Food Trade News
It appears that ShopRite will be increasing its B-W presence in a major way after reviewing the results of the recent auction for 25 Super Fresh stores.
Flowers Foods has tentatively agreed to acquire beleaguered Tasty Baking Company, which had until June 30 to refinance its $100 million bank debt or find a buyer for the 97 year old company.
Wal-Mart’s moment of reckoning at the U.S. Supreme Court has begun as the highest court in the nation has begun hearing arguments from both the retailer and attorneys representing the plaintiffs as to whether the potential multi-billion suit against Wal-Mart should be upheld as class action litigation.
Giant/Landover may be looking to close its dry grocery warehouse in Jessup and shift that business to a C&S Wholesale Grocers’ distribution center in York, PA.
A&P has asked the bankruptcy court to allow it to close 32 under performing stores as it unveils its new management team and reports loss of $27.4 million in latest four week period.
A&P has identified 32 stores it has sought permission from the bankruptcy court to close. Additionally, the retailer named a new executive team.