• Bristol Farms announced that it will open its fifth Lazy Acres store on October 13, on the border of Manhattan Beach and Hermosa Beach, California, and will introduce “an all new, experiential shopping venue devoted to fresh foods, clean ingredients, healthy lifestyle, and community partnership.” It also “will feature unique interactive elements including a live, working beehive; a fully-equipped, state-of-the-art demonstration and instruction kitchen which will host regular classes and special chef appearances; an expansive wellness section featuring the finest products in beauty, nutrition and much more; and, local merchandise from well-known local retailers who share similar lifestyle philosophies.”
The announcement notes that “Lazy Acres is also currently in the process of becoming a ‘Blue Zones Designated Grocery Store,’ including working closely with Beach Cities Health District to ensure the healthy choice is the easy choice for customers.”
• Price Rite stores, part of the Wakefern co-op, announced what it is calling “the next step in its go-to market strategy with a pilot program focused on special deep discounts, enhanced fresh offerings and an improved shopping experience at three of its Pennsylvania stores in Bethlehem, Allentown and Secane … The three-store program combines a new store design with quality products and deep discounts, including the all-new Price Rite Marketplace ‘Drop Zone.’ The Drop Zone has been designed as a unique in-store destination, where customers will find extraordinary deals, special surprise buys and must-have products typically priced $3 or less.”
• The Wall Street Journal reports that Campbell Soup “is in talks to sell its fresh-foods business including Bolthouse Farms to investors led by that brand’s former chief executive … Jeff Dunn, who helped a private-equity firm sell Bolthouse to Campbell six years ago for $1.55 billion, subsequently co-founded and remains an investor in Campbell’s venture-capital fund, Acre Venture Partners. He also had served as president of Campbell’s fresh-food unit.”
This would be a case of “sell high, buy low.” Campbell bought Bolthouse for $1.55 billion, but probably would sell it for between $500 million and $700 million, the story says.
The announcement notes that “Lazy Acres is also currently in the process of becoming a ‘Blue Zones Designated Grocery Store,’ including working closely with Beach Cities Health District to ensure the healthy choice is the easy choice for customers.”
• Price Rite stores, part of the Wakefern co-op, announced what it is calling “the next step in its go-to market strategy with a pilot program focused on special deep discounts, enhanced fresh offerings and an improved shopping experience at three of its Pennsylvania stores in Bethlehem, Allentown and Secane … The three-store program combines a new store design with quality products and deep discounts, including the all-new Price Rite Marketplace ‘Drop Zone.’ The Drop Zone has been designed as a unique in-store destination, where customers will find extraordinary deals, special surprise buys and must-have products typically priced $3 or less.”
• The Wall Street Journal reports that Campbell Soup “is in talks to sell its fresh-foods business including Bolthouse Farms to investors led by that brand’s former chief executive … Jeff Dunn, who helped a private-equity firm sell Bolthouse to Campbell six years ago for $1.55 billion, subsequently co-founded and remains an investor in Campbell’s venture-capital fund, Acre Venture Partners. He also had served as president of Campbell’s fresh-food unit.”
This would be a case of “sell high, buy low.” Campbell bought Bolthouse for $1.55 billion, but probably would sell it for between $500 million and $700 million, the story says.
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