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International Business

  • Walgreens appoints chief strategy officer

    Deerfield, Ill. -- Walgreens on Thursday announced the appointment of Brad Fluegel as senior VP and chief strategy officer. Fluegel will be responsible for corporate strategy, business development, project management and the corporate consulting team while also working on venture capital efforts.

    Fluegel joined Walgreens after previously serving as executive in residence at Health Evolution Partners. Before that he was EVP and chief strategy and external affairs officer of Wellpoint, a large health benefits company.

     

  • New top cop working Walmart international beat

    Walmart this week named Daniel Trujillo to the newly created position of SVP and chief compliance officer for its international division, according to a Wall Street Journal report based on an internal company memo.

    The appointment comes amid a lengthy, ongoing and costly federal investigation into allegations of bribery at Walmart’s Mexican susbsidiary. Trujillo, 42, is currently deputy general counsel and director of compliance at the oil field services company Schlumberger.

  • Hudson's Bay files prospectus for IPO

    New York -- Hudson's Bay Co. announced that it has filed a preliminary prospectus with securities regulators in Canada for a proposed initial public offering of common shares. The company, which has been owned by NRDC Equity Partners since 2008, operates U.S. department store chain Lord & Taylor, along with The Bay and Home Outfitters chains in Canada.

  • PepsiCo Europe CEO joins AutoZone board

    MEMPHIS, Tenn. — AutoZone has elected Enderson Guimaraes to its board of directors.

    Guimaraes is CEO of PepsiCo Europe, a role he assumed in September 2012, and is responsible for PepsiCo's food and beverage businesses in Continental Europe as well as the United Kingdom and sub-Sahara Africa. "

    Enderson's exceptional international operations experience will benefit AutoZone greatly. We are fortunate to have him as a new board member," said Bill Rhodes, chairman, president and CEO.

     

  • Uniqlo to launch U.S. online shopping

    New York -- Uniqlo, a division of Japan's Fast Retailing Co. Ltd, will launch its U.S. e-commerce site next week, a crucial part of its drive to earn $10 billion in overall North American sales by 2020, Bloomberg reported.

    "By opening this e-commerce site now, we are able to cater to customers across the United States," said Uniqlo USA CEO Shin Odake in the Bloomberg report.

    Uniqlo currently has five U.S. locations, including new sites in San Francisco and New Jersey, along with its other three in Manhattan.

  • Murphy Oil to split off its retail division

    New York -- Murphy Oil is splitting in two in order to better focus on the separate tasks of exploration and production, and the sale of gasoline and other goods through its retail locations, the Associated Press reported.

    Murphy USA will become a separate company focused on selling fuels. Murphy USA operates retail gasoline stations in 23 states. Murphy USA will also operate seven fuel distribution terminals and ethanol production facilities in North Dakota and Texas.

  • Report: Alsea to invest $110 million to expand Starbucks in Latin America

    New York – Alsea, Latin America's biggest restaurant operator, will invest $110 million over the next three years in 220 new Starbucks cafes in Mexico and Argentina, Reuters reported.

    Around $75 million of the investment would be put into some 170 new stores in Mexico, which is Starbucks' fastest-growing Latin American market, with the balance going to its number two regional market Argentina, according to the report.

    Currently, Argentina and Brazil have about 50 Starbucks stores each.

     

  • Tiffany expands role of two EVPs

    NEW YORK — Tiffany & Co. is shifting and expanding responsibilities for two executive vice presidents, Beth Canavan and Frederic Cumenal.

    Cumenal joined Tiffany in March 2011 from the LVMH Group. He has been responsible for Tiffany’s businesses in Asia, Japan, Europe and Emerging Markets. Effective immediately, Cumenal will expand his role to assume responsibility for all of Tiffany’s worldwide sales activities.

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