Food Roundup: Busch-InBev Cuts U.S. Jobs, Whole Foods Sues FTC, McDonald's Sales Spike, And More
Anheuser Busch-InBev Cuts 1,400 U.S. Jobs — The world’s largest brewer announced a restructuring that will reduce its workforce by 2,000. Most of the U.S. cuts come at the company’s corporate headquarters. [Source: Bloomberg News]
Whole Foods Sues FTC — The premium grocer says the agency has repeatedly erred in its probe of Whole Foods‘ merger with Wild Oats. The FTC’s challenge to the deal continues even though most Wild Oats stores have been absorbed into the company. [Source: Reuters]
McDonald’s Sales Way Up Thanks to Recession — Worldwide, same-store sales were up 7.7 percent in November. But a stronger dollar crimped systemwide revenues. [Source: Bloomberg News]
Trian Partners Boosts Stake in Wendy’s/Arby’s — The private equity firm run by activist investor Nelson Peltz said it will spend $205 million to take its share in the company from 11 percent to nearly 22 percent. Triarc Companies, which was run by Peltz, and which operates Arby’s, bought Wendy’s in a deal that closed in September. [Source: AP]
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