C&S Wholesale Grocers

Topco Associates announces changes to Board of Directors, Operations Team

Retrieved on: 
Thursday, March 21, 2024
Northeast Grocery, Corporate communication, Associated Food Stores, Fresh, Affiliated Foods, Person, Food City (K-VA-T), Human resources, Leclair, Food industry, Knowledge management, Stater Bros., Knowledge, C&S Wholesale Grocers, Senior, NGI, Retirement, Conference, Growth, Smith, Commodity, Marketing, Curci, Aggregation, Management

While at the conference, the cooperative announced its 2024-2026 Board of Directors while also notifying the membership of changes taking place on its Operations Team.

Key Points: 
  • While at the conference, the cooperative announced its 2024-2026 Board of Directors while also notifying the membership of changes taking place on its Operations Team.
  • K-VA-T Food Stores Inc. President and Chief Executive Officer Steve Smith has been named Topco’s Chairman of the Board.
  • K-VA-T has been a member of Topco since 1995, and Smith and his team have been impactful leaders within the Topco membership.
  • “I’d like to thank Dan for his leadership and productive tenure, and I look forward to working with Rebecca to advance our Operations Team’s objectives,” said Mike Ferguson, Topco Senior Vice President and Operations Team co-chair.

FTC Challenges Kroger’s Acquisition of Albertsons

Retrieved on: 
Tuesday, April 2, 2024
Employment, Negotiation, Albertsons, District court, QFC, Consumer, C&S, Haggen, Pharmacy, Social media, C&S Wholesale Grocers, Blog, News, Acquisition, Safeway, Jewel-Osco, Kroger, Commission, Pavilion, UFCW, CBA, Lawyer, Competition, Attorney, Hearing, Federal Trade Commission, Supermarket, FTC, Retail

For thousands of grocery store workers, Kroger’s proposed acquisition of Albertsons would immediately erase aggressive competition for workers, threatening the ability of employees to secure higher wages, better benefits, and improved working conditions.

Key Points: 
  • For thousands of grocery store workers, Kroger’s proposed acquisition of Albertsons would immediately erase aggressive competition for workers, threatening the ability of employees to secure higher wages, better benefits, and improved working conditions.
  • “This supermarket mega merger comes as American consumers have seen the cost of groceries rise steadily over the past few years.
  • Kroger’s acquisition of Albertsons would lead to additional grocery price hikes for everyday goods, further exacerbating the financial strain consumers across the country face today,” said Henry Liu, Director of the FTC’s Bureau of Competition.
  • A bipartisan group of nine attorneys general is joining the FTC’s federal court complaint.
  • Albertsons also operates thousands of stores across 35 states under regional names including Albertsons, Haggen, Jewel-Osco, Pavilions, Safeway, and Vons.
  • Harm to Consumers In addition to raising grocery prices, the FTC alleges that Kroger’s acquisition of Albertsons would also diminish their incentive to compete on quality.

TEAMSTERS APPLAUD FTC ACTION TO BLOCK KROGER-ALBERTSONS MERGER

Retrieved on: 
Monday, February 26, 2024
Kroger, FTC, C&S, Woman, C&S Wholesale Grocers, International Brotherhood of Teamsters, Albertsons, Corporate America, Retail

WASHINGTON, Feb. 26, 2024 /PRNewswire/ -- The following is a statement from Teamsters General President Sean M. O'Brien and Teamsters Warehouse Division Director Tom Erickson regarding today's announcement by the U.S. Federal Trade Commission (FTC) that it is suing to block the Kroger-Albertsons merger:

Key Points: 
  • WASHINGTON, Feb. 26, 2024 /PRNewswire/ -- The following is a statement from Teamsters General President Sean M. O'Brien and Teamsters Warehouse Division Director Tom Erickson regarding today's announcement by the U.S. Federal Trade Commission (FTC) that it is suing to block the Kroger-Albertsons merger:
    "The Teamsters commend the FTC for taking decisive action against the Kroger-Albertsons merger, recognizing the detrimental impact it would have on workers at both companies.
  • "The choice to work with C&S over the Teamsters exposed the true intentions of this merger.
  • "The FTC saw the harm this merger would have on workers and consumers nationwide and listened to the concerns shared among elected officials, shareholders, consumer advocates, and the general public.
  • Founded in 1903, the International Brotherhood of Teamsters represents 1.3 million hardworking people in the U.S., Canada, and Puerto Rico.

Rackspace Technology Appoints Experienced and Seasoned Executive Mark Gross to Board of Directors

Retrieved on: 
Thursday, February 8, 2024
Slate, SAN, University, Rackspace Technology, Dartmouth College, C&S Wholesale Grocers, Marketing, LLP, Management

SAN ANTONIO, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Rackspace Technology ® (NASDAQ: RXT), a leading end-to-end hybrid, multicloud technology solutions company, today announced the appointment of Mark Gross to its Board of Directors.

Key Points: 
  • SAN ANTONIO, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Rackspace Technology ® (NASDAQ: RXT), a leading end-to-end hybrid, multicloud technology solutions company, today announced the appointment of Mark Gross to its Board of Directors.
  • Gross is an experienced and dynamic leader with over 25 years of broad-based experience, financial expertise, and deep insight into leading business transformations.
  • “We were fortunate to find Mark, a seasoned executive with financial expertise and broad business experience to complement our current Board.
  • We look forward to his guidance, helping to further solidify our market position as the leading hybrid multicloud solutions company,” said Amar Maletira, Chief Executive Officer Rackspace Technology.

CoolSys Appoints Richard “Rich” Wyckoff as President and Chief Executive Officer

Retrieved on: 
Tuesday, February 6, 2024
Construction & Property, Other Construction & Property, Interim, Growth, C&S Wholesale Grocers, HVAC, Rich, Sale, Aramark, Universal, Management

Rick Frier, who has served as Interim CEO and President since February 2023, will remain involved with the business in his role as Chairman of the CoolSys Board.

Key Points: 
  • Rick Frier, who has served as Interim CEO and President since February 2023, will remain involved with the business in his role as Chairman of the CoolSys Board.
  • Mr. Wyckoff is a seasoned executive with more than 30 years of experience leading high-quality service and manufacturing businesses.
  • From 2019 to 2023, Mr. Wyckoff was President and CEO of Arctic Glacier, a leading provider of premium ice products and related services.
  • With the support of Rick, Ares, and the entire CoolSys team, I am energized to help capture the tremendous growth opportunities ahead.”

Albertsons Companies, Inc. Reports Third Quarter Fiscal 2023 Results

Retrieved on: 
Tuesday, January 9, 2024
Food, Beverage, Online Retail, Retail, Supermarket, Specialty, Life, Corporate spin-off, Government, C&S Wholesale Grocers, Public expenditure, Growth, Plan, Sale, Pharmacy, Investment, Net, COVID-19, Depreciation, ACI, Vaccine, C&S, Security (finance)

Albertsons Companies, Inc. (NYSE: ACI) (the "Company") today reported results for the third quarter of fiscal 2023, which ended December 2, 2023.

Key Points: 
  • Albertsons Companies, Inc. (NYSE: ACI) (the "Company") today reported results for the third quarter of fiscal 2023, which ended December 2, 2023.
  • Net sales and other revenue was $18.6 billion during the 12 weeks ended December 2, 2023 ("third quarter of fiscal 2023") compared to $18.2 billion during the 12 weeks ended December 3, 2022 ("third quarter of fiscal 2022").
  • Gross margin rate decreased to 28.0% during the third quarter of fiscal 2023 compared to 28.2% during the third quarter of fiscal 2022.
  • Interest expense, net was $116.3 million during the third quarter of fiscal 2023 compared to $84.3 million during the third quarter of fiscal 2022.

TEAMSTERS CALL ON FTC TO REJECT KROGER-ALBERTSONS PROPOSED ASSET SALES TO C&S

Retrieved on: 
Monday, December 11, 2023
Sale, C&S, NYSE, International Brotherhood of Teamsters, Pension, Risk, Kroger, FTC, Federal Trade Commission, C&S Wholesale Grocers, ACI, Teamster, Albertsons, Grocery store, Pension fund

The Teamsters, representing more than 22,000 members at Kroger and Albertsons nationwide, urge the FTC to reject C&S as a buyer.

Key Points: 
  • The Teamsters, representing more than 22,000 members at Kroger and Albertsons nationwide, urge the FTC to reject C&S as a buyer.
  • Those promises mean nothing if they sell parts of either company to C&S," said Teamsters General President Sean M. O'Brien.
  • "The proposed plan by Kroger-Albertsons is unacceptable and we urge the FTC to reject it."
  • Founded in 1903, the International Brotherhood of Teamsters represents 1.3 million hardworking people in the U.S., Canada, and Puerto Rico.

Albertsons Companies, Inc. Reports Second Quarter Fiscal 2023 Results

Retrieved on: 
Tuesday, October 17, 2023
Retail, Supermarket, Food, Beverage, Investment, COVID-19, Public expenditure, NYSE, Tripura Merger Agreement, C&S Wholesale Grocers, EBITDA, State government, C&S, Vaccination, COVID-19 vaccine, Growth, Plan, Pharmacy, Sale, ACI, Pharmaceutical industry, Video game, Music, Coal, Kroger, Adjustment, Mergers and acquisitions

Albertsons Companies, Inc. (NYSE: ACI) (the "Company") today reported results for the second quarter of fiscal 2023, which ended September 9, 2023.

Key Points: 
  • Albertsons Companies, Inc. (NYSE: ACI) (the "Company") today reported results for the second quarter of fiscal 2023, which ended September 9, 2023.
  • Net sales and other revenue was $18.3 billion during the 12 weeks ended September 9, 2023 ("second quarter of fiscal 2023") compared to $17.9 billion during the 12 weeks ended September 10, 2022 ("second quarter of fiscal 2022").
  • Gross margin rate decreased to 27.6% during the second quarter of fiscal 2023 compared to 27.9% during the second quarter of fiscal 2022.
  • Interest expense, net was $111.9 million during the second quarter of fiscal 2023 compared to $89.8 million during the second quarter of fiscal 2022.

FourKites Recognizes Customers Including Bayer, Big Lots, Reynolds Consumer Products and Others for Outstanding Achievements in Supply Chain Visibility

Retrieved on: 
Wednesday, September 13, 2023
Other Transport, Technology, Other Retail, Transport, Other Technology, Software, Data Management, Logistics, Supply Chain Management, Retail, Hyatt Regency Chicago, The Forgotten Beasts of Eld, Big Lots, Highflyer, Partnership, Golden Kite Award, Haworth, Lake, Multimedia, Golden Kite, DB Schenker, Bayer, Community, Supply chain, HNI Corporation, Visibility, Next Generation Air Transportation System, Land o' Lakes High School, Operations support system, Ecosystem, Supply, Global Alliance for Improved Nutrition, Zebra Technologies, ROI, Reynolds Group Holdings, C&S Wholesale Grocers, Video game, Cargo, Dow

(Photo: Business Wire)

Key Points: 
  • (Photo: Business Wire)
    The Golden Kite Awards recognize best-in-class companies that are leveraging the FourKites® platform to achieve breakthrough results in five categories: Connected Supply Chain, Improved Customer Experience, End-to-End Optimization, Supply Chain Agility and Green Earth.
  • “FourKites capabilities are adding value to our customers and internal stakeholders that have never been seen before,” said Johnny Ivanyi, Supply Chain Senior Director, Global Head of Logistics Excellence at Bayer.
  • USA Truck - DB Schenker received the Supply Chain Agility award for finding unique ways of harnessing FourKites data to uncover cost savings.
  • This annual event, now in its sixth year, assembles shippers, carriers, logistics providers and brokers who are at the forefront of supply chain transformation.

C&S WHOLESALE GROCERS ENTERS INTO A DEFINITIVE AGREEMENT TO PURCHASE 413 STORES AVAILABLE FROM THE KROGER AND ALBERTSONS MERGER

Retrieved on: 
Friday, September 8, 2023
Centerview Partners, Kroger, Piggly Wiggly Carolina Co., QFC, Oliver Cromwell, Mariano's, Grand Union, Albertsons, FTC, Sullivan & Cromwell, Growth, C&S, C&S Wholesale Grocers, Carrs, Retail

KEENE, N.H., Sept. 8, 2023 /PRNewswire/ -- C&S Wholesale Grocers, LLC, (C&S) an industry leader in wholesale grocery supply and supply chain solutions in the United States, has entered into a definitive agreement to purchase 413 stores, eight distribution centers and two offices that have become available due to The Kroger Co. and Albertsons Companies Inc. merger. C&S will acquire QFC, Mariano's and Carrs brand names and the exclusive licensing rights to the Albertsons brand name in Arizona, California, Colorado and Wyoming. C&S will also add five private labels to their current brand portfolio. 1918 Winter Street Partners, an affiliate of C&S Wholesale Grocers, will operate these stores.

Key Points: 
  • C&S will acquire QFC, Mariano's and Carrs brand names and the exclusive licensing rights to the Albertsons brand name in Arizona, California, Colorado and Wyoming.
  • 1918 Winter Street Partners, an affiliate of C&S Wholesale Grocers, will operate these stores.
  • "With more than 104 years in the rapidly changing grocery industry, the foundation of C&S's success has been our ability to innovate.
  • Centerview Partners served as exclusive financial advisor and Sullivan & Cromwell LLP as legal advisor to C&S Wholesale Grocers.