January 30, 2015
The Federal Trade Commission on Tuesday cleared the $9.4 billion buyout of Safeway Inc., the nation’s second-largest supermarket chain, by an investment group led by private equity firm Cerberus Capital Management LP.
Cerberus plans to merge Safeway with its other grocery store assets operating under 16 banners, including Albertsons.
Super Bowl XLIX has yet to kick off, but Walmart has already struck pay dirt with its savvy use of search engine marketing to drive sales of the snack items millions of Americans will consume during the broadcast of the big game.
Rite Aid Corp. plans to construct a new distribution center in Spartanburg, S.C., which will be the drug chain's first new facility in 15 years.
Sears Canada Inc. has chosen Ronald Boire to serve as president and chief executive officer.
Ray Payne, vice president of real estate for the West Coast at Rite Aid Corp., has been promoted to group vice president of real estate.
Bi-Lo Holdings LLC has named Ian McLeod president and chief executive officer, effective March 2.
Family Dollar Stores Inc. shareholders on Thursday approved the proposed sale of the company to Dollar Tree Inc.
Walmart executive vice president of sales innovation John Aden is leaving the company to pursue other interests.
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The e-cigarette and vaping products supplier NJOY has tapped Paul Sturman to serve as its president and chief executive officer.
ECRM says it has enhanced its data and analytics website (www.ECRMData.com) with added functionality and increased retail coverage.
In a senior-level reorganization aimed at "improving strategies," Procter & Gamble Co. (P&G) this week expanded the role of David Taylor and placed him in charge of the company’s global beauty business.
Sun & Skin Care Research LLC (SSCR) is set for the national retail rollout in March of its first antiaging body lotion and spray under the company's NO-AD Skin Care brand.
Dan Wassong, who led the cosmetics and over-the-counter drug maker Del Laboratories Inc. as chairman, president and chief executive officer until 2004, died on January 1. He was 84.
Kraft Foods Group Inc. has named John Cahill, chairman of the board of directors, to the additional position of chief executive officer.
Merck & Co. said Monday it will acquire Cubist Pharmaceuticals Inc. for $8.4 billion. The transaction will include $1.1 billion in net debt (based on projected cash balances) and other considerations for a total transaction value of about $9.5 billion.
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