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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

DISH has announced the launch of its AirTV device, which will allow viewers to access free live local feeds from ABC, NBC, CBS and Fox. The company has also announced plans to integrate a DVR function this year.

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Variety, Multichannel News
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DISH, NBC, Fox, ABC, NBC
5/24/2018

A growing number of China's millennials are turning their passion for style to home goods, and several designers are teaming with furniture and homewares brands to design new lines to meet this demand. For example, IKEA teamed with designer Virgil Abloh on a line of furniture and home accessories.

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IKEA, Virgil Abloh
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

UK-based startup Klevio has unveiled its smart intercom system, which allows users to control locks via an iOS or Android app. The device, called Klevio One, can be retrofitted to electric strike-enabled locks and integrated into existing intercom systems.

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TechCrunch
5/24/2018

Samsung intends to establish research centers in Moscow, Toronto and Cambridge for developing artificial intelligence. The new segment is expected to employ 1,000 advanced AI researchers by 2020.

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Samsung
5/24/2018

Arrow Electronics has expanded over time beyond electronics distribution to offer a variety of solutions and technologies to many industries. "We strive to be the platform that customers go to for the things they need to be the best for their own customers," CEO Michael Long says.

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EE Times
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Arrow Electronics
5/24/2018

Grainger's contact center in Janesville, Wis., has about 1,200 employees and has transformed over the years as business moved from phones to e-commerce. This Grainger location increasingly hires millennials, has relaxed its dress code and is focused on career growth.

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Grainger