Albertsons looks to keep lower-income shoppers from defecting to discounters
“Our biggest leakage is to the big players — to Walmart, Amazon and to some degree Aldi,” CEO Susan Morris said during an earnings call.
Corporate news
Fresh headlines across food, beverage, personal-care, home-care, retail and FMCG services, updated automatically and linked to the original publishers.
The Friday Checkout: Is Albertsons ripe for a potential suitor?
The grocer’s stock price hit an all-time low this week after it reported weak quarterly results and announced a drive to improve its performance.
Ross accelerates brick-and-mortar expansion with nearly 50 new locations
The discount retailer is on track to open around 110 stores this year.
The View From The Ground: Revenue Growth Masks Falling Fresh Produce Tonnage
The fresh-produce sector presents a complex environment where revenue growth masks a significant decline in overall tonnage.
Lactalis poised to acquire PDO cheese specialist Triballat
Lactalis is poised to strike another acquisition, this time on its own turf in France, as the dairy giant enters talks with Triballat. The post Lactalis poised to acquire PDO…
Ferrero invests in capacity in Mexico
Ferrero is investing $86m in a manufacturing plant in Mexico to expand capacity and increase the exports from the site. The post Ferrero invests in capacity in Mexico appeared…
NIO Cocktails bets on UK under new owner
NIO Cocktails is under new ownership following the closure of Diageo’s Distill Ventures and a subsequent restructuring of the business The post NIO Cocktails bets on UK under new…
Sláinte whiskey eyes Ireland launch and RTDs
Backed by American actor Liev Schreiber, Sláinte Irish Whiskey has US expansion and more markets in sight, including Ireland The post Sláinte whiskey eyes Ireland launch and RTDs…
Diageo India reports 51.6% profit increase in Q1
United Spirits was propelled by double-digit growth in the Prestige & Above segment in its unaudited first-quarter results The post Diageo India reports 51.6% profit increase in…
McCormick announces listing on London stock exchange
Herbs and spices giant McCormick has announced a secondary listing for the company in London, following its merger with Unilever’s Foods business. This move, which is expected by…
Mondelez VC fund joins Final Boss Sour investment round
Mondelez International’s corporate venture arm has made an investment in Los Angeles-based snack brand Final Boss Sour. The post Mondelez VC fund joins Final Boss Sour investment…
Amazon Rolls Out 30-Minute Delivery Service In Manchester
Amazon has expanded its Amazon Now service to the first city outside of London as its builds on its £40-billion investment in the UK.