Foodservice News & Media
Ferrerro to acquire ice cream maker Wells Enterprises
December 8, 2022
The Ferrero Group, a Luxembourg-based sweet-packaged food company with over 35 brands sold in more than 170 countries, will acquire Wells Enterprises, owner of…
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United Natural Foods lifts Q1 2023 sales, earnings slide
December 7, 2022
United Natural Foods Inc. lifted its Q1 2023 sales over the prior year period while suffering an earnings decline, according to an earnings release. Highlights…
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Campbell Soup boosts Q1 2023 results, surpasses expectations
December 7, 2022
Campbell Soup Co. increased its net and organic sales 15% in Q1 2023, due to inflation-driven pricing, brand strength and continued supply recovery, according…
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Splash Beverage adds 9 Southeast US wholesale distributors for Tapout
December 7, 2022
Splash Beverage Group Inc., a portfolio company of beverage brands, has reached agreements with nine beverage distributors across the southeastern U.S. for the…
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How to make pantry service profitable amid growing demand
by Elliot Maras — Editor, Kiosk Marketplace & Vending Times
The labor shortage has boosted the demand for pantry service for many employers. Operators must recognize that while sales potential is high, profitability is…
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JM Smucker to build Ohio R&D facility
December 6, 2022
The J.M. Smucker Co., which owns Folgers, Dunkin' and other consumer brands, will construct an R&D facility focused on testing new product innovation and…
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PT Holdings rebrands, reorganizes as Parts Town Unlimited
December 6, 2022
PT Holdings, the parent company of Parts Town, a global provider of foodservice equipment parts, residential appliance parts, HVAC parts and related products…
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Second Nature Brands acquires Brownie Brittle
December 6, 2022
Second Nature Brands, a U.S.-based creator of better-for-you snacks controlled by CapVest Partners LLP, has acquired Brownie Brittle, a brownie snack brand…
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Arabica coffee prices dip, but future remains cloudy
December 6, 2022
Coffee prices have declined since August, but the future remains cloudy due to a number of factors, according to a report from The Food Institute.
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Coolgreens, Cash2Bitcoin among execs discussing profitability strategies at SSIS
December 5, 2022
With more sales channels reaching out for the consumer's dollar, convenience services has become more competitive than ever, and operators can no longer count…
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Aramark names Abigail Charpentier to replace retiring Lynn McKee as HR chief
December 5, 2022
Abigail Charpentier, right, will replace retiring Lynn McKee. Lynn McKee, executive vice president for human resources at Aramark Corp., has…
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Congress approves legislation to avert rail strike
December 5, 2022
Congress passed legislation last week to codify a contract with the railroads to avoid a rail strike and supply chain disruptions, according to the National…
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Sodexo reorganizes into 3 geographic zones
December 1, 2022
Sodexo Group has reorganized its on-site services, effective Oct. 1, 2022, with regions and countries consolidated into geographic zones, according to a press…
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Hormel Foods reports record 2022 sales
November 30, 2022
Hormel Foods Corp. finished fiscal 2022 nearly 10% above 2021 despite a Q4 decline caused by a shorter quarter, according to an earnings release. Highlights…
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Harbor Wholesale acquires MTC Distributing
November 29, 2022
Harbor Wholesale, a wholesale foodservice distributor based in Lacey, Washington, has acquired Modesto, California-based MTC Distributing Co. for an…
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Don’t miss: Digital transformation and choosing the right technology
November 28, 2022
A host of new technologies — artificial intelligence, computer vision, machine learning and other technologies — offer convenience services operators new tools…
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Lavazza to acquire MaxiCoffee
November 28, 2022
Lavazza has agreed to acquire France-based MaxiCoffee for an undisclosed sum to strengthen its position in France and in e-commerce, according to Reuters.
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US Foods names Dave Flitman CEO
November 28, 2022
Dave Flitman US Foods Holding Corp. has named Dave Flitman chief executive officer, effective Jan. 5, 2023, according to a press release.
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Compass Group lifts 2022 sales and profits, surpasses 2019 levels
November 21, 2022
Compass Group, which owns Compass North America and Canteen Vending Services Inc. in the U.S., boosted its 2022 revenue and profit over the prior year…
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Kraft Heinz taps Diageo’s Janelle Orozco for procurement
November 21, 2022
Janelle Orozco The Kraft Heinz Co. has named Janelle Orozco to the role of chief procurement officer, North America, according to a press release.
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