Supersizing the supermarkets; discounters and mergers alter balance of power
Article Abstract:
On one hand there is Kroger about to acquire Fred Meyer and about to become the largest supermarket chain in the country with combined 1997 sales of $43 billion. Second in line will be Albertson's and American Stores; combined 1997 sales were $34 billion. On the other hand are David Skogen's six supermarks in LaCrosse, Wisconsin, willing to fight the good fight with Wal-Mart that many others have lost. Then there is everyone else in between in the continual evolution of the grocery business.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1998
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Hershey to sell pasta business and focus on sweeter profit
Article Abstract:
Hershey Foods Corp. is looking for a buyer for its pasta lines of business even though Hershey is the leader in pasta sales in the US. The company wants to concentrate on its confectionery and related businesses. Annual sales have been about $400 million, which is also the anticipated selling price. Hershey's pasta brands include Ronzoni, Mrs. Weiss and San Giorgio. Borden seems to be a possible buyer.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
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