Kraft Heinz has decided to withdraw its $143 billion offer to buy Unilever, which had spurned the offer as too low, The AP reports.
Kraft Heinz's proposed Unilever merger marks another consolidation effort in the food industry by 3G Capital and Warren Buffett's Berkshire Hathaway.
MOSCOW, Feb 16- Russian food retailer Lenta will focus on opening more supermarkets this year and fewer hypermarkets as it expects consumer demand to remain weak. It said it plans to open about 50 supermarkets, up from 17 last year, expanding into new regions starting with Novosibirsk in Siberia. "We see an opportunity for supermarkets to gain a substantially...
The casual restaurant chain says the promotion will now become a permanent staple on its menu.
BERLIN, Feb 15- German discount supermarket group Lidl will open its first stores in the United States ahead of schedule this summer, it said on Wednesday, with plans for up to 100 stores within a year in a move that could shake up U.S. retailers. The group plans to open its first 20 stores in Virginia, North Carolina and South Carolina, it said in a statement.
NEW YORK— Lidl, the German no-frills supermarket chain, is opening its first wave of stores in the U.S. this summer ahead of schedule, with plans to open up to 100 locations across the East Coast within a year. Lidl's first 20 U.S. stores will be opening in North Carolina, South Carolina and Virginia, where the company established its first U.S. headquarters in 2015.
MEDINA, Ohio— A 23- year-old University of Akron accounting student has been named the nation's top grocery bagger after claiming the Ohio title two years in a row. The Medina Gazette reports Brady Long returns to Wadsworth with a $10,000 prize after winning the National Grocers Association's Best Bagger championship. Long packs up groceries at Buehler's...
MALMO, Sweden— Something high-tech is happening in the produce aisle at some Swedish supermarkets, where laser marks have replaced labels on the organic avocados and sweet potatoes. If its test is successful, ICA, which has 1,350 stores across Sweden, hopes to cut down on the stickers and packaging it now uses to identify its organic produce.
Wesfarmers CEO Richard Goyder discusses his company's latest earnings results and the Australian retail environment.
AUSITN, Texas— Texas- based My Fit Foods has closed all of its stores. My Fit Foods last fall reported having more than 50 locations in five states, plus grocery retailers and corporate and college campuses. Austin- based My Fit Foods didn't immediately provide additional information on the locations, offering what the company called nutritionally balanced,...
The retail slump is taking a toll on the candy industry, but chocolate purveyor Jacques Torres explains to CNBC what helps keep him on top.
The grocery chain aims to tackle its worst sale slump in more than a decade.
Our argument is, look at what you are doing to Main Street retailers if you repeal, said Hannah Walker, director of government relations for the Food Marketing Institute, which represents grocers. The merchants, after years of gaining little ground in the courts, took the fight to Congress, where both sides say they support the little guy. The last round went to the...
Feb 8- Whole Foods Market Inc on Wednesday said it is closing some stores and increasing use of customer data to improve results after cutting its full-year sales and profit forecasts after posting its sixth straight quarter of same-store sales declines. Shares in the organic and natural food grocer were down 2.1 percent in extended trading.
NEW YORK— Whole Foods is hitting the brakes on its ambitious expansion plans as sales keep dropping at existing stores. As customers migrate to traditional supermarkets— which Whole Foods CEO John Mackey said have become a "good enough alternative" for some— the company said it will focus on its most loyal customers and getting them to spend more.
A bumper crop last season from benign weather in West Africa is weighing on cocoa prices, but consumers are also to blame for a 4-year low in futures.
Entrepreneurs have set up farms in shipping containers to grow fresh produce in the heart of the urban jungle.
Some U.K. supermarkets are rationing the amount vegetables that customers can buy following a poor harvest in southern Europe.
One of Nestle's KitKat chocolate stores in Tokyo has unveiled chocolate sushi just in time for Valentine's Day.
*Firm hires former Sainsbury's executive Luke Jensen. LONDON, Jan 31- British online supermarket Ocado said it was increasingly confident that it would deliver an overseas technology deal first targeted before the end of 2015.. Ocado shares were up 7.2 percent at 262.2 pence at 1110 GMT as the market welcomed a 3.3 percent rise in annual core earnings in 2016 and...