Lifeway Kefir now available at Tesco stores in Ireland
MORTON 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 the distribution of kefir in the Irish market with a listing at Tesco. The initial supply of Lifeway Kefir 1L bottles is now being shipped and available on the shelves.
“Our success in Ireland has been crucial to our European business plan,” said Julie Smolyansky, CEO of Lifeway. “We are delighted to bring our kefir to an even wider buying audience in Ireland and look forward to continuing to expand the flavors and assortment. Tesco’s history of leadership in the grocery industry is well documented, and we are proud to partner with them as we continue our mission of bringing healthy products to people around the world.
Last year, Tesco reported that the demand for kefir drinks increased by 400%. In addition, Research and Markets released a report on the kefir market that said it expects global kefir sales to reach US $ 2.05 billion by 2025, in part due to the rise in consumption induced by the focus on digestive health and immune support linked to COVID-19.
About Lifeway Foods
Lifeway Foods, Inc., which was recognized as one of the Best Small Businesses by Forbes, is the leading U.S. supplier of the probiotic fermented drink known as kefir. In addition to its drinkable kefir line, the company also produces cheese and a ProBugs line for children. Lifeway’s tangy and tangy fermented dairy products are now sold in the United States, Mexico, Ireland, France and the United Kingdom. Find out how Lifeway is good for more than you at lifewayfoods.com.
All statements contained in this press release (and oral statements made regarding the subjects of this press release) contain “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995 concerning, among other things, future operational and financial performance, product development, market position, business strategy and objectives. These statements use words and word variations, such as “expect”, “vision”, “will”, “anticipate”, “grow” and “trend”. Other examples of forward-looking statements may include, but are not limited to, (i) statements of the Company’s plans and objectives, including the introduction of new products, or stock estimates or forecasts. by customers or suppliers, (ii) statements of future economic prospects and (III) statements of assumptions underlying other statements and statements concerning Lifeway or its business. You are cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events and are therefore inherently subject to uncertainty. If the underlying assumptions prove to be incorrect or if known or unknown risks or uncertainties materialize, actual results could differ materially from Lifeway’s expectations and projections. These risks, uncertainties and other factors include: price competition; decisions of customers or consumers; the actions of competitors; changes in the price of commodities; the effects of government regulation; possible delays in the introduction of new products; and customer acceptance of products and services. A further list and description of these risks, uncertainties and other factors can be found in Lifeway’s annual report on Form 10-K for the year ended December 31, 2020, and the company’s subsequent filings with the SEC. Copies of these documents are available online at https://www.sec.gov, http://lifewaykefir.com/investor-relations/, or on request from Lifeway. The information contained in this press release corresponds to the dates and periods indicated here, and Lifeway does not undertake to update the information contained in these documents, except as required by law. Therefore, YOU SHOULD NOT RELY ON THE ACCURACY OF THE STATEMENTS OR OTHER INFORMATION CONTAINED IN ANY ARCHIVED PRESS RELEASE.
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