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News
JAB Completes Acquisition of Panera Bread Company
ST. LOUIS, MO, July 18, 2017 (GLOBE NEWSWIRE) -- Panera Bread Company ("Panera" or the "Company") (NASDAQ:PNRA) and JAB today announced the successful completion of the acquisition of Panera by an investment vehicle of JAB Consumer Fund and JAB Holding Company. The acquisition was announced on April 5, 2017, and the transaction closed and became effective today. Under the terms of the transaction, Company shareholders will receive $315 per share in cash for each share they own. As a result of the completion of the acquisition, Panera’s common stock will cease trading as of today on the NASDAQ Global Select Market. About Panera Thirty years ... |
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Sysco Announces CEO Succession Plan
HOUSTON, July 17, 2017 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) (the “company”) today announced that chief executive officer, Bill DeLaney, will be succeeded as CEO by Tom Bené, currently president and chief operating officer. Bené will become president and chief executive officer effective January 1, 2018, and will join Sysco’s board of directors. DeLaney will serve as an advisor to Bené through December 31, 2018. Jackie Ward, chairman of Sysco’s board, said, “Today’s announcement represents the successful culmination of the board’s long-range leadership succession planning process and will result in an orderly transition. The board is confident that our plan ... |
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Las Vegas Market Adds More New Temporary Exhibitors
LAS VEGAS, NV – (July 13, 2017) – Las Vegas Market announced today that brisk sales activity continues to swell the number of new gift and home décor temporary exhibitors to be featured in the Pavilions at the Summer 2017 Las Vegas Market, July 30 to August 3, 2017. More than 20% of the record 500+ temporary exhibitors will be first time participants at Las Vegas Market, making the Pavilions at Las Vegas Market an important first stop for buyers seeking the Market’s newest and most innovative offerings. “Las Vegas Market is seeing unprecedented demand for temporary exhibition space, ... |
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CSM Bakery Solutions Announces Agreement for Sale of Its BakeMark Business to Pamplona Capital Management
NEW YORK and ATLANTA and LONDON, July 17, 2017 /PRNewswire/ -- CSM Bakery Solutions, a global leader in bakery ingredients, products and services, today announced it had reached an agreement for the sale of its BakeMark business to Pamplona Capital Management. The agreed upon sale is an important step in advancing CSM's strategy to focus on its core business in Europe and North America, according to CSM's President and CEO Marianne Kirkegaard. "We have always had great appreciation for the value of the BakeMark business but this sale will help us support our goal of further strengthening our core business in Europe and ... |
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Sur La Table And Instacart Launch Partnership To Offer Same-day Delivery Of Premium Household Goods
SAN FRANCISCO, July 12, 2017 /PRNewswire/ -- Sur La Table, the place for an unsurpassed selection of exclusive and premium-quality goods for the kitchen and table, and Instacart (www.Instacart.com), the technology-driven, nationwide on-demand grocery delivery service, announced today a partnership to offer same-day delivery from over 80 Sur La Table locations. Starting today, Sur La Table shoppers in 23 states -- from California to Virginia and in between -- can visit https://www.instacart.com/sur-la-table, fill their virtual carts and have the items delivered straight to their doorstep by Instacart in as little as an hour. "Sur La Table is well known for ... |
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Brennan's Market to Close After 75 Years
MADISON, Wis., July 12, 2017 /PRNewswire/ -- In 1942, when Frank Brennan opened his road-side fruit stand in Monroe, Wisconsin, he wasn't aware his legacy would last for 75 years. Unfortunately, due to changing consumer habits and increased competition, Brennan's Market will be closing all stores September 30, 2017. Brennan's Market, with five retail locations and cheese warehouse & packaging facility, employs 150 full and part-time workers. The Brookfield, WI location is being sold but will remain open along with the other stores. As of now, there are no firm plans for the sale of the remaining properties but all stores ... |
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Bormioli Luigi and Triton Partnered to Acquire the Bormioli Rocco Tableware and Pharma Businesses Respectively
Milan / Fidenza (Italy), July 17th 2017 – Bormioli Luigi S.p.A. has partnered with Funds advised by Triton (“Triton”) to purchase the Pharma and Tableware business divisions of the Bormioli Rocco group. Both business divisions will be owned and run independently of each other, as Bormioli Luigi will acquire the Tableware division and Triton will acquire the Pharma division. Bormioli Rocco is a leading Italian tableware and pharma primary packaging manufacturer currently owned by Vision Capital. The transactions are subject to regulatory approval in the relevant jurisdictions. Any necessary employee information and/or consultation procedures will occur in France and Italy ... |
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KeyImpact Sales & Systems Inc. Acquires Nevada Food Brokerage
ODENTON, Md., July 6, 2017 /PRNewswire/ -- KeyImpact Sales & Systems, Inc. (KeyImpact) is pleased to announce that they have acquired Nevada Food Brokerage, further strengthening their resources in the Southern Nevada & Southern Utah areas. This is the second major acquisition for KeyImpact in 2017, adding to a 14-year history of successful acquisitions and integration of 45 local market and regional, sales and marketing agencies. For several decades, Nevada Food Brokerage has operated a successful foodservice brokerage firm providing services in the Southern Nevada & Southern Utah areas. The company has served local casinos and big gaming companies for years and ... |
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2018 Good Food Award Entry Period Now Open
San Francisco, CA (July 5, 2016) – Today marks the launch of a coast-to-coast call for entries of beer, charcuterie, cheese, chocolate, cider, coffee, confections, honey, fish, oils, pantry, pickles, preserves, spirits and (new this year) elixirs. The Good Food Awards celebrates the kind of food we all want to eat: tasty, authentic and responsibly produced. As the only national initiative to recognize food crafters who excel in both taste and sustainability, we anticipate over 2,000 entries from all fifty states. Over 250 food crafters, grocers, chefs, journalists and pioneers of the food movement will serve on this year’s judging panel, ... |
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Danone announces sale of Stonyfield to Lactalis
Paris, France - July 3rd, 2017 - Danone has entered into a binding agreement with Lactalis to sell Stonyfield, one of its U.S. dairy subsidiaries, for a purchase price of $875 million, representing 20 times its EBITDA in 2016. Stonyfield generated approximately $370 million in turnover in 2016. The divestiture is part of the agreement reached on March 31st, 2017 with the U.S. Department of Justice ("DOJ") in connection with Danone's recently closed acquisition of WhiteWave. The closing of the divestiture is subject to customary conditions, including final approval by the DOJ, and is expected in the third quarter of ... |
