Earlier expectations that Dollar Tree Inc. would only need to divest 300 stores to gain FTC approval for its merger with Family Dollar Stores Inc. may have proven wrong, and the Federal Trade Commission is now reviewing more than 500 stores, reported Reuters. The agency may also return and review additional stores in the future, according to Dollar Tree.
Should the deal be approved Dollar Tree would likely become the largest discount retailer in the U.S., surpassing rival Dollar General Corp. The merger would give Dollar General about 13,000 stores across the U.S. and Canada before divestitures and more than $18 billion in annual sales. Dollar General has about 11,500 stores.
The Kroger Co. and UK-based Ocado signed an exclusive partnership agreement, bringing the Ocado Smart Platform to the U.S. for the first time. As part of the agreement, Kroger will increase its existing investment in Ocado by 5%. Ocado will partner exclusively with...read more
Business is never easy, and those undertaking the rigors of bankruptcy proceedings know this struggle all too well. Here at the Food Institute, we currently have our eyes trained on four food industry bankruptcies.read more
With a background in both daily and weekly publications, Bryan has worked as a journalist since freelancing for his hometown paper in high school. He has since written both in print and online for min, The Times of Trenton and North Jersey Media Group, holding positions from stringer to editor. With a background as a news reporter, he has learned to seek out the focus behind the story, digging for the most important information.
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