Unconfirmed word from Natural Products Expo West is that the day after the ink dried on the Hain-Celestial purchase of Nspired Foods, none other than Hain CEO Irwin Simon himself called the California Headquarters of Nspired to summarily dismiss CEO Gordon Chapple.
We're told he left that same day. Read more here .
Either way, there isn't anything really wrong with the move. After all, it is a new owner's prerogative, to make such decisions. However, given the conventional wisdom that a Hain purchase means a consistent and steady decline in sales, one is surprised that a new owner wouldn't utilize the experience of the acquired company's upper management.
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