Atlanta, GA – With overall soda sales at a 31-year low, Coca-Cola Co. will buy coffee chain Costa Coffee from the UK hospitality company Whitbread for $5.1 billion, giving it a strong coffee platform across parts of Europe, Asia Pacific, the Middle East and Africa, with opportunity to grow. Costa...
Westminster, CO — TraceGains, a compliance software solution providing information exchange across the supply chain for food, beverage, and CPG companies, has acquired Healthnotes, which offers a regulatory and consumer education solution for dietary supplement retailers and manufacturers. Arizona Nutritional Supplements, Nature’s Way and NOW are among the clients using...
Los Angeles, CA — Cannabis Strategic Ventures, Inc., gains distribution for its vitamin and hemp-derived CBD formulations through the acquisition of Fitamins CBD, which serves a network of 600+ wholesalers catering to the Asian-American market. CSV announced the signing of a definitive agreement to acquire the brand. “We have selected...
Skillman, NJ – The purchase of Zarbee’s Inc by Johnson & Johnson Consumer is just the latest instance of large consumer packaged goods companies getting ready to serve the consumer of tomorrow by purchasing companies that already appeal to them. “With its naturals positioning, a millennial target demographic and a...
United Natural Foods Inc. (UNFI) and Supervalu Inc. announced they have entered into a definitive agreement under which UNFI will acquire Supervalu for $32.50 per share in cash, or approximately $2.9 billion, including the assumption of outstanding debt and liabilities. “This transaction accelerates UNFI’s ‘Build out the Store’ growth strategy...
Los Angeles, CA — Marc Washington, the newly minted CEO of Irwin Naturals, took a break from a sales summit in Park City, UT, to discuss his plans for the family-owned business he came onboard to propel into the future. An Ivy League-educated executive with deep operational, finance and business...
At an earnings call on Monday, Albertsons reported a $17.7 million net loss which, compared to last year’s $204.9 million loss for the same period, is a major improvement. According to Food Dive, Albertsons’ net sales are up 1% to $18.7 million. Same-store sales are up .2% and expected to...
Seattle — Drugstore industry stocks took a hit on Thursday with the announcement Amazon is buying online pharmacy PillPack, which delivers pre-sorted doses of medication in 49 states, for $1 billion. “PillPack’s visionary team has a combination of deep pharmacy experience and a focus on technology,” said Jeff Wilke,...
Minneapolis — In its largest investment to date, 301 Inc., the venture business of General Mills, has become the lead investor in a $12 million round raised by Boulder, CO-based GoodBelly Probiotics. As outlined in the Star Tribune, 301 will help GoodBelly grow its national sales and innovation efforts. General Mills...
A year ago this week, the retail world changed forever when Whole Foods Market CEO John Mackey announced ecommerce behemoth Amazon.com was buying the struggling natural products giant. Here's a report card. Next month, Amazon will reach its first anniversary owning Whole Foods Market. How’s it doing so far? As...
