Strategy

FAIRFIELD, Conn. — In response to Hurricane Sandy, GE today gave $1.1 million to support relief and recovery efforts throughout the Northeast of the United States. One million dollars was given to the American Red Cross Disaster Relief Fund. The additional $100,000 dollars was given to the United Way of America for them to direct to local communities where they determine the need is greatest.

MINNEAPOLIS — Lori Walker, SVP and CFO of Valspar, will retire from the company. The announcement was made by Gary Hendrickson, chairman of the board and CEO of Valspar.

New York -- The Jones Group Inc.  announced the promotion of Cynthia DiPietrantonio to COO, effective immediately.

In this expanded role, DiPietrantonio will oversee production in The Jones Group's overseas facilities, including its production offices in China and Hong Kong, in addition to her current responsibilities overseeing the day-to-day operations of the company. DiPietrantonio, the senior-most operations executive, has been with The Jones Group in several capacities over the past 30 years.

Norwalk, Conn. -- LogicSource, a sourcing solutions firm, has entered into a multi-year agreement to provide advisory services and technologies to Burlington Coat Factory, which operates more than 477 stores in 44 states and Puerto Rico.

DEERFIELD, Ill. — Walgreens has launched Ology, a nationally accessible and affordable brand formulated to be free of harmful chemicals. Exclusive to Walgreens' family of companies, the Ology brand features a line of baby and personal care products as well as household cleaners, the company stated.

New York -- Ralph Lauren Corp. is shuttering its Rugby division, Crain’s New York reported.

The preppy-inspired Rugby brand, targeted at a young audience, was launched in 2004. It has 14 locations.

“We continue to believe that we can service the millennium Rugby customer with brands such as Denim & Supply and Club Monaco,” said Roger Farah, president and COO, on the company’s recent earnings call.

NEW YORK — Deloitte has teamed up with software solutions provider, CMO Compliance to provide solutions to consumer product, food service, retail and distribution companies.

The partnership will provide clients with a full suite of tools for risk management, the companies said.

NEW YORK — Tiffany & Co. announced plans to open a 10,000 sq. ft., multi-level flagshop store in Paris in 2014. The store will be located at 62, Avenue des Champs Elysées.