International Dairy Deli Bakery Association (IDDBA) CEO David Haaf has stepped down from his position effective Feb. 26, the organization’s board of directors announced. Chris Schwass, the association’s CFO, has been appointed acting CEO. Schwass, who has 28 years of experience at the Madison-Wisconsin-based organization, will lead operations while the board begins the search for […]
Category: Finance News
Market moves, funding, earnings, and financial strategy across the grocery industry.
Posted inIndependent Store News, Featured News, Finance News, Midwest, News, Schnucks
Schnucks Springboard Seeks Third Cohort For Emerging Business Accelerator
Schnuck Markets Inc. is accepting applications for the third cohort of its Schnucks Springboard accelerator program for emerging suppliers, with a deadline of April 25. Midwest business owners must meet specific criteria to qualify. Applicants must have annual consumer product goods revenue of less than $1 million, fewer than 10 years in the CPG business […]
Posted inIndependent Store News, Executive News, Fareway, Featured News, Finance News, Midwest, News
Fareway Promotes 7 Corporate Officers To New Positions
Fareway Stores Inc. has promoted seven corporate officers for what the Johnston, Iowa-based grocer described as outstanding leadership and contributions to its success. “These promotions reflect the exceptional talent and dedication of our team,” said Fareway CEO Reynolds Cramer. “Each individual has demonstrated leadership and commitment to Fareway’s mission of being the best in meat […]
Posted inCorporate Store News, Finance News, News, Online Grocery Technology, Southwest, Walmart
Walmart Data Ventures Launches Scintilla In-Store For Supplier Field Reps
Walmart Data Ventures has introduced Scintilla In-Store, a platform designed to help reduce out-of-stocks, improve execution and deliver a seamless omni-shopping experience. Scintilla In-Store builds on the Scintilla platform – Walmart’s first-party insights offering that transforms granular data into intelligence for suppliers and merchants – and brings that ecosystem into Walmart stores. While Scintilla and […]
Posted inAssociation News, Featured News, Finance News, News, Northeast
NJFC Re-Elects Read As Board Chair, Celebrates Record Growth
The New Jersey Food Council (NJFC) re-elected Jason Read of Wawa as board chairman and announced record growth in membership and sponsorship as it installed its 2026 directors. Mike Styer of ACME/Kings continues as vice chairman. The board elected Gary Capozzi of Pepsi Beverages Co. as associate vice chairman, Ron Murphy of Murphy’s Fresh Markets […]
Posted inExecutive News, Center Store, Featured News, Finance News, National, News
Conagra Brands Appoints Mulligan, Satriano To Board Of Directors
Conagra Brands, Inc. appointed John Mulligan and Pietro Satriano to its board of directors, expanding the panel from 11 to 12 members. “Conagra and its shareholders will benefit from their extensive leadership and corporate governance experience,” said Richard H. Lenny, chair of Conagra Brands. “In addition, John brings relevant expertise navigating retail business challenges and […]
Posted inCenter Store, Featured News, Finance News, Midwest, News
Marzetti Co. To Acquire Bachan’s Japanese Barbecue Sauce Brand
Westerville, Ohio-based The Marzetti Co. has entered into an agreement to acquire Bachan’s Inc., a Japanese barbecue sauce brand, for $400 million. The transaction is expected to close before Marzetti’s fiscal year end of June 30, subject to regulatory approval and customary closing conditions. Marzetti intends to fund the acquisition with cash on hand and […]
Posted inMeat/Seafood/Poultry, Featured News, Finance News, News, West
Evergood Sausage Co. Celebrates 100th Anniversary
Evergood Sausage Co. marked its 100-year anniversary, celebrating a century of family leadership and old-world craftsmanship while maintaining hardwood-smoking traditions established in 1926. Founded by Bavarian immigrant and master sausage maker Jacob Rauscher in San Francisco’s Mission District, Evergood grew from a neighborhood butchershop into a nationally recognized brand. The company operates from its historic […]