Core Insights - Apollo-managed funds have agreed to acquire a majority stake in Prosol Group, a leader in fresh food retail in France, from Ardian, with existing shareholders and management reinvesting alongside Apollo [1][3] - Prosol operates nearly 450 stores in France under brands such as Grand Frais and Fresh, focusing on fresh, quality products and a vertically integrated supply chain [2][8] - The investment is expected to support Prosol's growth ambitions both in France and internationally, leveraging Apollo's extensive retail expertise [3] Company Overview - Prosol, founded in 1992, has established a strong customer base through its proprietary supply chain and high-quality product offerings [2][6] - The company operates under multiple retail brands, including Grand Frais, Fresh, La Boulangerie du Marché, mon-marché.fr, BioFrais, and Banco Fresco in Italy [2][8] - Prosol's model emphasizes long-term partnerships with producers, in-house expertise, and a dedicated logistics network to ensure product quality and freshness [7] Investment Details - The transaction is subject to regulatory approvals and is expected to close in Q2 2026 [4] - Apollo has a successful track record in private equity, particularly in the retail and consumer sectors, with approximately €14 billion invested in French companies [3][5]

Core Viewpoint - The article discusses the tax exemption policies for agricultural wholesale markets and farmers' markets, specifically the exemption from property tax and urban land use tax until December 31, 2027, to promote rural specialty industries and facilitate agricultural product circulation [3][7]. Tax Exemption for Property Tax - Agricultural wholesale markets and farmers' markets that are used exclusively for agricultural product operations will be exempt from property tax until December 31, 2027 [3]. - For markets that also deal in other products, the property tax exemption will be determined based on the proportion of space used for agricultural transactions [3][5]. Tax Exemption for Urban Land Use Tax - Similar to property tax, agricultural wholesale markets and farmers' markets will be exempt from urban land use tax until December 31, 2027, provided the land is used solely for agricultural operations [7]. - For markets that operate with other products, the exemption will also be calculated based on the proportion of land used for agricultural transactions [7][8]. Eligibility Criteria - Agricultural wholesale markets and farmers' markets must be registered as operating entities and serve as venues for the wholesale or retail trading of agricultural products and their initial processed goods [5][8]. - Properties and land that are directly used for agricultural transactions are eligible for tax exemptions, while administrative offices, living areas, and commercial spaces not directly related to agricultural transactions are not eligible [5][8]. Policy Basis - The tax exemption policies are based on several official notifications and announcements from the Ministry of Finance and the State Administration of Taxation, including documents from 2019, 2022, and 2023 [10][11].

Core Insights - EnWave Corporation has signed a royalty-bearing commercial license agreement with Solve Solutions, a Brazilian food company specializing in premium dried fruits, vegetables, and snacks [1][2] - Solve Solutions will utilize EnWave's patented Radiant Energy Vacuum (REV™) technology for drying select products in Brazil and is required to purchase a large-scale REV™ machine within six months [2] - The partnership aims to enhance product development and supply high-quality dried ingredients that conventional methods cannot achieve [4][5] Company Overview - EnWave is a leader in vacuum microwave dehydration technology, with a strong intellectual property portfolio and a focus on efficiency, product quality, and cost-effectiveness [6][8] - The company has over fifty partners across twenty-four countries, enabling them to create innovative snacks and ingredients [7] - EnWave's strategy includes signing commercial licenses with food producers to improve drying processes and product quality [8] Solve Solutions Overview - Solve Solutions, operating under Troyes Participações SA, focuses on manufacturing premium dehydrated fruits, vegetables, and cheeses for both ingredient markets and consumer products [3] - The company collaborates with food manufacturers and CPG brands to fill supply gaps for high-quality dried ingredients [4] - Solve Solutions emphasizes innovation and product development, positioning itself as a trusted partner in the food market [5]

Industry Overview - The Zacks Natural Foods Products industry is facing a challenging macroeconomic environment characterized by persistent inflation and reduced consumer spending, leading to pressure on profit margins due to rising input costs and operational expenses [1][4][5] - The industry includes companies that manufacture and sell a variety of organic and natural food products, including fruits, vegetables, dairy, meat, seafood, and packaged meals, primarily through wholesalers, retailers, and e-commerce [3] Key Trends - There is a notable shift towards healthier eating habits, with consumers increasingly seeking nutritious and organic food options, which is driving demand for fresh products [6] - Companies are adapting to the tough market landscape by emphasizing value-focused marketing and expanding their product lines to include more affordable options [4][5] Performance Metrics - The Zacks Natural Foods Products industry has outperformed the broader Zacks Retail - Wholesale sector and the S&P 500 over the past year, with a growth of 64.7% compared to 17.3% and 12.3% respectively [10] - The industry is currently trading at a forward 12-month price-to-earnings (P/E) ratio of 20.02X, lower than the S&P 500's 22.63X and the sector's 24.98X [13] Company Highlights - Sprouts Farmers Market, Inc. (SFM) is focusing on product innovation, e-commerce, and competitive pricing, with a consensus estimate for current fiscal year earnings per share (EPS) at $5.08 and a stock gain of 96.6% over the past year [14][15] - Performance Food Group Company (PFGC) is capitalizing on its position in the food-away-from-home industry, with a current fiscal year EPS estimate of $4.36 and a stock gain of 40.1% in the past year [18][19]