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Home Depot’s $5 billion purchase of an unsexy building products distributor is a prime example of smart M&A

Earlier this week, Home Depot said one of its business units was buying building-products distributor GMS for some $4.3 billion, prevailing in a bidding war and showing just how seriously the home improvement chain is about winning the market for professional contractors at a time the do-you-it yourself market is tough going. GMS, whose name … Read more

Whole Foods warns of shortages after cyberattack at its primary distributor UNFI

Whole Foods told its employees that the ongoing outages and disruptions at its primary distributor, United Natural Foods (UNFI), may take “several days to resolve.” The Amazon-owned retail giant told staff in an internal communication, seen by TechCrunch, that UNFI was experiencing a “nationwide technology system outage,” which UNFI has for its part described as … Read more

Whole Foods tells staff cyberattack at its primary distributor UNFI will affect product availability

Whole Foods told its employees that the ongoing outages and disruptions at its primary distributor, United Natural Foods (UNFI), may take “several days to resolve.” The Amazon-owned retail giant told staff in an internal communication, seen by TechCrunch, that UNFI was experiencing a “nationwide technology system outage,” which UNFI has for its part described as … Read more

Ongoing cyberattack at US grocery distributor giant UNFI affecting customer orders

U.S. grocery distribution giant United Natural Foods (UNFI) said on Tuesday it is working to restore its capabilities following a cyberattack last week that continues to disrupt the grocery supply chain.  UNFI said as part of its third quarter earnings report that it was “diligently managing through the cyber incident” it confirmed on Monday. The … Read more

Major US grocery distributor warns of disruption after cyberattack

United Natural Foods (UNFI), a major distributor of groceries to Whole Foods and other retailers, said on Monday that it was hit by a cyberattack, warning of disruptions to its ability to fulfill and distribute customer orders.  UNFI said in a Monday filing with the U.S. Securities and Exchange Commission that it became aware of … Read more

An early Joby Aviation backer might soon be its biggest distributor in Saudi Arabia

Joby Aviation has reached a tentative deal with investor and Saudi Arabian conglomerate Abdul Latif Jameel (ALJ) to distribute up to 200 electric aircraft valued at about $1 billion over the coming years.  If finalized, the partnership could provide Joby with a fast path to monetizing its electric vertical takeoff and landing vehicles in Saudi … Read more

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