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food
Government, Business, Safety, Logistics, Private, Global Freight

Red Sea Attacks Disrupt Food Trade, Risk Higher Grocery Costs

Fresh food in U.K.

Chaos in the Red Sea is starting to disrupt shipments of produce from coffee to fruit — and threatening to halt a slowdown in food inflation that brought some relief to strained consumers.

Bloomberg News
January 19, 2024
Business, Technology, Logistics

DoorDash’s 86% Jump Adds to Blistering Year for Unicorn IPOs

Image

Shares of unprofitable food delivery platform DoorDash Inc. surged 86% in their trading debut Dec. 9, in the latest sign of investor exuberance in what already has been a record year for IPOs.

Crystal Tse and Katie Roof | Bloomberg News
December 9, 2020
Business, Technology, Logistics

Delivery Startup DoorDash to Seek Up to $2.8 Billion in IPO

Image

DoorDash Inc., the biggest U.S. food delivery company, is seeking to raise as much as $2.8 billion in an initial public offering that’s part of an end-of-year U.S. listings rush.

Bloomberg News
November 30, 2020
Government, Business, Safety, Logistics

Smithfield Goes On Defensive Over COVID-19 Response

Image

Smithfield Foods Inc. is defending its efforts to keep employees safe and supply food to the nation during the coronavirus pandemic.

Elizabeth Rembert and Mike Dorning | Bloomberg News
August 3, 2020
Business, Safety, Top 100

JBS to Shut Down Minnesota Pork Plant After COVID-19 Outbreak

Image

JBS SA, the world’s top meat company, will shutter its pork processing facility in Minnesota following an outbreak of the coronavirus, adding to concerns that slaughterhouse logjams will tighten meat supplies for consumers.

Jen Skerritt and Michael Hirtzer | Bloomberg News
April 20, 2020
Government, Business, Logistics, TCA

Kroger CEO: ‘There’s Plenty of Food in the Supply Chain’

Image

Kroger CEO Rodney McMullen urges the public to remember that the grocery business deals in perishable goods and is set up to constantly ship and refill store shelves.

Alexander Coolidge | Cincinnati Enquirer/The Columbus (Ohio) Dispatch
March 18, 2020
Business

Apollo Offers $1.1 Billion to Buy Back Smart & Final Stores

Image

Apollo Global Management is getting back into the grocery business in a big way.

Daniel P. Bearth | Staff Writer
April 22, 2019
Business, Technology

FoodMaven Secures $10 Million Funding Round

Image

FoodMaven, which provides an online marketplace for oversupplied, out-of-spec and local food, has closed a $10 million round of funding, the Colorado Springs, Colo., startup said.

January 29, 2019
Business

H.I.G. Capital Acquires Lipari Foods

Image

Global private equity firm H.I.G. Capital has acquired Lipari Foods from Sterling Investment Partners, per a Jan. 8 press release. Financial terms were not disclosed.

January 16, 2019
Business, Logistics

MonarchFx Launches Fulfillment Systems for Food and Beverage Sector

June 27, 2018

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