Campbell Soup Co. is nearing a deal to sell its Bolthouse Farms fresh-foods brands for about $500 million to a group led by the former chief executive of the troubled division, according to people familiar with the negotiations, far less than the food maker paid for the business seven years ago. The soup maker was trying at the time to expand into faster-growing sections of the grocery store. But handling fresh food proved harder for Campbell to manage than its packaged-food brands, and the company is now focusing again on...

Source: Wall Street Journal April 11, 2019 18:12 UTC