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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
Conagra Brands Inc. will continue to look for acquisitions and sell off lower-margin brands with little growth potential, according to the company's CEO. In addition, it may raise prices to reflect higher costs, as keeping prices flat while costs rise would cut into product development investments that grocery stores want Conagra to make, reported The Wall Street Journal. Full Story (WSJ Subscription Required)
Sources claim Target and Kroger are discussing a possible merger, reported Fast Company. Meanwhile, CNBC reported the companies were not in merger talks, but met regarding a Shipt partnership, according to people familiar with the matter.
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
The Trump Administration invited trade officials to develop a list of tariffs on Chinese products. The yet-to-be specified tariffs are designed to address what the administration believes are unfair Chinese trade practices. 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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