In his new role, Andrew Iacobucci will oversee the company’s local sales, commercial excellence, merchandising, marketing, CHEF’STORE, US Foods Direct and MOXē teams and have P&L responsibility for the company’s broadline business.
Denver J. Smith has over 14 years of experience successfully investing in a variety of public and privately held businesses, as well as a proven track record in creating value through M&A transactions.
When faced with higher prices, consumers will use multiple tactics to reduce or reallocate at- and away-from-home food spending, like trading down to private label, buying in bulk, using more leftovers or choosing a quick-service restaurant over a full-service restaurant.