By: Randall A. Denha, J.D., LL.M. When parents and grandparents (or other generous benefactors) want to transfer wealth to a minor child, the primary decision they will face is whether to set up a Section 529 Plan, a custodial account under the Uniform Transfers to Minors Act (an UTMA account) or a trust for…
A new survey by AlixPartners found that prepared foods and dispensed beverages top the list of consumer purchases in convenience stores By NACS Online Convenience stores should focus on foodservice, including healthy options, according to a new survey from AlixPartners, Chain Store Age reports. Foodservice (27%) came in first for what consumers bought at…
WARREN, Mich. – On Monday, March 5, Lipari Foods, a leading Midwest food distributor based in Warren, Mich., announced the acquisition of the cheese cutting and packaging business of Jim’s Cheese, LLC. of Waterloo, Wisconsin. Jim’s Cheese is known for its large selection of specialty, aged and cut out cheeses and has been supplying great Wisconsin…
Switching the focus to foodservice dollars By CPS Daily News Convenience stores have long relied on gasoline sales, along with other traditional food and beverage items, to sustain them, but those days are waning. Consumers are coming to expect more when they enter a c-store, especially from foodservice offerings. But foodservice needs to be…
The Patrón and Avión tequila purchases likely will not be the last deals this year for producers of tequila, whiskey and gin. By Cathaleen Chen // The Street So much for dry January. So far this year, there have been two major deals in the spirits industry: Bacardi Ltd.’s acquisition of Patrón Spirits International AG, and Pernod Ricard…
Secret Service warns ATM jackpotting attacks seen in other countries are hitting the United States By NACS Online ABC News reports that the U.S. Secret Service is warning banks across the country about a new means of robbing ATMs, called “jackpotting,” that’s been seen in Europe and Mexico and now hitting the United States…
KDP’s pro forma combined 2017 annual revenues approximately $11B By Beverage Industry Dr Pepper Snapple Group Inc., Plano, Texas, and Keurig Green Mountain Inc., Burlington, Mass., announced that the companies have entered into a definitive merger agreement to create Keurig Dr Pepper (KDP), a new beverage company of scale with a portfolio of iconic consumer…
By: Randall A. Denha, J.D., LL.M. With the passage of President Trump’s Tax Cuts and Jobs Act of 2017 (the 2017 Tax Act), many tax attorneys, along with our clients running closely held businesses, have already begun reviewing and implementing tax-efficient strategies. Three Areas to Focus On The 2017 Tax Act provides many new planning…
With 7-Eleven’s introduction of cold-pressed juice, the c-store trend of healthier options remains strong By NACS Online In January, 7-Eleven announced it would start selling cold-pressed organic, vegan, fair trade, gluten-free and non-GMO juice alongside Slurpees, sodas and snacks, the Washington Post reports. The change is part of a sweeping trend in the…
By Randall A. Denha On December 22, 2017 the President signed the Tax Cuts and Jobs Act (“Act”). The Act will have a significant effect on individuals and businesses at all income levels for years to come. Following is a summary of how the Act may affect your estate plan. Estate and Gift Tax…