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Labor & Employment

  • Coca-Cola refreshes board with Santander UK exec

    ATLANTA — Coca-Cola’s has appointed Santander UK plc CEO Ana Botín to the company’s board of directors.

    Santander UK plc is one of Britain’s leading personal financial services companies and a subsidiary of the Santander Group, the largest bank in the Eurozone.

  • Men's Wearhouse expands brand porfolio

    FREMONT, Calif. — Men's Wearhouse has signed a definitive agreement to acquire JA Holding, the parent company of American clothing brand Joseph Abboud, for approximately $97.5 million in cash, subject to certain adjustments. 

    JA Holding is currently majority-owned by funds affiliated with J.W. Childs Associates, L.P. The transaction is expected to close in the third quarter of 2013.

  • Supervalu sees better-than-expected Q1 results

    MINNEAPOLIS — Supervalu reported net sales of $5.2 billion for the first quarter of fiscal 2014, down 1.5%, and net earnings of $85 million, or $0.34 per diluted share. 

    The decrease in net sales primarily reflects a decline in identical store sales of negative 3% percent for retail food and negative 1.9% for Save-A-Lot. Identical store sales for corporately operated stores within the Save-A-Lot network were negative 1.2%.

  • Veteran analyst sounds off on Walmart

    Walter Loeb has been a part of the retail industry longer than many of the retail executives running Walmart have been alive. And he, like many retail analysts who follow the company, have marveled at its accomplishments over the years.

    However, that wasn’t the case earlier this week when Loeb let Walmart have it over what he regarded as deplorable store standards.

  • Former AT&T Cloud Solutions exec jumps to a new cloud

    ATLANTA — Red Book Connect, a global, cloud-based software solutions company serving the broader retail and restaurant industries, has appointed Arnab Sur as SVP of global sales, a previously unfilled position since the formation of the company in January 2013.

  • P&G's global beauty group president joins Corning board

    CORNING, N.Y. — Procter & Gamble group president of global beauty Deborah Henretta has been appointed to Corning's board of directors.

    Henretta will also serve on the board's audit and finance committees. She will hold office until Corning`s annual meeting of shareholders in the spring of 2014, at which time she will stand for election to a one-year term. Her appointment brings to 13 the number of directors in the specialty glass and ceramics provider’s board.

  • NRF to Congress: Delay Affordable Care Act employer mandate

    Washington, D.C. -- The National Retail Federation penned a letter to Speaker of the House John Boehner and Minority Leader Nancy Pelosi, asking Congress to pass a one-year delay of the Affordable Care Act’s employer mandate.  

    The impending House vote follows the Administration’s announcement earlier this month of a one-year delay of the employer mandate provisions.

  • Red Robin names chief people officer

    Greenwood Village, Colo. -- Red Robin Gourmet Burgers has named Cathy Cooney as senior VP and chief people officer of the burger chain. Cooney will be responsible for leading the development and execution of human resource strategies.

    Before joining Red Robin, Cooney served as executive VP of human resources for Carefusion, a $4 billion medical technology company.

     

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