Brian L. Milne, Refined Fuels Editor, Telvent DTN Pricing data from the federal government shows retail gasoline prices were averaging just 4 cents below May’s 18-month high in early November, a time of year when gasoline prices are usually under downward pressure. Wholesale gasoline costs for the week-ended today (11/15) were mixed, likely arresting an…
Dos Equis Rolls Out Limited Release Winter Variety Pack
Dos Equis, the fastest growing import brand, is introducing this holiday season a new limited edition Dos Equis Winter Variety Pack. The 24-bottle pack combines Dos Equis, the hottest-selling Mexican import brand with Noche Buena, the top selling winter seasonal in Mexico. Noche Buena is a super-premium, limited run craft beer that has been enjoyed…
Tim Hortons Shuts 36 Stores
Tim Hortons Inc. has closed 36 stores and plans to shut 18 kiosks in southern New England, the Buffalo News reported. The Oakville, Ontario-based company closed all its locations in Rhode Island, Massachusetts and Connecticut last week, as it reported a 21% rise in third-quarter profits. In addition, Tim Hortons closed two of its stores…
Thorntons To Donate $1 Million
Thorntons has pledged $1 million dollars to 21st Century Parks, a nonprofit organization that creates new parks for Louisville, Ky. Thorntons Inc. is a locally-based and owned company in Louisville, Ky., and has been a long-standing supporter and provider for this community. “We are very excited to support this project,” said Matt Thornton, president and…
Business-For-Sale Marketplace Flat
While the business-for-sale market has bottomed out, it is experiencing a very slow recovery, BizBuySell.com, an Internet marketplace for buying or selling a small business, reported with the release of its third quarter 2010 economic data. According to the BizBuySell.com Insight Report data, the number of closed transactions nationwide in Third Quarter 2010 was 1,117,…
Shriber Joins PetroProperties & Finance
PetroProperties & Finance LLC is welcoming Ken Shriber, managing director of Petroleum Equity Group LTD. of Chappaqua, N.Y., to its team of petroleum professionals. Serving in the capacity of region vice president, Shriber and his company will exclusively represent PetroProperties & Finance from Delaware to Maine. “Ken brings to the PetroProperties & Finance network the…
BBU Acquires Sara Lee’s Bakery Business
Bimbo Bakeries USA (BBU) announced that its parent company Grupo Bimbo, S.A.B. de C.V. has acquired the North American Fresh Bakery business of Sara Lee Corp. “This transaction demonstrates Grupo Bimbo’s commitment and singular focus on baking,” said Gary Prince, BBU president. “Our goal is to build a U.S. bakery business that provides the highest…
FDA Proposes Rules on Cigarette Warnings Labels
On Nov. 10, 2010, the FDA’s Center for Tobacco Products issued a 140 page document titled “Required Warnings for Cigarette Packages and Advertisement Proposed Rule,” which modifies the current cigarette package warning labels and also requires color graphic warnings to accompany the new text warnings, the National Association of Tobacco Outlets (NATO) reported. The FDA…
Tax On Reservation Cigarettes On Hold
A federal judge has sided with New York in the latest ruling over the state’s plans to tax most Indian reservation smokeshop sales, but collection of the tax is on hold for now, the New York Post reported. U.S. District Judge Richard Arcara in Buffalo, N.Y. denied a request to block the state from collecting…
Awards Ceremony, Humanitarian Effort Highlight Thorntons’ Annual Meeting
By John Lofstock, Editor “The work we do everyday to satisfy and exceed our customers’ expectations is a result of the outstanding work of the people in this room and I’m proud to work alongside all of you.” That was the message sent last night by Matt Thornton, president and CEO of Thorntons Inc., the…