Reports: Walgreens launches new line of store-brand food items
DEERFIELD, Ill. — Walgreens recently launched a private-label line of food items to be called Nice!, according to published reports.
The initial products include dried fruit, white rice, baking soda, canned soup, tomato sauce, tea bags and a macaroni and cheese offering. The new store brand is being marketed by way of in-store point-of-purchase material, including ceiling banners, wing displays and play on the pharmacy’s in-store radio.
SABMiller brings takeover bid for Foster’s directly to shareholders
NEW YORK — Looking to expand its business, one of the world’s largest brewers is looking to take over Australian beer company Foster’s Group.
SABMiller said it has extended its takeover bid to Foster’s shareholders through its wholly owned subsidiary, SABMiller Beverage Investments, after the bid was rejected by Foster’s board back in June. At the time, Foster’s board said that the bid, valued at A$4.90 ($5.18) per share in cash — or $10 billion — "significantly undervalues the company in the context of a change of control and, as such, it does not intend to take any further action in relation to it."
Foster’s will report its full-year results next Tuesday.
Chia’s portfolio now touts new omega-3 seeds
SAN FRANCISCO — Joseph Enterprises’ Chia brand has expanded its portfolio beyond its Chia Pet products.
The company said that new Ch-Ch-Ch-Chia omega-3 Chia seeds contain essential fatty acids, fiber, calcium, antioxidants, iron and other nutrients. The seeds are available in a 1-lb. jar or in a 1,000-mg softgel form.
Ch-Ch-Ch-Chia omega-3 Chia seeds now is available at Walgreens, CVS and Supervalu.