C&S Wholesale Grocers has named Joe Cavaliere as its chief commercial officer (CCO), a newly created position, effective September 4, 2018.
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 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.
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.
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.
Tom Lofland has been named president of Safeway’s Eastern Division, reporting to Albertsons EVP and Acme Markets president Jim Perkins.
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.
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.
The Pennsylvania Supreme Court has upheld the 1.5-cents-per-ounce tax on soft drinks and other sweetened beverages.
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.