S.A. has agreed to acquire privately held Atrium Innovations, a global leader in nutritional health products, for $2.3 billion in cash from a group of investors led by Permira Funds, an international investment firm. The transaction should extend Nestle’s consumer health care portfolio.
Squirrel Brand is a supplier of premium roasted nuts and snack mixes, and the deal will allow John B. Sanfilippo to expand its portfolio of branded products.
While prices, selection and philosophy may be doing more to bring shoppers to the California-based retailer known for its unique private label products now, the battle is far from over.
Target will expand its smaller-format store concept into new markets next year as part of a push to grow the concept from 59 to 130 locations over the next two years. The retailer will open a 54,700-square-foot store in Dallas and two smaller locations in the Massachusetts towns of Burlington and Cambridge.
A flurry of product launches in the UK and US suggests skincare made with food ingredients is set to gain momentum. Although it’s currently fairly niche, there is potential to develop mainstream offerings that are formulated with nutritive food ingredients for healthier skin.
The beauty industry is striving for diversity and aiming to grow more inclusive of gender, race and age. While brands and retailers are increasingly using women of all ages in advertising and market campaigns, Millennial shoppers still remain a focus for most color cosmetics brands.
The Kroger Co.’s efforts to deliver a seamless shopping experience appear to be paying off as the nation’s largest traditional grocer reported a strong third quarter for its 2017 fiscal year.
Jim Dorey has become president of Price Rite Marketplace, a registered trademark of Keasbey, N.J.-based Wakefern Food Corp., the largest supermarket cooperative in the United States. Dorey succeeds Neil Duffy who retired last October.
Mintel, the world’s leading market intelligence agency, has announced four key trends set to impact the US foodservice market over the coming year. Mintel predicts that 2018 will see the blurring of retail, foodservice, and social media, as well as health and indulgence.
Consumer demand for healthy options and Millennial preferences for adventure and interactive experiences will heavily influence emerging flavor and culinary trends in 2018, according to flavor innovators.