Hain Celestial to Cut 30% of North America SKUs Under Turnaround Strategy

Hain Celestial plans to cut 30% of its SKUs in North America to simplify its portfolio and improve efficiency. The company's interim president and CEO Alison Lewis outlined the plan as part of a turnaround strategy to "stabilise" the business. Specific brands or categories that might be up for disposal were not named. Hain Celestial reported an annual loss of $531m in September and a net loss of $21m in the first quarter.