SAN FRANCISCO, Aug. 28, 2024 /PRNewswire/ — GrubMarket BB #:301166, a leading food tech e-commerce company, today announced the acquisition of FreshGoGo, one of the largest online e-commerce platforms for Asian grocery and specialty foods in North America. This acquisition strengthens GrubMarket’s position in the fast-growing online grocery delivery market and solidifies its position as […]
Innovation is the foundation of every industry, including the food and beverage industry. What has enabled increased production to accommodate growing populations? Innovation. What has helped extend the shelf life of products, such as through vacuum packaging? Innovation. What has helped eradicate foodborne bacteria through technologies such as germicidal ultraviolet light? Innovation. And the list […]
GrubMarket, the $3.6 billion food delivery and supply chain startup backed by Tiger Global, BlackRock and nearly 100 other investors, has added another food delivery startup to its consolidation spree: It is acquiring FreshGoGo, a New York-based B2C platform that sells Asian groceries and prepared meals. Terms of the deal are not being disclosed, but […]
PORTLAND, Oregon (AP) — Supermarket chain Albertsons told a federal judge Monday that it may have to lay off employees, close stores and even pull out of some markets if its planned merger with Kroger is not approved. The two companies had proposed the largest supermarket merger in U.S. history in October 2022. But the […]
Photo: Shutterstock These have been busy months, especially in the second half of 2024, when there was a wave of mergers and acquisitions that shook the industry. I’m talking about Casey’s acquisition of CEFCO in the summer and Alimentation Couche-Tard’s acquisition of Giant Eagle’s great GetGo chain. Both deals involved portfolios of over 200 stores […]
1:43 p.m. on August 20, 2024 CDT Freebirds World Burrito, a fast-casual burrito shop based in Texas, has a new owner. Farmers Branch-based Sun Holdings, the second-largest franchise organization in the U.S., has acquired the chain for an undisclosed sum, a press release said. Founded more than 30 years ago, Freebirds is headquartered in Austin […]
Mergers and acquisitions in the US oil and gas industry rose 57% last year, a report by Ernst & Young. Increased consolidation activity followed record profits and intensified competition for a limited amount of unused resources. According to the report, the value of M&A deals last year was $49.2 billion, up from $31.4 billion the […]
According to Ernst & Young, M&A activity is expected to continue this year and into 2025, driven by further mega-deals | Photo: Reuters 3 minutes reading time Last updated: August 20, 2024 | 11:34 am IS Deal activity in the oil and gas industry rose 57 percent last year as energy companies increased spending on […]
Laval, Quebec, Canada – August 19, 2024 – Alimentation Couche-Tard Inc., a global leader in convenience and mobility, today announced that it has entered into a definitive agreement to acquire GetGo Café +Markets from supermarket retailer Giant Eagle, Inc. BB No.: 104280 GetGo, an innovative convenience store that puts food at its core, employs approximately […]
Have game show prizes been adjusted for inflation? What you need to know. Do game show prizes keep up with inflation? What the original $1 million prizes are worth now. Democratic presidential candidate Kamala Harris is expected to announce plans to combat food inflation through a federal ban on gouging in food prices, but economists […]
