HOUSTON - Sysco Corporation today announced it has signed a letter of intent to acquire Abbott Foods Inc., an independently owned broadline foodservice distributor located in Columbus, Ohio.
BOULDER, Colo. - Wild Oats Markets on Wednesday said it plans to raise $48 million in a private stock offering to open 58 new grocery stores in three years and remodel many of the old ones, the Denver Post reports.
CAMDEN, N.J. - Campbell Soup Company on Wednesday said it will form a new division to align and grow its expanded international businesses. The company also announced that Andrew K. Hughson, president of North American Soup, is leaving the company.
TROY, Mich. - For the first time, Kmart Corporation will publish its weekly advertising circular in Spanish throughout the U.S. The company said it aims to reach hundreds of thousands of Spanish-speaking customers who shop Kmart stores.
PARIS - Global retailer Carrefour SA today reported a 25 percent increase in first-half earnings, but remained cautious for the full year despite its aggressive plan for global store openings, Dow Jones Newswires reports.
ZAANDAM, The Netherlands - Dutch retailer Ahold N.V. today announced its Polish subsidiary Ahold Polska has agreed to acquire five hypermarkets from Jeronimo Martins, Ahold's joint venture partner in Portugal.
BOSTON - A former food broker for Advantage/ESM was convicted on Monday in federal court of receipt of stolen securities and monies taken from Tewksbury, Mass.-based Demoulas Supermarkets, the U.S. Attorney's office reports.
