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Safeway Plans IPO for Gift-Card Unit

Safeway

Supermarket chain Safeway SWY +4.30% is planning to spinoff its gift-card subsidiary Blackhawk Network with an IPO next year, only months after saying that wasn’t in the cards. The plan, revealed in a short press release with scant details, calls for a minority stake to be sold in Blackhawk.

 

General Mills, Kroger pull peanut butter items

General Mills, Kroger pull peanut butter items

General Mills Inc. and grocers Kroger Co., Safeway Inc. and Meijer Inc. have joined the list of companies pulling items with peanut butter amid a nationwide salmonella outbreak.

 

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