Weis Markets Inc. is planning a $90 million capital program for technology, distribution and manufacturing projects, six superstores, 15 additions and 17 remodelings. The plans are centered around the Lehigh Valley, Easton area in Pennsylvania, a lucrative market for Weis.
Nestle S.A. will seek out acquisitions in high-margin, high-growth areas such as nutrition in order to grow its business globally, said chairman and CEO Peter Brabeck at the company's annual general meeting. In the past, Nestle focused on smaller acquisitions and juggling its existing portfolio.
Burger King Corp. Chairman and CEO Greg Brenneman is resigning his posts as the quickservice chain moves to transition its leadership ahead of its planned IPO. Brenneman will head private-equity firm TurnWorks Inc.
A bipartisan group of lawmakers has proposed a bill that would restrict soda and certain snack foods in schools. "Junk food sales in schools are out of control," said Sen. Tom Harkin, D-Iowa, citing the risk of a "future of obesity and diet-related disease." Food industry representatives said removing certain foods from schools without addressing the need for more exercise will be ineffective.
Arla Foods' products are reappearing at more than 30 Middle East retailers after a boycott over satirical cartoons of the Prophet Mohammed in daily newspapers. "We're delighted that our largest Saudi customers have decided to lift the boycott," Arla's executive director said.