Financial News

NRF’s 2024 Valentine’s Day report found that 53% of consumers plan to celebrate, and overall, consumers plan to spend a total of $25.8 billion to celebrate the holiday.

The Hispanic chain will now be part of the Fresco Retail Group, a consortium specializing in the food and grocery industries.

Yellow Wood Partners’ portfolio company Suave Brands has signed a binding offer to acquire the ChapStick brand from Haleon.

The skin care brand’s current backer, Gryphon Investors, will sell its majority shareholding in the company as part of the transaction.

Nutrabolt will take an ownership stake of approximately 20% in Bloom Nutrition, which is part of a larger $90 million financing.

As part of the acquisition, Sturm will retain a minority stake in the company and continue as its chief product development officer and brand ambassador.

Albertsons' net sales and other revenue was $18.6 billion during the third quarter compared to $18.2 billion during the prior year period.

As part of its plans to review its portfolio and asset rotation program, the company announced that it will sell the organic dairy brands to Platinum Equity.