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Sysco Corporation (SYY) is gaining on its Recipe for Growth plan, which involves five strategic priorities. However, high labor and transport costs pose threat to margins.
Sysco Corporation (short for Systems and Services Company) is an American multinational corporation involved in marketing and distributing food products, smallwares, kitchen equipment and tabletop items to restaurants, healthcare and educational facilities, hospitality businesses like hotels and inns, and wholesale to other companies that ...
On December 9, 2013, Sysco Corp announced it would acquire US Foods for $8.2 billion ($3.5 billion plus $4.7 billion of debt), [17] but on June 24, 2015, U.S. federal judge Amit Mehta ruled that the combined Sysco-US Foods would control 75% of the U.S. foodservice industry and that would stifle competition. On June 29, 2015, Sysco terminated ...
Brake Bros Limited has been a subsidiary of Sysco Corporation since 5 July 2016 when the latter bought it for $3.1 billion. [ 7 ] [ 8 ] Its customers include schools, contract caterers, hospitals, hotels, independent dining establishments and various large restaurant chains.
Cost pressures remain, but we still think the narrow-moat firm benefits from its scale advantages and low-cost position. Skip to main content. News. Need help? Call us! 800-290-4726 ...
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The Ben E. Keith Company is an American distributor of food and beverage products founded in 1906. The company was originally named the Harkrider-Keith-Cooke Company but adopted its current name in 1931.