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Walmart Buying Jet.com For $3 Billion, And More…

Last updated on June 13th, 2024 at 05:02 pm

New Channels News In Brief…

Walmart will buy e-commerce company Jet.com for approximately $3 billion in cash, a portion of which will be paid over time. Additionally, $300 million of Walmart shares will be paid over time as part of the transaction. The acquisition will build on and complement the significant foundation already in place to serve customers across the Walmart app, site and stores and position the company for even faster e-commerce growth in the future by expanding customer reach and adding new capabilities, according to the Bentonville, Arkansas-based retail giant…

Christopher Sliva has been elected president of TreeHouse Foods. Most recently, Sliva served as EVP and COO of TreeHouse Foods and president of Bay Valley Foods. He will now have operating responsibility for both operating companies—Bay Valley Foods and TreeHouse Private Brands. TreeHouse Foods is a manufacturer of packaged foods and beverages with more than 50 manufacturing facilities across the U.S., Canada and Italy that focuses primarily on private label products for both retail grocery and food-away-from-home customers…

general mills freezer to plateGeneral Mills has launched its newest dinner solution, Freezer to Plate—an expansion of The Good Table product line that brings gourmet-style meal preparations to frozen chicken. Freezer to Plate pairs one of four new restaurant-inspired sauce varieties with rice or pasta. Requiring less than five minutes of prep time, Freezer to Plate allows the preparer to add chicken straight from the freezer along with one of four sauce varieties, Lemon Garlic Herb, Marsala, Southwestern or Teriyaki. “Everyone can relate to the frustrations associated with a planned dinner gone wrong, with the classic example of failing to set the chicken out in the morning being a common occurrence,” said Liana Miller, marketing communications planner for The Good Table. “Those collective experiences really served as the inspiration for Freezer to Plate, as we set out to develop a ‘go-to’ product to turn to in those meal planning crunch times.”

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The Shelby Report delivers complete grocery news and supermarket insights nationwide through the distribution of five monthly regional print and digital editions. Serving the retail food trade since 1967, The Shelby Report is “Region Wise. Nationwide.”

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