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Food Distributors

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  • July 9- Canadian food distributor Loblaw Companies Ltd said its employees in 69 stores in Ontario have voted to accept a six-year contract, and all ongoing and pending strikes have been canceled. Loblaw said the terms of the contract provide employees and the company "a fair deal and security." Strikes commenced on July 2 in nine stores and strikes scheduled to...

  • Albertsons shopping for IPO Wednesday, 8 Jul 2015 | 8:00 AM ET
    Albertsons shopping for IPO

    Albertsons files for an Initial Public Offering after being taken private nine years ago.

  • Greek olive farmers demand cash as bank fears grow Tuesday, 7 Jul 2015 | 10:47 AM ET

    LONDON/ ATHENS, July 7- The cash economy emerging after the closure of Greece's banks is beginning to paralyze the country's vital olive oil industry as farmers demand cash for supplies that distributors are unable to pay. With the country's lenders at risk of default, Greece's half a million olive growers, many of them small family businesses, fear the banks will...

  • Hostess' sweet turn of events Tuesday, 7 Jul 2015 | 10:00 AM ET
    Hostess' sweet turn of events

    Hostess Brands has taken itself off the auction block and will pursue an IPO instead. - Reuters

  • Smucker's to brighten your morning Wednesday, 1 Jul 2015 | 9:00 AM ET
    Smucker's to brighten your morning

    J.M. Smucker cuts prices on its Folgers and Dunkin' Donuts packaged coffee.

  • CAG shares rally on private label exit Tuesday, 30 Jun 2015 | 10:00 AM ET
    CAG shares rally on private label exit

    ConAgra earnings are in line, but the stock is up as the company is getting out of its costly acquisition of Ralcorp and its private label food business.

  • Sysco sends back merger order Monday, 29 Jun 2015 | 9:00 AM ET
    SYSCO sends back merger order

    Sysco terminates its merger agreement with both U.S. Foods and Performance Food Group.

  • WASHINGTON, June 23- Sysco Corp, the nation's largest food distributor, lost a battle with the U.S. government as a federal judge ruled on Tuesday that the company could not merge with its biggest competitor, US Foods, without a go-ahead from antitrust enforcers. "The FTC has shown that there is a reasonable probability that the proposed merger will substantially...

  • Why Uber, Amazon are battling a croissant maker Friday, 12 Jun 2015 | 11:03 AM ET
    A worker handles finished grocery boxes ready for delivery at the FreshDirect online grocery service warehouse in New York.

    Can 13-year-old FreshDirect, a pioneer in online grocery delivery, survive the Silicon Valley onslaught of on-demand food and grocery apps?

  • Restaurants, eat your egg price increases—for now Tuesday, 2 Jun 2015 | 1:10 PM ET
    Sausage and eggs

    Don't be the first to pass on higher costs, says diner owner Andrew Loucas.

  • Bird flu saga to limit chicken, egg supply: Sysco Saturday, 16 May 2015 | 2:35 PM ET
    Chicken farm

    Sysco said on Friday that a record U.S. outbreak of avian flu would limit its chicken and egg supply for nine to 18 months.

  • NEW YORK, May 15- Food distributor Sysco Corp said on Friday that a record U.S. outbreak of avian flu would limit its chicken and egg supply for nine to 18 months, based on information provided to the company by its suppliers. Sysco is the biggest U.S. food distributor, whose clients include restaurants, hotels and hospitals. The company is discussing options with its...

  • Why the FTC is wrong about our merger: Sysco CEO Friday, 15 May 2015 | 12:02 PM ET
    Sysco tractor-trailers sit parked outside the company's distribution center in Louisville, Ky.

    Sysco's CEO says the FTC, which is suing to block the company's merger with US Foods, has it all wrong.

  • Ex-banker wants you to try the 'Kobe beef of pork' Wednesday, 13 May 2015 | 1:40 PM ET
    A Mangalitsa pig

    Former Wall Street financier Chris Andersen has spent a lifetime raising money on Wall Street. Now he's raising pigs.

  • May 4- Sysco Corp reported a lower-than-expected quarterly profit, hurt by higher costs and a strong dollar, a day before hearing begins on the Federal Trade Commission's motion to block the company's acquisition of rival US Foods Inc.. Sysco, the no. 1 U.S. food distributor, said on Monday that higher prices of meat, dairy and poultry products, expenses related to...

  • Sysco's profit falls as meat, poultry costs rise Monday, 4 May 2015 | 8:14 AM ET

    May 4- Sysco Corp, the no. 1 U.S. food distributor, reported a 2 percent fall in quarterly profit, hurt by a rise in meat and poultry prices, a strong dollar and higher expenses. Sysco, whose proposed $3.5 billion deal to buy smaller rival US Foods Inc is facing opposition from the Federal Trade Commission, said net income fell to $177 million, or 30 cents per share, in the...

  • The next big thing on pizza Thursday, 23 Apr 2015 | 2:31 PM ET

    Emily restaurant owner Matthew Hyland banked on a local grower for the freshest basil—and immediately saw his profits take seed.

  • April 22- Food distributor Sysco Corp said it had filed a memorandum opposing the U.S. Federal Trade Commission's efforts to block its proposed merger with smaller rival U.S. Foods Inc.. Sysco, the largest U.S. food distributor, unveiled its plan to buy US Foods, the second-largest, in December 2013. The U.S. government filed a lawsuit in February seeking to block...

  • April 22- Food distributor Sysco Corp said it had filed a memorandum opposing the U.S. Federal Trade Commission's efforts to block its proposed merger with smaller rival U.S. Foods Inc.. Sysco said it filed the memorandum on Tuesday in the U.S. Federal District Court for the District of Columbia, opposing the FTC's motion for preliminary injunction against the...

  • CHICAGO, March 5- Costco Wholesale Corp is working toward eliminating the sale of chicken and meat from other animals raised with antibiotics that are vital to fighting human infections, senior executives at the third-largest U.S. retailer told Reuters on Thursday. The ongoing push by Costco, which sells 80 million rotisserie chickens a year, highlights...