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fool | March 16, 2020
Walmart began the second round of bidding today for Asda, a chain of UK supermarkets owned by the U.S.-based retail titan, according to company sources. Three private equity firms are currently in the running to make bids on the brand. These include TDR Capital, Lone Star Funds, and Apollo Global Management, Inc., all three of which participated in the first round of bidding when Adsa first went on the block. Asda controls approximately 15% of the British grocery market. Yet investors are also e...
pymnts | March 17, 2020
As staffers need time away from work to tend to their children, or they become ill, supermarket companies are speeding up hiring to have workers able to fulfill eCommerce orders or operate stores. The leaders of big chains had a call with the White House on Sunday in which they asked President Donald Trump to tell U.S. consumers to refrain from stockpiling merchandise and noted they were committed to remaining in operation, The Dallas Morning News reported. Chief executives for Tom Thumb/Alberts...
supermarketnews | January 29, 2020
As consumer acceptance of CBD and plant-based alternatives continues to swell, retailers are enthusiastically embracing both of these relatively recent categories, according to a report from IRI that was presented at the FMI Midwinter Conference. During the presentation, “From CBD to Alternative Proteins: What do emerging consumer trends mean for the grocery industry?”, Larry Levin, EVP, Market & Shopper Intelligence, IRI, and Tim Grzebinski, principal, Client Insights, IRI, outl...
Domtar Corporation | February 19, 2020
Domtar Corporation UFS has entered into an asset-purchase agreement with Appvion Operations, Inc. to acquire its Point of Sale (POS) paper business. Notably, the agreement includes the coater and related equipment located exclusively in the West Carrollton, OH facility and a license for all corresponding intellectual property. The deal is likely to close in the second quarter this year. Domtar's world-class paper-making capabilities, together with the West Carrollton coater's substantial...
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