Industry news: Campbell continues to sell assets, and 7-Eleven's Beyond Meat pizza

We rundown the recent moves made in the grocery industry in Canada and around the world
9/5/2019

A quick look at what happened this week in grocery:

PARTNERSHIP

On-demand grocery delivery service Inabuggy expanded its partnership with CAA. CAA Rewards members save $10 on their first order and $5 on every additional order when using a valid membership number at checkout. Inabuggy already offers grocery delivery discounts to CAA’s On the Move members.

PRODUCT LAUNCH

7-Eleven is the latest retailer to serve up Beyond Meat products. The convenience store chain has added the Beyond Meat Pizza to its Hot to Go menu at select locations in downtown Toronto. According to a press release, "the hand panned Beyond Sausage and Roasted Veggie Pizza is made with Beyond Meat Italian Sausage Crumbles, fire-roasted vegetables and delicious Canadian cheese."

STORE OPENING

Whole Foods Market reportedly has plans to open a small concept store (30,000 sq. ft.) in Fairfax, Virginia as it shifts its focus to the in-store experience and away from slashing prices. Though it pulled the plug on its smaller-format 365 stores earlier this year, The Wall Street Journal has said Whole Foods planned to open a new grocery chain. Could this be it?

DIVESTITURE 

Campbell Soup Company is selling its European Chips Business--which includes UK-based Kettle Foods Limited and Netherlands-based Yellow Chips B.V.--to Valeo Foods for approximately US$80 million. The company has spent much of this year selling assets to pay down debt. In April it sold Bolthouse Farms for $510 million and three months later sold its international baked snacks division for US$300 million.

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