Chefs' Warehouse Inc
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Consumer Staples : Food & Staples Retailing | Small Cap Blend
Company profile

The Chefs' Warehouse, Inc. is a distributor of specialty food products in the United States and Canada. The Company operates through food product distribution segment, which is concentrated on the East and West Coasts of the United States. The Company is focused on serving the specific needs of chefs owning and/or operating some of the menu-driven independent restaurants, fine dining establishments, Country clubs, hotels, caterers, culinary schools, bakeries, patisseries, chocolatiers, cruise lines, casinos and specialty food stores in the United States and Canada. Its product portfolio consists of imported and domestic specialty food products, such as artisan charcuterie, specialty cheeses, oils and vinegars, truffles, caviar, chocolate and pastry products. The Company also offers a line of center-of-the-plate products, including custom cut beef, seafood and hormone-free poultry, as well as food products, such as cooking oils, butter, eggs, milk and flour.

Price
Delayed
$12.89
Day's Change
-2.68 (-17.21%)
Bid
--
Ask
--
B/A Size
--
Day's High
14.13
Day's Low
12.83
Volume
(Heavy Day)

Today's volume of 821,233 shares is on pace to be much greater than CHEF's 10-day average volume of 541,404 shares.

821,233

State Street and Protective Life Corporation Agree to Expand Service Agreement and Add Outsourced Accounting Solution

10:00 am ET September 21, 2020 (BusinessWire) Print

State Street Corporation (NYSE:STT) today announced that it has renewed an expanded service agreement with Protective Life Corporation (Protective), a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, Inc. and will now provide the insurer with outsourced accounting services for a significant portion of its separate account life and annuity business. Protective provides financial services through the production, distribution and administration of insurance and investment products throughout the U.S.

Findings from State Street's 2019 Growth Study suggest that insurers across the globe are focused on back and middle office enhancements. Thirty-one percent cited optimizing these parts of their business as a critical short-term technology outcome that will help them to realize their growth ambitions.

"At State Street, we've been developing solutions for the insurance market for over 30 years," said Christopher Coleman, head of Global Client Coverage at State Street. "We are incredibly pleased to announce this new outsourcing agreement with Protective, as we are confident that our global accounting platform will identify and resolve exceptions, enhance efficiencies, and help to mitigate risk for Protective."

About State Street Corporation

State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $33.52 trillion in assets under custody and/or administration and $3.05 trillion* in assets under management as of June 30, 2020, State Street operates globally in more than 100 geographic markets and employs approximately 39,000 worldwide. For more information, visit State Street's website at www.statestreet.com.

* Assets under management as of June 30, 2020 includes approximately $67 billion of assets with respect to which State Street Global Advisors Funds Distributors, LLC (SSGA FD) serves as marketing agent; SSGA FD and State Street Global Advisors are affiliated.

(C) 2020 State Street Corporation - All Rights Reserved

Expiration Date: September 30, 2021

3174369.1.1.GBL.RTL

View source version on businesswire.com: https://www.businesswire.com/news/home/20200921005514/en/

SOURCE: State Street Corporation

Zarna Patel
ZPatel@StateStreet.com 
+1 617 662 1860
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