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Discounter names new food and beverage VPs
Target is bringing on talent from Walmart and General Mills to accelerate its food and beverage strategy. Mark Kenny will join Target as VP divisional, meat and fresh prepared food where he will oversee the meat, seafood, deli, bakery and prepared food categories. Kenny joins Target from Walmart, where he most recently was the senior director of private brands, deli and bakery. -
Moody's: Amazon to ‘kick start’ its grocery business with purchase of Whole Foods Market
Moody's Investor Services is feeling positive about Amazon's plans to acquire Whole Foods Market. The ratings agency assigned the deal a Baa1 rating and revised Amazon’s credit outlook to positive from stable, reported Marketwatch. The report also said that Amazon is planning to issue up to $16 million in debt to fund the online giant's acquisition of Whole Foods.

