Recently added articles from The Food Institute Report:
Wholesale food inflation at just 0.4% through May 1.
May 18, 2009 ... Although the unadjusted index for finished consumer foods moved up 1.0% in April, on an annualized basis wholesale food prices were up just 0.4% during the Jan. 1 to May 1 period. During April, prices were up just 0.2% from the same month last year. The largest monthly increase ...
Kosher/halal foods continue to grow at high rate and broaden appeal.
May 18, 2009 ... The kosher diet, which represents the largest sacred food category in the U.S., also is the foundation of a rapidly growing industry that attracts a variety of consumers for both religious and secular reasons. According to MINTEL INTERNATIONAL, the kosher food industry earns $12.5 billion ...
Walmart: a lesson in continuous improvement.(Wal-Mart Stores Inc.)(Brief article)
May 18, 2009 ... Walmart's current and past successes rely on its ever-present expansion efforts and focus on delivering low prices, such as its 'Everyday Low Price' promotion. However, the company's success stems from a finer distinction than just low prices, according to INFORMATION RESOURCES INC.'s ...
Hospitals look to open health clinics in supermarkets.(Brief article)
May 18, 2009 ... Looking to compete with walk-in clinics at drug stores, some hospitals are entering retail venues with walk-in clinics of their own, according to The New York Times on the Web (May 12). There are currently more than 1,000 retail health clinics operating at supermarkets, drug stores and big ...
Food store sales move into positive territory.
May 18, 2009 ... April sales at the nation's food and beverage stores advanced slightly above March levels and were 1.3% above the same month last year, totaling $47.4 billion. That is the first time since January that sales managed to outpace those of 2008. This also brought sales at food stores just ...
Foodservice sales up again in April.
May 18, 2009 ... Marking the second consecutive month of sales increases above prioryear levels, eating and drinking place operators rang up sales of $37.9 billion last month, 1.1% more than the prior year. This brought year to May 1 sales to $147.6 billion, or 1.7% above a year earlier. Growth ...
Drug store sales jump in March.
May 18, 2009 ... Drug stores and pharmacies saw their April sales jump a sharp 4.1% from a year earlier to $17.8 billion--$1.4 billion more than March. This brought first quarter sales to $51.6 billion, or 1.8% more than the same period of 2008. Warehouse club and supercenter sales rose just ...
Andromeda Acquisition Corp. extended its cash tender offer to purchase all of the outstanding shares of common stock.(MERGERS & ACQUISITIONS)(Brief article)
May 18, 2009 ... ANDROMEDA ACQUISITION CORP. extended its cash tender offer to purchase all of the outstanding shares of ...
C&A Restaurants, Inc., a publicly held Nevada Corporation.(MERGERS & ACQUISITIONS)(Union Square Sports and Entertainment Inc., acquire with C&A Restaurants, Inc., )(Brief article)
May 18, 2009 ... C&A RESTAURANTS, INC., a publicly held Nevada corporation, raised its minimum private offering amount of $1,150,000 and expects to close the ...
Central Grocers Cooperative completed its merger with Certified Grocers Midwest with the opening of a new 940,000-sq. ft. distribution center in Joliet, IL.(MERGERS & ACQUISITIONS)(Brief article)
May 18, 2009 ... CENTRAL GROCERS COOPERATIVE completed its merger with CERTIFIED GROCERS MIDWEST with the opening of a new 940,000-sq. ft. distribution center in Joliet, IL. Central Grocers relocated its headquarters from Franklin Park, IL to Joliet. The ...
Foster Farms, Livingston, CA, entered into a definitive asset purchase agreement with Pilgrim's Pride Corporation.(MERGERS & ACQUISITIONS)(Brief article)
May 18, 2009 ... FOSTER FARMS, Livingston, CA, entered into a definitive asset purchase agreement with PILGRIM'S PRIDE CORPORATION to ...
IDI Inc., the U.S. subsidiary of Arras, France-based Ingredia Group, finalized its acquisition of Kantner Ingredients, Wapakoneta, OH.(MERGERS & ACQUISITIONS)(Brief article)
May 18, 2009 ... IDI INC., the U.S. subsidiary of Arras, France-based INGREDIA GROUP, finalized its acquisition of KANTNER INGREDIENTS, Wapakoneta, OH. Kantner Ingredients manufacturers blends and distributes dairy proteins to the food ingredient industry. IDI Inc. produces functional and nutritional ...
Walgreens completed its acquisition of 31 Drug Fair stores in central and western New Jersey.(MERGERS & ACQUISITIONS)(Drug Fair Inc.)(Walgreen Co.)(Brief article)
May 18, 2009 ... WALGREENS completed its acquisition of 31 DRUG FAIR stores in central and ...
Anheuser-Busch Inbev entered into an agreement with Mr. Chen Fashu, whereby Mr. Fashu will acquire AB-InBev's remaining 7% stake in Tsingtao Brewery Co., Ltd. for $235 million.(MERGER RELATED NEWS)(Anheuser-Busch InBev)(Brief article)
May 18, 2009 ... ANHEUSER-BUSCH INBEV entered into an agreement with Mr. Chen Fashu, whereby Mr. Fashu will acquire AB-InBev's remaining 7% stake in TSINGTAO BREWERY CO., LTD. for $235 million. The parties ...
Burger King Corp.'s Canadian subsidiaries sold 20 restaurants in Ontario to Heartland Food Corp. of Canada.(MERGER RELATED NEWS)(Brief article)
May 18, 2009 ... BURGER KING CORP.'s Canadian subsidiaries sold 20 restaurants in Ontario to HEARTLAND FOOD CORP. of Canada. Additionally, Heartland Food Corp. simultaneously closed on the acquisition of 14 previously ...
Carrefour S.A. entered the bidding to acquire Gimenes, a Brazil-based supermarket chain with 23 units.(MERGER RELATED NEWS)(Brief article)
May 18, 2009 ... CARREFOUR S.A. entered the bidding to acquire GIMENES, a Brazil-based supermarket chain ...
General Mills, Minneapolis, signed an agreement to sell its Forno De Minas business to Laticinios Condessa, a supplier of food ingredients in Belo Horizonte, Brazil.(MERGER RELATED NEWS)(General Mills Inc.)(Brief article)
May 18, 2009 ... GENERAL MILLS, Minneapolis, signed an agreement to sell its FORNO DE MINAS business to LATICINIOS CONDESSA, a supplier of food ingredients in Belo ...
Grupo Lala, La Laguna, Mexico, acquired milk processing company National Dairy, Dallas, from Dairy Farmers of America, Inc.(MERGER RELATED NEWS)(Grupo Industrial Lala)(Dairy Farmers of America Inc.)(Brief article)
May 18, 2009 ... GRUPO LALA, La Laguna, Mexico, acquired milk processing company NATIONAL DAIRY, Dallas, from DAIRY FARMERS OF AMERICA, INC. National Dairy, which operates 18 manufacturing facilities and 79 stand-alone distribution centers producing a diverse range of dairy products, features well-known ...
Brazilian food companies Perdigao SA and Sadia SA are close to reaching a merger deal.(MERGER RELATED NEWS)(Perdigao)(Sadia Concordia S.A. Industria e Comerc)(Brief article)
May 18, 2009 ... Brazilian food companies PERDIGAO SA and SADIA SA are close to reaching a merger deal, ...
Finnish food group Raisio is selling its margarine business to Bunge Limited to focus on grain-based products.(MERGER RELATED NEWS)(Brief article)
May 18, 2009 ... Finnish food group RAISIO is selling its margarine business to BUNGE LIMITED to focus on grain-based products. The transaction includes margarine plants in Finland and Poland. The deal is worth $108.4 million ....