Hampton Creek’s vegan mayonnaise losing money, partly due to cost of non-GMO ingredients

Hampton Creek, [maker] of mayonnaise, ranch dressing and other food products, has come under scrutiny by regulators for its business practices.

The Securities and Exchange Commission has opened a preliminary inquiry into Hampton Creek. . .

The S.E.C. inquiry is a response to . . . an organized effort by Hampton Creek to buy large quantities of its Just Mayo product . . . by sending undercover contractors into stores.

. . . .

. . . the product buyback effort. . . made Just Mayo seem more popular than it was, not long before Hampton Creek raised $90 million from venture capitalists and other private investors. . . .

. . . .

. . . .The company is believed to be losing significant amounts of money. . . .

. . . Hampton Creek. . . faces some basic challenges with the manufacturing costs for its products.

. . . in 2014 the company had negative gross margins of about 20 percent on Just Mayo. . .

The issue arises from Hampton Creek’s use of premium ingredients in its products without charging . . . eye-popping prices. . . The vegetable oil used in Just Mayo, for example, does not come from [GMO] sources, which adds significant cost. . .

The GLP aggregated and excerpted this blog/article to reflect the diversity of news, opinion and analysis. Read full, original post: Hampton Creek, Maker of Just Mayo, Is Said to Be Under Inquiry

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