Family Dollar
Family Dollar officials ousted president and COO Michael Bloom following disappointing financial results. The company’s comparable sales dropped by 2.8 percent during the first quarter, which ended Nov. 30, […]
Read MoreWal-Mart Continues Canadian Expansion
Wal-Mart Stores, Inc. is planning to invest more than $450 million into its Canadian operations during the next year. This investment is part of the company’s push into Canada’s grocery […]
Read MoreWhole Foods Market Acquires Handful of Dominick’s Locations
Whole Foods Market officials announced the acquisition of leases form Safeway for seven Dominick’s stores. Terms of the agreement were not made available to the public. This move will bolster […]
Read MorePro’s Ranch Markets Acquired by Northgate and Cardenas
Two retailers with roots in Southern California have partnered to acquire Pro’s Ranch Markets out of bankruptcy. Northgate Gonzalez market and Cardenas Markets formed Cardenas Northgate Group Ranch to acquire […]
Read MoreDollar General Offers $9.7 Billion Counterbid for Family Dollar
Dollar General presented a $9.7 billion counterbid for Family Dollar after the latter agreed to an $8.5 billion buyout by Dollar Tree last month. The proposed deal is expected to […]
Read MoreArthur T. Demoulas returns after leaders reach binding agreement
Following weeks of tumultuous protests and the firing of a handful of high-ranking officers, Market Basket and its shareholders entered a binding agreement. Under terms of the agreement, ousted CEO […]
Read MoreCohen Reclaims Control Following Verdi’s Departure
Less than one year after his appointment as president of C&S Wholesale Grocers, Mark Verdi is stepping down from his role. Rick Cohen, C&S’s CEO and chairman, announced he will […]
Read MoreBi-Lo Holdings Names New President and CEO
Ian McLeod has been named president and CEO of Bi-Lo Holdings, effective March 2. McLeod replaces Randall Onstead, who recently stepped down from his role. McLeod led a successful turnaround […]
Read MoreJM Smucker Purchases Big Heart Pet Brands for $5.8B
JM Smucker Co. officials announced the company would purchase the privately held Big Heart Pet Brands, manufacturer of pet foods. The cash and stock deal between JM Smucker and Big […]
Read MoreHeinz & Kraft merge, forming 5th largest company globally
The H.J. Heinz and Kraft Foods Group have merged into one of the food and beverage industry’s largest companies across the globe. This move is intended to give the married […]
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