News
Carvana to lay off 2,500
May 11, 2022
Carvana Co., an e-commerce platform for buying and selling used cars online that offers a car vending machine, plans to lay off about 2,500 employees…
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Selecta Group boosts Q1 sales, earnings despite continued pandemic impact
May 11, 2022
Selecta Group, a Sweden based route service provider of convenience services in Europe, lifted sales by 16.7% to €276.6 million ($291.03 million) in Q1 202…
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Chicken Soup for the Soul Entertainment to acquire Redbox for $375M
May 11, 2022
Chicken Soup for the Soul Entertainment, Inc., an operator of advertising-supported video-on-demand streaming services, has agreed to acquire Redbox…
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Sysco posts strong Q3 2022 sales, earnings
May 11, 2022
Sysco Corp. posted strong sales and earnings for Q3 2022 against the prior year period, according to an earnings release. Highlights include:
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Kellogg reports strong Q1 2022 results, raises FY guidance
May 10, 2022
Kellogg Co. reported net sales growth for Q1 2022 led by snacks, international momentum and positive price/mix, according to an earnings report. The company is…
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General Mills names general counsel
May 10, 2022
Karen Wilson Thissen Karen Wilson Thissen will join General Mills Inc. as general counsel and corporate secretary, effective June 6, 2022.
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US Foods seeks new CEO
May 10, 2022
The US Foods Holding Corp. has announced that CEO Pietro Satriano will be leaving the company, according to a press release.
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Carvana acquires Adesa’s US physical auction business for $2.2B
May 10, 2022
Carvana, an e-commerce platform for buying and selling used cars online that offers a car vending machine, has acquired Adesa's U.S. physical auction business…
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Coffee consumption linked to lower kidney injury risk
May 10, 2022
Persons who consume large amounts of coffee have a lower risk for acute kidney injury, according to data published in Kidney International Reports.
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Hefty Robusta harvests reported in Brazil
May 10, 2022
Robusta coffee harvests in Brazil are improving as fields reach maturity, according to a Reuters report.
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Darigold names COO, chief customer officer
May 10, 2022
Kristi Kanga Darigold Inc., a Seattle-based farmer-owned dairy co-op, has hired Kristi Kangas as its chief operating officer, and promoted executive…
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Farmer Brothers improves Q3 2022 sales, earnings
May 9, 2022
Farmer Brothers lifted its sales for Q3 2022 over the prior year period and reduced its loss, according to an earnings report. Highlights include:
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Tyson Foods lifts Q2 2022 sales, earnings
May 9, 2022
Tyson Foods Inc., which owns Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, idp and State Fair brands, lifted its Q2 2022 sales and earnings over the…
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Mashgin raises an additional $62.5M
May 9, 2022
Mashgin, a Palo Alto, California based manufacturer of a touchless self-checkout system powered by AI and computer vision, has raised $62.5 million in Series B…
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ME Group teams with Digitz.me on omnichannel solution for vending
May 9, 2022
ME Group, a London based provider of vending equipment, has partnered with French technology startup Digitiz.me, an omnichannel solution dedicated to the…
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Kansas lawmakers vote to reduce vending food taxes
May 9, 2022
The Kansas House and Senate have passed a law to cut the state sales tax on food, including food sold through vending machines, from 6.5% to 4% from Jan. 1…
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TouchTunes and AMI explore merger
May 6, 2022
TouchTunes and AMI Entertainment Network, suppliers of digital jukeboxes to the bar and restaurant market, are exploring a potential combination of the two…
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365 Retail Markets acquires Australia VMS firm
May 6, 2022
365 Retail Markets, a provider of self-service commerce technology to the foodservice industry, has acquired Sentry, an Australia-based vending and micro…
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Aramark to debut mobile 'smart store' at Stanley Cup Playoffs
May 6, 2022
On Saturday, Aramark Sports + Entertainment and Capital One Arena will bring the latest in foodservice innovation to fans during the Stanley Cup Playoffs with…
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Transaction Network Services introduces POS terminals for cashless, self-service payment
May 6, 2022
Transaction Network Services, an Infrastructure-as-a-Service organization, has introduced point-of-sale terminals that form part of the TNS acceptance product…
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