuesday announced the selling of family-owned common stock to its employees through an employee stock ownership plan.
Employees through the ESOP will own 20% of the company.
“All along we wanted to create a company where we would want to work,” stated Kit Crawford, Clif Bar & Co.’s co-CEO. “Employee ownership is one more way we could run a different kind of business: one that inspires a team of people to make the kind of delicious, nutritious food we’d like to eat, and that strives for a healthier, more sustainable world.”
No change in management structure will take place, the company stated.
Pepto-Bismol sponsors hot dog-eating contest
CINCINNATI Procter & Gamble and Major League Eating on Monday announced that Pepto-Bismol will be the first-ever stomach remedy sponsor of the annual Nathan’s Famous Fourth of July Hot Dog Eating Contest.
“We are very excited to welcome Pepto-Bismol on board as our newest sponsor,” stated George Shea, MLE president and emcee of the Nathan’s Hot Dog Eating Contest. “Pepto-Bismol has been around for more than 100 years, and in the 95 years of the contest, many people have often asked if the competitors experience stomach upsets and whether they use Pepto-Bismol. Nearly every eater does, and so for us, this sponsorship was a natural fit.”
“Nathan’s Hot Dog Eating Contest is the ultimate case in point of celebrating the summer with food, so we’re excited to announce our sponsorship of the event,” said Colleen Jay, VP P&G personal health care. “We wanted to show that whether you’ve gone a little overboard on your favorite food or eaten one too many hot dogs at your backyard BBQ this summer, turn to Pepto-Bismol.”
The Nathan’s Famous Hot Dog Eating Contest is an annual event that has become part of America’s Fourth of July celebration. The final event on Coney Island winds through many American cities, with regional qualifier competitions occurring at a variety of Nathan’s Famous retail locations.
Gaia Herbs’ Professional Solutions becomes EQP gold partner
BREVARD, N.C. Gaia Herbs professional division, under the brand name Professional Solutions, on Monday announced its acceptance as a gold partner in the Emerson Quality Program, a voluntary program for the nutritional supplement industry to help facilitate increased awareness of quality.
The objective of the EQP is to provide a convenient information portal for healthcare practitioners interested in recommending dietary supplements to their patients. “The launch of EQP was inspired by the knowledge that medical practitioners spent too much time searching for evidence and independent verification for supplements,” stated Fran Towey, president of Emerson Ecologics. “By making all the data needed to make informed decisions regarding quality and efficacy easily accessible, we have done this homework for them.”