-
Company veteran returns to lead restructured Rockport
Canton, Mass. -- A Rockport veteran is returning to head up the company he left more than 30 years ago.
On Monday, investment firm Berkshire Partners and New Balance Holding completed their acquisition of The Rockport Company from the Adidas Group. As part of the transaction, New Balance affiliate Drydock Footwear will join with Rockport to form The Rockport Group. Bob Infantino was named CEO of the reorganized company.
-
No stopping Publix Super Markets
Lakeland, Fla. -- Publix Super Markets is racking up another record year even as other grocers, including Whole Foods Market, are struggling under the weight of new competition.
Publix reports that sales for the second quarter were $8 billion, a 6% increase from last year’s $7.5 billion. Same store sales for the second quarter increased 4.1%.
Net earnings were $482.7 million, compared to $404.1 million in 2014, an increase of 19.5%.

