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Emerald Expositions to Acquire GLM, Owner of NY NOW
Emerald Expositions has agreed to acquire George Little Management (GLM) from Providence Equity Partners for $335 million, subject to certain adjustments at and after closing.GLM creates face-to-face buying, selling and networking platforms for designers, product developers, manufacturers, retailers and operators through more than 20 leading trade shows, including NY NOW. GLM also produces four of the largest 100 trade shows in the country.The transaction is anticipated to close this month subject to customary regulatory approvals. The acquisition will be funded with approximately $200 million of debt and a $140 million equity investment from Onex Partners III. Emerald was acquired by ... |
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Plum Organics Founder to Keynote Winter Fancy Food Show
Neil Grimmer, co-founder and president of Plum Organics, a fast-growing producer of organic foods for babies, toddlers and children, will be the keynote speaker at the Winter Fancy Food Show in San Francisco. Grimmer will talk about how his passion to ensure healthy eating “from high chair to the lunch box” has helped Plum skyrocket from startup to a $93-million brand in just six years. “Plum is a premier example of how specialty food companies can embrace social initiatives without sacrificing business success. We are delighted Grimmer will be sharing his insights,” said Ann Daw, president of the Specialty Food ... |
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Askinosie to Take 'Chocolate University' Students to Tanzania
Askinosie Chocolate, in partnership with Drury University, selected 13 Springfield, Mo., high school students for its upcoming Chocolate University program. The students, along with Shawn Askinosie, founder and CEO of Askinosie Chocolate, will travel to Tanzania, where Askinosie Chocolate sources a portion of its cocoa beans, in August. Through its Chocolate University program, Askinosie Chocolate has developed a relationship with the Mwaya Secondary School in the Kyela district of Tanzania over the past four years. During the trip, the Chocolate University students will participate in the cocoa business firsthand by meeting with the farmers and aiding with community development projects ... |
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Robert Coviello, HTI Founder, Dies of Cancer
Robert Frank Coviello, founder and owner of HTI Buying Group based in Rochester, N.H., died on Nov. 11 after an 11-month battle with pancreatic cancer. According to his obituary in the Foster’s Daily Democrat, Coviello founded HTI Buying Group in 1998, offering independent kitchenware and tabletop specialty retailers the opportunity to buy products and programs from member vendors on a corporate discount plan. He was also a co-founder and partner of the former Gallery of Gifts and Kitchen Etc. He received numerous awards and accolades over his more-than-40-year career in the retail and housewares industries, and was well-respected within the ... |
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Nebraska Baking Businesses Team Up for Internet Sales
White Thumb Bakers Guild is a new enterprise that brings together four southwest Nebraska bakery-focused businesses that have begun marketing freshly baked products over the Internet at WhiteThumbBakers.com. The four home-owned businesses in the White Thumb Bakers Guild are Wauneta Roller Mills of Wauneta, Sehnert’s Bakery of McCook, Prairie Harvest of Trenton, and HomeSpun of McCook. White Thumb Bakers Guild offers a number of assorted packages at three price ranges. Within each price range, there are four different product assortments, providing customers the opportunity to try a number of different White Thumb Bakers Guild products in varying quantities. The new ... |
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Wagshal’s Newest Location Fully Operational
One of Washington’s most anticipated openings of 2013 was that of the 88-year-old family-run artisanal specialty market and delicatessen, Wagshal’s. After a soft opening this summer, the newest addition to the Wagshal’s Family of Fine Foods is now fully operational. Known for years as the presidents’ deli and for serving the who’s who of Washington its award-winning brisket sandwich, Wagshal’s new 4,000-square-foot eatery filled an empty space once occupied by the upscale grocer Balducci’s. Proprietor Bill Fuchs sited the store in the Washington neighborhood locally referred to as Wesley Heights, which is home to American University. For years, Fuchs was courted to ... |
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Gluten-Free Named Hot Trend for Gourmet Holiday Gifts
The three hottest holiday product categories continue to be perennial favorites – chocolate, baked goods and alcohol beverages – however, this year a fourth newcomer is added to the list, gluten-free foods, according to a recent survey by the Specialty Food Association.Responses from 250 specialty food producers and retailers revealed chocolate is by far the most popular gift choice (42 percent), followed by baked goods (36 percent), alcohol beverages (25 percent) and gluten-free products (20 percent). America’s appetite for specialty foods hit a record high last year, with consumers spending $86 billion on everything from artisanal chocolates and cheese to oils ... |
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Radiant Orchid Selected as Pantone 2014 Color of the Year
Radiant Orchid, Pantone 18-3224, has been named 2014’s color of the year for its “captivating, magical and enigmatic” properties.“While the 2013 color of the year, Pantone 17-5641 Emerald, served as a symbol of growth, renewal and prosperity, Radiant Orchid reaches across the color wheel to intrigue the eye and spark the imagination,” said Leatrice Eiseman, executive director of the Pantone Color Institute. “An invitation to innovation, Radiant Orchid encourages expanded creativity and originality, which is increasingly valued in today’s society. An enchanting harmony of fuchsia, purple and pink undertones, Radiant Orchid inspires confidence and emanates great joy, love and health. ... |
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Lake Champlain Chocolates Partners With Local Purveyors for Unique Caramels
Vermont chocolatier Lake Champlain Chocolates is no stranger to collaborations with local purveyors of food and drink. Now, the company is teaming up with Citizen Cider and Happy Valley Orchard to create a new apple cider caramel. The use of ingredients from Citizen Cider, an up-and-coming cider house based in Essex, Vt., and Happy Valley Orchard based in Middlebury, Vt., produces a cider caramel that showcases a harmony of fermented foods – apples into cider and cocoa beans into chocolate. Together in one distinctive confection, this caramel harkens shoppers’ favorite apple crisp or caramel apple, and is a delicious way ... |
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Balducci’s Celebrates Grand Reopening in Scarsdale, N.Y.
In celebration of the Dec. 13 grand reopening of Balducci’s Food Lover’s Market in Scarsdale, N.Y., the gourmet retailer will donate a portion of the weekend’s sales to the Food Bank for Westchester. The enhanced and larger store now provides a better shopping experience with a sweeping assortment of the finest, individually selected items. Balducci’s said it honors its reputation of exceptional food by expanding its departments to offer even more perfectly aged cheeses, expertly and responsibly sourced seafood, the finest cuts of meat, a fragrant floral department, and a brand-new epicurean hot food bar, mezze and olive bar.Balducci’s on-premise executive ... |
