Labor & Employment

Family Dollar has rejected the revised proposal made by Dollar General on Sept. 2 on the basis of antitrust regulatory considerations. The Dollar General offer may be financially superior, the dollar store operator noted, but it's not likely to pass muster with the Federal Trade Commission.
 

Cincinnati - The Kroger Co. is hiring to fill an estimated 20,000 permanent positions in its supermarket divisions. The company has created more than 40,000 permanent new jobs in the past six years, not including the 25,000 employees who joined as a result of the Harris-Teeter acquisition.

"Kroger's growth trajectory creates more job opportunities for current and future employees," said Katy Barclay, Kroger's senior VP of human resources.

San Diego -- Marcus & Millichap announced the appointment of Rick Puttkammer to the position of regional director of its National Retail Group. Puttkammer is based in the firm’s San Diego office and his appointment is part of the firm’s strategy to enhance its brokerage support and client services.

Prior to joining Marcus & Millichap, Puttkammer was senior VP at Colliers International in San Diego, where he focused on institutional investment sales in the Western United States.  

Living Proof has promoted Grace Ray to CEO. Ray has served as chief marketing officer since 2011, and succeeds Jill Beraud, who is heading to Tiffany & Co. as EVP of global retail operations.

The company credits Ray with being instrumental in its growth in the past several years. The company said that Ray worked with the Living Proof team to deliver a portfolio of award-winning and game-changing products, increase the brand's awareness and leverage co-owner Jennifer Aniston in powerful marketing campaigns to drive double-digit sales growth.

Just a few days after electing a whole new board of directors, Alco announced that newly elected director Stanley B. Latacha will assume the role of interim CEO, effective immediately.

Jacksonville, Fla. - Body Central Corp. is enacting a one-for-10 reverse stock split of its common stock. Each 10 shares of common stock will be converted into one share of common stock.

The number of outstanding common shares will be reduced from approximately 17.2 million to approximately 1.72 million. The number of authorized shares and the par value per share will remain unchanged.

Hudson's Bay Company has appointed Andrea Wong as a director of the company. Including Wong, who is considered an independent director, the board is now made up of 10 directors.

New York -- Tiffany & Co. announced that it has named Jill Beraud as an executive VP, effective Oct. 13. She will have responsibility for global retail operations including all sales channels in every region, as well as oversight of strategic store development and real estate.

Beraud will report to Frederic Cumenal, president, who, as previously announced, will become Tiffany’s CEO effective April 1, 2015.

Beraud, 54, joins Tiffany from Living Proof where she has been CEO since 2011.