News Archives

This archive contains all news stories posted to best-met.com. Complete print editions of Food World and Food Trade News are also available.


UNFI Aims To Change Game With $2.9B Acquisition Of Supervalu

After vowing to fight a proxy effort to assume board control by New York private investment group Blackwells Capital, Supervalu (SVU) instead made a deal on July 26 to sell its wholesale/retail organization to large specialty food distributor United Natural Foods, Inc. (UNFI) for $2.9 billion ($32.50 per share – a 64.5 percent premium from Supervalu’s closing price on July 25) including the assumption of debt and liabilities.

Lofland Named Safeway Eastern President Reporting To Perkins, Who Will Continue To Head Acme

Tom Lofland has been named president of Safeway’s Eastern Division, reporting to Albertsons EVP and Acme Markets president Jim Perkins.

Proxy Battle For Control Of SVU Board To Be Decided August 16

The proxy battle between Supervalu and minority holder Blackwells Capital for control of the wholesaler/retailer’s board will be decided by the company’s shareholders during the shareholders meeting scheduled for August 16 at Supervalu’s headquarters in Eden Prairie, MN.

PA Supreme Court Maintains Legality of Philly Beverage Tax

Philadelphia mayor Jim Kenney and his city council can declare victory as the Pennsylvania Supreme Court upheld the city’s controversial tax on soft drinks and other sweetened beverages.

Breaking News: PA Supreme Court Upholds Legality of Philly Beverage Tax

The Pennsylvania Supreme Court has upheld the 1.5-cents-per-ounce tax on soft drinks and other sweetened beverages.

The Fresh Market Will Shutter 15 Units As Part Of ‘Turnaround’ Plan

The Fresh Market, Inc. announced July 9 that it plans to close 15 stores in Virginia, North Carolina, Georgia, Illinois, Indiana, Kentucky, New Hampshire, Tennessee and Wisconsin.

Proxy Battle For Control Of SVU Board To Be Decided August 16

The proxy battle between Supervalu and minority holder Blackwells Capital for control of the wholesaler/retailer’s board will be decided by the company’s shareholders during the shareholders meeting scheduled for August 16 at Supervalu’s headquarters in Eden Prairie, MN.

Keptner Joins Wakefern As Senior VP-Marketing

Supermarket industry veteran Erik Keptner has been named senior VP-marketing for Wakefern Food Corp.

BJ’s Makes It Official With Filing To Launch Initial Public Offering

BJ’s Wholesale Club, operator of 215 club stores in 16 states (primarily on the East Coast), made it official earlier this month by filing a prospectus to launch an IPO with the Securities and Exchange Commission (SEC).

ShopRite Rules Again In Highly Competitive $98B Marketplace

With so much overstoring and so much diversity in retail styles, the gridlock in the 70-county Food Trade News marketing area continued.