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Unilever, Hormel Foods Skippy Deal
Unilever has made a definitive deal with Hormel Foods Corp. to sell its Skippy brand for approximately $700 million. The agreement includes manufacturing facilities for Skippy in Weifang, China and Little Rock, Arkansas. The Skippy peanut butter brand was first introduced in 1932 and was the first in fast growing natural peanut butter brands. In…
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Ahold Posts Positive Q4 Sales
Ahold has realized 7.8 billion euros in consolidated net sales, which is approximately $10.4 billion for its fourth quarter last year. This is a 7.5% increase compared to the same period in 2011 and a 5.1% increase when steady exchange rates are considered. The international conglomerate had posted consolidated sales (net) of 32.8 billion euros…
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H-E-B Showcases Unique Finds
H-E-B has a launched Primo Picks, a shelf-tag program showcasing unique beverages and foods. According to H-E-B in a statement on the retailer’s website, they have searched the world for a selection of one-of-a-kind items to be Primo Picks, products that are cool, tasty and unique that people may not have tried before or even…
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Associated Grocers Inc.
Baton Rouge, LA based Associated Grocers Inc. traces its roots to 1950 when it offered independent groceries the retail services they needed. It operated in Oregon, Washington, Hawaii, Guam and Alaska. The company is a retailer’s cooperative distributing merchandise and groceries to about 300 members. The company gives retailers the services, products and tools they…
Filed under: Stores -
Fitch Confirms SuperValu Risky Rating
Fitch Ratings has confirmed the default ratings given for SuperValu as ‘CCC’ even with some divestitures announced last week that seemed to reduce the retailer’s exposure to many competitive pressures. These were counteracted, however, by deteriorating environment and high debt leverage in its businesses. The ‘CCC’ default rating given implies very high risk. Cerberus Capital…
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Groups’ Petition to Wal-Mart on Assault Weapons
A lengthy history of random shootings and recent school shootings has raised public fury and ensured that the gun debate is not about to go away very soon in the U.S. Gun groups are predicting that attempts through Congress to ban sale of assault weapons will fail. The debate and petitions continue. Wal-Mart is set…
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Amber Pharmacy
A member-owner of TopCo, Amber Pharmacy offers specialized pharmacy solutions through its distribution facilities in Chicago, Philadelphia, Dallas and Omaha. The business, though operating as Amber Pharmacy, is in fact called Amber Enterprises Inc. and is owned by the Kaplan family. The Omaha, Nebraska-based company was established in 1989 and presently has pharmacies in Chicago,…
Filed under: Manufacturers -
Associated Food Stores
Supplying about 500 independently owned retail supermarkets, Associated Food Stores is a cooperative of American retailers. Associated Food Stores was founded in 1940 by then Utah Retail Grocers Association President Donald P. Lloyd, along with 34 Utah retailers. He felt that larger corporate stores would have a negative impact on smaller independent retailers and saw…
