Last updated on November 10th, 2015 at 04:09 pm
New Channels News In Brief…
Target Corp. has its eyes on partnering with companies to provide more consistent fresh food to its stores. “There is an opportunity to use some partners who may be able to do things a little bit better,” said John Mulligan, COO of Target. Target needs to change its system to avoid shortages. Mulligan said that, while the company has upped food sales by focusing on healthy food trends, the fresh food supply chain has fallen short in many areas of the U.S. …
Catterton, a consumer focused private equity firm, and The Hain Celestial Group, an organic and natural products company, recently made significant investments in Chopt Creative Salad Co. “I have had the great opportunity to get to know the Catterton team through their other restaurant investments, serving on the board of Mendocino Farms Sandwich Market with Catterton partner Jon Owsley, and I have long been impressed with their strategic approach to building great brands,” said Nick Marsh, CEO of Chopt. “Similarly, Hain Celestial has been a critical partner to Chopt for years. In support of our belief that ‘Better Tastes Better,’ Chopt was one of the first restaurant companies in our segment to serve natural antibiotic-free Free-Bird Chicken, BluePrint Juice, Terra Chips and other Hain Celestial products. They have demonstrated a commitment to natural, local and organic food that matches the Chopt philosophy.” Founded in 2001 by Tony Shure and Colin McCabe, Chopt focuses on fast-casual salads, with 32 restaurants in New York, Washington, D.C., and North Carolina…
One of the executives at the center of the 2014 drama surrounding New England’s Market Basket supermarket chain, Felicia Thornton, has been named CFO and treasurer of 99 Cents Only Stores. In a news release discussing Thornton’s work experience, 99 Cents Only referred only to Market Basket under its corporate name, DSM Inc. (short for DeMoulas Supermarkets Inc., Market Basket).
