Canada: Eat Beyond appoints Michael Aucoin, a Senior CPG and Food Industry Veteran, as CEO
Eat Beyond Global Holdings Inc. (“Eat Beyond” or the “Company”), an investment issuer focused on the global plant-based and alternative food sector, is announcing the appointment of Michael Aucoin as the Company’s new CEO, taking the place of Patrick Morris, who has served as Eat Beyond’s CEO since its inception in the Fall of 2019.
US: AWG partners with Coborn’s to expand distribution footprint in Upper Midwest
Associated Wholesale Grocers, Inc. (AWG) and Coborn’s, Inc. (Coborn’s) announced they have reached an agreement for AWG to serve as the primary wholesale supplier to Coborn’s. Based in St. Cloud, Minnesota, Coborn’s is a 100-year-old employee-owned grocery retailer with nearly 9,300 employees and 59 grocery stores across Minnesota, North Dakota, South Dakota, and Wisconsin operating under the Coborn’s, Cash Wise Foods, Marketplace Foods, and Hornbacher’s banners.
US: Albertsons adds Uber delivery to 1,200 stores
Albertsons has added Uber’s grocery delivery service to around 1,200 stores under several of its banners, including Safeway, Jewel-Osco, Acme, Tom Thumb and Randalls, according to an announcement. With the partnership, Uber’s overall grocery service leaps from 100 cities and towns to more than 400 and will be offered nationwide by the end of this year, according to a spokesperson for Uber. The partnership extends the availability of Albertsons’ grocery delivery on third-party marketplaces as it looks to reach more shoppers.
Ahold Delhaize USA’s new Mauldin distribution center gets up and running
Ahold Delhaize USA began operations at its new distribution center in Mauldin, South Carolina, acquired from C&S Wholesale Grocers. ADUSA Supply Chain, the retailer’s distribution arm, said that its first shipments at the Mauldin DC went out to 56 Food Lion supermarkets on July 17. Dairy, fresh and frozen products were the first items to begin shipping from the facility. When fully operational, the DC will fulfill grocery, fresh, frozen, health and beauty care and break-pack shipments for nearly 200 grocery stores, ADUSA reported.
US: Investors bet on grocers like Kroger, Costco as Covid cases spook Wall Street
Shares of grocers, including Kroger, Albertsons and Costco, rose as energy and airlines stocks plummeted on Monday. Brian Yarbrough, a retail analyst for Edward Jones, said some investors are flocking back to tried-and-true pandemic names as they get spooked by rising Covid-19 cases and the return of the mask mandate in Los Angeles. The rise of the delta variant of Covid has complicated predictions about when people will return to pre-pandemic levels of dining out.
Over 500mln ecommerce users in Europe in 2021
Ecommerce in Europe is set to cross a major milestone in 2021, as the number of ecommerce users will probably pass 500mln. The penetration rate is also projected to reach almost 60%. Ecommerce in Europe is becoming more and more popular across the continent and the rest of the world. Data presented by TradingPlatforms shows that there were 480.9mln digital commerce users in Europe last year. And this number is predicted to grow to 506.9mln euros by the end of this year.
National Pact on Plastic Packaging: Carrefour confirms its commitments
To coincide with the publication of the first activity report from the National Pact on Plastic Packaging (View it at https://pacte-national-emballages-plastiques.fr/), the Carrefour Group is reaffirming its commitment to achieving the targets that it has set for itself for 2025: Cutting single-use plastic packaging by 20,000 tonnes; Having recycled material account for 30% of all Carrefour brand packaging; Ensuring that all Carrefour brand packaging is completely recyclable; Furthermore, Carrefour is the first retailer to introduce a deposit system for its grocery products in France in partnership with Loop.
New Zealand: Foodstuffs steps up its South Island online shopping service
Some South Island New World supermarket trucks have hit the road to deliver groceries to customers’ doors. Shoppers can now shop online and get home deliveries. This new service started 2 weeks ago for people in Rangiora. Pak ‘n Save has a new the ‘click and collect’ service but not home deliveries at this stage. “The pilot take-up has been magnificent and much more than we could have ever hoped for,” South Island Foodstuffs spokesman Damian Lynch said.
UK: Tesco has launched a ‘special’ fresh produce deal that will save you 25% for a limited period
After seeing the strongest demand for fruit and vegetables in more than 20 years, Tesco has lowered the price of its summer fruit lines. Tesco has announced the debut of a supermarket bargain on fruit, as well as more heavily discounted fresh goods than ever before. The discount will only be available for another 3 weeks at the grocer. All berries, most stone fruit, and grapes are included in the deal, which saves buyers 25% when they buy 2 lines of fruit.
France: Casino Group extends the maturity of its syndicated credit facility
Casino Group has announced that it has extended the maturity and improved the financial condition of its main syndicated credit facility, initially set to mature in October 2023. The amendment to the loan documentation, signed by all the lenders, will be effective on 22 July. It provides for the extension of the maturity of the facility from October 2023 to July 2026, for an amount of €1.8bln.
UK online grocery sales fall for first time – Kantar
Reuters reported: “Online grocery sales in the United Kingdom fell 2.6% in the 4 weeks to July 11 year-on-year, the first ever fall, as Britons returned to physical stores, workplaces, and restaurants, market researcher Kantar said. The number of people choosing to buy groceries online fell by 81,000 in the period compared with the same four weeks last year, with the value of digital baskets falling 8% to an average of 80 pounds ($109.4) per shop, it said. The channel accounted for 13.3% of the total UK grocery market, down from 13.4% in Kantar’s June report”.
UK: Prospect of Morrisons bidding war recedes
The prospect of a bidding war for UK supermarket Morrisons has receded with the withdrawal of one potential suitor. US investment firm Apollo, which was considering making an offer, has now changed its mind. Instead, it wants to join forces with another consortium whose £6.3bln ($8.7bln) takeover bid has already been accepted. Earlier this month, Morrisons agreed to an offer by another US group led by the owner of Majestic Wine. The takeover bid – led by US private equity firm Fortress Investment Group – is subject to shareholder approval.