business news in context, analysis with attitude

• The Los Angeles Times today has a piece about Dole Food, which has changed its business approach by selling its global CPG units and Asian fresh produce business to Itochu Corp., a Japanese firm, for $1.7 billion. That leaves Dole with a "fresh vegetable and fruit businesses in the Western Hemisphere, Europe and Africa" that it believes will have lower lower revenue and higher profits, despite the fact that what remains is potentially more volatile because of weather extremes that can affect cost and yield.

• United Supermarkets announced that it has completed a transaction to acquire Llano Logistics, which has operated United’s two distribution centers – in Lubbock and Roanoke – since their opening. Terms of the deal, which the company said would provide significant cost savings and significant operational efficiencies, were not disclosed.
KC's View: