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.
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.
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.
Grocery delivery service Instacart is speeding up its growth in the US after raising $400 million in funding, with the goal of being available to 80% of US households by next year. Instacart will need to hire 1,000 more people to shop and make deliveries, as the company expands into four new markets this week, bringing its presence to 45 total US markets, according to Vice President of Product Elliot Shmukler.
China has begun exporting wine to the UK, with supermarkets such as Tesco and Sainsbury's beginning to sell wine from century-old winemaker Chateau Changyu. China could become a major power in the wine market, Tesco master of wine James Davis predicts.
Old Monongahela, a nearly extinct rye whiskey from Pennsylvania and Maryland that originated in the 18th century, is being brought back to life by distillers such as Leopold Bros. and Wigle Whiskey. Historically made in the Monongahela River area, the rye was known to be spicier and chewier than others, and its distillers used sweet mash and distilling methods different from those in the West,
Four bills that would move Pennsylvania toward privatizing its liquor system will likely go to a final House vote today. Proposals include a "Free the Wine" bill, which would let grocery stores apply to sell wine without a seating requirement and allow some retailers to buy wine from wholesalers and wineries rather than from the Liquor Control Board.
Food-makers looking to source imperfect produce can turn to startup Full Harvest, which supplies fruits and vegetables that otherwise would have gone to waste, says founder and CEO Christine Moseley. The company, which has raised $2 million from investors, sources produce from farms in California, Mexico and Washington.
Some restaurants, chefs and food-makers are getting innovative in tackling the problem of food waste in the US. Chef Gunnar Gislason sources vegetable powder from Baldor Specialty Foods, which makes the product from scraps of 20 different vegetables that in the past would have gone to the landfill.
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