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• The New York Times reports that Kraft Heinz has decided to walk away from its rejected $143 billion takeover bid for Unilever rather than pursue a "public and possibly costly fight against Unilever, a bulwark of British and Dutch business.

"Instead, the two consumer goods giants said on Sunday that Kraft Heinz had withdrawn its takeover bid after an agreement on friendly terms. As a joint statement from the companies put it, 'Kraft Heinz has the utmost respect for the culture, strategy and leadership of Unilever'."

• The Associated Press reports that Swedish supermarket ICA has begun experimenting with what is called "natural branding," which uses "low-energy carbon-dioxide lasers to remove the pigment from the outer skins of fruits and vegetables" - essentially branding them with, "in this case the product’s name, country of origin and code number - similar to the way hot irons brand cattle. If its test is successful, ICA, which has 1,350 stores across Sweden, hopes to cut down on the stickers and packaging it now uses to identify its organic produce."

• bfresh, a small-format, fresh food-driven urban concept created by a separate division within Ahold Delhaize, has opened its third store, an 11,000 square-foot unit in Somerville, Massachusetts.

The first of the concept opened in Allston, Massachusetts, in September 2015, and another store is operating in Brighton, Massachusetts. (There was a short-lived suburban version in Fairfield, Connecticut, that the company pulled the plug on once it was determined that it was not a good fit.)
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