U.S. Bankruptcy Judge Frank R. Alley III signed an order Monday confirming C&K Market’s plan to emerge from bankruptcy, which allows the company to operate without the court’s supervision. “As we look to the future, we’re excited to implement several new programs. We’ll begin by taking care of our customers by providing them with healthier […]
Tag: business
Posted in, National
Pinnacle Terminates Merger Agreement With Hillshire, Will Receive $163M
Pinnacle Foods Inc. on Monday announced that it has exercised its right to terminate the merger agreement between the company and The Hillshire Brands Co. announced May 12. Pursuant to the terms of the merger agreement, Pinnacle is entitled to receive a cash payment from Hillshire Brands of $163 million as a result of this […]
Posted in, National, Southeast
Gold Creek Foods Purchases Schreiber Distribution Center
Gold Creek Foods has acquired a 124,000-s.f. distribution and production facility in Gainesville, Ga., to meet customers’ and vendor needs and advance its corporate growth business plan. The company acquired a 24-acre site at 2255 White Sulphur Rd., which formerly housed Schreiber Foods. The site is in an established industrial sector of Gainesville, has rail access, […]
Posted in, Midwest, Store News
Meijer Breaks Ground On Second Detroit Store
Less than a year after Meijer opened a supercenter at the historical Michigan State Fairgrounds on 8 Mile Road and Woodward Avenue, the retailer continued its investment in the city of Detroit today with a formal groundbreaking ceremony for a second supercenter to be located at the site of the former Redford High School on […]
Posted in, Corporate Store News, Northeast
Price Chopper Eliminates Nearly 80 Positions At Headquarters
Price Chopper has cut nearly 80 positions from its corporate headquarters in Schenectady, N.Y., citing rising costs and a need for greater efficiency. Jerry Golub, the company’s president and CEO, said the current business climate forced the company to eliminate 80 positions in the company, “some through attrition and some with incumbents. The decisions were […]
Posted in, National, Suppliers
Jolly Time Pop Corn Celebrating 100th Birthday In October
Jolly Time Pop Corn turns 100 years old this October and is celebrating its birthday with fun initiatives, including a grassroots community awards program called Kernels of Kindness and a consumer giveaway of Jolly Time Pop Corn birthday bowls. Jolly Time was founded by Cloid Smith in Sioux City, Iowa, in 1914. Smith and his […]
Posted in, Beverage News, National, New Products
Aiya Rolls Out Matcha To Go Single-Serve Sticks
With the popularity of Matcha green tea on the rise in the U.S., Aiya America, the world leader in harvesting and distributing Matcha green tea, is debuting its single-serve, portable Matcha tea. Matcha To Go single-serving sticks blend ultra-fine Matcha powder with dietary fiber for a smooth, creamy and healthful beverage. It requires no sifting […]
Posted in, National
Survey: It Pays To Be Green—Corporate Social Responsibility Meets The Bottom Line
Corporate social responsibility, also referred to as corporate citizenship or conscious capitalism, is practiced by companies dedicated to making a positive social or environmental impact on society. More and more, consumers expect companies to do one or the other, if not both. But do consumers really care about conscious capitalism when it comes to buying […]
Posted in, National, Northeast
Michael To Retire From Associated Wholesalers, Company Selling White Rose Subsidiary
Associated Wholesalers (AWI) today said that President and CEO J. Christopher Michael is retiring from the company after 41 years of service. Veteran wholesale executive Matthew Saunders has been named president and CEO of AWI, effective immediately. AWI also said today that its board of directors has decided to pursue a sale of its White […]
Posted in, Industry News, National
Private Label Groceries Continue To Grow In Popularity
More shoppers are purchasing private label (store brand) products this year compared to last year, according to a recent study of more than 6,200 consumers by Market Force Information, a worldwide leader in customer intelligence solutions. The study revealed that 98 percent of shoppers purchase private label food or cleaning products at least some of […]
Posted in, Executive News, National
FHI Appoints New Executive Leadership Team
Freight Handlers Inc. (FHI), one of the country’s leading providers of warehouse, retail product handling and logistics services, has made some leadership changes. Ryan Wall has been promoted to president and CEO, replacing Chairman and founder Chuck Wall as CEO. In addition, the Fuquay-Varina, N.C.-based company has named Reid Durst COO and Tal Wall CFO. […]
Posted in, National
Pilgrim’s Pride Withdraws Proposal To Acquire Hillshire After Tyson Raises Its Offer
Pilgrim’s Pride Corp. today said it has withdrawn its proposal to acquire The Hillshire Brands Co. Pilgrim’s says its decision to withdraw follows today’s announcement by Tyson Foods to raise its bid to acquire Hillshire, from $50 per share to $63 per share in cash. The transaction is valued at approximately $8.55 billion. Tyson’s first […]
Posted in, Southeast, Store News
Three Ga. Winn-Dixie Stores Converting To Harveys Beginning This Weekend
Winn-Dixie, a subsidiary of Bi-Lo Holdings, will begin rebranding three Georgia stores to the Harveys banner this Saturday. The stores at 2800 Old Dawson Rd. in Albany, 1553 U.S. 19 S. in Leesburg and 1208 Crawford St. in Americus will close Saturday for conversion and reopen Friday, June 13, as Harveys stores. To ensure customer […]
Posted in, Midwest, National
KeHE, FMI Partner To Create Bridge Day Next Week
KeHE Distributors, a leading distributor of natural, specialty, multicultural and fresh products, will host its annual Holiday Show at McCormick Place in Chicago, June 8-9. The two-day event will bring together thousands of retailers and suppliers in the natural, specialty and fresh product categories to showcase holiday products and also year-round “hot and on-trend” products. […]
Posted in, Southeast, Store News
Publix Recognized As One Of Fortune’s 500
Publix has once again been ranked to Fortune magazine’s 500 list. Publix ranked No. 104 on this year’s list—up from No. 108 last year—and No. 6 in the food and drug category. “I believe we are a strong, healthy and vibrant company because we own it,” said Publix CEO Ed Crenshaw. “Although Publix is a […]
Posted in, National, Southwest
Pilgrim’s Pride Ups Bid For Hillshire Brands To $7.7B
Pilgrim’s Pride Corp. confirmed that on Sunday it submitted a revised proposal to acquire The Hillshire Brands Co. for $55 per share in cash in a transaction valued at $7.7 billion. The proposal represents an increase of $1.3 billion vs. Pilgrim’s initial proposal and a 49 percent premium over Hillshire’s share price one day prior […]
Posted in, National
Tyson Wants Hillshire, Deal Contingent Upon Termination Of Pinnacle Merger
Just more than two weeks after Hillshire Brands announced that it had entered into a definitive agreement to purchase Pinnacle Foods Inc. in a $6.6 billion deal, Tyson Foods said Thursday that it hopes to buy Hillshire in a $50-per-share cash transaction valued at $6.8 billion. Springdale, Ark.-based Tyson says its proposal represents a “superior […]
Posted in, Equipment & Technology, National
Survey: Majority Of Consumers Believe Total Data Privacy No Longer Exists
The vast majority (80 percent) of consumers age 20-40 in the U.S. and the U.K. believe total privacy in the digital world is a thing of the past, and nearly half (49 percent) said they would not object to having their buying behavior tracked if it would result in relevant offers from brands and suppliers, […]
Posted in, Executive News, Midwest
Industry Veteran William Toler Becomes President, CEO At Hostess
Hostess Brands LLC has appointed food industry veteran William Toler, a colleague of Hostess Chairman Dean Metropoulos and who previously served as CEO of AdvancePierre Foods and president of Pinnacle, president and CEO. Longtime Hostess executive Rich Seban, who most recently served as the company’s president and COO, has been named vice chairman. “Hostess Brands […]
Posted in, Midwest, Store News
2013 Merger Generates $2.3B In 1Q Sales For SpartanNash
SpartanNash Co. this week reported financial results for the 16-week first quarter ended April 19. Consolidated net sales for the first quarter increased 199.1 percent to $2.3 billion compared to $780.3 million last year, primarily due to $1.5 billion in sales generated as a result of the November 2013 merger with Nash Finch Co. as […]