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Mergers and acquisitions

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.

Retailers

Chicago's Tony's Fresh Market Acquired by Apollo Global Management

By Diane Adam on Apr. 21, 2022

The grocery retailer has been family-owned and operated since its founding more than 40 years ago, and the founding family will partner with Apollo, both in management roles and as shareholders, going forward.

Industry Partners

IRI to Merge With NPD Group

By Steve Holtz on Apr. 07, 2022

Data firms will combine CPG, general merchandise, foodservice and food consumption data capabilities.

Retailers

Save Mart Has a New Owner

By Diane Adam on Mar. 28, 2022

Kingswood Capital Management LP, a Los Angeles-based private equity firm, has acquired the Modesto, Calif.-based grocer.

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