New Delhi | Reuters — A day after U.S. retail giant Walmart struck its largest deal with a big ticket investment in Indian online marketplace Flipkart, a right-wing Hindu group that fears small traders will suffer staged a protest in New Delhi calling for the deal to be scrapped. Walmart said on Wednesday it would […] Read more
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Some Indian trader, farmer groups decry Walmart’s Flipkart deal
Amazon to cut Whole Foods prices amid intense grocery turf war
Reuters — Amazon.com said Thursday it will cut prices on a range of popular goods as it completes its acquisition of Whole Foods Market, sending shares of rival grocers tumbling over fears of even more brutal market share battles. Amazon’s $13.7 billion purchase of Whole Foods, which won antitrust approval from U.S. regulators on Wednesday, […] Read more
Amazon moves into real-world stores with Whole Foods deal
Reuters — Amazon.com said Friday it would buy grocer Whole Foods Market for US$13.7 billion in a move that gives the online retailer a physical network of stores to distribute fresh food and other goods to millennials and wealthy consumers. Amazon, which is known for squeezing suppliers and has been experimenting with its own outlets, […] Read more
Canada’s Onex to buy U.S. grocery chain Save-A-Lot
Reuters — Food retailer and wholesaler Supervalu Inc. said it will sell its Save-A-Lot business to Canadian private equity firm Onex Corp. for US$1.37 billion rather than spinning off the discount grocery chain as previously planned, the companies said on Monday. Eden Prairie, Minnesota-based Supervalu had been looking to separate the more profitable division, which […] Read more
Tyson invests in non-meat protein
Reuters — Tyson Foods, the largest U.S. meat processor, took a five per cent stake in plant-based protein maker Beyond Meat amid growing pressure on food companies to reduce environmental and health risks by changing the way they source protein. Terms of the deal were not disclosed. Manhattan Beach, Calif.-based Beyond Meat sells plant-based burger […] Read more
Costco plans chicken plant in Nebraska
Reuters — Costco Wholesale Corp. is considering building a poultry-processing plant in Nebraska, according to a local development council, a move that would give the retailer tighter control over its chicken supplies. The facility, if built in Nebraska’s Dodge County, would create 1,100 jobs, work with local chicken farmers and invest $180 million in the […] Read more
Wal-Mart plans for cage-free U.S. egg supply by 2025
Reuters — Wal-Mart Stores said it was aiming to switch to a cage-free egg supply chain in the U.S. by 2025, joining a host of companies that have committed to stop using eggs laid by caged hens. The biggest food retailer in the U.S. said Tuesday it would mandate its egg suppliers to be certified […] Read more
Wal-Mart jumps into milk processing
Reuters — Wal-Mart said it will build a dairy processing plant in Indiana to supply private-label milk to about 600 stores, curtailing business with some suppliers in the retailer’s sole foray into food processing in the U.S. The move — announced by Wal-Mart last Friday but not widely reported by media until Tuesday — helped […] Read more
Major grocers pledge cage-free eggs by 2025
The grocery arm of the body for Canadian retailers has rolled out a 10-year plan to source the eggs its members sell from layer hens raised in “cage-free environments.” The grocer members of the Retail Council of Canada (RCC), which include Loblaw, Sobeys/Safeway, Metro and Wal-Mart Canada, said Friday they are “voluntarily committing to the […] Read more
Wal-Mart urges meat suppliers to curb antibiotic use
Chicago | Reuters — Wal-Mart Stores is pressing meat, seafood, dairy and egg suppliers to reduce the use of antibiotics, becoming the first large retailer to take a stand against the excessive use of drugs in raising farm animals. The guidelines announced on Friday would limit suppliers to using antibiotics to treat and prevent disease, […] Read more
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