Food and Staples Retailing Food Retail

  • MILAN, Sept 30- The owner of Italian supermarket chain Esselunga, Bernardo Caprotti, has died at the age of 90, two sources close to the family said on Friday. Until then, he had been in talks over a possible sale of the group to private equity funds for up to 6 billion euros. The funds involved in the talks include Blackstone, CVC Capital Partners and BC Partners,...

  • MILAN, Sept 30- Having worked all his life to build Italy's fourth biggest supermarket chain and protect it from rivals, 90- year-old Bernardo Caprotti spent the past few months fighting to make sure his brand will thrive without him. The billionaire, working from his three-storey, heavily guarded home in central Milan, has been in talks with private equity funds...

  • MILAN, Sept 30- Having worked all his life to build Italy's fourth biggest supermarket chain and protect it from rivals, 90- year-old Bernardo Caprotti spent the past few months fighting to make sure his brand will thrive without him. The billionaire, working from his three-story, heavily guarded home in central Milan, has been in talks with private equity funds...

  • Stocks to Watch: September 30, 2016

    Deutsche Bank, McCormick and Costco are making waves on Wall Street today.

  • Zume’s robots apply sauce to the pizzas

    Zume Pizza is replacing human chefs with robots, slashing labor costs in half and reinvesting those savings into higher-quality ingredients.

  • However, sales fell 4.6 percent to $2.67 billion, missing analysts' estimates, hurt by lower demand for its grocery, snacks and frozen food items. Net income attributable to the company was $186.2 million, or 42 cents per share, compared with a loss of $1.15 billion, or $2.68 per share, in the same period last year. Analysts had expected adjusted earnings of 48 cents per...

  • Sept 29- ConAgra Foods Inc, the maker of Chef Boyardee pasta and Hunt's ketchup, reported lower-than-expected quarterly sales, hurt by lower demand for its grocery, snacks and frozen food items. The Chicago- based company's net sales fell 4.6 percent to $2.67 billion, missing the average analysts' estimate of $2.73 billion, according to Thomson Reuters I/B/E/S.

  • Cosi files for bankruptcy protection

    The fast-casual restaurant chain filed for Chapter 11 bankruptcy protection on Wednesday.

  • CAPE TOWN, Sept 28- It would be a "natural development" for international retail group Steinhoff to take over Shoprite, Africa's biggest supermarket chain, South African tycoon Christo Wiese told Reuters, sending shares in the grocery group surging 4 percent. "People will speculate about that," he said in a rare interview on Tuesday at his modest offices...

  • Chef creates quiet foods for movie theaters

    The food items include her Chicken Caesar Salad Boats and poached lobster rolls with pink chili dressing

  • CAPE TOWN, Sept 28- It would be a "natural development" for international retail group Steinhoff to take over Shoprite, Africa's biggest supermarket chain, South African retail tycoon Christo Wiese told Reuters. "People will speculate about that," he told Reuters in a rare interview on Tuesday at his modest offices overlooking factories in the dusty northern Cape...

  • The Australian man decides to auction off the intellectual property rights to his hamburger and hot dog combination food.

  • LONDON, Sept 28- Sterling's fall since Britain's vote to leave the European Union will not necessarily lead to higher grocery prices, as it could be offset by lower commodities prices and stiff competition, the country's No.2 supermarket group Sainsbury's said on Wednesday. Britain's grocery sector has seen more than two years of falling prices as German...

  • LONDON, Sept 28- Sainsbury's, Britain's second biggest supermarket, on Wednesday reported another drop in quarterly underlying sales and cautioned that it did not expect a change to competitive market conditions any time soon. The firm, which earlier this month completed its 1.4 billion pounds takeover of Argos-owner Home Retail, said sales at stores open...

  • LONDON, Sept 28- Sainsbury's, Britain's second biggest supermarket, on Wednesday reported another drop in quarterly underlying sales and cautioned that it did not expect a change to competitive market conditions any time soon. The firm, which earlier this month completed its 1.4 billion pounds takeover of Argos-owner Home Retail, said sales at stores open...

  • Demand for clean, healthy grub has spurred the use of "pure commodities" - ingredients you can actually recognize - by food manufacturers.

  • Fast food chains test upscale menu items

    The moves target millennial customers seeking more adventurous foods at a low price.

  • Investment returns on food retailers are very poor: Pro

    Charles Newsome, divisional director at Investec Wealth, shares his outlook for food retailers and warns investors to stay away from them.

  • Stocks to Watch: September 19, 2016

    McDonald's, Viacom and PayPal are making headlines this Monday morning before the opening bell.

  • goPuff founders Rafael Ilishayev and Yakir Gola

    Have a 2 a.m. hankering for ice cream? If you live in one of the cities served by fast-growing delivery start-up goPuff, you may be in luck.