Consumer Sector Update: March 23, 2011

Published on Wed, 03/23/2011 - 15:07
By Stephanie Shyu in General Interest, BKS, KKD, SYY, acquisition, barnes noble, bks, bookstore, buyer, buyout, consumer, donut, doughnut, food, franchise, kkd, krispy kreme, m&a, merger, purchase, sale, sector, shares, stock, sysco, syy, Consumer Sector Report
acquisition, barnes noble, bks, bookstore, buyer, buyout, consumer, donut, doughnut, food, franchise, kkd, krispy kreme, m&a, merger, purchase, sale, sector, shares, stock, sysco, syy

Consumer shares are higher in mid-day trading while Barnes & Noble (BKS) shares are down after the company appeared likely to end its months-long search for a buyer without a sale of the company, Bloomberg reported citing five people with knowledge of the bidding process. Meanwhile, Krispy Kreme Doughnuts (KKD) announced Wednesday that it plans to sign a supply chain distribution agreement with Sysco (SYY), a distributor of food and related products primarily to the foodservice or food-away-from-home industry.

By Stephanie Shyu
sshyu@fnno.com

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