Albertsons investor Cerberus Capital Management has held early talks with bankers about the possibility of bidding to buy Whole Foods Market, according to a Financial Times report. Albertsons' previously reported merger conversation with Sprouts Farmers Market has not progressed, the report said.
Panera Bread has rolled out delivery at 15% of its units and will expand the service to 35% to 40% of the chain by year's end, a move that will create 10,000 new jobs, the company said. Implementing delivery will cost about $25,000 per restaurant and bring in about $250,000 in additional annual revenue, according to Panera's forecasts.
Marsh Supermarkets is expected to close 10 or more stores next month, sources say, and the retailer has reportedly reduced the support staff at its headquarters. Marsh would operate about 55 locations following the May closures, compared with more than 120 in 2006.
New York City Mayor Bill de Blasio has announced plans to roll out free, universal prekindergarten for all 3-year-olds by 2021. Plans call for two school districts to begin piloting the program in 2018.
A team of seventh-graders at a middle school in Virginia has developed a "smart snack," consisting of fruit salad and toasted tortillas. The students created the recipe for the Real Food for Kids expo.
Tyson Foods Inc. will acquire packaged food business AdvancePierre Foods Holdings in a deal valued at $4.2 billion. Tyson also said it is looking to sell its Sara Lee Frozen Bakery, Kettle and Van's units to focus more on its meat- and protein-based categories.
Chris Reed has resigned from the CEO role at the beverage company he founded and will now serve as chief innovation officer. Coca-Cola vet and Reed's Inc. Director Stefan Freeman has been named the company's interim CEO.
Goat is showing up on more US menus as chefs incorporate the versatile protein into dishes ranging from Indian curries to Italian pasta dishes. Braising and roasting are the most popular cooking methods for preparing the meat, but chef Stephanie Izard features raw goat carpaccio at her Chicago restaurant Girl & the Goat.
Because France's Bordeaux region had a wet spring, a dry summer and a warm fall with cool nights last year, its 2016 grapes are predicted to make the best wines in six years. Prices for the 2016 vintage will likely jump 10% compared with last year, a recovery from a price drop after 2011 that resulted from poor harvests.
Changing consumer habits are causing a slowdown in restaurant growth and grocery sales, but updating their operations in a few key areas can help foodservice operators grow even in today's tough market, according to David Portalatin, NPD's vice president and industry analyst for the food sector. Convenience, execution, experience, digital, innovation and flexible occasions are key to winning over today's consumer, he says in this interview.
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