Innovative Food Holdings Announces Major Retail Partnership
![Innovative Food Holdings Announces Major Retail Partnership](https://investorshangout.com/images/blog/investors-hangout-newswire.jpg)
Innovative Food Holdings Announces New Retail Partnership
Innovative Food Holdings, Inc. (OTCQB: IVFH) has announced a significant development in its business operations with the launch of a partnership with a major customer, a leading retail store in the U.S. This strategic relationship marks a new avenue for IVFH, which specializes in supplying gourmet specialty foods to professional chefs. Following a successful pilot program in 10 stores, the gourmet cheese assortment will soon be available across several hundred of the retailer's outlets.
Details of the Partnership
The Company is set to start sourcing, supplying, cutting, wrapping, packaging, and shipping a selection of gourmet cheeses, with the first shipments expected to begin shortly. The anticipation is that distribution will ramp up significantly by the holiday season, which is projected to positively affect the Company's financial outcomes for the fourth quarter.
Impact on Innovative Food Holdings
Bill Bennett, the Chief Executive Officer of Innovative Food Holdings, expressed enthusiasm about this new customer relationship. He highlighted that this marks the first entry of IVFH into the retail sector, showcasing the flexibility and strength of the operational platform the Company has built. This partnership is expected to provide a notable boost in revenue and diversify the customer base, extending the reach into various industries.
About Innovative Food Holdings
Innovative Food Holdings is dedicated to enhancing meal experiences through a carefully curated marketplace offering gourmet foods that are often challenging to find. The Company connects top artisan food producers with professional chefs across the country, aiding them in crafting exceptional dining experiences. The range of gourmet products offered includes those at the forefront of culinary trends. The commitment to excellence is evident through the tech-enabled tools and support provided to chefs, which help them create unforgettable culinary moments.
Commitment to Quality and Trends
IVFH stays attuned to food trends that resonate with chefs and their clients, ensuring that their offerings are not only high-quality but relevant in an ever-evolving culinary landscape. This partnership with a significant retailer not only expands their market presence but also affirms their role as a leader in gourmet food distribution.
Contact Information
For further inquiries, individuals are encouraged to reach out to Gary Schubert, the Chief Financial Officer of Innovative Food Holdings, Inc.
Investor Relations Contact
Email: investorrelations@ivfh.com
Frequently Asked Questions
What is Innovative Food Holdings?
Innovative Food Holdings, Inc. specializes in gourmet specialty foods, connecting artisan producers with professional chefs.
What does the new partnership entail?
The partnership involves supplying gourmet cheese assortments to a major U.S. retailer, enhancing IVFH's retail presence.
When will the products be available?
The first cheese products are expected to ship in October, with a ramp-up for the holiday season.
How will this affect the company's revenue?
This new partnership is anticipated to significantly boost IVFH's revenue and diversify its customer base.
Who can be contacted for more information?
For more details, Gary Schubert, the CFO, can be reached via the provided email address.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Related Articles
- Northern Venture Announces Equity Allotment and Voting Rights
- Vaisala Corporation Announces Managers' Transaction Details
- Northern 2 VCT PLC Announces Share Allotment
- Northern 3 VCT PLC Announces Share Allotment and Voting Rights
- Swiss Properties Invest A/S Announces Share Transactions
- Bekaert Announces Liquidity Agreement Update
- PayPoint plc Announces Share Buyback Details
- Equinor ASA Announces Dividend for First Quarter 2024
- BW Offshore Announces Q2 2024 Presentation Details
- Burning Rock Biotech Announces Q2 2024 Financial Results