We use our own and third-party cookies to optimize your experience on this site, including to maintain user sessions. Without these cookies our site will not function well. If you continue browsing our site we take that to mean that you understand and accept how we use the cookies. If you wish to decline our cookies we will redirect you to Google.
Already have an account? Sign in.

 Remember Me | Forgot Your Password?

Food Manufacturers Profit From Obesity And Diet-Obsessed Market

August 7, 2013: 12:00 AM EST
Some of the world’s leading food companies are making money from obesity by buying into the diet industry. For example, Weight Watchers, which was founded by Jean Nidetch in the early 1960s, was acquired by Heinz in 1978, which then sold the company to investment firm Artal for $735 million in 1999. Also, Slimfast, a liquid meal replacement invented by chemist and entrepreneur Danny Abraham was bought by Unilever in 2000, while the diet company Jenny Craig was bought by Nestlé, the world’s most profitable company in 2011, according to Fortune magazine’s Global 500 list. These multinational food giants, which have played a significant role in the global obesity epidemic, are now selling weight-loss and diet food products aimed at perpetuating a revenue-generating, obesity-driven, vicious circle.
Jacques Peretti , "Fat profits: how the food industry cashed in on obesity", The Guardian, August 07, 2013, © Guardian News and Media Limited
Domains
FOOD COMPANIES
Other
Geographies
Worldwide
North America
EMEA
United States of America
Europe
United Kingdom
Switzerland
Categories
Companies, Organizations
Consumers
Market News
Marketing & Advertising
Products & Brands
Developed by Yuri Ingultsov Software Lab.