Month: March 2017

KeyBank announced that it recently closed on a $25 million credit facility with NYM Holding, Inc. (NYM), a fast-growing Asian/Chinese grocery supermarket chain in the northeastern U.S. known for fresh, farm to table foods. Key’s debt financing was an important step in NYM completing its business combination with E-Compass Acquisition Corporation, prior to the company being renamed iFresh, Inc. and trading publicly on NASDAQ under its new name. …

C.A. Fortune, a privately held sales and marketing agency dedicated to serving the consumer products market, is pleased to announce its expansion into the Southwest, with Integrity Sales & Marketing. The transaction expands the C.A. Fortune’s coverage in the Western United States. …

Instacart, an online grocery ordering and delivery service, will begin operating in Bradenton, Sarasota, Holmes Beach, Longboat Key, Palmetto and Parrish on Thursday. …

Meijer Inc. will open its first locations in the Upper Peninsula and remodel six stores throughout Michigan as part of a $375 million investment across its six-state market, the retail chain announced Thursday. …

SpartanNash announced that its Chief Executive Officer and Chairman of the Board of Directors Dennis Eidson plans to retire as CEO following the annual meeting on May 23, 2017. David M. Staples, President and Chief Operating Officer, will succeed Mr. Eidson as CEO; Mr. Staples was appointed to the Board of Directors effective March 2, 2017. Mr. Eidson will continue in his role as Chairman of the Board following his retirement as CEO. …