×

Food and Beverage Food and Staples Retailing

  • TORONTO, Oct 2- Canada's main stock index rose on Monday as broad gains led by its heavyweight financial components offset the weight of energy stocks' retreat with lower oil prices. Jean Coutu Group gained 1.8 percent to C $24.74 after grocery company Metro Inc said it would buy the pharmacy chain for C $24.50 a share. At 10:07 a.m. ET, the Toronto Stock Exchange's...

  • Amazon-Whole Foods going to be a match made in heaven: Jim Cramer

    The "Squawk on the Street" news team discusses the news that some Whole Foods point-of-sale systems suffered a security breach as well as Amazon's takeover of the company.

  • *Metro offers C $24.50 a share for Jean Coutu. Sept 27- Metro Inc, Canada's third-biggest food retailer said on Wednesday it was in talks to buy pharmacy chain Jean Coutu Group in a deal that values the company at C $4.5 billion, sending shares of the target surging to multi-year highs. Jean Coutu operates drugstores in Quebec, New Brunswick and Ontario, and it...

  • Sept 27- Metro Inc, Canada's third-biggest food retailer, is in talks to buy pharmacy chain Jean Coutu Group in a deal that values the company at C $4.5 billion. Vancouver- based Metro is offering C $24.50 per share, representing a 6 percent premium to Jean Coutu's Tuesday closing price. Metro, which operates more than 600 food stores across Canada, bought a majority...

  • Sept 27- Canadian drug store chain Jean Coutu Group Inc said on Wednesday it was in talks to be acquired by Metro Inc for about C $4.50 billion.

  • Chobani founder Hamdi Ulukaya launched the company's food incubator in 2016.

    The Chobani Food Incubator brings companies together one week a month for four months.

  • The world's biggest brick-and-mortar retailer said on Friday it is partnering with August Home, a provider of smart locks and home accessories, to test the service with certain customers in the Silicon Valley. The grocery business is set to be upended through Amazon's acquisition of upmarket grocer Whole Foods last month and the online retailer is also...

  • Sept 22- Wal-Mart Stores Inc said on Friday it was testing a service in the Silicon Valley to deliver groceries straight to customers' refrigerators as it looks to gain an edge over Amazon.com. Bentonville, Arkansas- based Wal-Mart said the homeowner would be in control of the entire experience, receiving a notification that the delivery is in progress and could...

  • Ailing retailers could end up going private: Pro

    Mike Thompson, president of SPIAS at S&P Global Market Intelligence, speaks about developments in the retail space.

  • Albertsons' expansion into meal kits, which deliver fresh ingredients and recipes to subscribers, comes less than a month after Amazon.com Inc's entry into the grocery market with its acquisition of Whole Foods Market. Albertsons said Plated meal kits would be offered at its store locations, online, and through a variety of distribution options.

  • Sept 20- General Mills Inc reported a smaller-than-expected quarterly profit, hurt by lower sales of its yogurts and cereals in North America. The sector is expected to come under renewed pressure with the entry of online giant Amazon.com Inc into the brick-and-mortar grocery stores business through its deal to buy Whole Foods Market Inc..

  • LONDON, Sept 19- British online grocer Ocado warned that additional investment in developing its distribution centers would increase short term costs, sending its shares lower. Ocado said it was raising capacity at its third high-tech Customer Fulfilment Centre in Andover, southern England, while also preparing its fourth, and largest center in Erith, on the...

  • LONDON, Sept 19- British online grocer Ocado warned that additional investment in developing its distribution centres would increase short term costs, sending its shares lower. Ocado said it was raising capacity at its third high-tech Customer Fulfilment Centre in Andover, southern England, while also preparing its fourth, and largest centre in Erith, on the...

  • Worldpanel@ LONDON, Sept 19- British supermarket sales increased by 3.6 percent in the 12 weeks to Sept. 10, largely driven by higher inflation and extending a run of above-3-percent growth to six months, industry data showed on Tuesday. Lidl grew the fastest, with an increase of 19.2. percent taking its share to a record high of 5.3 percent, Kantar.

  • LONDON, Sept 19- British supermarket sales increased by 3.6 percent in the 12 weeks to Sept. 10, largely driven by higher inflation and extending a run of above-3-percent growth to six months, industry data showed on Tuesday. Lidl grew the fastest, with an increase of 19.2 percent taking its share to a record high of 5.3 percent, Kantar Worldpanel said, while growth at...

  • Apples are displayed at a Whole Foods store in New York City, August 28, 2017.

    Amazon has made Whole Foods' prices more competitive with rivals Ralphs and Sprouts in the greater Los Angeles area, according to JPMorgan.

  • P&G CEO calls Nelson Peltz's proposals 'very dangerous' in short and long term

    Jim Cramer sat down with Procter & Gamble CEO David Taylor, who shot back at activist investor Nelson Peltz.

  • P&G CEO: Peltz's proposals 'very dangerous'

    Jim Cramer sat down with Procter & Gamble CEO David Taylor, who shot back at activist investor Nelson Peltz.

  • David Taylor, CEO, Procter & Gamble

    Jim Cramer sat down with Procter & Gamble CEO David Taylor, who shot back at activist investor Nelson Peltz.

  • JERUSALEM, Sept 10- The owner and chief executive of Israel's Rami Levy supermarket chain was detained by police on Sunday on suspicion of fraud and breach of trust as part of a broader investigation that is not directly connected with the company. The retail chain is controlled by high-profile businessman Rami Levy, who owns 45 percent. Rami Levy, with a market...