Washington, D.C. — Rep. David Cillicine (D-R.I.), the top Democrat on the House subcommittee on regulatory reform, commercial and antitrust law wrote a letter to the House Judiciary Committee and the subcommittee chairman requesting an oversight hearing on Amazon’s $13.7 billion acquisition of Whole Foods Market. Cillicine voiced concern about...
Austin, TX -- A Whole Foods Market shareholder is seeking to block the $13.7 billion acquisition by Amazon through a federal lawsuit filed Thursday claiming the deal undervalues the grocer and did not disclose key information, reports 512tech.com Shareholder Robert Riegel filed the lawsuit in U.S. District Court for the...
Camden, N.J. — As consumers continue to migrate to more natural products, Campbell Soup Co. has agreed to buy organic manufacturer Pacific Foods for $700 million, the company announced on Thursday. Pacific, which is based in Tualatin, OR, had $218 million in sales over the past year. Campbell has posted...
One of the world’s leading online retailers, Amazon can now expand their reach with its purchase of Whole Foods Market for $13.7 billion. Many now wonder if this will possibly speed up a merging of the grocery and e-commerce industry. Amazon already has some experience in electronic grocery. AmazonFresh delivers...
Paris, France — Danone has entered a binding agreement to sell its U.S. dairy business Stonyfield to Lactalis for $875 million. The company was required to sell New Hampshire-based Stonyfield as part of the U.S. Justice Department’s approval of its $10 billion purchase of foods giant WhiteWave. Stonyfield generated about...
LAKE SUCCESS, N.Y. —The Hain Celestial Group, Inc. (Nasdaq: HAIN), today announced the purchase of The Better Bean Co. Portland, Ore.-based Better Bean was founded in 2010 by the father and daughter team of Keith and Hannah Kullberg, to make eating beans easy, tasty and healthy. Better Bean will augment Hain Celestial’s...
Dallas, TX – Dean Foods Co., a food and beverage company that specializes in dairy and soy products, announced on Thursday it has acquired Uncle Matt’s Organic, an orange juice company. According to Dean Foods, the acquisition, for an undisclosed sum, will expand the company’s non-dairy assortment and emphasize the...
Arteasans Beverages, based in New York City, NY, announced that it will be increasing their current distribution in the Mid-Atlantic and Northeast regions by partnering with distributors BCS International Corp., and Hana Food Distributors, Inc. Artesean will benefit from BCS and Hana Food’s combined 1,500 retailer clientele base, as well...
Philadelphia, PA – The city’s controversial 1.5-cent-per ounce sugar-sweetened soda tax on beverage distributors was upheld on Wednesday by a Pennsylvania appeals court. The American Beverage Association, Philadelphia residents and business owners had filed suit last fall challenging the tax, saying it represented illegal double taxation. The tax was put...
Boston, MA — Biena Snacks announces a group of new influential investors joining their team. Some notable members include: Darren Rovell from ESPN, Jesse Itzler co-founder of Marquis Jets, and the founder of Spanx Sara Blakely. Some additional investors are Blueberry Ventures, Centerman Capital and New Ground Ventures. "The momentum for...
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