Whole Foods Market and Pivot, Participant Media’s TV network targeting Millennials, is launching a television series called “Dark Rye.” The first episode, hosted by Kirk Lombard, a Bay Area fisherman and forager, airs at 9:30 p.m. (ET) tonight. Dark Rye was created as an online magazine by Whole Foods Market in 2012. The publication, through […]
Category: Corporate Store News
Posted in, Corporate Store News, National
Kroger, Harris Teeter Deal To Close Sooner Than Expected
The Federal Trade Commission has granted early approval regarding The Kroger Co.’s acquisition of Harris Teeter Supermarkets Inc. The deal, valued at about $2.5 billion, is expected to close by the end of January. The original close date was scheduled for early February. Kroger and Harris Teeter in July announced the definitive merger agreement, which […]
Posted in, Corporate Store News, National
Whole Foods Commits $25M In Funding For Loans To Local Producers
Whole Foods Market says its Local Producer Loan Program (LPLP) has reached the initial goal of funding $10 million in low-interest loans to local and independent food businesses, and has now committed up to $25 million in funding. The LPLP has provided 184 loans to 155 companies since its inception in 2007. In providing easier […]
Posted in, Corporate Store News, West
Gelson’s Parent To Sell To TPG Investment Firm For $394M
Arden Group Inc., parent of Gelson’s Markets, an operator of 17 full-service specialty grocery stores in Southern California, has entered into a definitive agreement to be acquired by TPG, the global private investment firm, in an all-cash transaction valued at approximately $394 million. Under the terms of the agreement, Arden Group’s shareholders will receive $126.50 […]
Posted in, Corporate Store News, Southeast
Ingles Reports 49th Consecutive Year Of Sales Growth
Ingles Markets Inc. on Monday reported record sales of $3.74 billion for fiscal 2013, its 49th consecutive year of sales growth. Net income for the fourth quarter totaled $15.6 million, 17.2 percent higher than net income of $13.3 million for the fourth quarter of fiscal 2012. For the full fiscal years, net income was $20.8 […]
Posted in, Corporate Store News, Northeast
Tops Friendly Markets Returns To Local Ownership
Tops Friendly Markets, a leading full-service grocery retailer in upstate New York, northern Pennsylvania and western Vermont, said today that the previously announced acquisition of Tops Holding II by a group of senior managers of the company led by Tops President and CEO Frank Curci closed on Dec. 1. During the past six years under […]
Posted in, Corporate Store News, Southeast
Danfoss Names Winn-Dixie Its Fourth EnVisioneer Of The Year
Danfoss, a leading manufacturer of high efficiency electronic and mechanical components and controls for air-conditioning, heating, refrigeration and motion systems, has recognized supermarket chain Winn-Dixie as the winner of its fourth annual EnVisioneer of the Year award. Winn-Dixie, a subsidiary of Bi-Lo Holdings, the ninth-largest conventional supermarket chain in the U.S. based on net sales, […]
Posted in, Corporate Store News, Midwest
Spartan Stores, Nash Finch Co. Merge To Become SpartanNash
Spartan Stores and Nash Finch Co. announced their intention to merge over the summer in an all-stock merger valued at approximately $1.3 billion, including existing net debt at each company. That merger is now official after a vote by shareholders held Monday. More than 99 percent of Spartan Stores shareholders and more than 98 percent of Nash […]