Food retailers have little time to keep on top of business intelligence. The Food Institute allows its retailer members to have more time taking care of the business by offering brief, concise and timely reports on the trends and developments they need to know about.
Kroger Co. will open its first store in downtown Cincinnati in 50 years. Spanning 52,000-sq. ft. on two floors, the urban store will feature a food hall and possibly a bar on the second floor. The food hall will seat 100 and have five vendor spaces, reported Cincinnati Business Courier. Full Story
The expansion at Publix's Lakeland, FL, headquarters will increase by 30,000-sq. ft. The company plans to spend $65 million for what will now be an 220,000-sq. ft. building expected to open in 2020, reported The Ledger. Full Story
UK grocer Waitrose is looking to expand its online business to $1.3 billion annually following the end of its partnership with Ocado, by partnering with Today Development Partners (TDP). TDP will help Waitrose develop technology for three new automated distribution centers. Waitrose will have a small stake in the new technology business, which could work for other retailers in the future, reported The Guardian. Full Story
Ruby Has, an e-commerce fulfillment company, opened a European sales office in Milan, Italy. The office will be used to service European direct-to-consumer brands that sell products in the U.S. Full Story
Natural Grocers will relocate a store in Austin, TX. Full Storyread more
Upper Saddle River, NJ (April 3, 2019) - The Food Institute tallied 527 food industry mergers and acquisitions in 2018, down almost 11% from 2017’s record year, according to its annual Food Business Mergers & Acquisitions report. Manufacturers, investment firms and retailers were once again the largest segments, taking part in more than half of the deals for the...
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