Maybe they'll find success outside of Lake Success.
After a search, Hain Celestial Group Hain has selected Hoboken, N.J., for its corporate headquarters. Lake Success, N.Y., just outside New York City on Long Island, has been its home since its founding in 1993.
Rather than “headquarters,” Hain’s relatively new CEO Wendy Davidson referred to a Hoboken office as “the hub.” “With Hoboken as the hub, Hain offices and manufacturing locations in the U.S., Canada, Europe, and other international locations will serve as the ‘spokes’ for team members to come together and collaborate for moments that matter,” the Aug. 3 news release said.
Hain will occupy the 12th floor of the Waterfront Corporate Center located at 221 River St. The office building is LEED Gold certified and Energy Star Certified. It features floor-to-ceiling glass windows with unobstructed sweeping views of New York City and the Hudson River.
“Hoboken will also serve as the home of Hain's Innovation Experience Center, where team members, customers and consumers will immerse themselves in Hain's products, explore consumer insights and create innovative opportunities for the future,” the release continued. “The company will continue to leverage R&D labs at its manufacturing facilities for more comprehensive product development and scale.”
"Our headquarters decision is among the early actions we are taking to support our multiyear transformation strategy called ‘Hain Reimagined,’ which we will unveil at our Investor Day on Sept. 13," said Davidson.
Davidson took over as president/CEO this Jan. 1, replacing Mark Schiller. Schiller in 2018 replaced founder Irwin Simon, founder of the 30-year-old company. Schiller inherited a complex company, certainly focused on natural products but including food, beverages and even personal care items. With mostly divestitures but a few acquisitions, he made it a smaller, focused but more profitable food-only company. In his tenure, Hain sold or eliminated 23 brands and 1,000 SKUs with almost $1 billion in sales.
