Quayle Munro is pleased to announce that it's advised The Nielsen Company in the sale of its Retail Food Group ("RFG"), comprising: Progressive Grocer, Convenience Store News, The Gourmet Retailer and Convenience Store News for the Single Store Owner to Stagnito Inc. Financial details of the transaction were not disclosed. Quayle Munro assisted in the negotiation and structuring of the transaction.
Stagnito Inc. (“Stagnito”) owns ZweigWhite Information Services’ media group, including CE News and Structural Engineer magazines. Stagnito plans to continue publishing all four RFG titles in print and increase frequency and circulation for both Progressive Grocer and The Gourmet Retailer. In addition, Stagnito expects to expand the four RFG brands across digital platforms, virtual tradeshows and a custom media support division.