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...A counter argument — as antitrust specialists at Freshfields pointed out — would be grocery workers are not necessarily specialised workers....
...officer Brian Olsavsky said $640mn had been spent on severance in the fourth quarter of 2022, as well as an additional $720mn on abandoning real estate, primarily due to pulling back on opening new physical grocery...
...Grocery chains such as Sainsbury’s, Aldi, Iceland and Nisa can all brand their small convenience stores “local” in good faith....
...In some places, such as Denver, the merged business would be the sole employer of unionised grocery workers, the FTC said....
...At another failed grocery start-up called Nice Tuan, the founder turned over the legal representative position in December to a 65-year-old man....
...The price of quitting After graduating from a Shanghai university in 2022, self-described introvert Yao joined the grocery operations of the city’s fastest-rising tech giant, Pinduoduo....
...Japan, UK, US: S&P Global flash manufacturing and services purchasing managers’ index (PMI) data Japan: Chain Stores Association March supermarket sales UK: ONS March public sector finances and Kantar grocery...
...They helped more than offset the weak market reception to groups such as grocery delivery company Instacart, which is still well underwater....
...Now, the French tycoon’s tight grip over the debt-crippled grocery empire has backfired, the FT reports....
...Ocado has told investors it will pause the construction of more automated distribution centres in the UK, the latest sign of a pullback in demand for online grocery delivery....
...January, close to our plan in February and then moved significantly lower than our plan in March, as retail sales contracted, and we saw a shift in consumer spending . . . discretionary sales are lagging grocery...
...US grocery chain Kroger is in talks to buy rival Albertsons in a deal that would bring together two of the country’s largest supermarkets and test the Biden administration’s antitrust policies....
...Kroger has agreed to acquire rival Albertsons for $24.6bn in a deal that would create one of the US’s largest grocery store chains if it can overcome significant antitrust hurdles....
...The shelf life of US grocery deals can be a long one....
...Those opposed to the consolidation are putting up a spirited-fight, arguing that the deal will be bad for grocery prices, grocery workers and cities and towns across America....
...Online groceries group Ocado was a top target for many years. Short sellers can get their fingers burnt when shares rise sharply and then scramble to secure stock to cap their losses....
...“If Uber has an ad network — billboards on cars that previously didn’t have billboards, and is providing advertising opportunities when you’re getting groceries or food through restaurants — then they’re...
...“I told him I had tested it with my wife, and we figured you need a store every 300 metres or so because city residents can’t carry heavy groceries much farther,” Zouari recalled....
...Everson then joined Instacart as president but left the grocery delivery app after just three months. Media reports at the time claimed she clashed with the leadership there over the scope of her role....
...We can actually have two hands to carry our groceries or keep our kids from running out into the street, or whatever it is we’re trying to do. So that would be a huge win....
...Rolls-Royce is one of the largest manufacturers in the UK, employing just under 20,000 people at its plants across the country, including at sites in Derby and Bristol....
...Instacart files for IPOInstacart, the grocery delivery app that saw an explosion in demand during the pandemic but recently cut its internal valuation by 38 per cent to $24bn, said it had submitted its confidential...
...Instacart, an American player in the apparently newfangled world of instant grocery delivery, slashed its valuation by almost 40 per cent from $39bn to $24bn two weeks ago....
...Bristol-based Cinead McTernan got the go-ahead to write her book on growing city vegetables just as the UK entered its first lockdown in spring 2020....
...The process to settle a £10bn takeover tussle for grocery chain Wm Morrison will also be carried out under a time constraint, though it should create less mess....
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