Law firm Bronstein, Gewirtz & Grossman LLC (BGG) is investigating potential claims on behalf of Weis Markets investors. The investigation concerns whether Weis and certain of its officers and/or directors violated federal securities laws. Weis officials declined to comment on the investigation. According to BGG, on Sept. 5 Spruce Point Capital Management published a report on Weis […]
Category: Northeast
Posted inHealth & Wellness, Grocery News, Home Page Latest News, Northeast, Store News
Giant Highlights Easy Meal Solutions For Family Meals Month
This September, Giant Food Stores is supporting the FMI Foundation’s National Family Meals Month initiative. Created by the FMI Foundation in 2015 on behalf of the nation’s food retailers, the goal of National Family Meals Month is to encourage families to enjoy at least one more meal together per week. “Families are always juggling busy schedules and struggling […]
Posted inExecutive News, Home Page Latest News, Northeast, Store News
Ackerman Steps Down As FreshDirect CEO
After 20 years of service, FreshDirect founder and CEO Jason Ackerman has stepped down from his roles as both chairman and CEO. Co-founder David McInerney, is assuming the role of CEO and will join the board of directors. This change comes as FreshDirect, an online fresh food grocer based in the Northeast, moves into a […]
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Wachter Of Murphy’s Market To Receive NJFC Award
John Wachter, GM of Murphy’s Fresh Markets of South Jersey, will receive the New Jersey Food Council (NJFC) Committee for Good Government Award on Wednesday, Oct. 3, at the Forsgate Country Club in Monroe Township, New Jersey. Wachter is an active board member of the NJFC and is being recognized for his government and leadership […]
Posted inNortheast, Beverage News, Grocery News, Home Page Latest News
Maine’s Moxie Brand Sold To Coca-Cola New England
Coca-Cola North America and Coca-Cola of Northern New England (CCNNE) have purchased the Moxie brand, known as the official state beverage of Maine. The transaction is expected to close in the fourth quarter. Officials said shoppers will not notice any changes. Moxie will continue to be produced locally by CCNNE, the exclusive bottling partner for […]
Posted in, Giant Food, Home Page Latest News, Independent Store News, Northeast, Store News
Darrenkamp’s Closing Its Four Pa. Stores After 86 Years
Family-owned grocer Darrenkamp’s, which was founded in 1932 in Lancaster, Pennsylvania, is closing down, the company announced Sept. 4. Three of its stores—in Elizabethtown, Etters and Mt. Joy—will be shuttered, while its Willow Valley Square store in Lancaster is being sold to Giant Food Stores LLC. The liquidation process will begin immediately, Darrenkamp’s said, with […]
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Tops To Close 10 Stores As Part Of Financial Restructuring
Tops Friendly Markets, which filed for Chapter 11 bankruptcy in February, plans to close 10 underperforming stores in New York by Nov. 30. As part of the move, Tops will file a reorganization disclosure statement with the U.S. Bankruptcy Court, and a hearing is scheduled for Sept. 27. The 10 stores to be closed are […]
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Former Newell Brands Leader Chosen As C&S Chief Commercial Officer
Joe Cavaliere, former president and global chief customer officer at Newell Brands, will start his new role at C&S Wholesale Grocers in Keene, New Hampshire, as chief commercial officer on Sept. 4. Cavaliere brings more than 30 years of industry experience to C&S, having led national sales organizations at Kraft Foods and Unilever. C&S states he […]