Utz Brands will be taken private in a deal valuing the salty snack maker at approximately $2.9 billion, with Germany’s Intersnack Group acquiring all outstanding Class A common stock for $14.25 per share in cash. The price represents a premium of roughly 91 percent over the July 20 closing price. When the transaction closes, expected […]
Category: Finance News
Market moves, funding, earnings, and financial strategy across the grocery industry.
Posted inNational, Association News, Feature, Finance News, Marketing News, News, West
Brand Builders, Investors Agree On What Separates Winning CPG Brands
Two panels, two very different rooms, but one message. At the CPG Convergence Conference, hosted June 25 by the Navigator Lighthouse Foundation and Mission Matters at Verizon’s 5G Labs in Playa Vista, California, a panel of brand strategists and a panel of investors took the stage hours apart. They never coordinated, but they arrived at […]
Posted inOnline Grocery Technology, Finance News, National
Logile Launches Enterprise Productivity Simulator For Retail Workforce Planning
Logile has launched its Enterprise Productivity Simulator, letting retailers model workforce and operational decisions across an entire chain before execution begins.
Posted inExecutive News, Featured News, Finance News, Midwest, News, Wholesaler/Distributor News
Kauffman Named To Succeed Koch As CFO At AWG
Former BJ’s Wholesale Club executive Kelly Kauffman will fill the role of Gary Koch, who is retiring at year’s end.
Expert Article
The Hidden Margin Leak Hiding in Your Accounts Payable Department
Every independent and regional grocer knows the math. Net margins run between 1% and 3%, which means that on a $10 million store, you’re working with $100,000 to $300,000 of breathing room before you’re underwater. Operators spend enormous energy managing the front end to protect those numbers, tightening promotional spend, auditing shrink, and fine-tuning labor […]
Posted inNews, Finance News, National
FMS Solutions’ 2nd Profit Summit For Independents Coming This Fall
FMS Solutions, a financial management company serving independent grocery operators and restaurants, has announced its second annual FMS Profit Summit, set for Oct. 6-8 at Tapatio Springs Hill Country Resort in Boerne, Texas. The two-day event covers financial benchmarking, labor management, shrink reduction and the state of the independent grocery industry. Attendees will have direct […]
Posted inFinance News, Featured News, National, News, The Kroger Co.
Kroger To Acquire Giant Eagle In $1.65B Deal
The Kroger Co. has announced its intention to acquire Giant Eagle, a family-owned food and pharmacy retailer, for $1.65 billion.
Posted inGuest Contributors, Finance News, Grocery Store Equipment, National, News
Hidden Profits: Benchmarking Meat Cases Reveals Opportunities For Grocery Retailers
Benchmarking shows meat cases with doors can reduce energy use, shrink and labor costs while improving margins and creating significant profit opportunities.