Mergers and acquisitions

Industry Partners

Deal or No Deal? Grubhub CEO Downplays Talk of Sale

After Grubhub reportedly saw interest from grocery private-equity power player Apollo Global Management as well as the company's founder, current CEO says all options remain on the table.

Walmart

Walmart Takes Majority Stake in Symbotic

The retailer last month expanded its partnership with warehouse automation specialist Symbotic, which will see its tech implemented in all 42 of Walmart's regional distribution centers.

This week we're scanning a strong first quarter for Kroger, some notable grocery M&A activity, new stores and new markets for Grocery Outlet and BJ's Wholesale Club, and a big scale-back for another instant delivery startup.

Once the deal is completed, Cardenas will be combined with Tony’s Fresh Market, which Apollo acquired in April; the companies will continue to operate under their respective brands and local leadership.

Shop-N-Save Food Centers was a longtime SpartanNash distribution customer; SNS stores have been rebranded as Family Fare locations.

The deal, expected to close by mid-July, will expand Cardenas' presence in Southern California.

The purveyor of functionality-focused beverages (and carrots) said the acquisition of Starbucks' Evolution Fresh brand extends its commitment to offering "high-quality, nutrient-dense juices."

Cencosud, with funds managed by an Apollo Global Management affiliate, will acquire a 67% stake in The Fresh Market Holdings, which operates 160 grocery stores in 22 states.

With the acquisition of Brady’s Meats & Foods in Fremont, Neb., Cubby’s now has seven supermarkets under its belt. "Grocery is an important category for us as we grow the company," COO Mike Wilson said.

Grubhub's order volumes and transaction values were down 5% year over year in the first quarter, and an activist investor has been urging the business' sale to a major online grocery player.

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