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News
Southern Season Sold at Auction
Calvert Retail, a Delaware company that owns eight kitchenware stores, was the sole bidder in a bankruptcy sale for Southern Season in Chapel Hill, N.C. Calvert came in with a $3.5 million bid, according to an article in The News & Observer. A federal judge approved the sale Friday afternoon and the deal was being expedited to close on Monday. “We are very close to zero cash. We don’t have enough cash to operate next week if this doesn’t close,” John Fioretti, the court approved chief restructuring officer for Southern Season, told the newspaper. According to reports, Calvert Retail owns ... |
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Zak Designs Makes Inc. 5000 List of Fastest Growing Companies
Inc. magazine’s annual list of the 5000 fastest-growing companies in America includes for the second time, Zak Designs of Spokane, Wash. “The Zak Designs family is made up of some of the most talented and hard-working people on the planet, and this honor is a result of their amazing efforts,” said Founder Irv Zakheim. “I’m incredibly proud of this achievement and I’m extremely grateful to all our employees and customers who made it possible.” "The Inc. 5000 list stands out where it really counts,” said Inc. President and Editor-In-Chief Eric Schurenberg. “It honors real achievement by a founder or a ... |
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NuttZo Organizes Voluntour Trip to Peruvian Orphanage
The NuttZo team recently returned from a trip to Cusco, Peru, where they and 10 other women from California, Massachusetts, North Carolina and Pennsylvania volunteered at a local orphanage supported by the company’s non-profit, Project Left Behind. This was the second “voluntour” trip organized by Danielle LiVolsi, NuttZo’s CEO, and her sister Shel Dougherty, NuttZo’s marketing director. The goal of the trip was twofold: volunteer at one of the non-profit’s orphanages and inspire the group members with a number of tours and stops over the course of seven days. “We want to help the small independently funded orphanages that are ... |
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Bevolution Group, a Portfolio Company of Highlander Partners, acquires Dr. Smoothie Brands
CHICAGO, July 29, 2016 /PRNewswire/ -- Highlander Partners' portfolio company, Bevolution Group, a leading provider of cold and hot beverage solutions to the foodservice industry, is excited to announce its acquisition of Dr. Smoothie Brands, enhancing Bevolution Group's offerings in the specialty beverage categories. Dr. Smoothie's on-trend, authentic product portfolio enjoys strong brand equity, serving customers in the coffee house, health club and restaurant segments, among others. The company's line of premium smoothies and beverage powders complements Bevolution Group's already robust selection of shelf-stable and frozen cocktail mixes, juice products, teas, lemonades, sports and energy drinks, slushies, enhanced waters, and ... |
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Forty One Madison Prepares For End of September New York Tabletop Market
(NEW YORK, NY—AUGUST, 2016)—With an earlier-than-usual date of Tuesday, September 27 - Friday, September 30, the fall edition of The New York Tabletop Market is cranking up with a new showroom opening, untold new product introductions, and a swirl of activity as Forty One Madison undergoes its first major renovation in 42 years. Arrived from the U.K. and aggressively growing its presence in the North American market is Typhoon, which has moved into its first-ever U.S. showroom, a 1,200-square-foot location on the 8th floor. For the past 20 years since its founding, this family-owned company has developed a compelling portfolio ... |
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Kettle Cuisine Acquires Del Monaco Foods
LYNN, Mass., Aug. 1, 2016 /PRNewswire/ -- Kettle Cuisine, artisan producer of refrigerated and frozen premium quality, all natural soups, announced today that it has acquired Del Monaco Foods, a privately held custom food manufacturing company based in Morgan Hill, California. Del Monaco Foods is trusted by companies for outsourced, private label, contract manufacturing of soups, sauces and other specialty items since its establishment in 1998. This transaction represents the second acquisition completed by Kettle Cuisine since being acquired by Kainos Capital in August 2015. Kettle Cuisine will lead the industry as the only true coast to coast fresh soup ... |
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Las Vegas Market Sets Summer Attendance Record
LAS VEGAS – (August 11, 2016) – Las Vegas Market announced today that the just-concluded Summer Market registered exponential attendance gains, with overall attendance up 8% over last Summer Market, and gift buyer attendance up 28% specifically. The Summer 2016 edition also showcased the largest-ever number of resources in the Market’s 10-year history, with exhibitor participation topping 3,100 for the first time, including a record 500 temporary exhibits. The Summer Las Vegas Market ran from July 31-August 4, 2016. “Summer Las Vegas Market was epic,” said Bob Maricich, CEO of International Market Centers, “Punctuated by unprecedented attendance, order-writing and new ... |
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Castle Harlan Spearheads Acquisition of Kings Super Markets and Balducci's Food Lover's Markets By KB Holding, Inc.
NEW YORK, Aug. 11, 2016 /PRNewswire/ -- Castle Harlan, the New York private equity investment firm, announced today that it initiated and spearheaded the acquisition of Kings Super Markets and Balducci's Food Lover's Markets, by KB Holding, Inc., a Delaware-based investment firm affiliated with GSSG Capital, a global diversified private holding company with offices located in New York, Europe and the Middle East. Kings and Balducci's were acquired from Angelo, Gordon & Co. and MTN Capital Partners LLC. Terms of the transaction were not disclosed. Castle Harlan identified the potential transaction in a proprietary manner and approached Angelo, Gordon and MTN about ... |
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Schuman Cheese Brands Shine at Competitions
Schuman Cheese, a leading Italian cheese company, continued to showcase its prowess as a cheesemaker with the addition of five new gold medals at cheese competitions in the United States and abroad. Winning entries at the recent International Cheese Awards (ICA) and American Cheese Society (ACS) Judging & Competition spanned products from Schuman’s flagship Cello brand, along with newcomer Yellow Door Creamery and the cheesemaker’s widely acclaimed Gorgonzola. “This was our first showing at the International Cheese Awards, so it was especially gratifying to see our new fontina join our Cello products in generating such positive attention,” said Christophe Megevand, ... |
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Basmati Rice Gains GI Tag Status
The Intellectual Property Appellate Board has directed the Geographical Indications Registry to proceed with the registration of a geographical indication (GI) tag for Basmati rice, adding it to a select group of culinary products such as champagne, specific to the Champagne region of France. After seven years in review, seven north Indian basmati-producing states have obtained this tag. Basmati rice, native to the Himalayan region, is a long grain that offers a completely different culinary experience, due to its aroma, light and fluffy texture and known health benefits. Amira, a producer and exporter of Indian specialty basmati rice, organic rice ... |
