Jean-Christophe Flatin has been appointed president of global chocolate at Mars Inc., effective Oct. 1. Flatin currently is global president of Royal Canin, a unit of Mars Petcare. He replaces Grant F. Reid, who recently moved into the role of office of the president for Mars Inc. As the leader of the global chocolate business, […]
Tag: business
Posted in, Executive News, National
ConAgra Foods CEO To Retire
ConAgra Foods CEO Gary M. Rodkin plans to retire at the end of the company’s fiscal year in May 2015. The Omaha, Neb.-based company’s board of directors has established a search committee, led by independent director Richard Lenny, to identify Rodkin’s successor. Lenny is the former chairman and CEO of The Hershey Co. and has […]
Posted in, National
FMI Files Joint-Merchant Petition With Supreme Court To Challenge Swipe Fee Rule
Food Marketing Institute (FMI) on Monday filed a joint-merchant petition with the Supreme Court of the United States seeking its review of the March 2014 swipe fee decision by the U.S. Court of Appeals for the D.C. Circuit, which was the antithesis of Judge Richard Leon’s U.S. District Court decision last summer. The final outcome of […]
Posted in, Northeast, Store News
Kroger Reportedly Among Possible Market Basket Buyers
The Kroger Co. is reportedly among the grocers considering a bid for Market Basket, the New England supermarket chain that is embroiled in a family dispute over who has control of the company. Bloomberg reports that Kroger is among about a dozen possible buyers. Others reportedly include Ahold and Delhaize. Market Basket, with 71 stores […]
Posted in, National
BPIA Registration Workshop To Be Held Next Month
The 2014 Biopesticide Industry Alliance (BPIA) Registration Workshop will be held in Arlington, Va., Sept. 30-Oct. 1. Developed in association with the TSGE Forum, members of the BPIA regulatory committee and TSGE Forum say they are working to put together an excellent program about understanding the requirements involved in registering a biopesticide. The workshop at […]
Posted in, Beverage News, National, Suppliers
Coca-Cola, Monster ‘Swapping’ Some Brands
The Coca-Cola Co. and Monster Beverage Corp. have entered into definitive agreements for a long-term strategic partnership that is expected to accelerate growth for both companies in the fast-growing, global energy drink category. The deal involves the companies “swapping,” or transferring, some brands. The companies say the new, innovative partnership leverages the respective strengths of […]
Posted in, Market Profile, Southeast
Kentucky City’s Public Fuel Sales Draw Ire From Industry
It’s long been said that everyone wants to sell groceries. In Kentucky, everyone wants to sell fuel. At least that’s the impression that’s being given as the city of Somerset began public fuel sales July 17 from facilities that once only fueled its vehicle fleet. “…They have expanded that facility to where now they are […]
Posted in, Equipment & Technology, National
Fleet Advantage Marks Clean Diesel Initiative Milestone
Fleet Advantage, a leading innovator in truck fleet business analytics, equipment financing and lifecycle management, reports that its clean diesel initiative that began in 2011 has reached a new milestone. With multiple new clients, the Fort Lauderdale, Fla.-based company’s equipment orders for Class 8 tractors for the six-month period ending June 2014 exceeded 1,500 tractors, […]
Posted in, National, Suppliers
Cutrale, Safra Groups Propose To Acquire Chiquita For $625M In Cash
The Cutrale Group, an agribusiness and juice company, and investment firm Safra Group have proposed to acquire 100 percent of the outstanding stock of Chiquita Brands Inc. for $13 per share, or approximately $625 million, in cash. This proposal represents a premium of 29 percent to Chiquita’s closing share price of $10.06 as of Aug. […]
Posted in, Beverage News, Executive News, National
Kadison Named MilkPEP CEO
The Milk Processor Education Program (MilkPEP) board of directors has appointed Julia Kadison CEO. Kadison previously held the position of interim CEO/VP of marketing for MilkPEP. “The dairy industry is in a state of transition, and I’m thrilled that we have Julia Kadison to lead MilkPEP through this evolution,” said Jay Bryant, CEO of the […]
Posted in, Corporate Store News, Southeast
Publix’s Sales Up 6.6 Percent In 2Q
Publix’s sales for the second quarter of 2014 were $7.5 billion, a 6.6 percent increase from last year’s $7 billion. Sales for the second quarter were positively impacted 1.3 percent due to the Easter holiday being in the second quarter of 2014. Comparable-store sales for the second quarter increased 6.3 percent. Net earnings for the […]
Posted in, Northeast, Store News
Sales Up At Weis Markets For 2Q But Net Income Down 47 Percent
Weis Markets today reported that its second quarter sales increased 4.5 percent to $691.9 million during the 13-week period ended June 28, while its comparable store sales increased 2.9 percent. However, the Sunbury, Pa.-based grocer’s second quarter net income totaled only $12.8 million vs $24.2 million in 2013, down 47.1 percent. Earnings per share were […]
Posted in, National, Suppliers
Pilgrim’s Pride To Acquire Tyson’s Mexican Poultry Biz For $400M
Pilgrim’s Pride Corp. has entered into a definitive agreement to purchase the totality of the poultry businesses of Tyson Foods Inc. in Mexico for $400 million. Pilgrim’s Pride is majority owned by JBS USA Holdings Inc., a wholly owned subsidiary of JBS S.A. The transaction will be paid for in cash, pending regulatory approvals. Pilgrim’s […]
Posted in, Southeast, Store News
Dollar Tree To Buy Family Dollar For $8.5B
Two discount giants based in the Southeast are coming together. Chesapeake, Va.-based Dollar Tree said this morning that it plans to purchase Family Dollar Stores, headquartered in Matthews, N.C., in a cash and stock transaction valued at $8.5 billion, or $74.50 per share—a 22.8 percent premium over Family Dollar’s closing price as of July 25. […]
Posted in, Executive News, Southwest
Walmart Names New President And CEO For U.S. Operations
Walmart on Thursday said that Greg Foran, 53, has been promoted to president and CEO of Walmart U.S. Foran succeeds Bill Simon who has been in the role since June 2010 and will be transitioning out of the company. Foran will assume his responsibilities Aug. 9 and will report directly to Walmart President and CEO […]
Posted in, National
NGA, Feeding America Laud Passage By House Of Food Donation Giving Incentives
The National Grocers Association (NGA) and Feeding America both are commending the House of Representatives for passage of House Resolution 4719, the Fighting Hunger Incentive Act of 2014. The resolution includes legislation that would renew and expand tax incentives for donated food. “We applaud the House for passage of HR 4719,” said Greg Ferrara, VP […]
Posted in, Southeast, Store News
EPA Presents Sprouts In Dunwoody, Ga., With GreenChill Certification As Store Opens Today
The U.S. Environmental Protection Agency (EPA) has presented Sprouts Farmers Market in Dunwoody, Ga., with GreenChill Platinum-Level Store Certification, the highest level of certification. EPA Regional Administrator Heather McTeer Toney delivered remarks and made the award presentation Tuesday. GreenChill is an EPA partnership with food retailers to reduce refrigerant emissions and decrease their impact on […]
Posted in, Grocery News, Southeast
Keurig Green Mountain Making Harris Teeter Branded K-Cup Packs
Keurig Green Mountain Inc., a leader in specialty coffee, coffee makers, teas and other beverages with its innovative brewing technology, is now the exclusive manufacturer of Harris Teeter branded K-Cup packs for the Keurig brewing system. Financial terms of the agreement were not disclosed. “We’re happy to welcome Harris Teeter into the Keurig system,” said […]
Posted in, Center Store, National
Insignia Capital Group Acquires Parent Company Of On The Border Brand
Insignia Capital Group has acquired Truco Enterprises from Arbor Investments and Truco’s co-founders. Terms of the transaction were not disclosed. Founded in 1991 by David Silver and Roy Truitt and based in Dallas, Texas, Truco is a leading developer and marketer of tortilla chips, salsa and queso under the On The Border brand. The company’s […]
Posted in, Beverage News, National, New Products
Nestlé Coffee-Mate, Keurig Partner To Offer Branded Coffee K-Cup With Creamer
Keurig Green Mountain Inc. and Nestlé USA are bringing Nestlé Coffee-mate branded coffee with creamer to K-Cup packs for the Keurig brewing system. Nestlé Coffee-mate is the first brand to offer a K-Cup pack for hot coffee that combines roast and ground coffee with branded creamer. The companies plan to launch the new Nestlé Coffee-mate […]