US EditionHow a $29 Billion Restaurant Supply Deal Could Change How Independent Restaurants Buy Food
6 Articles
6 Articles
How a $29 Billion Restaurant Supply Deal Could Change How Independent Restaurants Buy Food
Sysco announced plans to buy Restaurant Depot for an eye-popping sum earlier this week. Now, independent restaurants are organizing to fight the deal.Credit: Maskot / Getty ImagesOn Monday, March 30, Sysco, the nation’s largest restaurant supply distributor, announced it was spending $29.1 billion to acquire Jetro Restaurant Depot (commonly known as Restaurant Depot), a major cash-and-carry chain with 165 locations across 35 states. That’s a dea…
Sysco, the largest food distributor in the United States, will acquire Restaurant Depot supplier in an agreement valued at more than $29 billion.
Sysco deal lifts Nathan Kirsh's fortune to $17.1 billion
Nathan Kirsh, the reclusive 94-year-old Eswatini/South African billionaire, is about to become significantly wealthier. His food supply wholesale giant, Jetro Restaurant Depot, is being sold to food distribution multinational Sysco at a valuation of $29.1 billion, a deal that adds at least $10 billion to Kirsh's net worth and vaults him into the ranks of the world's 200 richest people.Kirsh, who has lived in Eswatini (formerly Swaziland) for dec…
Sysco Just Announced a $29.1 Billion Acquisition and Wall Street Is Nervous. Can a 3% Dividend Sweeten the Deal?
The Jetro deal strategically pushes Sysco into a faster‑growing, higher‑margin channel, but the new debt, jumping leverage, share dilution, and negative S&P outlook explain why SYY stock just had its worst day since 2020.
How will Sysco’s Restaurant Depot purchase affect independents?
Sysco to buy Restaurant Depot, and independents are fighting back Sysco announced plans to acquire Restaurant Depot for $29 billion, a move that could reshape how independent restaurants buy food at scale. Restaurant Depot is known as a major wholesale source for small operators that want…
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