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Corporate Governance

  • Loblaw-Shoppers Drug Mart deal approved; Loblaw to close 18 stores

    New York -- Loblaw Cos. Ltd.’s acquisition of Shoppers Drug Mart Corp. has been approved by Canada’s Competition Bureau. The $12.4 billion (US$11 billion) deal is expected to close on March 28.

    To win approval from the Competition Bureau, Loblaw agreed to sell 18 stores and nine in-store pharmacies.

  • mPOS provider Love Velvet joins Samsung Solutions Exchange

    I Love Velvet, a leading provider of end-to-end, secure, mobile point-of-sale (mPOS) solutions, is now a member of the Samsung Solutions Exchange. The Samsung Solutions Exchange addresses the needs of line of business owners by creating holistic mobile solutions on a robust portfolio of enterprise-grade Samsung Mobile devices.

    Coupled with Samsung Mobile devices, the I Love Velvet mobile point-of-sale solution offers three major components: Velvet mPOS hardware, Velvet store and Velvet cloud.

  • Foodsco opens new Oakland store March 26

    Compton, Calif. – Foodsco will open its first store in Oakland, Calif., on March 26. The new 80,000 sq.-ft. supermarket is located in East Oakland's Foothill Square Shopping Center.

  • J.C. Penney doesn’t expect impact from Macy’s suit

    Plano, Texas – In a March 21 regulatory filing, J.C. Penney Co. Inc. said it does not expect the result of a lawsuit filed by Macy’s Inc. alleging that Penney was selling Martha Stewart Living products in violation of an exclusivity agreement to have a significant negative impact on its results.

  • Hilco rebrands, adds deals to Steele's

    The Hilco Global Retail Group is rebranding its recently acquired Steele's retail stores as Steele's & Deals. The company also appointed several key executive leaders who will take over new management roles at the retail chain.

    The company feels that the Steele's & Deals name more accurately communicates value to customers.

  • AT&T to sponsor rooftop deck at Cardinals Nation

    Baltimore — The Cordish Cos. and the St. Louis Cardinals have announced that AT&T has joined Ballpark Village in St. Louis as the naming rights sponsor for the two-story seating deck atop Cardinals Nation. As part of a multi-year agreement, the Cardinals Nation ticketed deck will be known as the AT&T Rooftop.

  • Mexico’s Tiendas Soriana in Latin America’s biggest distributed solar deal

    Monterrey, Mexico -- Tiendas Soriana S.A. de C.V., Mexico’s second largest retail company, and Hanwha Q CELLS, a leading full-service solar power companies, announced a 20-year power purchase agreement for 31 megawatts (MW) of photovoltaic (PV) solar power at 120 retail locations across Mexico that will create significant long-term energy savings for Soriana. Soriana operates more than 640 grocery and department stores.

  • McAlister’s plans 25 new franchise stores

    Alpharetta, Ga. -- McAlister's Deli has partnered with several lenders for franchise expansion nationwide. First Franchise Capital, Balboa Capital and Franchise America Finance have committed to financing new construction and remodels, as well as POS upgrades and equipment.

    In 2014, McAlister's will celebrate its 25th anniversary and expects to open 25 new restaurants in new and existing markets, including in Ohio, Texas, Pennsylvania, Wyoming, Arizona, New Mexico, Virginia and Florida, among others.

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