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Food Retail

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  • Albertsons is owned by private equity firm Cerberus Capital Management LP. Cerebus bought Safeway and merged it with Albertsons earlier this year, creating the second-largest U.S. supermarket chain by number of stores after Kroger Co.. Citigroup, Morgan Stanley, Goldman Sachs and Merrill Lynch, Pierce, Fenner& Smith are underwriting the IPO, the company said in...

  • Supermarket chain Albertsons files for U.S. IPO Wednesday, 8 Jul 2015 | 6:57 AM ET

    July 8- U.S. supermarket chain Albertsons Cos Inc, which was recently merged with Safeway, filed with U.S. regulators on Wednesday for an initial public offering of common stock. Citigroup, Morgan Stanley, Goldman Sachs and Merrill Lynch, Pierce, Fenner& Smith are underwriters to the IPO, the company said in a filing with the U.S. Securities and Exchange Commission.

  • How Subway can recover from Jared Tuesday, 7 Jul 2015 | 5:41 PM ET
    Jared Fogle

    With Jared from Subway linked in reports to a child porn case, the chain needs to act smartly—and not too quickly, experts say.

  • No one on Wall Street likes Shake Shack Tuesday, 7 Jul 2015 | 10:59 AM ET
    Traders work on the floor of the New York Stock Exchange on January 30, 2015, the day of the Shake Shack IPO.

    Shake Shack has lost the typically uber-bullish crowd that is Wall Street analysts, and it just got worse Tuesday.

  • Greek bank closures may deplete supermarket shelves Friday, 3 Jul 2015 | 11:49 AM ET

    LONDON/ ATHENS, July 3- A halt to international payments from Greek bank accounts is hurting Greek businesses and their foreign partners and threatening supplies of vital goods like food and clothing into the debt-crippled country. With banks closed, people limited to withdrawing 60 euros per day and Greece's future in the euro possibly hinging on a...

  • India's push to save cows starves Bangladesh of beef Thursday, 2 Jul 2015 | 8:01 PM ET

    Indian soldiers guarding the Bangladeshi border have a new mandate: Stop illegal cattle crossing, in a sign India's Hindu policies are hitting neighbor's economies.

  • Whole Foods: We're sorry for ripping you off Thursday, 2 Jul 2015 | 12:50 PM ET
    A Whole Foods Market in Oklahoma City, Oklahoma.

    Whole Foods apologized after an investigation in New York City claimed the grocery chain overcharges for prepackaged food, USAT reports.

  • How much will Americans grill this weekend? Thursday, 2 Jul 2015 | 10:57 AM ET
    How much will Americans grill this weekend?

    CNBC's Jane Wells reports just how much Americans will consume this holiday weekend.

  • UK shares fall to 5-1/2 month low, supermarkets sink Tuesday, 30 Jun 2015 | 12:20 PM ET

    *Standard Life slips after downgrade from RBC. LONDON, June 30- Britain's top equity index hit its lowest level since mid-January on Tuesday, pulled down by miners and supermarkets and underperforming even euro zone shares despite Greece being hours away from a repayment default. The FTSE 100 index closed down 1.5 percent, with mining stocks BHP Billiton and...

  • LONDON, June 30- Suppliers to Tesco can expect a better deal from Britain's biggest supermarket chain as it tries to sustain a tentative revival-- providing their wares survive a cull that is removing thousands of products from shelves. Chief Executive Dave Lewis faces a tough battle to rebuild trust with suppliers shattered by a 263 million pound accounting...

  • LONDON, June 30- British online grocer Ocado is closing in on its first technology deal with an overseas retailer, it said on Tuesday, disappointing investors who had hoped for news of a firm transaction. Ocado shares, up around 30 percent in the last three months, fell as much as 5.5 percent in early trading. "While Ocado remains convinced its first global deal will be...

  • San Fran sugar war 'fails logic test': Advocate Sunday, 28 Jun 2015 | 9:00 AM ET
    A nutrition facts label displays sodium content in a supermarket in New York.

    San Francisco is becoming the first city to require health warnings on ads for soda and sugary drinks, but one advocate blasts the move.

  • LONDON, June 26- Britain's biggest supermarket Tesco showed a tentative recovery in its key home market was starting to move onto a stronger footing, with the sales decline in its first quarter coming in ahead of forecasts. A trading update on Friday, published ahead of a potentially stormy annual shareholders' meeting later in the day, said sales at British...

  • India’s ecommerce groups target online grocery shoppers Thursday, 25 Jun 2015 | 10:23 PM ET

    Globally, buying groceries online has not boomed. But in India, a stunted grocery sector offers opportunity for e-commerce players. The Financial Times reports.

  • June 25- Kroger Co, the largest U.S supermarket operator, said it would increase its quarterly dividend by 13.5 percent and buy back $500 million of shares. Kroger raised its quarterly dividend to 21 cents per share on a pre-split basis from 18.5 cents per share. Kroger's shares were up about 1.4 percent at $73.93 in midday trading on Thursday.

  • CHICAGO, June 24- A merger between Dutch supermarket Ahold and Belgian rival Delhaize will be a boon for U.S. online grocer Peapod, an Ahold unit which will gain valuable resources to fend off rival Amazon.com and upstart competitors, according to retail industry consultants. Access to Delhaize's efficient and low-cost distribution centers in the east and its...

  • June 24- Posh supermarket chain Whole Foods Market Inc is being investigated by the New York Department of Consumer Affairs for overcharging customers for prepackaged meat, dairy and other goods by overstating their weight. Whole Foods, which dominates natural and organic grocery sales in the United States, is nicknamed "Whole Paycheck" for its high prices.

  • AMSTERDAM, June 24- Dutch-based supermarkets operator Ahold has reached a deal to buy Belgian peer Delhaize, the companies announced on Wednesday, in a move that will create a top 20 global retailer with strong positions in Europe and the United States. Ahold is operator of Stop&Shop and Giant in the United States, while Delhaize owns the Food Lion chain.

  • Supermarket operator Ahold to buy Belgium's Delhaize Wednesday, 24 Jun 2015 | 2:03 AM ET

    AMSTERDAM, June 24- Dutch-based supermarkets operator Ahold said on Wednesday it is to buy Belgian peer Delhaize in an all-share merger, with Ahold taking a 61 percent stake in the new company. In a joint statement, the two companies said the combination will have 54.1 billion euros in sales, with complementary operations in the United States and Benelux.

  • How big pizza chains are eating up mom and pop Tuesday, 23 Jun 2015 | 4:03 PM ET
    A Domino's Pizza location in Murray, Kentucky

    Pizza chains like Papa John's and Domino's will continue to refine technology, drawing consumers from small shops, an analyst said.