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Amazon Could Make $9 Billion Bid For MGM Acquisition

Amazon is reportedly in talks with Metro Goldwyn Mayer (MGM) on an acquisition deal that could be as much as $9 billion, Financial Times (FT) reported, citing sources. Like other entertainment studios, MGM was crippled by the pandemic as movie theaters closed and people locked down at home. It postponed the release of its latest James bond film, “No Time To Die,” four times. It is now scheduled for release in theaters on Sept. 30...

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Grocers Turn To Private Labels To Drive Sales, Boost Margins

In 2020, private label sales hit a record high, accounting for almost a quarter of all products sold during the year, hitting an all-time high of $27.3 billion, said the industry trade group Private Label Manufacturers Association. The segment added $8.5 billion over the year, according to Progressive Grocer. Additionally, data shows that growth outpaced name brand sales growth for the fourth consecutive year. Consumers are opting for...