Newspaper article St Louis Post-Dispatch (MO)

Business Digest

Newspaper article St Louis Post-Dispatch (MO)

Business Digest

Article excerpt

Fresh Thyme opening sixth local store * The growing Fresh Thyme grocery chain is opening its sixth local store in St. Peters on Wednesday.

The store at 3600 South St. Peters Parkway will open at 7 a.m. The first 250 shoppers ages 18 and older will receive a free bag of groceries.

The St. Peters store, which has more than 100 employees, is the Chicago-based chain's 70th U.S. location.

Fresh Thyme opened its first St. Louis area store in Fairview Heights in 2014, followed by stores in Kirkwood, Ballwin, O'Fallon, Mo., and south St. Louis County.

Asked whether the chain plans to expand with more stores in St. Louis area, a spokesman said the chain "is always actively looking for new locations to potentially expand their store footprint."

Ag Department kills animal welfare rule * The Trump administration is withdrawing a federal rule that would have required organic meat and egg producers to abide by stricter animal welfare standards.

The U.S. Department of Agriculture announced Monday it withdrew the Organic Livestock and Poultry Practices final rule published in January 2017 by former President Barack Obama's administration.

The regulation was to ensure that organically grown livestock had enough space to lie down, turn around, stand up, fully stretch and had access to fresh air and proper ventilation.

The USDA says the rule exceeds the department's statutory authority and could increase food costs.

Goldman Sachs' Schwartz retires * Goldman Sachs Group Inc. said on Monday that Harvey Schwartz will retire from the bank, leaving David Solomon as sole president and chief operating officer and the most obvious successor to Chief Executive Lloyd Blankfein.

The bank did not say why Schwartz was retiring. He was seen as one of two contenders along with Co-Chief Operating Officer Solomon to take over the top spot at what is viewed as the most powerful U. …

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