
Purely Elizabeth is a better-for-you breakfast brand founded in 2009 by Elizabeth Stein in Boulder, Colorado. The brand produces granola, oatmeal, cereal, and baking mixes with premium ingredients including ancient grains and superfoods. On August 14, 2026, Ferrero Group, the privately held Italian confectionery company controlled by the Ferrero family, signed a definitive agreement to acquire Purely Elizabeth for approximately $850 million. Founder Elizabeth Stein continues as CEO and the brand operates as a standalone entity within the Ferrero Group. Purely Elizabeth had approximately $250 million in trailing 12-month revenue, having more than doubled its sales in the prior two years. The brand is the number one granola brand in the United States by dollar and unit sales.
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Purely Elizabeth | Ferrero | Wholly owned |
Purely Elizabeth was founded in 2009 by Elizabeth Stein, a certified holistic nutrition counselor who had attended the Institute for Integrative Nutrition in 2007. Stein launched a wellness practice in New York City and began selling muffin mixes to her nutrition clients in 2008 and 2009. The muffin mixes, made with ancient grains and superfoods, were popular with clients who wanted convenient, healthy breakfast options.
Stein recognized that the better-for-you breakfast category was underserved in 2009. Most granola and cereal products on the market were either conventional products with refined grains and added sugars, or niche health food products with limited distribution and appeal. Stein saw an opportunity to create a brand that combined premium ingredients (ancient grains like quinoa and amaranth, superfoods like chia and hemp seeds) with accessible flavor profiles and broad retail distribution.
The brand launched with a line of granola, oatmeal, and baking mixes made with ancient grains and superfoods. The products were positioned as premium natural foods, priced above conventional granola but below niche health food brands. The brand's early distribution was through natural food stores and specialty retailers in the New York City area.
In 2014, Stein moved Purely Elizabeth's headquarters from New York City to Boulder, Colorado, to be closer to manufacturing and to the natural foods industry network that Boulder is known for. Boulder is a hub for natural and organic food brands, with a concentration of manufacturing, ingredient suppliers, and industry expertise. The move gave Purely Elizabeth access to this ecosystem and supported the brand's growth.
Through the 2010s, Purely Elizabeth expanded its distribution from natural food stores to conventional grocery retailers. The brand gained placement in Whole Foods, Kroger, Albertsons, Walmart, Target, and Sprouts, reaching approximately 30,000 grocery stores nationwide. The brand claims that a bag of its granola is sold every 0.7 seconds, a metric that reflects the scale of its retail distribution.
The brand expanded its product line beyond the original granola to include oatmeal, cereal, pancake and muffin baking mixes, protein granola, collagen granola, chewy granola bites, and the beauty-inspired "Purely Glow" granola. The brand borrowed from beauty industry launch playbook to target Gen Z consumers, using limited-edition drops and seasonal flavors to create social media moments.
Purely Elizabeth's growth accelerated dramatically in 2024 and 2025. The brand more than doubled its sales in the prior two years, reaching approximately $250 million in trailing 12-month revenue at the time of the Ferrero acquisition. The brand claims the number one granola position in the United States by both dollar and unit sales, ahead of Quaker Oats and Kind.
On August 14, 2026, Ferrero Group signed a definitive agreement to acquire Purely Elizabeth for approximately $850 million. The acquisition gives Ferrero a premium wellness brand in the U.S. breakfast market, complementing the mainstream cereal portfolio it acquired through WK Kellogg Co. in July 2025. Founder Elizabeth Stein continues as CEO and the brand operates as a standalone entity within the Ferrero Group.
What does Ferrero own?
Ferrero owns iconic confectionery brands including Nutella, Ferrero Rocher, Kinder, and Tic Tac, plus North American confectionery brands (Butterfinger, BabyRuth, 100 Grand), Ferrara candy brands (Brach's, Trolli), Power Crunch protein bars, WK Kellogg Co breakfast cereals (Froot Loops, Apple Jacks, Frosted Flakes, Rice Krispies, Special K), and Purely Elizabeth better-for-you breakfast foods (granola, oatmeal, cereal).
Is Ferrero publicly traded?
No, Ferrero is a privately held company owned by the Ferrero family since its founding in 1946. The company is not publicly traded on any stock exchange.
Who founded Ferrero?
Ferrero was founded in 1946 by Pietro Ferrero in Alba, Italy. Pietro was a pastry maker who created a chocolate hazelnut spread using locally abundant hazelnuts to extend limited cocoa supplies after World War II. After his death in 1949, his son Michele Ferrero expanded the business globally.
Where is Ferrero headquartered?
Ferrero maintains its corporate headquarters in Alba, Italy, where the company was founded. The holding company, Ferrero International S.A., is based in Luxembourg.
What is Ferrero's revenue?
Ferrero reported annual revenue of approximately EUR 19.3 billion for fiscal year 2025. The company has grown consistently, with the WK Kellogg Co acquisition in July 2025 contributing to portfolio diversification.
Who is the CEO of Ferrero?
Giovanni Ferrero serves as Executive Chairman of Ferrero. He is the grandson of founder Pietro Ferrero and has led the company's strategic direction since the death of his father Michele Ferrero in 2015.
Purely Elizabeth has built sustainability and ethical certifications into its brand identity since its founding. The brand's certifications are independently verified rather than self-reported.
B Corp Certification: Purely Elizabeth has been a Certified B Corporation since 2015. B Corp certification is administered by B Lab and requires companies to meet verified standards of social and environmental performance, accountability, and transparency. Purely Elizabeth's B Corp status can be verified in the B Lab directory.
USDA Organic: Purely Elizabeth products are USDA Organic certified, verifying that ingredients are produced without synthetic pesticides, fertilizers, or genetically modified organisms.
Non-GMO Project Verified: The brand's products are Non-GMO Project Verified, providing independent verification that products are produced without genetic engineering.
Certified Gluten-Free: Purely Elizabeth products are certified gluten-free, verifying that products meet the FDA standard of less than 20 parts per million of gluten.
Certified Vegan and Paleo/Keto (select): Select Purely Elizabeth products are Certified Vegan and Certified Paleo or Keto by the Paleo Foundation.
1% for the Planet: Purely Elizabeth is a member of 1% for the Planet, committing to donate at least 1% of annual sales to environmental causes.
WBENC Women-Owned: The brand is certified as women-owned by the Women's Business Enterprise National Council (WBENC), reflecting founder Elizabeth Stein's leadership.
Regenerative Organic Ingredients: The brand has made commitments to regenerative organic ingredient sourcing, though specific certifications and targets are not detailed in public reporting.
May 2021 Class Action (Meraz et al v. Purely Elizabeth, LLC): A class-action lawsuit was filed in the U.S. District Court for the Northern District of California alleging that Purely Elizabeth falsely advertised the protein content of its products on labels. The case was voluntarily dismissed with prejudice, meaning it cannot be refiled. The dismissal suggests the case was resolved, though the terms of any resolution were not publicly disclosed.
January 2020 Voluntary Recall (Chocolate Sea Salt Probiotic Granola): Purely Elizabeth issued a voluntary recall of pouches of Chocolate Sea Salt Probiotic Granola due to a mislabeling error that resulted in undeclared walnut allergen on the packaging. The recall was initiated to protect consumers with walnut allergies. No illnesses were reported.
May 2019 Voluntary Recall (Grain-Free Granolas and Bars): Purely Elizabeth issued a voluntary recall of grain-free granolas and bars due to possible foreign matter contamination, including glass, plastic, and rocks. The recall was initiated after the company identified the potential contamination. No injuries were reported.
2023 California Prop 65 60-Day Notice: A 60-day notice was filed under California's Proposition 65 (Calsafe Research Center, Inc. v. Purely Elizabeth LLC) regarding lead in Vanilla Pecan Oatmeal with Collagen. Proposition 65 requires businesses to provide warnings about exposures to chemicals that cause cancer or reproductive toxicity. The notice alleged that the product contained lead at levels requiring a warning under Prop 65. The resolution of this matter is not publicly documented.
No direct competitors found in the same category. This could be because Purely Elizabethoperates in a unique market segment or we're still building our competitor database.
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