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Daily Archive: April 25, 2011

Tesco’s U.S. Retailer “Fresh & Easy” Regroups After Tough Year

Fresh & Easy, the U.S. retail brand owned by U.K. supermarket group Tesco PLC, lost $300 million in its fiscal year ended February 26th. The loss came despite a 38.1% jump in sales during the year. Tesco attributed the performance to a struggling economy that forced 13 of its more than 160 stores to close in October 2010, in addition to its acquisition of two fresh food suppliers, 2 Sisters and Wild Rocket Foods. Continue reading →

Posted in News on April 25, 2011

Foley Family Wines Makes New Move Down Under

Through its New Zealand operation, California-based Foley Family Wines has acquired a non-controlling stake in Wineinc, an Australian wine group known for brands such as Gotham, Wine Men of Gotham, Stalking Horse and StepXStep (SXS in the U.S.), among others. Continue reading →

Posted in News on April 25, 2011

News Briefs for April 25, 2011

• Fred Cooper, a longtime spirits and wine wholesaler in the Chicago area, passed away on April 23rd at the age of 74. Cooper spent more than 50 years in the beverage alcohol industry and was most recently vice chairman of Wirtz Beverage Illinois. Previously, Cooper was president of Continental Distributing Co for 17 years, which Wirtz Beverage Group acquired in 1996. Continue reading →

Posted in News on April 25, 2011