Red Cup Living introduces four new reusable, dishwasher-safe cups
PHOENIX — Red cups aren’t just made for beer pong anymore. Red Cup Living has taken them to a whole new level with reusable designs made specifically for wine, margaritas, cocktails and coffee.
The company was created when the husband-and-wife founders started having "patio parties" to bring the neighborhood together and the two realized there was a need for reusable plastic cups that could help people connect. The four new designs — a 14-oz. wine cup, 15-oz. margarita cup, 12-oz. cocktail cup and 12-oz. stoneware coffee mug — serve as an eco-friendly option that can be used for outdoor events, such as barbecues, tailgating or relaxing on the beach.
"Red Cup Living embodies the very spirit of the red cup — it’s all about grabbing a moment in our busy lives to have fun and connect with others. We use this spirit to inspire family, friends and neighbors to create good times and great memories," said Michael Romley, CEO and founder of Red Cup Living.
Each cup is made with high-quality, break-resistant, double-wall ABS plastic; is BPA- and phthalates-free and FDA-approved; and is dishwasher-safe.
The new products will be showcased at the International Housewares Association show on March 2 to 5 in Chicago at booth S1790, and they join the original lineup that includes an 18-oz. icon cup, 32-oz. icon XL cup, 8-oz. wine cup, 2-oz. shooter cup, magnetic bottle opener, hip apparel, hats and accessories.
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Bloomberg: Publix, Royal Ahold may both make bid for Harris Teeter
NEW YORK — Publix may join Royal Ahold later this month in making a bid for the more than 200 Harris Teeter supermarkets, according to a report published Friday by Bloomberg, citing people with knowledge of the situation.
Virginia and North Carolina would represent new markets for Publix if the Florida-based grocer acquired Harris Teeter. Publix has already marked North Carolina for expansion with plans to open two stores in the state in 2014.
Neither Ahold nor Publix has made an offer, but first-round bids aren’t due until mid-March or later, Bloomberg reported. Bloomberg had pegged Harris Teeter’s market value at $2 billion in earlier reports, but noting that grocery companies typically sell at 7x to 10x EBITDA, that valuation today could be as high as $3.1 billion.
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Hy-Vee buys stake in store-construction joint venture
WEST DES MOINES, Iowa — Hy-Vee is taking over a construction company that builds its stores and related facilities, the supermarket chain said Friday.
Hy-Vee said it would buy the Weitz Co.’s interest in Hy-Vee Weitz Construction, a joint venture it entered in 1995 to complete Hy-Vee construction projects more efficiently and economically. Financial terms of the deal were not disclosed.
"The partnership between Hy-Vee and the Weitz Co. has been very successful and rewarding for both companies over the last 17 years," Hy-Vee president, chairman and CEO Randy Edeker said. "As we approach the end of our original operating agreement, it presents us with an opportunity to expand with our own in-house construction management group."
The company will be renamed Hy-Vee Construction and retain its current headquarters and employees, including president Brad Strehlow.
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