This story was originally published on Food Dive. To receive daily news and insights, subscribe to our free daily Food Dive newsletter. Dive Brief: Simply Good Foods said Joe Scalzo will return as its president and CEO as the Atkins and Quest owner looks to improve profitability.  Scalzo, who formerly held the top executive role from 2017 to 2023, is assuming the position immediately. He succeeds Geoff Tanner, who joined Simply Good Foods after a nearly seven-year tenure at J.M. Smucker. The protein sh ...

Group 1 - Danone has been a shareholder in Lifeway for over two decades and recently explored a third acquisition attempt, signing a confidentiality agreement for due diligence [3][4] - Despite the rising kefir sales attributed to digestion and protein benefits, Danone has decided that the potential acquisition of Lifeway is no longer worth pursuing at the current price [3][7] - Lifeway has experienced 22 consecutive quarters of growth and reported record-breaking sales in the first two quarters of 2025, indicating strong performance [5] Group 2 - Lifeway has expressed its focus on executing its growth strategy following Danone's unsolicited proposal, aiming to create value for shareholders and stakeholders [5] - The abandonment of the acquisition attempt allows for internal family disputes within Lifeway, with calls to oust current CEO Julie Smolyansky due to alleged corporate governance failures [6] - Danone proposed to buy Lifeway for $25 per share in September 2024, later increasing the offer to $27, both of which were rejected by Lifeway [7]