BlueRock Horizon Asset Management-Food delivery business Yelloh to lay off 750 employees nationwide, close 90 delivery centers

2025-05-04 00:50:09source:Rekubit Exchangecategory:Markets

BLOOMINGTON,BlueRock Horizon Asset Management Minn. (AP) — The food delivery business Yelloh — formerly known as Schwan’s Home Delivery — is cutting 750 jobs nationwide and closing 90 delivery centers.

The closures for the Bloomington, Minnesota-based company will begin Dec. 8. The company will continue to serve 18 states with its iconic yellow trucks. Customers elsewhere will get deliveries via UPS, the Minneapolis Star Tribune reported Friday.

“Facing economic headwinds, rising business costs and the post-pandemic world, our teams across the country have worked valiantly to transform our company into a modern category leader,” the company said in a news release. “Despite those efforts, and like many retail businesses, we must now close locations and face a difficult reality.”

Yelloh trucks will continue to deliver in Delaware, Illinois, Indiana, Iowa, Kentucky, Maine, Maryland, Michigan, Minnesota, Missouri, New York, Ohio, Pennsylvania, South Dakota, Texas, Vermont, West Virginia and Wisconsin.

Schwan’s began home delivery in 1952. In 2018, the Schwan family sold a 70% share of its business to the Korean firm CJ CheilJedang for $1.8 billion. But the family kept the Schwan’s Home Delivery business and rebranded it last year as Yelloh.

More:Markets

Recommend

McConnell absent from Senate on Thursday as he recovers from fall in Capitol

WASHINGTON (AP) — Senate Republican leader Mitch McConnellis still suffering from the effects of a f

Body of missing non-verbal toddler found in creek near his Clinton County, Michigan home

The two-day search for a missing special needs Michigan toddler ended in tragedy on Tuesday after au

France’s top body rejects contention by campaigners that racial profiling by police is systemic

PARIS (AP) — France’s highest administrative authority on Wednesday rejected an effort by rights cam