Thankyou Group to stop producing food
The Thankyou Group will be phasing out all of its food products by April 2018.
Thankyou Founder and Managing Director, Daniel Flynn, said the decision to discontinue the group’s food ranges was the toughest decision the social enterprise has had to make.
“It’s our intent that everything we create is remarkable,” Flynn said.
“The humbling and hard truth is though we innovated and fought hard for three years, we failed to produce a market-leading food range. We joined the game in food, we didn’t change it.”
Flynn said all four of the Thankyou Group’s ranges, which includes food, water, body care and baby care, were placed under a microscope, with the group having to decide which ones to invest in again.
“Ultimately, dropping the food range was the best decision for the future of Thankyou and our goal to help end global poverty in this lifetime,” Flynn said.
Thankyou reported that both its food and water categories have been on the decline but it decided to re-invest in water with its innovation team working on a “game-changing” idea to turn the category around.
The group’s body care products are reportedly performing well and its baby care and nappy uptake is on the rise.
The Thankyou Group is a social enterprise that gives away 100 per cent of its profit to causes that help end global poverty.
- Thank You group expands internationally and beyond the water
- Australian not-for-profit bottled-water company releases first TV campaign
- A social enterprise called Thankyou Water adds sparkle to its range
Dairy producer Parmalat says it is set to disrupt the Australian iced coffee market by introducing “...
ASX-listed fast food group, Collins Foods, has reported profit growth for its 2016 financial year la...
Most would not connect a diet lacking in fibre as a cause of allergies but scientists from Monash Un...
Kikkoman has proven itself to be one of the leading soy sauce leaders globally. They have been ...
Australia Post has opened its first concept store for Australian-based daigou shoppers.
Earlier this year German discount supermarket Kaufland were advertising for employees in key positio...
For the first time ever Australia’s two largest supermarkets have more than 50 per cent of Australia...
Coca-Cola has embarked on its largest ever sampling campaign to help launch Coca-Cola No Sugar.