Greek food companies offered samples of olives, oils, spreads and more at the Summer Fancy Food Show in New York City this week, as economic turmoil worsened at home. Some got their exporting start with help from EU trade programs, and all were focused on building exports. "There should be a Greek shelf in every supermarket in the U.S. Americans are a very open people; they want to try things from all over," said Trifon Fotiadis, CEO of Arosis.
Millennials have a unique perception of health and wellness, and they prioritize fresh, less-processed foods, sleep, staying active and social connections when it comes to their health, according to Hartman Group CEO Laurie Demeritt. Millennial interest in healthy eating habits grew 12 percentage points between 2011 and 2014, and the demographic's emphasis on fresh food is affecting sales of certain products, including butter, which millennials prefer over margarine, she said.
The proposed partnership between Target and CVS Health, which would see CVS operate pharmacies in Target stores, would increase store traffic for both retailers, as 38% of Target shoppers also shop at CVS and 43% of CVS shoppers also shop at Target, according to Kantar Retail's ShopperScape data. "There is a lot of cross-shop going on and given that that exists, we believe that there is an opportunity for both retailers to increase store traffic," said Brian Owens, Kantar's director of retail insights for the drug channel.
Kraft Foods Group shareholders voted Wednesday to approve a merger of the company with H.J. Heinz Co. Once the merger is complete, a new executive team will report to CEO Bernardo Hees, the majority of whom come from Heinz. Paulo Basillio, who joined Heinz as CFO in 2013, will retain his role as finance chief at Kraft Heinz Co.
Up to a third of Americans may have reduced their consumption of gluten-containing foods, but for people who do not have celiac disease, a gluten-free diet could result in nutritional deficiencies, damage to healthy gut flora and weight gain, doctors say. Some people do have non-celiac gluten sensitivity, but there is no definitive test for the condition and the only way to confirm it is through a gluten challenge. People who suspect they may have celiac disease or NCGS should not alter their diet, which can result in inaccurate test results, and should see a doctor for a celiac disease test, doctors say.
The designation of "craft" for a beer no longer means that it comes from a small brewery, with an annual production requirement that is equivalent to 1.98 billion bottles. Today, craft has more to do with the ingredients, ownership, and most importantly, philosophy. New Belgium Brewing Company espouses a mission "to be environmental stewards, to produce world-class beer, to have fun, and to promote beer culture," and prefers to focus on innovative flavors over market share, CEO Kim Jordan said.
French supermarket operator Groupe Casino has signed a deal to start opening licensed Starbucks locations inside some of the company's 444 supermarkets and 127 hypermarkets starting this year. Seattle-based Starbucks has about 4,823 licensed shops in the U.S. and it is increasingly looking to licensing deals as the path to growth in Europe.
Online grocer Ocado Group operates through a two-part business model that involves selling groceries directly to consumers and licensing its technology to U.K. grocer Morrison Supermarkets. Ocado, which saw its first annual profit last year since its founding 15 years ago, is shopping its technology and infrastructure to "a number of parties" overseas, CEO Tim Steiner said.
Kroger's Chief Operating Officer Mike Ellis retired this week after 40 years with the retailer and 18 months as its No. 2 executive, Kroger announced Tuesday. A replacement will be announced at a later date, and CEO Rodney McMullen will temporarily assume the chief operating duties, the company said.
Restaurateurs and chefs who came up in the fine dining world believed for a long time that they could only have one restaurant at a time or risk not being taken seriously, Shake Shack founder Danny Meyer said at the Food & Wine Classic in Aspen. He and fellow panelists Rick Bayless, Bobby Stuckey and Ashley Christensen explained how they grew, made casual shifts and built respected brands.