October 4, 2022 — Hundreds of Sysco employees have gone on strike in the U.S. states of New York and Massachusetts, claiming unfair labor practices and protesting low wages.
About 230 warehouse workers and drivers walked off the job in Syracuse, New York, on 28 September, and around 300 workers walked off the job in Boston, Massachusetts, on 1 October.
December 28, 2018 — Mergers and acquisitions (M&A) is a topic that we’ve really developed our coverage of in the past couple of years, having seen the strong interest from our readers in the developing deals in what is surely one of the world’s most dynamic sectors.
Through the creation of our seafood M&A report in 2017 we developed a number of excellent sources, thanks to whom our coverage has come on leaps and bounds, as can be seen from the stories below, which were among our most-read of the year.
As mentioned in my rundown of our most-read retail and foodservice stories of 2018, two of the biggest stories of the year concerned M&A; one rumored, and one done deal.
In July, multiple sources told our Matilde Mereghetti that US broadline distributor Sysco Corporation was eyeing a deal for Italy’s largest seafood importer, MARR. The deal, if it goes ahead, would add a strong southern European component to Sysco’s business, sources said.
Sysco, based in Houston, Texas, moved into Europe in 2016, announcing a $3.1 billion acquisition for UK-based Brake Bros, which had previously snapped up France’s Davigel.
Sysco representatives had even visited Rimini-based MARR earlier in the year, according to Undercurrent News sources. The sources were not sure whether negotiations were going ahead or, if so, at what stage they were at. This may be one to keep an eye out for in 2019. MARR, however, recently denied there is a plan to sell.