Strategy

Camp Hill, Pa.  -- Rite Aid Corp. has promoted Ken Martindale, currently senior executive VP and COO, to president and COO. Rite Aid chairman, president and CEO John Standley will continue in those roles.

The promotion of Martindale, 53, is effective immediately.

OAK BROOK, Ill. — Food manufacturer TreeHouse Foods has entered into a definitive agreement to acquire Cains Foods, a privately owned manufacturer of shelf stable mayonnaise, dressings and sauces.

Cains is based in Ayer, Mass., and generates approximately $80 million in annual revenue. The company employs approximately 100 people. Its product portfolio offers retail and foodservice customers an assortment of packaging sizes, sold under both private label store brands and the Cains, Naturally Delicious and Olde Cape Cod brands.

NEW YORK — L'Oréal has appointed Kristina Schake as the company’s chief communications officer, effective July 8. 

Schake will represent L'Oréal USA for all corporate communications and will lead the external communications strategy in the areas of public and media relations, industry and government relations, sustainability and crisis communications. She will also oversee the company’s corporate philanthropic programs. 

CAMP HILL, Pa. — Rite Aid has appointed Ken Martindale as president and COO. Martindale is currently SVP and COO, as well as president of the Rite Aid Foundation. John Standley will continue as chairman and CEO.

Chattanooga, Tenn. -- CBL & Associates Properties announced the launch of a partnership with Tesla Motors to install Tesla Supercharging stations at several CBL Malls across the country. Tesla is building a network of stations that will eventually enable Tesla owners to drive coast to coast in their electric vehicles.

New York -- Luxury department store operator Neiman Marcus Inc. on Monday disclosed plans for a proposed public offering of up to $100 million.

The retailer’s plan, announced in a regulatory filing, comes some eight years after it was acquired for $5.1 billion by private equity firms TPG Capital and Warburg Pincus. In its filing, Neiman Marcus indicated a desire to expand its outlet center concept, Last Call, which currently operates 35 locations.

New York -- Men’s apparel and accessories chain Jos. A. Bank Clothiers has confirmed that it is on the hunt for acquisitions to drive growth. The company has retained Financo LLC to assist it in its search.

“As part of its evaluation of strategic opportunities, the company has been and will continue to selectively seek potential acquisitions that are strategically sound and accretive in the long run,” Jos. A. Bank said in a statement. “No timetable has been set for any acquisition.”

FAIRPORT HARBOR, Ohio — OurPet's president John M. Silvestri has resigned citing personal reasons and will leave the company after July 5. Silvestri has been with the leading proprietary pet supply company since Feb. 12, 2012. 

"John's departure is voluntary and without any disputes,” said chairman and CEO Dr. Steven Tsengas. “We will miss John as he brought many best practices to our company that are facilitating our growth and development. We wish him the best of everything in wherever his future takes him."