Bloomberg
Sources say General Mills and Nestle SA are leading bidders for PAI Partners' 50% stake in Yoplait. Nestle and General Mills have submitted offers valuing the yogurt brand at $2.2 billion U.S.
Chain Store Age
Macy's has sold back its 10.7% stake in The Knot, a media company that targets women who are engaged to be married and/or pregnant. The Knot annulled the marriage for $37.7 million, saying the repurchase is part of a previously announced $50 million buy-back plan.
The Boston Globe
D'Angelo Grilled Sandwiches, based in Dedham, Mass., is unveiling five "Cafe Sandwiches." The company says the new line, built with country white and multigrain sliced bread, means it is offering more bread options than rivals. The chain is operated by Papa Gino's, Inc.
Wallet Pop
The new Kraft campaign for its Athenos line of hummus and other Mediterranean foods is raising hackles in The Peloponnese. Critics say the ads, which feature a Greek grandmother hurling insults, is rife with stereotypes. Blogger Ron Dicker agrees. "I don't think 'prostitute' and 'hummus' go together," he writes.
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