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Mergers and acquisitions

Industry Partners

Deal or No Deal? Grubhub CEO Downplays Talk of Sale

 By Joe Guszkowski on Jun. 30, 2022

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

 By Christine LaFave Grace on Jun. 21, 2022

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.

Retailers

The Scan: Friday, June 17, 2022

By WGB Staff on Jun. 17, 2022

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.

Retailers

Apollo Funds to Acquire Cardenas Markets

By Kristina Hurtig on Jun. 14, 2022

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.

Retailers

SpartanNash Buys Three-Store Michigan Grocery Chain

By Christine LaFave Grace on Jun. 14, 2022

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

Retailers

Cardenas Markets to Acquire 6 Rio Ranch Market Stores

By Kristina Hurtig on Jun. 09, 2022

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

CPG

Bolthouse Farms to Acquire Starbucks Juice Brand

By Jonathan Maze on May 25, 2022

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."

Retailers

South American Retail Conglomerate to Take Majority Stake in The Fresh Market

By Christine LaFave Grace and Kristina Hurtig on May 11, 2022

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.

Retailers

C-Store Retailer Cubby’s Picks Up a Grocery Store

By Kristina Hurtig on May 06, 2022

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.

Technology

What's Next for Grubhub? Parent Company Explores a Sale of the Business

By Joe Guszkowski on Apr. 21, 2022

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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