Corporate Operations: Page 224
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ShopRite increases presence of locally sourced foods at its stores
Working with local entrepreneurs, family farm and community businesses, the retailer offers a unique product assortment that varies by location.
By Sandy Skrovan • June 22, 2017 -
Diageo buys George Clooney-owned tequila brand for up to $1B
The purchase of Casamigos follows the spirit maker's goal to expand into the fast-growing super-premium alcohol category popular with consumers.
By Christopher Doering • June 22, 2017 -
Trendline
Mergers and acquisitions
Declining sales and slowing consumption have more companies divesting brands, opening the door for smaller players and private equity firms to expand their portfolios.
By Food Dive staff -
Hain Celestial says it won't restate earnings following accounting audit
The manufacturer, which hadn’t reported results since 2016, said regulators and its own team ended an investigation into possible accounting discrepancies.
By Jeff Wells • June 22, 2017 -
Deep Dive
6 ways the Amazon-Whole Foods deal could impact the grocery industry
Analysts say retailers can expect greater pricing pressure, consolidation and consumer expectations for online shopping and delivery.
By Jeff Wells • June 22, 2017 -
Schnucks doubles down on support for food stamps, local produce
While low-income households will benefit, the biggest winners of the retailer's new program will be local farmers and the supermarket itself.
By Sandy Skrovan • June 21, 2017 -
Deep Dive
Does Amazon have the cure to fix Whole Foods' retail woes?
The natural and organic retailer could benefit from the online giant's technology and ability to lower prices, but it could struggle to survive a culture clash with web pioneer.
By Jeff Wells • June 21, 2017 -
Analysts: Sprouts ripe for takeover in wake of Amazon-Whole Foods deal
The retailer could generate significant interest from other grocers looking to compete in the natural and organic space.
By Jeff Wells • June 21, 2017 -
Hostess eyes expansion into new product categories
"We need to decide if we're going to do it ourselves or if we're going to find a partner," Hostess COO Andrew Jacobs said of the company's plans to capture more market share.
By Emma Liem Beckett • June 21, 2017 -
The Fresh Market's Rick Anicetti resigns as CEO
Chief Financial Officer Brian Nicholson will assume the role on an interim basis, the company announced.
By Jeff Wells • June 21, 2017 -
Nestle USA invests in meal kit startup Freshly
The manufacturer of Hot Pockets, Nestlé Crunch and Tombstone pizza was the lead investor in the $77 million funding round.
By Christopher Doering • June 21, 2017 -
Nestle's U.S. candy business could be a sweet deal for the right buyer
Industry consolidation is likely as candy makers look to overcome growing competition and waning consumer demand for sugar.
By Sandy Skrovan • June 20, 2017 -
Opinion
With Whole Foods, Amazon adds some serious brick and mortar to its digital arsenal
The online giant's latest acquisition shows the Seattle company is committed to owning every access point to the consumer, including delivery and traditional retail stores.
By Bahige El-Rayes • June 20, 2017 -
Whole Foods CEO suggests grocer could spin off new brand under Amazon
The organic grocer's chief said post-acquisition it could spin off a new brand that "wouldn't be our standards" — but, presumably, would be more in line with Amazon's business model.
By Ben Unglesbee • June 20, 2017 -
Deep Dive
How Amazon's Whole Foods deal could spoil Target's grocery ambitions
The mass merchant's grocery business has struggled with spoilage and turnover. With Amazon moving fast into brick-and-mortar grocery retailing, it's now or never for Target to carve out a defensible position.
By Corinne Ruff • June 20, 2017 -
Ikea's bakeable recipe sheets help consumers cook with confidence
The Swedish retailer's "fill-in-the-blank" cooking instructions are printed on parchment with food-safe ink and feature the company's food products.
By Emma Liem Beckett • June 20, 2017 -
Could a bidding war emerge for Whole Foods?
With the grocer's stock trading above the $42 per share price offered by Amazon, some on Wall Street are optimistic another bidder could emerge.
By Jeff Wells • June 20, 2017 -
Ian McLeod to leave CEO post at Southeastern Grocers
Anthony Hucker, the company’s chief operating officer, will take over the role on an interim basis beginning in July.
By Jeff Wells • June 20, 2017 -
One step closer to IPO, Blue Apron eyes value of nearly $3.2 billion
The meal-kit delivery company, which has never turned a profit, is looking to sell 30 million shares to the public between $15 to $17 per share.
By Christopher Doering • June 20, 2017 -
Deep Dive
6 of the worst product failures in the food and beverage industry's history
Big corporations are not immune to product mistakes. Just think of Coca-Cola's infamous formula change for its classic soda and toothpaste maker Colgate's unsuccessful introduction of frozen lasagna.
By Christopher Doering • June 19, 2017 -
Deep Dive
Amazon vs. Walmart: Why the Whole Foods deal escalates the war for the American shopper
The deal gives Amazon a big brick-and-mortar footprint in the grocery business it's trying to disrupt.
By Laura Heller • June 19, 2017 -
Kroger's results suggest a bumpy road ahead for the company
The retailer lowered its earnings forecast last week, leading many to speculate it will struggle to keep pace with Lidl, Walmart and other competitors.
By Jeff Wells • June 19, 2017 -
Grocery meal kit sales topped $80 million in 2016, with more growth expected
Whole Foods, Publix and Kroger are just a few retailers offering the prepared food option in their stores as more companies look to embrace the popular item.
By Jeff Wells • June 19, 2017 -
Southeastern Grocers converts more Winn-Dixie stores to Hispanic format
The company opened seven Fresco Y Mas stores last week, bringing the Hispanic banner's total to 18 locations.
By Jeff Wells • June 19, 2017 -
Retrieved from Coca-Cola on June 16, 2017
Bending the rules, Fanta twists its way to a new bottle design
Coca-Cola spent five years working on the new packaging after finding the previous version no longer stood out against competitors.
By Christopher Doering • June 16, 2017 -
Amazon to buy Whole Foods in $13.7B deal
The online giant is buying the organic and natural foods pioneer as it faces growing competition from Kroger, Walmart and other retailers.
By Christopher Doering • June 16, 2017
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