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.


Joe Cavaliere Joins C&S Wholesale Grocers As Chief Commercial Officer

C&S Wholesale Grocers has named Joe Cavaliere as its chief commercial officer (CCO), a newly created position, effective September 4, 2018.

Publix To Construct 1.8 Million Sq. Ft. Charlotte, NC Div. Depot

Five years after it created its newest operating division in Charlotte, NC, Publix has announced that it will build a distribution center complex to supply and support stores that the large retailer operates in North Carolina, Virginia and South Carolina.

Activist Investor Loeb Acquires 5.65% Stake In Campbell Soup

Activist investor Third Point LLC is pushing for a sale of Campbell Soup Co. The management firm, headed by Daniel Loeb, recently acquired a 5.65 percent interest in the Camden, NJ based firm for $686.4 million.

Rite Aid, Albertsons Call Off $24 Billion Proposed Merger

The proposed Albertsons-Rite Aid merger is dead. Fearing a negative outcome, on August 8, the day before the scheduled vote from Rite Aid shareholders to approve a $24 billion merger, both parties called off the deal, ending the hope of both retailers to combine forces.

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.