Kroger Co. CEO David Dillon was paid $8.9 million in 2011, a 66 percent markup over what the Cincinnati-based grocer paid him the previous year, the Associated Press reports. Dillon’s pay improved along with Kroger’s bottom line. His cash performance bonus increased from $808,020 to $2.7 million, and Dillon also was paid a $619,000 long-term […]
Tag: financial
Posted in, National
Bankruptcy Judge Denies Hostess’ Motion to Reject Teamster Contracts
In a victory for Hostess workers, U.S. Bankruptcy Judge Robert Drain issued an oral decision Monday evening denying Hostess Brands Inc.’s motion to reject all Teamster labor contracts, meaning that all contracts with Teamster local unions remain in effect. “We told our Hostess members all along that we would vigorously oppose the imposition of unjust […]
Posted in, National
Hostess Warns Its 18K U.S. Employees Of Potential Layoffs
Hostess Brands Inc. has sent notices of potential layoff, under the federal WARN act, to all 18,000 employees across the U.S. Irving, Texas-based Hostess, maker of the iconic Twinkie and Wonder Bread, currently is under Chapter 11 bankruptcy protection. “The notices were sent to alert employees that a sale or wind down of the company […]
Posted in, Southwest
Newman’s Own Donates To Food Banks For ‘Loser’ Challenge Winners
The seven contestants from the March 27 episode of NBC’s “The Biggest Loser” have received their challenge award of 60,000 pounds of food from Newman’s Own. The competitors loaded trucks May 8 with 30,000 pounds of Newman’s Own products, the total amount of weight lost up to that date on “The Biggest Loser,” which airs […]
Posted in, Southeast
Delhaize America, Food Lion Re-open Dunn, N.C., Distribution Center
Salisbury, N.C.-based Delhaize America and Food Lion have re-opened their distribution center in Dunn, N.C. The facility was severely damaged on April 16, 2011, by a tornado, and the company recently completed construction and expansion activities at the center. “The re-opening of this facility is extremely important to our company’s distribution and transportation network, and […]
Posted in, National, West
Former Hostess CEO Takes The Helm At Diamond Foods
San Francisco-based Diamond Foods has appointed food and beverage industry veteran Brian J. Driscoll as president and CEO, effective May 8. Driscoll, who will join the Diamond board of directors, replaces Rick G. Wolford, a director who has served as interim CEO since Feb. 7 while the company conducted a nationwide search for a permanent […]
Posted in, National, New Products
HumanKind Water Wins Walmart’s ‘Get On The Shelf’ Contest
Walmart has announced the final winners of its Get on the Shelf contest, HumanKind Water, PlateTopper and SnapIt Eyeglass Repair Kit. More than 4,000 inventors, entrepreneurs and small businesses from across the country entered the contest with video submissions for products ranging from household wares and children’s toys to organic food and green items. More […]
Posted in, Marketing News, National
FMI Forms Partnership With TopSource To Provide Procurement Solutions
From FMI Show 2012 The Food Marketing Institute (FMI) has formed a strategic business partnership with TopSource LLC, a sourcing company and wholly owned subsidiary of Topco Associates LLC. FMI and TopSource will work together on program initiatives to help food retailers and wholesalers identify business opportunities and better serve the needs of their customers. […]
Posted in, Midwest, West
Apio Acquires Green Bean Processor
Fresh-cut vegetable producer Apio Inc. has acquired GreenLine Foods Inc. from The Riverside Co., a global private equity firm. Perrysburg, Ohio-based GreenLine Foods is a leading processor and marketer of value-added, fresh-cut green beans in North America, according to Apio, which is based in Guadalupe, Calif. “U.S. consumer demand for the convenience of fresh-cut green […]
Posted in, Beverage News, National
Samuel Adams Supports Small Business Growth
The Boston Beer Co. has expanded its Samuel Adams “Brewing the American Dream®” program. With a focus on helping small businesses related to food, beverage, craft brewing and hospitality, Brewing the American Dream provides loans and industry-specific coaching, mentoring and educational resources to business owners who find it difficult to access the capital and guidance […]
Posted in, National
John Dumais Receives N.G.A. Association Leadership Award
John Dumais, president and CEO of the New Hampshire Grocers Association (NHGA), has been presented the National Grocers Association (N.G.A.) Association Leadership Award for his dedication and continued service as a true community focused state association executive. A cornerstone of the industry for 40 years, Dumais has demonstrated unflagging leadership. He has, since 1974, been […]
Posted in, Equipment & Technology, National
ROFDA, Media Solutions Corp. Announce Partnership
Media Solutions Corp. (MSC) and Retailer Owned Food Distributors & Associates (ROFDA) have announced their partnership to provide ROFDA member distributors new services to help their independent retailer customers to compete more favorably. “We founded MSC in July of 2011 and the very first call we made was to ROFDA to brainstorm how MSC could […]
Posted in, Marketing News, Northeast, Southeast
Chobani Moving Sales Headquarters to Charlotte, N.C.
The maker of the nation’s top-selling Greek yogurt brand is bringing its North American sales headquarters to Charlotte, N.C. The Charlotte Business Journal reports that New York State-based Chobani Global Holdings Inc. already has 17 employees in the area and plans to increase its staff to about 60 by the end of 2013. Average salaries […]
Posted in, National
The J.M. Smucker Co. Promotes David Lemmon
The J.M. Smucker Co. has promoted David Lemmon to VP and managing director, Canada—effective May 1. Lemmon has been with the company for 17 years, and his leadership has been instrumental in successfully implementing the company’s growth strategy in Canada and helping the company achieve a leading market share position in several Canadian food and […]
Posted in, Beverage News, National
Jamba Expanding Distribution Of All-Natural Energy Drinks
Jamba Inc. plans to expand the distribution and retail outlets of Jamba All-Natural Energy Drinks beyond the current Northeastern market as part of its strategic goal to accelerate its consumer products platform. Jamba-branded products for at-home enjoyment are currently available in more than 30,000 retail outlets across the nation and in Jamba locations. Jamba is […]
Posted inLipari Foods, Midwest
Lipari Foods Acquires Ohio-Based I&K Distributors
Michigan-based Lipari Foods has acquired its longtime competitor I&K Distributors of Delphos, Ohio. It is the first step toward Lipari’s goals to grow as a regional distributor and ultimately to become a national distributor with other locations, Thom Lipari, president and CEO, told The Shelby Report’s Geoff Welch at the company’s spring show on April […]
Posted in, Marketing News, National
Report: Latinos Represent A Vital And Growing U.S. Market
More than 52 million strong and representing the majority of population growth over the next five years, Latinos have become a prominent actor in all aspects of American life, according to “The State of the Hispanic Consumer: The Hispanic Market Imperative,” released today by Nielsen, a leading global provider of information and insights into what […]
Posted in, National
ConAgra Foods To Acquire Odom’s Tennessee Pride
ConAgra Foods Inc. has agreed to acquire Odom’s Tennessee Pride, a leading producer of frozen and refrigerated breakfast sandwiches and sausage. The agreement includes facilities in Little Rock, Ark., and Dickson, Tenn., and its headquarters office in Madison, Tenn. Odom’s Tennessee Pride has approximately 750 employees, annual revenue in excess of $190 million and is […]
Posted in, National
N.G.A. Responds to Court Rulings
The National Grocers Association (N.G.A.) has issued the following statement by Peter J. Larkin, president and CEO, following the issuance of an injunction by the U.S. Court of Appeals for the D.C. Circuit blocking the National Labor Relations Board (NLRB) from requiring businesses to comply with the board’s employer posting requirement that was set to […]
Posted in, Southeast
Workers’ Legal Team: Ingles Markets Violates Labor Laws
The supermarket chain Ingles Markets Inc. violates federal labor laws with its pay practices regarding wages and overtime pay, according to a lawsuit filed today in Tennessee federal court by workers’ attorneys at Outten & Golden LLP and Lieff Cabraser Heimann & Bernstein LLP. Named plaintiff Nathan D. Gilliard, a store co-manager from Madisonville, Tenn., […]