Convenience Store News

NOV 2016

Issue link: http://magazine.csnews.com/i/753555

Contents of this Issue

Navigation

Page 18 of 129

WWW.CSNEWS.COM | NOVEMBER 2016 | Convenience Store News 19 competitive watch supplier tidbits n Anheuser-Busch InBev closed on its $100-billion-plus acqui- sition of SABMiller plc. The combined company will have operations in just about every major beer market. n Molson Coors Brewing Co. closed on its transac- tion for SABMiller's 58-percent stake of MillerCoors LLC. This deal was a result of Anheuser-Busch InBev's acquisition of SABMiller, completed Oct. 10 n British American Tobacco plc (BAT) offered to acquire Reynolds American Inc. (RAI) for $47 billion. The RAI board of directors, consistent with their fiduciary duties, is evaluating the bid. BAT already owns 42.2 percent of RAI. n NJOY Inc. filed for Chapter 11 bank- ruptcy protection, citing the market per- formance of its second-generation Kings disposable e-cigarette in 2013-2014 and costs associated with a subsequent relaunch of the NJOY brand. Its filing also mentions "substantial expenses" related to the new deeming rule. n The Hershey Co. Chairman, President and CEO John P. Bilbrey will retire from the company effective July 1. He will continue as non-executive chairman of Hershey's board of directors following his retirement. n Debra A. Crew, currently president and chief operating officer of R.J. Reynolds Tobacco Co., has been named president-elect and CEO-elect of Reynolds American Inc., effective Jan. 1. Current RAI President and CEO Susan Cameron will become executive chairman of the board of directors. n Premier Manufacturing, the consumer products division of U.S. Tobacco Cooperative Inc., reached an agreement to purchase 100 percent of the stock of King Maker Marketing Inc. from its parent company ITC Limited. The deal includes nationally distributed value cigarette brands Ace, Checkers, Gold Crest and HiVal. n AdvancePierre Foods completed an acquisition of Allied Specialty Foods Inc., a manufacturer of raw and cooked beef and chicken Philly steak products, from Steven Zoll. The deal carried a $60-million price tag. n Convenience dis- tributor Eby-Brown Co. LLC rebranded its proprietary Wakefield foodservice line. Along with the existing lineup of sandwiches, Wakefield will now feature healthier options, such as fresh parfaits. n Noble Roman's Inc., franchisor and licensor of Noble Roman's Pizza, signed an agreement with TMC Franchise Corp. to be a preferred supplier for its franchised Circle K, Kangaroo Express and On the Run banners. This encompasses approximately 800 U.S. locations. n Walmart is scaling back new store growth, instead choosing to ramp up its e-commerce platform. The retailer's total unit growth for small-format stores will be 161 in fiscal year 2016, a projected 70 in fiscal year 2017, and a projected 20 in fiscal year 2018. n Uber discontinued its "Instant Delivery" lunch service in many major U.S. cities. The service, part of Uber's UberEats app, launched one year ago and was originally incorporated into its traditional transportation app. n McDonald's Corp. is testing break- fast Happy Meals at 73 restaurants in Tulsa, Okla. If the test is suc- cessful and expands to a national rollout, it would mark the first new Happy Meal entrée in more than 30 years.

Articles in this issue

Links on this page

Archives of this issue

view archives of Convenience Store News - NOV 2016