Foodservice operators and distributors need to have facts at their fingertips every day to compete in a crowded marketplace where business requires knowing consumer trends as well how much that will cost. Foodservice members of the Food Institute will be able to:
Blackwells Capital LLC is pushing Supervalu to make several moves to increase shareholder value, after nominating six candidates to the company's board. Among its suggestions were a sale or spin-off of the retail segment, transforming Supervalu into a pure-play wholesale business, or a sale or merger of Supervalu's wholesale business. Full Story
Easter spending is expected to total $18.2 billion in 2018, with $5.7 billion of that being spent on food, according to data from the National Retail Federation and Prosper Insights & Analytics. This year's spending is slightly less than the $18.4 billion spent in 2017, but the second-highest level on record. Full Story
Food trucks generated an estimated $2.7 billion in revenue in 2017, up from $650 million in 2014, according to a study of industry regulations released by the U.S. Chamber of Commerce Foundation. The study found the "most friendly" cities for food trucks are Portland, OR, Denver, CO, Orlando, FL, Philadelphia, PA, and Indianapolis, IN, while the "most challenging" are Boston, MA, Washington, DC, San Francisco, CA, Minneapolis, MN, and Seattle, WA, reported PBS. Full Story
Panera Bread's refrigerated soups exceeded $100 million in retail sales in 2017, growing nearly 27% for the year. The company attributes the growth to its commitment to 100% clean food. Its broccoli cheddar soup is the top seller across its restaurants and grocery retailers, reported St. Louis Business Journal. Full Story
Sales of mushrooms jumped 9.7% in January 2018 when compared to the same period the previous year, according to the American Mushroom Institute. The institute notes mushroom producers are working to increase yields but supply cannot currently meet demand due to "The Blend" initiative to combine mushrooms with meat for burgers and other dishes, reported The Packer. Full Story
An investor lawsuit against Chipotle Mexican Grill Inc. was dismissed. The lawsuit claimed the company concealed food safety risks, causing its stock to drop after outbreaks of foodborne illnesses in 2014 and 2015. The judge ruled that while the outbreaks were cause for concern, the lawsuit failed to support its claim that Chipotle defrauded investors, reported Reuters. Full Story
Upper Saddle River, NJ - Food industry M&A hit a record total in 2017, reaching its highest point in over 15 years, according to The Food Institute’s recently released Food Business Mergers & Acquisitions 2017 report. Total deals for the year climbed to 591, moving well past 2016's high of 505 deals, but still remaining under 1999's record 813 deals.
Many customers and suppliers of Whole Foods Market have been voicing their concerns about the company since its acquisition by Amazon. There has been worry that some of the new policies implemented by the chain will hurt their sales or impact the shopping experience.read more
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