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Supermarket & Grocery Industry News

  • Vendors Say Fleming Can't Touch Money They Are Owed

    NEW YORK - A number of produce and packaged food providers to Fleming Cos Inc. on Thursday said the bankrupt grocery distributor could not use the money they are owed, citing a Depression-era law.
  • Penn Traffic Partners with NeXpansion

    SYRACUSE, N.Y. - Penn Traffic is bringing thousands of hard-to-find foods, personal care products and baby supplies to customers of its 212 supermarkets, thanks to a new partnership with neXpansion.
  • Food Suppliers Questioned on Rebates Paid to Ahold

    NEW YORK - At least four major foodmakers -- Kraft Foods, Tyson Foods, General Mills and H.J. Heinz -- have acknowledged that they are cooperating with federal investigations into possible accounting fraud at U.S. Foodservice, Ahold's food distribution business.
  • Ahold Pulling Out of South America

    ZAANDAM, The Netherlands - Ahold today said it intends to divest its operations in Brazil, Argentina, Peru, and Paraguay, in order to concentrate on its mature and most stable markets and generate funds to pay down debt.
  • Fleming gets $50 million commitment in interim financing

    NEW YORK -- Bankrupt grocery distributor Fleming Cos. said secured a commitment for $50 million in interim funding as a bridge until it gets its $150 million debtor-in-possession financing.
  • ACNielsen Cites 62 'Global Mega Brand Franchises'

    New York, NY - Today's global consumers connect with brand franchises that symbolize trust, offer a specific expertise, and group products logically, according to a study released today by ACNielsen, the world's leading marketing information company.
  • Fleming Files for Chapter 11 Bankruptcy

    NEW YORK - Less than two months after losing its biggest supply contract to Kmart Corp., Fleming Cos. Inc. filed for bankruptcy protection this morning, according court papers filed in Delaware.
  • Fleming Seeks Alternate Financing, Requests Extension to File '02 Financials

    NEW YORK - Fleming Cos. is reportedly talking to vendors about "near-term liquidity constraints" while it seeks alternative financing which, if it does not receive, may cause uncertainty about its ability to do business, Reuters reports.
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