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Toys ‘R’ Us names AEO exec as global tech head
Toys “R” Us Inc. is creating a new position of CTO and turning to a veteran of American Eagle Outfitters (AEO) to fill it.
Lance Wills will join Toys “R” Us as executive VP, global CTO effective June 13. He will report directly to chairman and CEO Dave Brandon. In his newly created role, Wills will oversee global and IT digital strategy, including governance and infrastructure.
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Supervalu lays financial groundwork for Save-A-Lot spinoff
Grocery giant Supervalu Inc. is one step closer to separating its troubled Save-A-Lot banner.
Supevalu, which initially announced it was exploring spinning off Save-A-Lot into a standalone, publicly traded company in July 2015, has completed the amendment of an existing $1.5 billion senior secured term loan agreement. This amendment permits the company and its subsidiaries to undertake certain transactions deemed necessary to enable a spinoff of Save-A-Lot.

