Content about Kohlberg Kravis Roberts

October 16, 2013

Back in March, Bloomberg ran a story headlined, “Private Equity’s $36 Billion Retail Bet Not Going So Well.” In a nutshell, this piece catalogued how investment firms like Bain Capital had poured large amounts of money into brick-and-mortar chains in the run-up to the recession, only to be met with lackluster results.

September 27, 2013

Private equity firm KKR & Co. LP has reportedly dropped out of the auction for Jones Group Inc.

May 13, 2013

Toys "R" Us has appointed Antonio Urcelay, 61, the head of its European operations, as interim CEO, according to a filing the retailer made on Monday with the Securities and Exchange commission, The Record reported.

February 13, 2013

The search is on for a new chief executive of Toys “R” Us with the announcement that Gerald L. Storch is stepping down as CEO of the company.

August 8, 2012

By Jundong Song, 89 Degrees

August 2, 2012

Walgreens and Alliance Boots on announced the completion of Walgreens initial investment in the strategic partnership following receipt of all required regulatory approvals.

July 19, 2012

Safeway Inc. reported that profit for the second quarter dropped to $121.7 million from $146 million in the same period last year.

July 10, 2012

A study released by Accenture found that, in the grocery arena, store brands continue to steal sales from brand-name products.

June 19, 2012

Walgreen Co. said it will pay $6.7 billion for a 45% stake in European health and beauty retailer Alliance Boots, which is based in Nottingham, England, with an option to buy the rest of the company in about three years.

April 26, 2012

Safeway Inc. reported that net income for the first quarter rose to $81.6 million, from $25.1 million in the year-earlier period.

February 27, 2012

Safeway has named Brian Baer president of its Dominick’s Finer Foods division in the Chicago area.

February 13, 2012

Safeway Inc. said that it has agreed to sell three of its Genuardi's stores in Pennsylvania to grocery chain Weis Markets.

January 20, 2012

Safeway announced that Tom Keller, president of the company's Vons Division, will retire after more than 40 years of service in the food industry, effective Feb. 1.

January 5, 2012

Safeway Inc. is exiting the Philadelphia market.

November 30, 2011

Safeway said its board of directors increased its stock buyback authorization by $1.0 billion, to $8.0 billion.

October 13, 2011

Safeway reported a 6% rise in fiscal third-quarter profit amid stronger revenue from gasoline sales and cost control efforts.

September 15, 2011

Safeway and Wegman’s Food Markets ranked highest across all customer service elements, according to a survey by Empathica.

July 21, 2011

Safeway reported Thursday that net income for the second quarter rose to $145.8 million from $141.3 million in the year-ago period, helped by rising prices and gas sales.

June 9, 2011

Safeway and Coinstar announced Thursday an agreement to install approximately 1,400 Coinstar kiosks in Safeway's stores in the United States and Canada by the end of 2011.

June 7, 2011

Safeway said Tuesday it has signed a new $1.5 billion revolving credit agreement that replaces a $1.6 billion facility.

May 31, 2011

New York private-equity firm Kohlberg Kravis Roberts & Co. LP said Tuesday that it plans to acquire a majority stake in Academy Sports + Outdoors, the Katy (Houston), Texas-based privately held sporting goods retailer with 131 locations throughout the Southeast.

April 28, 2011

Taxes related to Safeway's effort to pay down debt reduced its first-quarter net income, but the company's adjusted results beat Wall Street's expectations as its revenue rose, the Associated Press reported.

April 12, 2011

Target expects sales from its upcoming Canadian stores to total more than $6 billion by 2017, the company’s CFO said Tuesday, Dow Jones reported.

March 17, 2011

Teen retailer rue21 said that its fourth quarter net income increased 41% to $10.9 million from $7.7 million in the year-ago period.

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