New Vietnamese bank to launch in Houston
USV Bancorp is in the final stages of raising capital to support its acquisition of a rural Texas bank to launch the first-ever Vietnamese-owned bank in Houston and second nationwide.
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Axios
an hour ago
- Axios
Whole Foods' distributor faces apparent cyberattack
United Natural Foods Inc., the primary distributor for Whole Foods, said Monday it had to take some of its systems offline after an apparent cyberattack. Why it matters: In the short-term, the company might not be able to fully fulfill customers' orders as it investigates the potential hack. Driving the news: United Natural Foods said in an SEC filing that it noticed "unauthorized activity" on some of its IT systems on Friday, prompting the company to proactively shut down some of its systems and call in law enforcement and third-party cybersecurity investigators. It's unclear when those systems will be back up and running — or what kind of incident spurred the shutdowns. United Natural Foods said in a statement on its website that it is working closely with their customers and suppliers to "minimize disruptions as much as possible" in the short-term. Threat level: News of the possible cyberattack comes as a group of ransomware hackers, who wreaked havoc on British retailers last month, started turning their attention to American companies. State of play: United Natural Foods works with more than 30,000 retail locations across North America to supply them with a variety of fresh, branded and private-label grocery items, according to its website. Last year, the company signed an eight-year extension of its deal with Amazon-owned Whole Foods to be the health-focused supermarket's primary distributor. Past cyberattacks on food distributors have prompted customers to get savvy about how they sell their supplies or how to temporarily pivot to other distributors to keep food on shelves. A Whole Foods spokesperson told Axios in an email that the company is "working to restock our shelves as quickly as possible and apologize for any inconvenience this may have caused for customers."
Yahoo
3 hours ago
- Yahoo
Whole Foods' primary distributor forced to shut down its systems after a major cyberattack
United Natural Foods, Inc., one America's largest publicly traded health food wholesalers and the primary food distributor for Whole Foods, has taken some of its systems offline after a massive cyberattack. 'We have identified unauthorized activity in our systems and have proactively taken some systems offline while we investigate,' the company said in a statement to CNN. UNFI has also contacted law enforcement for assistance and it's 'assessing the unauthorized activity' and is working to its restore systems following the cyberattack. In a regulatory filing Monday, UNFI said it became aware of an incident in its information technology systems on June 5, which is causing 'temporary disruptions to the company's business operations.' The company makes private label, fresh and its own branded products and ships them to more than 30,000 grocery stores, including Whole Foods. The Amazon-owned company didn't immediately respond to comment about how it's being affected. On social media, some Whole Foods customers reported they saw empty shelves. A post on Reddit shows an empty refrigerator with a sign reading the store is 'experiencing a temporary out of stock issue for some products.' Another post shows smaller-than-usual deliveries to stores. UNFI signed a new distribution agreement with Whole Foods last year, extending the partnership through 2032. UNFI (UNFI) said that it's 'working closely' with its suppliers and clients to to 'minimize disruption as much as possible.' Shares fell more than 6% in early trading. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Eater
4 hours ago
- Eater
A Beloved Cambridge Diner Is Expanding to Brookline
Brookline Lunch — the beloved, Palestinian-owned Cambridge diner known for its knafeh and baklava pancakes — is finally going to have an actual location in Brookline. The owners' son, Mushhoor Abu-Rubieh, will oversee the new restaurant, which has taken over the former home of the Busy Bee Diner at 1046 Beacon Street, according to Brookline News. (The Busy Bee shut down last fall after 56 years.) The new spot will feature much of the same menu that diners are familiar with in Cambridge, plus a few new items, Abu-Rubieh told the neighborhood publication. He aims to have the new restaurant up and running in three to four months. An exciting Portsmouth bakery is coming to Boston Elephantine Bakery, a fan-favorite Portsmouth cafe that sells breads, croissants, cakes, and other pastries, is expanding to Boston. Owners Sherif and Nadine Farag are opening a second Elephantine location at 332 Congress Street, in Fort Point, with a target opening in late summer this year. Keep an eye on Instagram for updates as construction gets underway. Lakon Paris takes home the top prize in local croissant competition Croissant-heads, take note: Lakon Paris Patisserie, home of the viral, over-the-top croissants bursting at the seams with fillings like pistachio mascarpone and Nutella hazelnut, nabbed top honors at the Le Grand Prix Elmendorf du Pain, an annual baking competition held in Cambridge on Sunday, June 8. Cambridge Day reports that Lakon's Jenny Kiangkaew won first place in the competition, while Flourhouse in Newton and Praliné French Patisserie in Belmont came in second and third, respectively. Sign up for our newsletter.
