Red Sea Attacks Disrupt Food Trade, Risk Higher Grocery Costs
Chaos in the Red Sea is starting to disrupt shipments of produce from coffee to fruit — and threatening to halt a slowdown in food inflation that brought some relief to strained consumers.
January 19, 2024DoorDash’s 86% Jump Adds to Blistering Year for Unicorn IPOs
Shares of unprofitable food delivery platform DoorDash Inc. surged 86% in their trading debut Dec. 9, in the latest sign of investor exuberance in what already has been a record year for IPOs.
Delivery Startup DoorDash to Seek Up to $2.8 Billion in IPO
DoorDash Inc., the biggest U.S. food delivery company, is seeking to raise as much as $2.8 billion in an initial public offering that’s part of an end-of-year U.S. listings rush.
November 30, 2020Smithfield Goes On Defensive Over COVID-19 Response
Smithfield Foods Inc. is defending its efforts to keep employees safe and supply food to the nation during the coronavirus pandemic.
JBS to Shut Down Minnesota Pork Plant After COVID-19 Outbreak
JBS SA, the world’s top meat company, will shutter its pork processing facility in Minnesota following an outbreak of the coronavirus, adding to concerns that slaughterhouse logjams will tighten meat supplies for consumers.
Kroger CEO: ‘There’s Plenty of Food in the Supply Chain’
Kroger CEO Rodney McMullen urges the public to remember that the grocery business deals in perishable goods and is set up to constantly ship and refill store shelves.
Apollo Offers $1.1 Billion to Buy Back Smart & Final Stores
Apollo Global Management is getting back into the grocery business in a big way.
FoodMaven Secures $10 Million Funding Round
FoodMaven, which provides an online marketplace for oversupplied, out-of-spec and local food, has closed a $10 million round of funding, the Colorado Springs, Colo., startup said.
January 29, 2019H.I.G. Capital Acquires Lipari Foods
Global private equity firm H.I.G. Capital has acquired Lipari Foods from Sterling Investment Partners, per a Jan. 8 press release. Financial terms were not disclosed.
January 16, 2019