- Pathmark revealed that the unnamed private equity firm that has made offers to buy the company – which would compete with the investment in Pathmark proposed by Yucaipa Cos. – has made another offer to buy the food retailer. Pathmark’s board, however, remains in favor of the Yucaipa bid.
- USA Today reports that “the average retail price for a pound of choice beef rose to $4.25 in April, the second-highest month ever…up five percent from the same month last year and 17 percent from two years ago.” Prices are expected to remain high through the rest of the year, according to experts.,
- The Uniform Code Council (UCC) has announced that it will change its name to GS1 US, effective immediately. Founded more than 30 years ago by leading retailers in the grocery industry, GS1 US represents more than 260,000 companies in 25 different industries in the United States.
"Now united with a single brand, the global standards community is poised to help companies accelerate their adoption and implementation of standards that will improve their supply chain efficiencies," said Miguel Lopera, CEO of GS1 and GS1 US. "As the world business community begins to work more closely together, businesses have to adapt in many ways. Global standards are key in helping businesses speed collaboration among trading partners around the world."
- California Grocers Association (CGA) President Peter Larkin has been given the Food Marketing Institute (FMI) Donald H. MacManus Association Executive Award, in recognition of Larkin’s “extraordinary leadership in public affairs.”
Announcing the award, FMI CEO Tim Hammonds noted that “over the years, Peter and the California Grocers Association have reformed countless laws and regulations with common sense improvements, and have proactively enacted programs that benefit the industry, consumers and the state.”