Bruegger’s Bagels acquires Timothy’s restaurant
Boca Raton, Fla. Private investment firm Sun Capital Partners said Friday that Timothy’s Coffees of the World has been purchased by Green Mountain Coffee Roasters for about $157 million in cash.
Immediately prior to the purchase, Timothy’s sold its franchise restaurant operation to Bruegger’s Enterprises, another Sun Capital portfolio company, which operates fast casual neighborhood bakery-cafes in 24 states.
The restaurant operation includes 139 locations across Canada doing business under the Timothy’s World Coffee, Michel’s Baguette Bakery Cafe, and mmmuffins brands, as well as Levain Bakery, a high-end specialty bakery. The Bruegger’s acquisition of the Timothy’s retail operation not only expands the company’s footprint into Canada, but also adds new distribution channels for the Bruegger’s kettle-boiled bagels.
Meijer looks to win toy price game
GRAND RAPIDS, Mich. Meijer is attempting to position itself as the toy leader this week, by claiming its toy book has the lowest prices on several popular items this year.
In a comparison of the top 95 toys among such leading retailers as Meijer, Walmart, Target and Toys ‘r Us, Meijer said it outdid its rivals in terms of low prices by a substantial margin. The 95-toy sample showed that Meijer’s cumulative prices were $68.19 less expensive than Walmart’s; $181.21 less than Target’s, and $187.32 less than Toys’R’Us.
The company noted that, for example, it is offering the Playskool Monty Rex for $54.99, which is price in Walmart’s toy book at $64.00, in Target’s at $58.99 and Toys’R’Us’ at $59.99.
“The annual toy books are the first salvo in what promises to be a very competitive season in retailing,” said Jeff Handler, SVP marketing for Meijer. “We’re sending a strong message with our toy book that we will be competitive with any national retailer on toy prices this holiday season. In fact, our toy book shows us meeting or beating national players on 90% of identical toys.”
Target finds natural beauty with Sonia Kashuk brushes
MINNEAPOLIS Target announced that it is offering an exclusive line of Sonia Kashuk natural beauty brushes.
The Limited Edition Natural Brush Collection are made of bamboo, cork and wood and feature a mix of natural hair and synthetic fibers. Items in the collection range from $12.99 to $19.99.