• The Cincinnati Business Courier reports on how Kroger looked to team up with several private equity groups when it sought to acquire The Fresh Market, which eventually was sold to private equity firm Apollo Global Management.
The effort, experts say, shows that Kroger is very acquisition-minded, with expectations that it likely will look to add to its collection of banners in the near-future.
• Legal Newsline reports that the Public Employees' Retirement System of Mississippi is suing Sprouts Farmers Market, charging that the retailer "failed to disclose to the investing public it was experiencing a significant adverse trend in deflationary pricing that was negatively affecting the company's revenue and outlook for revenue growth. This adverse fact, the complaint states, had a material impact on the company's profitability, and, as a result, the company's stock price fell significantly."
• The Associated Press reports that Trader Joe's and Pepperidge Farm have reached a ‘‘mutually satisfactory resolution’’ of a lawsuit filed by Pepperidge Farm over Trader Joe cookies that it said too closely resembled its iconic Milano brand.
The lawsuit has been withdrawn, and both companies have agreed not to discuss the negotiated solution.
The effort, experts say, shows that Kroger is very acquisition-minded, with expectations that it likely will look to add to its collection of banners in the near-future.
• Legal Newsline reports that the Public Employees' Retirement System of Mississippi is suing Sprouts Farmers Market, charging that the retailer "failed to disclose to the investing public it was experiencing a significant adverse trend in deflationary pricing that was negatively affecting the company's revenue and outlook for revenue growth. This adverse fact, the complaint states, had a material impact on the company's profitability, and, as a result, the company's stock price fell significantly."
• The Associated Press reports that Trader Joe's and Pepperidge Farm have reached a ‘‘mutually satisfactory resolution’’ of a lawsuit filed by Pepperidge Farm over Trader Joe cookies that it said too closely resembled its iconic Milano brand.
The lawsuit has been withdrawn, and both companies have agreed not to discuss the negotiated solution.
- KC's View:
