Campbell Soup Co. CPB, +0.38% has sold its healthy food brand Bolthouse Farms to Butterfly, a Los Angeles-based private-equity firm, for $510 million in cash. Campbell Soup announced last year that it was in talks to see the fresh food portion of the business. Campbell Soup bought Bolthouse Farms in 2012 for $1.55 billion. Butterfly Operating Partner Jeff Dunn will become chief executive of Bolthouse Farms. Dunn helped sell Bolthouse to Campbell Soup, and served at Bolthouse's CEO from 2008...

Papa John's International Inc. PZZA, +8.50% shares are up 10% in Wednesday trading after a CNBC report that the company's founder John Schnatter is contacting private-equity firms in the hopes of buying his company back. Schnatter was ousted as the company's CEO and the face of the brand after a number of controversies, including reports that he used a racial slur on a conference call. Since then, the board approved a "poison pill" that will prevent Schnatter from taking control of the chain....

Walmart Inc. WMT, +0.19% said Tuesday that it will begin using a blockchain-enabled system to track the path of leafy greens like lettuce back to its farm of origin over the next year. The retail giant has been working with International Business Machines Corp. IBM, -0.75% and 11 food companies over the past year to develop the technology. "While leafy greens are overwhelmingly safe to eat per capita, there have been several high profile recalls over the past decade and Walmart believes the...

Nordstrom Inc. JWN, -0.68% family members are in talks with private equity partners including KKR & Co., Apollo Global Management and Leonard Green & Partners to take the luxury department store private, according to a Reuters report. The Nordstrom family has agreed to offer preferential terms to these potential partners, Reuters wrote. Nordstrom has also approached sovereign wealth funds, public pension funds and others in an effort to raise about $1 billion. Nordstrom operates 354 stores,...