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Food, Drinks & Grocery Retailers News

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General Mills net sales up 6% for Q2 in 2012
By RBR Staff Writer
American food company General Mills has reported 6% increase in net sales to $48.82bn for the second quarter (Q2) ended 25 November 2012, compared to $4. 62bn in 2011.
Specialist Retailers > Food, Drinks & Grocery Retailers > News
Vitamin Shoppe to acquire assets of specialty retailer Super Supplements for $50m
By RBR Staff Writer
Specialty retailer and direct marketer of nutritional products Vitamin Shoppe has entered into a definitive agreement to purchase the assets of the vitamin, mineral and supplements (VMS) retailer Super Supplements for approximately $50m.
Specialist Retailers > Food, Drinks & Grocery Retailers > News
Total Produce to acquire 65% stake in Grandview Ventures
Ireland based retailer and distributor of fresh vegetables and fruits Total Produce has agreed to acquire a 65% stake in Canadian fresh produce distributor and marketer Grandview Ventures.
Specialist Retailers > Food, Drinks & Grocery Retailers > News
Caribou Coffee approves $340m takeover bid by Joh. A. Benckiser Group
By RBR Staff Writer
US based specialty coffee and espresso retailer Caribou Coffee Company has entered into a definitive merger agreement with a privately held German holding company, Joh. A. Benckiser Group (JAB).
Specialist Retailers > Food, Drinks & Grocery Retailers > News
Yogurtland to open 50 outlets in Australia
US-based frozen yoghurt chain, Yogurtland, has inked a store development deal with entrepreneur Paul Siderovski to open 50 new outlets in Australia.
Specialist Retailers > Food, Drinks & Grocery Retailers > News
Starbucks proposes to pay £20m corporation tax to mitigate unfair tax allegations, faces flak
By RBR Staff Writer
International coffee chain Starbucks has proposed to end the ongoing backlash against its tax payments in UK by agreeing to pay £20m as corporation tax over the next two financial years.
Specialist Retailers > Food, Drinks & Grocery Retailers > News
Kesko aims for €500m net sales by 2017, to open food stores in Russia
By RBR Staff Writer
Finland-based retail conglomerate Kesko has announced its plans to accelerate growth in Russia, aiming for net revenues of €500m by the end of 2017.
Specialist Retailers > Food, Drinks & Grocery Retailers > News
Restaurant chain Wingstop to open 50 outlets in Russia
By RBR Staff Writer
American restaurant chain Wingstop has signed a new master development agreement with Baxtor to open 50 outlets across Russia over the next ten years.
Specialist Retailers > Food, Drinks & Grocery Retailers > News
Chilean retailer Cencosud to focus on organic growth
By RBR Staff Writer
Chilean retail major Cencosud plans to halt its acquisition spree and revert focus to organic growth and lowering its debt.
Specialist Retailers > Food, Drinks & Grocery Retailers > News
Starbucks agrees to pay greater share of taxes, as UK lawmakers step up pressure
By RBR Staff Writer
Global coffee chain Starbucks has reached an agreement with UK lawmarkets to increase its rate of corporation tax in the country following the public outrage that was caused due to charges of not paying fair share of tax for 14 years.
Specialist Retailers > Food, Drinks & Grocery Retailers > News
Saputo to acquire Morningstar for $1.45bn, expand footprint in US
By RBR Staff Writer
Canada-based producer, marketer and distributor of dairy products Saputo has inked a definitive agreement with Dean Foods to acquire its subsidiary, Morningstar Foods (Morningstar) for a total consideration of $1.45bn.
Specialist Retailers > Food, Drinks & Grocery Retailers > News
Starbucks in talks with revenue, customs departments in UK regarding tax arrangements
By RBR Staff Writer
International coffee chain Starbucks is in talks with the Departments of Revenue and Customs and the Treasury in the UK over its tax liabilities, as pressure mounts over the coffee chain to pay more taxes.
Specialist Retailers > Food, Drinks & Grocery Retailers > News
Cielito Querido Cafe to expand retail network in Mexico
By RBR Staff Writer
Mexican cafe chain Cielito Querido Café plans to double its retail outlets by 2013 end, in a move to expand its brand identity.
Specialist Retailers > Food, Drinks & Grocery Retailers > News
US Patent and Trademark Office dismisses Dunkin Donuts best coffee trademark
By RBR Staff Writer
The US Patent and Trademark Office (USPTO) has dismissed a petition by international coffeehouse and doughnut chain Dunkin' Donuts to trademark the phrase ‘Best Coffee in America.’
Specialist Retailers > Food, Drinks & Grocery Retailers > News
Resturant chain EAT plans to open 100 new restaurants in UK
By Adam Dempsey
UK-based restaurant chain EAT plans to strenghten its presence in the country by doubling its store count to over 200 by 2016.
Specialist Retailers > Food, Drinks & Grocery Retailers > News
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