Food Retail
Top stories summarized by our editors
5/24/2018

Kroger will buy Home Chef, the top private meal-kit company in annual sales, for at least $200 million plus business incentives, the company announced. Home Chef would become a subsidiary that offers its meal kits in the Kroger's stores.

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Kroger
5/24/2018

The proposed merger of Albertsons and Rite-Aid will create a company with the size to compete and important avenues in which to grow, such as pharmacy expansion, click-and-collect and home delivery, company executives said. "We will be a unique combination of grocery and pharmacy that will be well-positioned to deliver a differentiated experience," Rite Aid Chairman and CEO John Standley told analysts last week.

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Albertsons, Rite Aid, John Standley
5/24/2018

Amazon Prime is now offering free same-day wine and craft beer delivery in Miami and Orlando, Fla., through its Prime Now service. Delivery is available within one- and two-hour windows between 8 a.m. and 10 p.m. Monday through Saturday and 1 p.m. and 7 p.m. Sunday.

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Miami New Times
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Amazon
5/24/2018

Spangler Candy Company will acquire NECCO for $18.83 million after emerging as the winning bidder at a bankruptcy auction yesterday. NECCO CEO Mike McGee will stay with the firm through the summer to smooth the transition.

5/24/2018

Unilever is positioning its Knorr-branded One Skillet Meals as a convenient, less expensive alternative to meal kits. "When you look at our meals, even with all the ingredients that you add, the cost ... comes out to about $2.60 to $6 per serving, which is half what a lot of meal kits are, and they only take about 30 minutes to prepare, whereas a lot of meal kits take twice as much time," said Unilever Marketing Director Brian Critz.

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FoodNavigator
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Unilever
5/24/2018

PMA has named Steve Lutz its new regional vice president for the western US and Canada. Lutz, a market researcher who founded Perishables Group, will work with members to educate them on PMA resources available to help them expand their businesses.

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Steve Lutz, PMA, Perishables Group
5/24/2018

More than 100 livestock farmers in a drought-stricken region of Kenya are growing hot chili peppers as a way to shore up their incomes as climate change brings weather swings. The peppers can be grown with relatively little water, and a one-acre field can produce around two tons of peppers weekly during the six-month season.

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Reuters
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Kenya
5/24/2018

A UK company called Indie Ecology is working with high-end London restaurants to make "Michelin-starred" compost from their donated food waste. The restaurants can opt to rent a plot on founder Igor Vaintraub's 10-acre property, where farmers use the compost to grow crops for the restaurants.

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Michelin
5/24/2018

Genome editing using CRISPR technology could provide solutions to citrus greening and other threats to food production, writes plant geneticist Yi Li. Unlike genetic modification practices that alter plants in ways that wouldn't have happened through evolution, CRISPR rewrites the plant's genetic code to introduce new traits, he notes.

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The Conversation (UK)
5/24/2018

Mexican trade officials visited China to finalize discussions to expand Mexico's exports of pork, bananas and sorghum to the country, a move one official says is unrelated to stalled negotiations on the North American Free Trade Agreement. "Regardless of trade uncertainties with other trading partners, Mexico has embarked in a market diversification process," said Raul Urteaga, the head of international trade for Mexico's agriculture ministry.

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Reuters
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Mexico