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NPD: Tabletop Consumers Enjoy Hosting Parties and Reveal Lifestyle Trends
Sixty-four percent of consumers who purchase dinnerware, beverageware and/or flatware enjoy hosting parties in their home, but 44 percent of all tabletop consumers said they use disposable plates to entertain, according to insights from The NPD Group. “The tabletop consumer clearly enjoys setting their table, but the focus is increasingly on the casual and versatile options,” said Debra Mednick executive director and home industry analyst for The NPD Group.More than half (54 percent) of consumers who purchased tabletop items coordinate table settings, and 48 percent of all tabletop consumers said they own fine china, according to NPD data for the ... |
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Fairway IPO Raises $177.5 Million
Fairway Group Holdings Corp. raised $177.5 million in its initial public offering after pricing the shares above the marketed range.The New York grocer sold 13.65 million shares for $13 each, after offering them for between $10 and $12, according to Bloomberg. The shares represent a 33 percent stake in the company, which operates 12 stores in Connecticut, New Jersey and New York, and is majority-owned by private equity firm Sterling Investment Partners.Fairway sales increased 14 percent to $554.9 million and posted a net loss of $11.9 million for the year ended April 1, 2012. Fairway derives 65 percent of its ... |
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FDA Denies Mimolette Cheese Ban in the U.S.
The Food and Drug Administration (FDA) denies rampant reports by the European media that the U.S. has placed an import ban on mimolette, a popular French cheese.The U.K.’s Guardian and French journals reported that approximately half a ton of mimolette cheese was refuse entry into the U.S. by FDA inspectors in New Jersey in March due to concerns that the cheese was infested with mites.Mimolette, which is traditionally manufactured in Lille, France, indeed houses microscopic mites as it matures, which are brushed off before sale and consumption. In fact, mites are deliberately introduced to the cheese during manufacturing to refine ... |
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Target, Best Buy and Sam’s Club Sell New Frigidaire Professional Small Appliance Line
The new small appliance line from Frigidaire Professional, designed with efficient, premium features that provide professional results in less time, is being sold at Target.All of the appliances offer added convenience with simple controls and timesaving features, and sleek stainless steel designs.The line includes a 5-in-1 Grill and Griddle, featuring an extra-large surface area for maximum cooking space that can be used as a grill, griddle or panini press; 5-Speed Glass Jar Blender, with five speed controls for perfectly blended smoothies, creamy soups or icy summer delights; Infrared Convection Oven, a large-capacity countertop oven that can hold a 12-inch pizza; ... |
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IACP Hands Out Cookbook Awards at Annual Event
The International Association of Culinary Professionals (IACP) presented its annual Cookbook Awards at an awards ceremony at the Hyatt Embarcadero in San Francisco on April 9. “Jerusalem: A Cookbook” by Yotam Ottolenghi was named Cookbook of the Year. The conference, “Dirt to Digital: Real Food in a Virtual World,” ran from April 6 to 9. Here are the other winners: American: “Hiroko’s American Kitchen: Cooking With Japanese Flavors” by Hiroko Shimbo; Baking Savory or Sweet: “Flour Water Salt Yeast: The Fundamentals of Artisan Bread and Pizza” by Ken Forkish; Chefs and Restaurants: “Vietnamese Home Cooking” by Charles Phan; Children, ... |
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Canadian Federal Court Settles Case Between Trudeau, BODUM
The Federal Court of Canada has rejected the claim of industrial design infringement made by BODUM USA and PI Design against Trudeau in a case filed in February 2007. The court also invalidated both of BODUM’s industrial design registrations covering the configuration of double-walled glasses and found that Trudeau branded products were dissimilar and did not infringe on BODUM’s industrial designs. The court awarded Trudeau costs in the action. BODUM had also brought a claim for passing off, which it abandoned during the trial. While BODUM and PI Design had filed a Notice of Appeal to the Federal Court of ... |
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Village Tea, Carmen Brown Sign Licensing Deal for Tea-Flavored Rum
Village Tea Co. Distribution Inc., the owner of the Village Tea Co. brand of premium loose-leaf teas and tea accessories, has entered into a licensing agreement with Carmen Brown Inc. to create the world’s first rum infused with premium loose-leaf tea. One of Village Tea’s most popular flavors, Sweet Grace Vanilla Rooibos, has been selected by Carmen Brown as the key ingredient in its new flavor of infused rums. The 70 proof molasses-based rum, produced by a small-batch distiller in Milwaukee, is blended with all-natural South African Rooibos sweetened with real vanilla. Carmen Brown Rum Tea with Vanilla Rooibos was ... |
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Peugeot Opens U.S. Office, Hires Team
To expand its presence in the U.S. market, Peugeot (PSP USA), has opened an office in Chicago led by industry expert Yvette Laugier, who was named general manager. PSP USA, 100 percent owned by PSP SAS of France, is dedicated to the Peugeot brand and to U.S. market growth. “Our primary goal is to service our customer,” said Laugier. “Our new facility will ensure each and every customer receives exemplary support from our new team. We have lofty goals ahead and are very excited about the future of PSP USA.” Focused on innovation, the French manufacturer is adding more than ... |
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Lake Champlain Chocolates, Brewer Collaborate on Chocolate Bar
To celebrate the 2013 Burlington Discover Jazz Festival, festival sponsors Lake Champlain Chocolates (LCC) and Long Trail Brewing Co. joined forces to create a limited-edition chocolate bar. “After last year’s successful Boom Bam Bourbon Pecan Chocolate Experience Bar, we asked fellow-sponsor Long Trail Brewery to collaborate with us on a flavor for this year’s bar,” said Catherine Wisloski, director of marketing at LCC. “We are continually inspired by the local food and beverage producers in Vermont, and are always looking to combine ingredients in new ways to create something truly distinctive.” The Bebop Hop chocolate is a hop-infused, deep malty ... |
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Fairway Market Sets IPO Price at Between $10 and $12 per Share
Fairway Market has priced its initial public offering (IPO) of 13.7 million Class A shares at between $10 and $12 per share as it seeks to raise as much as $164 million.At the high end of the price range, the specialty grocery chain would be valued at about $495 million, according to a Reuters report. Fairway Market, which operates nine stores in Connecticut, New Jersey and New York, is majority owned by private equity firm Sterling Investment Partners.The company, which posted a loss of $56.1 million up from a loss of $10 million from the year ago, intends to list ... |
