Innophos Holdings acquires Triarco Industries for $46 million
Innophos Holdings Inc., an international producer of nutritional specialty ingredients, has completed the acquisition of the business and assets of Triarco Industries Inc. IFT Daily News
Author: R. Daneel Olivaw
Porricelli’s Closes Remaining Store
TRUMBULL, Conn. — Porricelli’s Market, which sold its location Old Greenwich, Conn., late last year to Kings Super Markets, has closed its lone remaining store. read more Supermarket News
Hormel to Acquire Skippy Peanut Butter
AUSTIN, Minn. — Hormel Foods Corp. has entered into a definitive agreement to acquire the Skippy peanut butter business from Unilever, Englewood Cliffs, N.J., for $ 700 million. read more … Continue Reading →
Target Sales Flat Amid Retail Gains
MINNEAPOLIS — Target Corp. here conceded on Thursday that its same-store sales in December were “essentially flat,” but confirmed that its profit projections for the fourth quarter were still on … Continue Reading →
Family Dollar Cites Weak Holiday Sales
MATTHEWS, N.C. — Rapid increases in the mix of consumables and tobacco are coming along with greater pressure on profits for Family Dollar Stores, which on Thursday said it was … Continue Reading →
Costco December Sales Top Estimates
ISSAQUAH, Wash. — Costco Wholesale here on Thursday said same-store sales increased by 9% in December — a figure that exceeded analyst estimates of 6.2% growth. read more Supermarket News
Safeway’s Burd to Retire as Chairman and CEO
PLEASANTON, Calif. — Safeway here said Wednesday that longtime Chairman and Chief Executive Officer Steve Burd plans to retire in May. read more Supermarket News
Infographic: Prepaid Gift Cards Remain Popular
Prepaid gift cards — especially “closed loop” cards that can only be used at specific retailers — remain a popular and sought-after holiday present, according to research from First Data. … Continue Reading →
Scientific integrity: How to handle conflicts of interest
The International Union of Food Science and Technology (IUFoST) has released a new Scientific Information Bulletin (SIB) entitled “Ensuring Scientific Integrity: Guidelines for Managing Conflicts.” IFT Daily News
McCormick forecasts 2013 flavor trends
McCormick & Co. Inc. has unveiled its Flavor Forecast 2013. Now in its 13th year, the report is an annual spotlight on the emerging trends that the company expects to … Continue Reading →