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Kroger Issues Statement Regarding Carl Icahn's Intent to Nominate Two Director Candidates
The Kroger Co. today announced that Carl Icahn has submitted an intent to nominate two director candidates – Alexis C. Fox and Margarita Paláu-Hernández – to stand for election to the Kroger Board of Directors at the Company's 2022 Annual Meeting of Shareholders. The date for the Annual Meeting has not been announced. Kroger shareholders are not required to take any action at this time.
The Company issued the following statement:
The Kroger Board and management team maintain regular communications with shareholders and other stakeholders on a range of...
NCBA Pleased to See Next Steps in Processing Capacity Funding
Today, the U.S. Department of Agriculture (USDA) announced the availability of up to $215 million in grants and resources as part of a continued effort to strengthen the meat and poultry processing sector and create a more resilient food supply chain. NCBA appreciates the Administration’s efforts to expand and diversify processing capacity and looks forward to working with USDA to ensure proper implementation of the funds...
GrubMarket Raises $200 Million Series E to Accelerate Profitable Growth and IPO Readiness
GrubMarket, a San Francisco-based food technology company with a mission to digitally transform the American food supply chain industry, announced today that it has raised $200 million in a massively oversubscribed Series E funding round from Tiger Global Management, funds and accounts managed by BlackRock, Liberty Street Funds, Apeira Capital, Japan Post Capital, Celtic House Asia Partners, We Capital and Walleye Capital, among other unnamed participants. This round values GrubMarket at over $1.2 billion.
"GrubMarket has already achieved an annual run rate of..."
North American Meat Institute: Labor Shortage Driving Inflation
In Testimony submitted to the House Agriculture Committee, the North American Meat Institute (Meat Institute) today said the labor shortage continues to challenge the nation’s food supply chain raising the cost of all food for consumers.
“Just six weeks ago, the Biden Administration tried to blame the meat and poultry industry for the rising cost of food,” said Julie Anna Potts, President and CEO of the North American Meat Institute. “Today, the Congress will hear from other food manufacturers, shippers, input suppliers, growers and retailers enduring the same labor shortages up and...
NCBA Supports Additional USDA Funding for Beef Supply Chains
Today, the U.S. Department of Agriculture (USDA) announced an additional $100 million investment into the food supply chain infrastructure. The National Cattlemen’s Beef Association (NCBA) supports this step to prioritize the expansion of beef processing capacity and dedicate further resources to build a more resilient cattle industry.
“Our number one goal at NBCA continues to be opening up new opportunities for cattle producers to be profitable,” said NCBA Vice President of Government Affairs Ethan Lane. “The pandemic accentuated a number of vulnerabilities within our supply chains—chiefly the choke point..."
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
Urner Barry Releases September Pulse Protein Report
Urner Barry Releases August Emerging Plant Protein Report