We took this action to implement the comprehensive reorganization and recapitalization that we announced on November 8, 2019. We are pleased to have received overwhelming support from our creditors for our plan. ” …
As a result of a portfolio review, Kroger has decided to divest its interest in Lucky’s Market and recognized a non-cash impairment charge of $238 million in the third quarter, and the portion of this charge attributable to Kroger is $131 million. …
When Ben Campbell started out with The New York Produce Show and Conference, he was a professor at the University of Connecticut. During the event, Ben and his students participated in our University Interchange program, which provides a forum for university professors to share cutting-edge research with the trade and thus help fulfill their mission to disseminate knowledge, while also providing an educational and mentorship program for students. He found the program so valuable, that when he moved on to the University of Georgia he asked if we would expand the program. Which we did. …
With the shared goal to increase produce consumption at restaurants, Tim York joined us when we launched the Ideation Fresh Foodservice Forum, co-located with The New York Produce Show and Conference. This year that event, held on Friday, December 13, is focused on menu-planning, and we asked Pundit Investigator and Special Projects editor Mira Slott to talk with Tim. …
Sunions, America’s first tearless and sweet onion, are shipping to retailers this week. Using a certification process unique to the onion category, a sensory panel determines the ship date of Sunions by following a tightly-controlled protocol including three separate tests for both flavor and tearlessness. “We don’t release the Sunions until fully approved by the sensory panel.” Said Crop Sales Manager, Lyndon Johnson. …
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