• The Lowell Sun reports that in Massachusetts, a Suffolk County Superior Court judge has "ruled that Market Basket CEO and owner Arthur T. Demoulas violated his rival cousin's contractual right to participate in the company's IRS audit, but the violation was 'minor'." The judge has "issued a preliminary injunction allowing Arthur S. Demoulas and his sister-in-law Rafaela Evans to participate in the company's IRS audit as part the 2014 agreement that shifted control of the multi-billion dollar supermarket chain to Arthur T. and ended an unprecedented consumer boycott of supermarket chain."
Company management had maintained that the audit only recently was announced, was being managed by an accounting firm hired when Arthur S. Demoulas was running the company, and that the other side of the family would be included in the process when it is appropriate.
• AFP reports that Tesco saw a 1.1 percent increase in Q1 sales, delivering growth in what CEO Dave Lewis said "remains a challenging market with sustained deflation."
Tesco also said that it is continuing its efforts to sell off non-core businesses with the offloading of its Harris + Hoole coffee shop chain to Caffe Nero. Terms of that deal were not disclosed.
• The Charlotte Observer reports that Delhaize-owned Food Lion has announced that it now is accepting "mobile payments via Apple Pay, Android Pay and Samsung Pay at all of its nearly 1,100 stores. The grocer also said it has completed its 'chip-and-pin' rollout, meaning all of its stores now accept new chip-and-pin credit and debit cards, which are meant to be more secure."
Company management had maintained that the audit only recently was announced, was being managed by an accounting firm hired when Arthur S. Demoulas was running the company, and that the other side of the family would be included in the process when it is appropriate.
• AFP reports that Tesco saw a 1.1 percent increase in Q1 sales, delivering growth in what CEO Dave Lewis said "remains a challenging market with sustained deflation."
Tesco also said that it is continuing its efforts to sell off non-core businesses with the offloading of its Harris + Hoole coffee shop chain to Caffe Nero. Terms of that deal were not disclosed.
• The Charlotte Observer reports that Delhaize-owned Food Lion has announced that it now is accepting "mobile payments via Apple Pay, Android Pay and Samsung Pay at all of its nearly 1,100 stores. The grocer also said it has completed its 'chip-and-pin' rollout, meaning all of its stores now accept new chip-and-pin credit and debit cards, which are meant to be more secure."
- KC's View:
