Latest news with #grocery
CBS News
21 minutes ago
- Business
- CBS News
Market Basket, Arthur T. Demoulas taking fight for control to mediation in September
The Market Basket board of directors and suspended CEO Arthur T. Demoulas will take their ongoing dispute to a mediator in September as the latest leadership struggle for the grocery store chain continues. Demoulas was suspended and other executives were put on paid leave in May 28. According to the board, the group was suspended for allegedly "encouraging a widespread work disruption" to show support for Demoulas. Joseph Schmidt, director of operations, and Tom Gordon, grocery director, were later fired. The dispute stems from Demoulas' role with Market Basket and who will control the popular chain of grocery stores. In a statement, Demoulas confirmed that the parties have agreed "to put the issues between them to a mediator on September 3 in hopes of avoiding litigation and reaching a quicker and amicable resolution that is in the best interest of Market Basket's associates, customers and the communities it serves." Demoulas' statement went on to accuse the Board of Directors of acting irresponsibly. "The discussions about a mediation have been going on for more than 2 weeks. And that fact alone illustrates how irresponsible Directors Jay Hachigian, Steven Collins and Michael Keyes were early last week, when they fired Joe Schmidt and Tom Gordon and then promoted a series of employees to take their places," Demoulas said. "This was all done in a clear attempt to get out ahead of the mediation process in an effort to further silence the associates within the company who are demanding the return of the senior management team." The Market Basket board of directors confirmed that mediation efforts will take place on September 3. But chairman Jay Hachigian disputed Demoulas' accusations. "The statements by Arthur's spokesperson are not credible and make no sense. I look forward to seeing Arthur in mediation," Hachigian said in a statement. Though Demoulas is the CEO of Market Basket, he is a minority shareholder who owns 28% of the company. Three of his sisters each own a 20% share, while the remaining 12% is in a trust for the family's grandchildren. Demoulas and his sisters were involved in a dispute with their cousin in 2014. The battle for control of the company led to a customer boycott and Market Basket employees walking off the job to defend "Artie T." After six weeks, the dispute ended with Demoulas and his sisters coming out victorious.
Yahoo
2 days ago
- Business
- Yahoo
Where Does Trader Joe's Source Its Eggs From?
Trader Joe's, a beloved grocery chain known for its private label products, offers a wide assortment of eggs. Its selection features Grade A eggs in various sizes and standards, such as farm fresh eggs (which are one of the secrets for making the best scrambled eggs), pasture-raised eggs, and cage-free eggs. But who is housing the hens that produce them? While Trader Joe's keeps its prices cheap by selling only its own private labels, many of the eggs offered at the chain are sourced from Carol's Eggs, a brand that falls under the umbrella of the New Hampshire-based company Pete & Gerry's. When companies use private labels, such as Carol's Eggs, there is often no interaction with the farmers, which can obscure farming practices. However, those worried about the treatment of the hens at Carol's Eggs will be happy to hear that the operation is fully transparent and meets humane standards when it comes to raising chickens. In fact, the non-profit watchdog organization The Cornucopia Institute noted that the farm allowed its hens access to a well-vegetated pasture and both indoor and outdoor enrichment. Although there are some items you should never buy at Trader Joe's, you can rest assured that TJ's eggs are high quality. Moreover, Carol's Eggs' parent company, Pete & Gerry's, paved the way for humane and sustainable egg production in the U.S. Read more: The Definitive Ranking Of Grocery Store Butter Brands The History Of Pete & Gerry's Carol's Eggs, along with the overarching Pete & Gerry's brand, originated from the Ward family farm in the 1950s. Les Ward passed the farm down to his daughter, Carol Ward, and her husband, Gerry Laflamme. Later, the married couple joined with Carol's cousin Pete to create the parent company Pete & Gerry's in 1980. However, the merger between the two happened during the farming crisis that spanned throughout the '70s and into the mid 1980s. The crisis was driven in part by poor lending policies that left many small-town farms in financial ruin. As a result, the industry saw widespread consolidation and the rise of factory farming. For Pete & Gerry's, this meant an uphill battle to compete against industrial-sized egg producers and the company fell on hard times as a result. Despite the challenges, the egg producer did not adopt industrialized farming methods. Around this time, however, Carol and Gerry's son, Jesse Laflamme, had returned home from college to take over the family business full-time. Jesse made the bold decision to go fully organic, telling Inc. in a 2018 interview that the change was a "Hail Mary pass to save the farm, since the organic market was practically nonexistent at the time." Despite the risk, his plan paid off, and the farm turned around within two years. In 2003, Pete & Gerry's became the first egg producer in the United States to become Certified Humane. Read the original article on Chowhound. Solve the daily Crossword
Wall Street Journal
3 days ago
- Business
- Wall Street Journal
Welcome to the Grocery Store Where Prices Change 100 Times a Day
Shoppers in Norway are used to seeing prices at the grocery store change in front of their eyes. On electronic labels that line the shelves, the listed price for eggs or milk fades, the screen blinks and a new figure flashes up, all in a matter of seconds. Prices can change up to 100 times a day at Reitan's REMA 1000-branded grocery stores across Norway—and more often during holidays. The idea is to match or beat the competition with the touch of a button, says REMA 1000's head of pricing, Partap Sandhu. 'We lower the prices maybe 10 cents and then our competitors do the same, and it kind of gets to [be] a race to the bottom.'
Sky News
4 days ago
- Business
- Sky News
Bread producers Hovis and Kingsmill close in on historic merger
The owners of Hovis and Kingsmill are closing in on a definitive agreement to merge two of Britain's most famous grocery brands following months of talks. Sky News has learnt Associated British Foods (ABF), the London-listed company which owns Kingsmill's immediate parent, Allied Bakeries, has proposed paying roughly £75m to acquire Hovis from its long-term private equity backers. Banking sources said a deal could be formally agreed to combine the businesses as early as the end of next week, although they cautioned the complexity of the transaction meant the timing could yet slip. Confirmation of a tie-up would come nearly three months after Sky News revealed ABF and Endless - Hovis's owner since 2020 - were in discussions. Industry sources have estimated that a combined group could benefit from up to £50m of annual cost savings from a merger. ABF has also been exploring options for the future of Allied Bakeries separate from its talks with Hovis in the event a deal could not be agreed or is prevented from completing by competition regulators. If it does go ahead, the merger will unite two historic bread producers under common ownership, with Allied Bakeries having been founded in 1935 by Willard Garfield Weston, part of the family which continues to control ABF. Hovis traces its history back even further, having been created in 1890 when Herbert Grime scooped a £25 prize for coming up with the name Hovis, which was derived from the Latin 'Hominis Vis' - meaning "strength of man". Persistent inflation, competition from speciality bread producers and shifting consumer habits towards lower-carb diets have combined to impair breadmakers' financial health in recent decades, however. In accounts filed at Companies House earlier this month, Hovis said it had "achieved positive financial progress despite continued tough trading conditions". The company reported sales of £439.6m in the 52 weeks to 28 September last year, down from £477.6m in the 53 weeks to 30 September 2023. Earnings before interest, tax, depreciation and amortisation fell from £20.9m to £18.7m, which Hovis said was the result of the revenue decline and higher distribution costs. "Overall bread share remained stable, despite significant price inflation and the ongoing cost-of-living crisis, demonstrating the resilience of the Hovis brand and its iconic status as one of Britain's most loved food brands," the accounts said. This week, the trade publication The Grocer reported that Britain's big four supermarkets, including Asda and Sainsbury's, had delisted a number of Hovis-branded products. The publication quoted a Hovis spokeswoman as saying the company was "aware of some adjustments to Hovis product lines in certain stores". "We remain fully committed to working collaboratively with our retail partners to grow our mutual businesses." The overall UK bakery market is estimated to be worth about £5bn in annual sales, with the equivalent of 11m loaves being sold each day. Critical to the prospects of a merger of Allied Bakeries, which also owns the Sunblest and Allinson's bread brands, and Hovis taking place will be the view of the Competition and Markets Authority (CMA) at a time when economic regulators are under intense pressure from the government to support growth. Warburtons, the family-owned business which is the largest bakery group in Britain, is estimated to have a 34% share of the branded wrapped sliced bread sector, with Hovis on 24% and Allied on 17%, according to industry insiders. A merger of Hovis and Kingsmill would give the combined group the largest share of that segment of the market, although one source said Warburtons' overall turnover would remain higher because of the breadth of its product range. Responding to Sky News' report in May of the talks, ABF said: "Allied Bakeries continues to face a very challenging market. "We are evaluating strategic options for Allied Bakeries against this backdrop and we remain committed to increasing long-term shareholder value." In a separate presentation to analysts, ABF - which is also in the process of closing its Vivergo bioethanol plant in Hull after pleading for government support - described the losses at Allied, which also owns own-label bread manufacturer Speedibake, as unsustainable. The company does not disclose details of Allied Bakeries' financial performance. Prior to its ownership by Endless, Hovis was owned by Mr Kipling-maker Premier Foods and the Gores family. At the time of the most recent takeover, High Wycombe-based Hovis employed about 2,700 people and operated eight bakery sites, as well as its own flour mill. Hovis's current chief executive, Jon Jenkins, is a former boss of Allied Milling and Baking.
Associated Press
5 days ago
- Business
- Associated Press
Superior Grocers Opens Its Second Las Vegas Store
Santa Fe Springs, CA July 25, 2025 --( )-- · New store at 390 S Decatur Blvd marks the 74th store for one of the nation's largest independent grocery chains. · Grand opening celebration was on July 23 underscores the company's commitment to investing in local communities, with planned check giveaways to local schools and organizations. Superior Grocers, a leading name in the grocery industry, announced today it has opened its second store in Las Vegas at 390 S Decatur Blvd. The expansion marks a significant milestone for the brand as it proudly opens its doors in Central West Las Vegas and welcomes a new community of diverse local shoppers to its 74th store. About Superior Grocers Since opening its first store in 1981, Superior Grocers has grown into one of the largest independently-owned grocery chains in California and Nevada, with 74 locations and nearly 6,500 dedicated associates. Aside from its wide assortment of grocery, produce, meat, bakery, frozen, deli, international foods & general merchandise products, Superior stores also offer a variety of freshly prepared products in the Bakery, Meat & Seafood, Service Deli and Hot Foods departments. It prides itself in providing Superior Quality, Superior Variety and Superior Value to the communities that it serves. Superior Grocers is a strong community partner and continually supports programs that help bring a positive impact to its customers, including education, health awareness efforts and many local youth organizations and non-profit groups. For more information about Superior Grocers, please visit Las Vegas customers can look forward to many of their favorite products, including a $1.99 street hot dog + Jarritos soda combo, premium cuts of SR Superior Ranch Meat, agua frescas, boba tea, fresh tamales, and treats from an in-store dulceria. For fresh ingredients and savings, customers can visit or download the mobile app for weekly deals in digital coupons. Founded in 1981, Superior Grocers isn't just a grocery chain; it's a cornerstone of communities stretching from the Southland to the Central Valley in California, to Las Vegas, Nevada, with an unwavering commitment to provide superior quality, variety, and value. Over the last 43 years, the company has planted deep roots in the communities it serves. Through partnerships with educational initiatives, health awareness programs, and support for local youth organizations and nonprofits, Superior Grocers aims to make a real difference in its customers' lives. 'Grocery stores are more than a place to shop; they're a neighborhood hub. We believe great service, quality, and ingredients should be accessible to all, and we are proud of our reputation for delivering consistency and value. We are thrilled to open our second store in Las Vegas and look forward to building new, lasting relationships,' said Richard Wardwell, President and CEO of Superior Grocers. Situated on Decatur Blvd just south of Highway 11, Superior Grocers is centrally located next to the well-known Opportunity Village Thrift Store and a short distance from several neighborhood restaurants, shops, banks, and gyms. The 36,888-square-foot store offers thousands of items across its departments to cater to the diverse needs of the community: · Produce: A vibrant assortment of locally sourced and fresh produce. · SR Superior Ranch Meats: Premium cuts of meat, ensuring the highest quality for every meal. · Bakery: Freshly baked bread, pastries, and hand-crafted desserts. · Tamales: Made with 100% fresh stone-ground nixtamal to bring authentic flavor to every bite. · Prepared Foods: Freshly prepared meals and dishes, providing convenient options for every occasion. · Grocery: Stocked with an extensive range of pantry staples, international products, and specialty items to meet every household's needs. · Tortilleria: Fresh, handcrafted tortillas add a touch of authenticity to every meal. · Boba: Refreshing bubble tea drinks available in a variety of flavors. Grand Opening Information and Hours of Operation Superior Grocers opened, Wednesday, July 23, at 9 am and marked the event with a ribbon cutting and check giveaway to Red Rock Elementary School, Griffith Elementary School, and Grupo Folklorico Libertad. Customers can enter a drawing for a chance to win a new Nissan Sentra, enjoy live entertainment, and sample fun food and drinks in a festive atmosphere. The store is open 6 a.m. - 11 p.m. daily. · New store at 390 S Decatur Blvd marks the 74th store for one of the nation's largest independent grocery chains. Superior Grocers, a leading name in the grocery industry, announced today it has opened its second store in Las Vegas at 390 S Decatur Blvd. The expansion marks a significant milestone for the brand as it proudly opens its doors in Central West Las Vegas and welcomes a new community of diverse local shoppers to its 74th store. Contact Information: Superior Grocers Dale Nakata 562-345-9000 Contact via Email Read the full story here: Superior Grocers Opens Its Second Las Vegas Store Press Release Distributed by
