Major shareholder of Just Eats pushes for Grubhub acquisition with newly-released analysis
Cat Rock Capital Management promotes merger via competitive analysis The Just Eat Takeaway.com merger with Grubhub received a boost today with the release of a favorable presentation by a majority […]
US Foods Ghost Kitchens solution for independent restaurants unveiled
Preparatory program for restaurant operators includes robust training, marketing support US Foods announced it had launched US Foods Ghost Kitchens for restaurants, a training and preparatory support program. The company—a […]
Impossible Foods raises $200M from Series G funding round
New infusion to quicken pace of growth, ‘next-gen’ food products Impossible Foods—the maker of Impossible Burger and Impossible Sausage—raised an additional $200M to expand research and development and quicken the […]
Just Egg distribution expands in foodeservice with Michael Foods in exclusive agreement
New pact to also put Eat Just product in food ingredient segment Plant-based food producer Eat Just, Inc. (Just) and and a subsidiary of Post Holdings have signed a distribution […]
US Foods hits charitable milestone in donated product for hunger relief
Distributor donates $10M in food and supplies to fight food insecurity As food banks across the country are challenged to meet the growing demand of households facing food insecurity, US […]
As US Foods finalizes Smart Foodservice Warehouse acquisition, purchase bolstered by new $500M KKR investment
Infusion helps US Foods move ahead with $970 purchase of cash-and-carry distributor Investment firm KKR returned to its relationship with US Foods. CD&R and KKR are the private equity firms […]
Panera Bread launches Panera Grocery, digging into food retailing business
Panera Grocery built as a standalone service Panera launched Panera Grocery, making some inroads into the food retailer category. At a time when nearly all on-premises dining is closed due […]
PFG shares employees with grocers, adds 480 new, grocery customer locations
Distributor also helps restaurants transition to higher-volume off-premises business Performance Food Group (PFG) announced it had signed 10 new agreements with food retailers year-to-date. Also, the nation’s second-largest broadline food […]
US Foods withdraws earnings guidance, starts cost-cutting amid COVID-19
Foodservice distriubutor outlines steps, including hiring freeze Like many other foodservice companies, US Foods has withdrawn its earnings guidance for 2020. The company also indicated it had undertaken a cost […]
PepsiCo enhances pay, benefits for frontline employees during coronavirus outbreak
Company to also support COVID-19 impacted communities, students More than 90,000 PepsiCo employees will receive additional pay and benefits in response to COVID-19, the company announced. PepsiCo Beverages North America […]
Coastal Companies acquires Lancaster Foods, expanding produce empire
Lancaster Foods becomes fourth subsidiary of The Coastal Companies The Coastal Companies acquired Lancaster Foods, a retail produce distributor, from Fairfax, Va.-based Guest Services, a hospitality management company. Founded in […]
