Whole Foods' exclusion will not hurt Chobani's growth: CEO
After Whole Foods announced it won't sell Chobani yogurt starting next year, Chobani's CEO told CNBC on Thursday that it will not hurt the business.
"We grew about 30 percent this year, and we wanted to grow more and more places, not less places," Chobani's CEO, Hamdi Ulukaya, told CNBC.
The supermarket chain on Wednesday said it would part ways with Chobani yogurt, mainly to allocate more space to new brands. The Greek yogurt sector, propelled by the Chobani's success, has attracted many new brands in the past few years.
He said that Whole Foods accounts for less than half a percent of the company's business, and, even though he is not happy about the supermarket chain's decision, he does not see it hurting Chobani's growth.
Ulukaya, a Turkish immigrant, founded Chobani in 2005 and has since led the company to about $1 billion in annual sales.
"Chobani is leading to make sure that when we go further, we make food better, milk better, farmers better and everybody wins," Ulukaya said.