Food Prices to Keep Going Up, as Costs Surge
By Jaewon Kang and Annie Gasparro June 11, 2022 5:30 am ET Listen to article (2 minutes) Some of the nation’s biggest food suppliers and restaurants, including Kraft Heinz and…
Smithfield Foods, Citing High Costs of Operating in California, to Close Pork Plant
Smithfield Foods Inc., the largest pork processor in the U.S. by volume, is closing an 1,800-person plant in California and shrinking the size of its hog herd in the region,…
Atlas Holdings to Buy Chicken Company Foster Farms
Foster Farms, a West Coast-based chicken company with $3 billion in annual revenue, has agreed to a takeover by private-equity firm Atlas Holdings and will install former Tyson Foods chief…
Kohl’s Enters Exclusive Talks to Be Sold to Vitamin Shoppe Owner
Kohl’s Corp. is in advanced talks to be sold in a deal that could value the department-store chain at roughly $8 billion. The Wisconsin company said it has entered exclusive…
Biden Invokes Emergency Power in Bid to Resolve Solar Import Dispute
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Macy’s, Gap and Other Clothing Stores Are Stuck With the Wrong Items
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to…
Baby-Formula Shortage Expected to Persist Weeks Longer
Baby formula will remain hard to find until at least mid-July, industry executives said, despite efforts by manufacturers, the White House and regulators to ease a monthslong shortage. Abbott Laboratories…
Hormel Says Bird Flu to Squeeze Turkey Supply
The rapidly spreading avian influenza outbreak in the U.S. that has led to the death of nearly 40 million birds is squeezing Hormel Foods turkey flocks, as meat prices hit…
Sycamore, Franchise Group Submit Bids for Kohl’s
Kohl’s Corp. received takeover bids from private-equity firm Sycamore Partners and retail holding company Franchise Group Inc. , according to people familiar with the matter. Sycamore’s bid values the Wisconsin…
Unilever to Add Activist Investor Nelson Peltz to Board
Unilever PLC said it would add Nelson Peltz to its board and disclosed his fund now holds a 1.5% stake, moves that ratchet up pressure on the maker of Dove…
