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Fresh Take: Food Businesses Feel The Pressure
I’m feeling the transition to fall and, dare I say it, the start of the end-of-the-year rush. How about you? I almost can’t believe the crunch is already hitting me, but it is and there’s a lot to discuss. A couple of headlines that grabbed my attention this week: General Mills is ditching its yogurt business, and the dairy giant Lactalis (discussed in my Sargento feature last week) is more than happy to pick it up for $2.1 billion. Then, BurgerFi became the latest restaurant chain to go bankrupt.
Many food businesses are struggling right now, and after a first half of the year which one investor described to me as “a vulture’s market,” the survivors are........
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