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Food and Staples Retailing Food Retail

  • LONDON, March 28- Britain's biggest retailer Tesco has agreed to pay a $162 million fine plus compensation to settle an investigation over a 2014 accounting fraud that sparked the biggest crisis in the company's near 100- year history. The supermarket group has struck a so-called deferred prosecution agreement with Britain's Serious Fraud Office, enabling...

  • Cheddar's Scratch Kitchen

    Olive Garden owner Darden Restaurants said on Monday it would buy Cheddar's Scratch Kitchen for $780 million in an all-cash transaction.

  • A butcher works at a public market on March 20, 2017 in Sao Paulo, Brazil.

    China lifted its import ban following a Brazilian investigation into health inspector corruption.

  • Costco will not be delivered right to your door

    A delivery service announced Tuesday it will start making runs to Costco to pick up orders for customers.

  • Costco store

    A delivery service announced Tuesday that it will start making runs to Costco to pick up orders for customers. The service is launching in Tampa.

  • Bottles of Pepsi-Cola on sale in San Francisco.

    The company's decision affects sodas like Pepsi and Mountain Dew, and other sweetened drinks like Gatorade and Lipton Iced Tea drinks.

  • Delivery Hero remains unwilling to rush its long-rumored IPO plans although its CEO says it has the luxury of being able to do so at any time.

  • An employee stocks cherries at Sprouts Farmers Market on in Wheat Ridge, Colorado.

    The large grocery chain is contemplating a merger with the organic food retailer, Bloomberg reports.

  • March 20- Target Corp on Monday named Kroger Co veteran Jeff Burt its senior vice president of grocery, fresh food and beverage, as the retailer makes a renewed push to overhaul the business amid an intensifying price war. Target which is embroiled in a fierce face-off with Wal-Mart Stores Inc, Kroger and Amazon Inc said last month that price cuts on its grocery...

  • March 20- Target Corp on Monday named Kroger Co veteran Jeff Burt its senior vice president of grocery, fresh food and beverage, replacing Anne Dament. Burt, who joins Target after 30 years at grocer Kroger, will report to Chief Merchandising Officer Mark Tritton. Dament stepped down in November, less than eighteen months after she was appointed and tasked with...

  • Brazilian President Michel Temer eats barbecue in a steak house in Brasilia after meeting with ambassadors from countries that import Brazilian meat

    Brazil’s President has told foreign trading partners that they should not lose their appetite for steak after a meat corruption scandal.

  • Pedestrians walk outside Sprouts Farmers Market in Wheat Ridge, Colorado.

    Grocery business Albertsons held preliminary talks to merge with Sprouts Farmers Market, Bloomberg reported on Sunday, citing people familiar with the situation.

  • PHILADELPHIA— Less than three months into Philadelphia's new tax on sweetened drinks, the stakes have escalated: Beverage makers say the measure is hurting sales so much they need to cut jobs, while city officials say the moves are a ploy to get the tax struck down. The receipt says the drinks cost $5.99, and the tax adds $3.04. IGA supermarket has hung signs near...

  • Keep an eye on these St. Patty's deals

    This St. Patty's Day diners at these restaurants and bars have plenty of deals to chose from.

  • An employee at Domino's Pizza

    Patrick Doyle, Domino's Pizza president & CEO, discusses the pizza giant's profitable push into technology as over 50% of all orders are done digitally.

  • LONDON, March 13- Asda, the British supermarket owned by Wal-Mart, is offering staff in its stores a 14 percent rise in hourly pay, if they sign a contract requiring more flexible working. Britain's No. 3 supermarket said on Monday it will offer its 135,000 store staff a base rate of 8.50 pounds an hour from October, up from 7.44 pounds. Asda's move comes as the Bank of...

  • These are American's top spot for a quick bite.

    Americans who regularly eat on the run have spoken: These are their favorite quick-service restaurants.

  • SAN FRANCISCO, March 8- Grocery delivery service Instacart has raised $400 million in its latest financing round, the startup announced on Wednesday, as investors show more enthusiasm for a business model whose viability has long been in question. The most recent financing round is Instacart's largest and boosts its valuation from $2 billion to $3.4 billion,...

  • SAN FRANCISCO, March 8- Grocery delivery service Instacart has raised $400 million in its latest financing round, the startup announced on Wednesday, as investors have started to show more enthusiasm for a business model whose viability has long been in question. The most recent financing round is the company's largest to date and was led my Sequoia Capital,...

  • LONDON, March 8- Britain's major supermarket chains could benefit from a small decline in overall spending by Britons because people will eat at home more rather than dining out, the boss of Sainsbury's said on Wednesday. British shoppers are starting to feel the strain of rising prices caused by last year's Brexit vote, suggesting the economy is heading for a...