Just about everybody thinks IT ought to merit major investment but many fewer CPG exec believe their companies are putting their money where their mouth is, according to a research report issued yesterday by the Grocery Manufacturers Association.
Albertson's Inc., one of the world's largest food and drug retailers, on Tuesday reported second-quarter earnings that exceeded both company guidance and First Call consensus estimates. Sales in the quarter totaled almost $9.6 billion.
Kraft Foods Inc. (NYSE: KFT - news), a global leader in branded foods and beverages, today announcedthat it has purchased the It's Pasta Anytime! convenient meal business and certain assets from Borden Foods Corporation.
McCain Foods Limited will acquire the production facilities and food service business of Anchor Food Products Inc. in a three-party transaction. H.J. Heinz Company will purchase the company's branded products sold to retail outlets, including supermarkets and club stores.
Bread & Circus Whole Foods Market, the world's largest natural and organic foods supermarket, will open its third store in Cambridge on Aug. 22. Located at 340 River Street (just off Memorial Drive), the state-of-the-art natural foods supermarket is the company's largest in Massachusetts.
Longs Drug Stores Corporation (NYSE: LDG - news) today announced that it is exercising an option to purchase the interest of Albertson's Inc. (NYSE: ABS - news) in its joint venture, RxAmerica.
Sara Lee Corporation announced on Tuesday that it has completed its acquisition of The Earthgrains Company, the number-two player in the fresh bread category.
Mott's Inc., a wholly-owned subsidiary of London-based Cadbury Schweppes plc, announced on Tuesday it had agreed to acquire the ReaLemon and ReaLime brands and related assets from Eagle Family Foods Inc. for $128 million.
Nash Finch Company on Monday announced its completed acquisition of U Save Foods Inc. through a purchase of U Save's capital stock. Headquartered in Omaha, Neb., U Save Foods was a privately-held company with 14 supermarkets operating in Nebraska, Kansas and Colorado.
PepsiCo today announced several organization changes designed to help the company gain the full benefit of its recently completed merger with The Quaker Oats Company.
The fourth annual Progressive Grocer ProGro and Cannondale Associates PowerRanking Awards banquet, celebrating the "best of the best" in retailing and manufacturing, is scheduled for Nov. 1 at the Intercontinental Hotel in Chicago.
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