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Consumer Affairs & Relations

  • Walgreen, McDonald's e-mail databases breached

    San Francisco -- A report Monday by Associated Press said that Walgreen Co., McDonald's and Twitter each reported unrelated security breaches, involving customer e-mail addresses and other private information.

    Walgreen said hackers who gained access to a list of customer e-mail addresses may have sent spam directing customers to enter personal data into outside websites.

  • Court accepts A&P's DIP facility

    MONTVALE, N.J. — Bankrupt grocer A&P has announced that the U.S. Bankruptcy Court for the Southern District of New York has approved the $800 million debtor-in-possession financing provided by JPMorgan Chase. Of the total DIP facility, a $350 million term loan immediately has been made available.

    As previously reported, A&P filed for bankruptcy on Sunday and will keep its 395 stores open and operational during the proceedings.

    In addition, the court granted A&P's motion to approve its request for "first day orders," including:

  • A&P files for Ch. 11 bankruptcy

    Montvale, N.J. - The Great Atlantic & Pacific Tea Co. on Sunday filed for Chapter 11 bankruptcy protection as it struggles with enormous debt and increased competition from low-priced peers.

    The 151-year-old company operates 395 stores around the Northeast under several banners, including A&P, Waldbaum's, The Food Emporium, Super Fresh, Pathmark and Food Basics.

  • NRF urges Senate to support extension of Bush cuts

    WASHINGTON - The National Retail Federation announced that it has urged the Senate to support legislation extending Bush era tax cuts that is scheduled for a procedural vote today, saying the measure would help preserve and create jobs.

  • Geoffrey Covert named SVP retail operations at Kroger

    CINCINNATI - Just two weeks after announcing the exit of it's SVP retail operations, Kroger announced a replacement.

    Geoffrey Covert, a seasoned Kroger executive, will become SVP retail operations, effective Jan. 1. He will be responsible for leading the company's programs and processes focused on operating efficiency, store productivity, and associate and customer safety., Kroger said. Prior to this position, Covert served as president of the company's Cincinnati/Dayton division for the past six years.

     

     

  • Gracious Home acquired by Americas Retail Flagship Fund

    NEW YORK - Gracious Home, a home goods retailer with stores in New York City's Upper West and Upper East side neighborhoods, as well as online at gracioushome.com, was acquired by Americas Retail Flagship Fund LLC. The company under its prior ownership had filed for bankruptcy protection in August.

  • Report: A&P to be considering bankruptcy

    Montvale, N.J. -- A report Friday said that Great Atlantic & Pacific Tea Co. may file for bankruptcy in the coming days to restructure debt.

    Citing unnamed sources, Bloomberg reported that a filing to reorganize under court protection may come as soon as this weekend. A&P hired law firm Kirkland & Ellis LLP to represent it in negotiations with creditors and in any Chapter 11 proceeding, according to the report.

  • Grubb & Ellis bolsters lease administration capabilities

    Santa Ana, Calif. -- Grubb & Ellis Co. announced that Susan E. Calvert and Joe I. Munoz have joined the company’s Lease Administration group.

    Calvert, who joins as manager, Lease Administration, spent two years as a real estate administrator with SRS Real Estate Partners, where she was responsible for commercial portfolios spanning approximately 350 locations. Munoz, who will also serve on the lease administration team, spent seven years with SRS Real Estate Partners, ultimately rising to the position of lead real estate administrator. 

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