Lucky CharmsFood nostalgia took over readers this week with news about the first new Lucky Charms marshmallow shape in 10 years being the most-read story of the week. Magical unicorn has become the first new shape in 10 years to gain a permanent spot in the Lucky Charms marshmallow lineup, and the shape was picked by popular vote and is a permanent addition to the cereal, replacing the hourglass shape.
In other popular CPG news this week, TreeHouse Foods is undergoing a strategic review of its snacks unit, which includes right-sizing the distribution network and placing a stronger focus on large-scale strategic customers, said CEO Sam Reed. And news about net sales of J.M. Smucker’s Uncrustables line being on track to hit $250 million this year, as well as the retirement of Kellogg North America’s President Paul Norman, effective April 1, also made the list.
In food retail, the big news was Albertsons announcing that it will acquire a majority of the Rite-Aid drugstore chain in a cash-and-stock deal, adding crucial scale to the grocer’s pharmacy operations, according to Bob Miller, Albertsons chief executive. Walgreens is already in the process of acquiring about 2,000 Rite-Aid stores, while pharmacies in Albertsons locations will move to the Rite-Aid brand.
Read the full list of this week’s 10 most-clicked food and beverage stories below:
- General Mills unveils first new Lucky Charms marshmallow shape in 10 years
- Campbell Soup feels the pinch in Walmart dispute
- TreeHouse Foods places snacks unit under strategic review
- President of Kellogg North America to retire
- Albertsons will acquire most Rite Aid drugstores
- J.M. Smucker sees Uncrustables sales soar
- Presley named CEO of Nestle USA
- Shake Shack aims to grow to 320 units by 2020
- Conagra to roll out a host of new frozen items, including breakfast Power Bowls
- Sources: Bi-Lo, Tops gear up for possible bankruptcy filings
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