Rob Woseth promoted to CFO at Supervalu
Effective Feb. 25, Rob Woseth will take on the responsibilities of evp and CFO, Supervalu announced. Woseth, who has held the position of evp, Chief Strategy Officer with the company […]
Read MoreCheerio Blue Buffalo!
General Mills, the company behind Cheerios and Betty Crocker, announced on Friday Feb. 23, they will acquire Blue Buffalo Pet Products for $40 per share in cash, bringing the value […]
Read MoreAmazon may open six more Go stores in 2018
After debuting its cashier-less store in Seattle on Jan. 22 and offering customers a shopping experience which allows them to grab what they need and ‘just walk out’, Bloomberg reported […]
Read MoreTops Markets files for Chapter 11 Bankruptcy, Bi-Lo to follow?
On Wednesday Tops Markets filed for bankruptcy protection in a bid to restructure its balance sheet. The regional grocery store announced that stores will remain open and not be impacted […]
Read MorePrime Members get 5% back at Whole Foods with the Amazon Visa Card
In a bid to encourage shoppers at Whole Foods Market, Amazon announced that Amazon Rewards Visa card members who are also Prime members will get a 5 percent cashback when […]
Read MoreAlberstons and Rite Aid announce merger
On Feb. 20, Albertsons Companies (Albertsons) and Rite Aid Corporation (Rite Aid) announced a definitive merger agreement. The transaction is expected to generate revenues of $83 billion and create incremental […]
Read MoreH-E-B acquires food-delivery company
On Feb. 15, Texas-based grocery giant H-E-B announced it had purchased Favor Delivery, an on-demand delivery service headquartered in Austin. Favor Delivery, that distributes restaurant meals and groceries via a […]
Read MoreWalmart challenges Amazon Prime with Sam’s Club Plus
On Feb. 14 Walmart announced a direct challenge to Amazon’s Prime. The company’s unit Sam’s Club will now offer free shipping on almost any item to shoppers who pay $100 […]
Read MoreRachel Brand, Sarah Friar join Walmart
On Feb. 9 Walmart announced Rachel Brand would join the company as evp for Global Governance and Corporate Secretary. Brand will report directly to President and CEO Doug McMillon and […]
Read MoreInstacart raises $200 million with a $4.2 billion valuation
Grocery delivery service Instacart, announced Feb. 11 it had raised $200 million in fresh funding at a new valuation of $4.2 billion. The investment and valuation boost come at the […]
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