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US Foods Holding Corp. (formerly known as U.S. Food service) is an American food service distributor founded in 1989. With approximately $24 billion in annual revenue, [ 4 ] US Foods was the 10th largest private company in the US up until its IPO.
In July 2022, it became the first cooperative society in the UAE to be listed on the Dubai Financial Market. [7] In preparation for the 2020 Ramadan period during the ongoing COVID-19 pandemic, the company signed contracts exceeding AED 400 million (US$108 million) with suppliers to ensure adequate food availability throughout the month. [10]
Even short-term disruptions to shipments could snarl the broader US food supply chain, according to experts and food importer. The beef sector could see ripple effects if the strike disrupts ...
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The company was founded in 1947 [11] by Bill (William) Moore and Frank Streeter and began as a small meat company to supply products to Los Angeles area restaurants and hotels. It is a 100% management-owned and -operated company. [11] In the early 1950s, it started providing meat products to McDonald's Corporation. [12]
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In 2013, the group established a joint venture agreement with Gourmet Gulf, [102] a food and beverage retail company. Majid Al Futtaim now co-owns the development and franchise rights to food brands [103] such as Dalloyau, California Pizza Kitchen, YO! Sushi, Texas de Brazil, in more than 20 food and beverage outlets in the region.