Panera Bread Company / Au Bon Pain
On November 7, Panera Bread Company, a subsidiary of JAB Holdings Company LLC, entered into a definitive agreement to acquire Au Bon Pain Holding Co. Inc. Financial terms of the transaction, expected to close during the fourth quarter, were not disclosed. Lo ... Read more
Sears Holdings
On November 3, Sears Holdings announced it is closing another 63 stores (45 Kmart and 18 Sears) in January. This is in addition to the 330 stores closed in the first nine months of the year and the 28 Kmart locations expected to be shuttered after the holidays. Including these ... Read more
Bon-Ton Stores
Last week, Bon-Ton Stores amended its $880.0 million Tranche A and Tranche A-1 credit facility, which it said provided the Company with immediate flexibility and substantial additional liquidity under its current credit facility. The new agreement eases the excess availability ... Read more
Supervalu
Last Thursday, Supervalu announced results for its second quarter ended September 9, 2017. Overall sales were up 36% based on 58% growth in the Wholesale division, which was mostly attributable to incremental revenue from the acquired Unified business as well as from new customers s ... Read more
New Features Include Real-Time Business Updates and Full Customization GREAT NECK, N.Y. - OCTOBER 20, 2017 AggData is pleased to announce enhancements to its cutting-edge Application Program Interface (API), which creates a seamless data bridge allowing users to integrate a variety of applications...Read more
Kroger
Last week, Kroger said it would explore strategic alternatives for its convenience store business (estimated to be worth $1.50 billion – $2.00 billion), including a potential sale; the Company has hired Goldman Sachs to identify, review and evaluate options. Initial speculation o ... Read more
Ahold Delhaize/Kroger
There is growing speculation that Ahold Delhaize might be considering an acquisition or merger of equals with Kroger, including Twitter speculation suggesting Ahold Delhaize has hired advisers to study a possible bid for Kroger. Ahold merged with Delhaize in July 2016, a ... Read more
Lidl
Lidl has appointed a new executive in Germany to oversee its operations in the U.S., a possible signal of distress over Lidl’s U.S. entrance, according to reports out of Europe. A German business trade newspaper, citing confidential sources, reported that Michael Aranda, the former ... Read more
Albertsons
Last Wednesday, Albertsons Cos. announced its plan to acquire meal-kit delivery service DineInFresh (dba Plated). Launched in 2012, NYC-based Plated will operate as a wholly owned subsidiary of Albertsons. Financial terms of the deal were not disclosed. The transaction is expected ... Read more
Toys "R" Us
Last night, Toys “R” Us, Inc., DIP filed a voluntary Chapter 11 petition in the U.S. Bankruptcy Court in the Eastern District of Virginia. The case was assigned to the Honorable Keith L. Philips under case number 17- 34665. The company indicated that funds will be avai ... Read more
