Save A Lot Reaches Agreement with Substantial Majority of Lenders to Recapitalize Business

January 7, 2020 Save A Lot

Save A Lot, a U.S. discount grocer, today announced that it has reached an agreement with a substantial majority of its lenders to recapitalize the business and deleverage its balance sheet. An infusion of new capital will support the Company’s operations and the acceleration of its business transformation plan.

Affluent Consumers Favor Fresh, Local, and Simple Food Brands, reports Packaged Facts

January 7, 2020 Packaged Facts

Where affluent consumers grocery shop, how they grocery shop, and which food and beverage products and brands they purchase cause them to have a disproportionate impact on the bottom line of brick-and-mortar supermarkets and grocery stores.

First There Was Shark Tank – Now There is “Kosher Tank”

January 7, 2020 Kashruth Council of Canada

Brought to you by the Kashruth Council of Canada – better known by their kosher symbol as “COR” – Kosher Tank invites start up food entrepreneurs to pitch their ideas to our sharks. Contestants can win free kitchen time at Kitchen 24 – a state of the art 30,000 square foot shared kitchen facility located in Toronto, along with COR kosher certification. Winners will also get guaranteed placement in a participating grocery store.

Walmart Leverages Offline Data in its Latest Bid to Take on Amazon

January 7, 2020 George P. Slefo. AdAge

The company’s ad tech arm, Walmart Media Group, introduced Advertising Partners, a new unit that includes third-party vendors Flywheel Digital, Kenshoo, Pacvue and Teikametrics.

Lidl to Invest $ 100M, Create 270 Jobs For Georgia Regional Distribution Center

The German discount grocery chain will build a regional distribution center in Covington that involves a $100 million investment and 270 new full-time jobs.