• Price Chopper Supermarkets announced its partnership with Hudson, N.Y.-based Local Ocean and, in doing so, the company said, “became the first supermarket retailer in the nation to provide customers with the opportunity to purchase the progressive company’s sustainable, ‘locally grown’ sea bream.”
Lee French, Price Chopper’s Vice President of Seafood Merchandising, said, “The sea bream will be delivered fresh from Local Ocean’s facility to our stores in less than 24 hours, which further clarifies Price Chopper’s deep commitment both to sustainability and to providing the ‘Best in Fresh’ and locally grown products to our customers.”
• The Wall Street Journal this morning reports that “Barnes & Noble Inc. is expected to soon announce the settlement of a lawsuit filed by investor Ronald Burkle, who challenged the legality of a "poison pill" plan that would have prevented him from buying more shares of the company, people familiar with the matter said Wednesday.
“As part of the settlement, Barnes & Noble will add two independent directors to the board, in addition to a director affiliated with Yucaipa Cos., the investment firm run by Mr. Burkle, these people said.”
Yucaipa is Barnes & Noble’s second largest shareholder. Barnes & Noble reportedly is exploring a possible sale of the company after a long stretch of quarters with declining sales and profits.
• Bloomberg reports that “ Kraft Foods Inc., the world’s biggest confectioner after buying Cadbury Plc, will start making Tang and chocolate next year at a new $50 million plant in Brazil, fueling expansion in faster-growing developing markets.
The move is part of Chief Executive Officer Irene Rosenfeld’s strategy to use Cadbury’s strength in those regions and prove to investors that the merger makes sense. Kraft now gets about one-quarter of its almost $50 billion in sales from emerging markets because of Cadbury.”
Lee French, Price Chopper’s Vice President of Seafood Merchandising, said, “The sea bream will be delivered fresh from Local Ocean’s facility to our stores in less than 24 hours, which further clarifies Price Chopper’s deep commitment both to sustainability and to providing the ‘Best in Fresh’ and locally grown products to our customers.”
• The Wall Street Journal this morning reports that “Barnes & Noble Inc. is expected to soon announce the settlement of a lawsuit filed by investor Ronald Burkle, who challenged the legality of a "poison pill" plan that would have prevented him from buying more shares of the company, people familiar with the matter said Wednesday.
“As part of the settlement, Barnes & Noble will add two independent directors to the board, in addition to a director affiliated with Yucaipa Cos., the investment firm run by Mr. Burkle, these people said.”
Yucaipa is Barnes & Noble’s second largest shareholder. Barnes & Noble reportedly is exploring a possible sale of the company after a long stretch of quarters with declining sales and profits.
• Bloomberg reports that “ Kraft Foods Inc., the world’s biggest confectioner after buying Cadbury Plc, will start making Tang and chocolate next year at a new $50 million plant in Brazil, fueling expansion in faster-growing developing markets.
The move is part of Chief Executive Officer Irene Rosenfeld’s strategy to use Cadbury’s strength in those regions and prove to investors that the merger makes sense. Kraft now gets about one-quarter of its almost $50 billion in sales from emerging markets because of Cadbury.”
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