Kroger will buy Home Chef, the top private meal-kit company in annual sales, for at least $200 million plus business incentives, the company announced. Home Chef would become a subsidiary that offers its meal kits in the Kroger's stores.
The proposed merger of Albertsons and Rite-Aid will create a company with the size to compete and important avenues in which to grow, such as pharmacy expansion, click-and-collect and home delivery, company executives said. "We will be a unique combination of grocery and pharmacy that will be well-positioned to deliver a differentiated experience," Rite Aid Chairman and CEO John Standley told analysts last week.
Chipotle Mexican Grill will move its headquarters to Newport Beach, Calif., and close its offices in Denver and New York City, the company said Wednesday. The Southern California area is home to headquarters for several chains, including Taco Bell, where Chipotle CEO Brian Niccol previously served as chief executive.
Subway makes domestic closing and relocation decisions on a case-by-case basis and it's focusing major expansion efforts in markets such as China where it sees pent-up demand, said James Walker, the brand's vice president of development. The chain will also focus growth efforts on Europe, South Korea, India and Saudi Arabia, he said.
Second-generation Mister Softee driver Heli Vasquez has been selling soft-serve ice cream around New York City for more than three decades. Vasquez is among about 200 drivers who work seven days a week from March to October to feed demand for the iconic hot-weather treat.
Students at a junior high school in Louisiana recently celebrated their school nutrition professionals for helping to increase participation in the school's breakfast program. The school increased its breakfast participation by 46% and received the state's top award in the "No Kid Hungry" Breakfast Challenge.
Ferrara Candy and parent company The Ferrero Group are working to update several of the brands acquired from Nestle USA earlier this year, beginning with Butterfinger. The revamped confection will debut by early next year, featuring updated ingredients, new packaging and the biggest marketing push in the brand's history, said Ferrara CEO Todd Siwak.
Nestle is merging its two research and development units to expedite bringing new products to market. The Nestle Institute of Health Sciences and Nestle Research Center will combine as of July 1 and will be known as Nestle Research.
PepsiCo North America Nutrition has forged a partnership with food and beverage incubator The Hatchery Chicago to help bring more quality products to consumers. "I'm really excited about what we're doing to make sure trusted nutrition choices are always within reach," said Seth Kaufman, president of PepsiCo North America Nutrition.
Join us for FOODBIZ+ Specialty Foods with Ron Tanner, vice president of philanthropy, government and industry relations for the Specialty Food Association, owner of the Fancy Food Shows and the publisher of Specialty Food Magazine, and FBS' host, as they sit down to discuss the latest trends in the specialty food product space and what sets a new product apart from others, giving a greater opportunity for success in the marketplace on Thursday, May 31 at 11 a.m. PT/2 p.m. ET. Register for this free, online event here!
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