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Corporate Governance

  • Saban Brands taps former Iconix VP to help expand reach

    Daniel Castle, former Iconix VP of international and business development, will be joining Saban Brands as the company’s managing director of strategic business development.

  • Lowe’s introduces virtual 3-D room remodeling for customers

    Mooreseville, N.C. — Lowe’s has launched Lowe’s Innovation Lab, with a goal of creating new technology to solve common consumer frustrations while working alongside start-ups, universities, specialized professionals and other companies. The first concept to come out of the lab is the Lowe's Holoroom, a home improvement simulator that applies 3D and augmented reality technologies to provide homeowners an intuitive, immersive experience in their dream rooms.

  • European Union tax investigation could affect Starbucks, Apple

    Brussels, Belgium — The European Union (E.U.) is investigating lucrative tax breaks individual member countries such as Ireland, the Netherlands and Luxembourg have been giving major global companies including Starbucks and Apple. Media reports indicate the E.U. is focusing on whether certain tax loopholes these countries have provided some corporations qualify as “state aid,” which is prohibited under E.U. bylaws.

  • Kohl’s further endears itself to Wisconsin residents

    Kohl’s has further endeared itself to residents of America’s Dairyland with a sizable donation to the Children’s Hospital of Wisconsin.

  • China’s Alibaba.com debuts U.S. e-commerce site

    San Mateo, Calif. – Chinese e-commerce giant Alibaba Group is debuting its U.S. e-commerce site, 11Main.com, with a beta rollout on Wednesday, June 11. The home page of the invite-only website says “We’re opening soon — our shop owners are getting unpacked and unsettled,” and has an online invite request option. (Alibaba has filed for an initial public offering in the United States, in May.)

  • Energy drink maker retracts distribution announcement

    The maker of DNA Energy Drink is eating its words after incorrectly announcing a distribution agreement between DNA Brands and Trenton Coca-Cola on Monday.

    DNA’s president and CEO, Eric Fowler, said Wednesday that the announcement from earlier this week was incorrect and that there was no agreement for distribution between the bottling company and DNA. The announcement also quoted Chuck Jones, citing him as president of the bottling company even though he is not.

  • Target shareholders re-elect all board members, approve exec pay plan

    New York — Target Corp. announced at its annual meeting on Wednesday that the company’s shareholders re-elected its entire 10-member board of directors. Shareholders also approved the company’s executive compensation plan.

    In May, proxy firm Institutional Shareholder Services recommended the removal of seven board members, accusing them of failing to protect Target from its massive data breach.

  • Italian hypermarket retailer Bennet implements Checkpoint EAS

    Montano Lucino, Italy — Italian hypermarket retailer Bennet has completed the rollout of electronic article surveillance (EAS) loss prevention solutions in its stores in Italy. The solution involves the installation of 1,000 P20 EAS antennas from Checkpoint’s Evolve solutions, as well as radio frequency (RF) tags, Alpha high-theft solutions and point-of-sale deactivators, in addition to the rollout of an RF source-tagging program aimed at increasing on-shelf availability, improving open merchandising while reducing labor costs and inventory shrink.

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