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Instacart Makes it Easier for Customers to Save On Groceries with Acquisition of Eversight
Instacart, the leading grocery technology company in North America, today announced it has acquired Eversight, an AI-powered pricing and promotions platform for CPG brands and retailers. Since its founding in 2013, Eversight has brought CPG brands and retailers technologies tailor-made for the grocery industry, enabling brands and retailers to unlock optimal promotions and pricing that propel their business and create more compelling savings opportunities for customers.
Through Eversight's AI-powered, experimentation-based platform, CPG brands and retailers can continuously test customized pricing and promotions...
Sysco Completes Acquisition of the Coastal Companies
Sysco Corporation, the leading global foodservice distribution company, announced today it has completed the acquisition of The Coastal Companies, a leading fresh produce distributor and value-added processer. The acquisition will operate as part of FreshPoint, Sysco’s specialty produce business, and enables FreshPoint to enhance its service to the important Mid-Atlantic region, strategically diversify its portfolio by adding retail and ready-to-eat capabilities and adds state-of-the-art facilities with capacity for growth.
Founded in 1992 and based in Laurel, MD, The Coastal Companies generates annual revenue of approximately...
Update from Special Committee of Pilgrim’s Pride
The Special Committee of the Board of Directors of Pilgrim’s Pride Corporation today provided an update to the full Board of Directors of Pilgrim's Pride on the status of discussions with JBS S.A. regarding JBS's unsolicited proposal to acquire all of the outstanding shares of common stock of Pilgrim's Pride that JBS does not currently own for $26.50 per share in cash, which was previously announced on August 13, 2021.
The Special Committee has carefully and thoroughly reviewed the proposal from JBS in consultation with its financial and legal advisors...
Instacart Acquires FoodStorm
Instacart, the leading online grocery platform in North America, today announced its acquisition of FoodStorm, a SaaS order management system (OMS) that powers end-to-end order-ahead and catering experiences for grocery retailers. With this acquisition, Instacart is expanding its enterprise technology portfolio to further support its retail partners' ecommerce needs, investing in more innovative technology solutions that help retailers grow, compete, and better meet the evolving needs of their customers.
The process for ordering prepared foods from grocers typically requires customers to call the store or place an order in-person - a labor-intensive and...
ANALYSIS: Shell Egg Prices Crack New Record Highs Amid Strong Demand, Depleted Inventories
This Week in Retail: Seasonal Trends Start to Shift
Urner Barry Releases September Soy & Wheat Report
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Urner Barry Releases August Emerging Plant Protein Report