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NBC News reports that Greek yogurt manufacturer Chobani is looking to sell 20 percent of the company to either another CPG manufacturer or a private equity group. The goal is to raise money that can help it compete in a segment where competition seems to be growing every day.

The initial discussions value the whole company at around $2.5 billion, the story says.


• The New York Times reports that Chiquita Brands International is acquiring Fyffes, an Irish company that distributes fruit throughout Europe, in an all-stock deal worth about $526 million. According to the story, "the combined company, to be named ChiquitaFyffes, will have about $4.6 billion in annual revenue, shipping about 160 million boxes of bananas a year."

The Times notes that "the deal will potentially give Chiquita some sway over prices. According to the Department of Agriculture, bananas account for more than a quarter of all the fruit eaten in the United States. This country imports 3.8 million to 4.1 million tons a year."


• A just-released report by Kantar Retail reveals that "Target’s database breach in December not only affected the retailer’s fourth quarter comparable store sales but also contributed to plummeting shopper penetration post-holiday.  Kantar Retail ShopperScape data indicates that just 33% of U.S. households reported shopping at Target or SuperTarget during January 2014, the lowest penetration number for Target in the past three years, and a 22% decrease in penetration versus January 2013."

According to the report, "The overall trend in Target’s past four-week shopper penetration has been on a downward trajectory for the past several years.  The retailer’s confirmation in mid-December of a major breach of its guests’ payment information proved a critical moment in exacerbating that decline."


• Ahold has announced that it is acquiring Spar's business in the Czech Republic - 50 stores doing annual sales totaling $607 million (US) - in a move that is described as "in line with Ahold's strategy to expand its geographic reach in both current and adjacent markets, and focus on leading market positions. Ahold has had a presence in the Czech Republic since 1991 and has developed the business under the Albert brand name to become one of the best known food retailers in the country."
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