- Published: Saturday, January 28 2017 15:01
This is the official announcement for the Romeo Brunch to be held on Friday, February 23rd at 11:30 am on the patio of the General Store. This week started off with a real chill in the air as a result of a 20 to 25 mile wind off the ocean...........ok, so I am exaggerating slightly. It is beginning to get warmer starting tuesday and we can hope it continues. We certainly are seeing the winter visitors from the much colder parts of this country and it is important that we make them feel welcome. Not many people will talk to these people with such pale skin and tank top tee shirts. Curt Larson is in town for several weeks and he is attempting to hone his golf game, and experiencing some forms of frustration. He is a classic example of someone attempting to play with wooden shafted clubs and the feathered golf ball. We have to introduce him to the new technology before the Walker Open. Hope all is well with everyone. GerryWrite comment (0 Comments)
The June 2015 issue of the club's Connections newsletter has been delayed. The newsletter is scheduled be published in July.
Members can access the Connections newsletter archive by clicking HERE. and then click on the Connections logo to access the archive.
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SOURCE AB Acquisition LLC
BOISE, Idaho, May 15, 2015 /PRNewswire/ -- AB Acquisition LLC, parent company of Albertson's LLC, New Albertson's, Inc., and Safeway Inc. (collectively Albertsons) announced today that Mark Panzer has been named Senior Vice President of Pharmacy, Health & Wellness, overseeing the company's 1,760 pharmacies in 34 states across the country. Panzer replaces Darren Singer, who has left the company to pursue other opportunities.
Panzer's retail career began at Osco Drug stores over 40 years ago. He moved into roles in Regional Sales and Marketing and Regional Operations for the drug store chain, eventually serving as District Manager as well as Director and subsequently Vice President of Sales and Marketing with American Drug Stores. Those roles led to his being named Senior Vice President of Sales and Marketing for Albertsons following its merger with American Stores in 1999. In 2001, Mark left the company to join Rite Aid as Executive Vice President of Store Operations, and in 2005 was named Senior Executive Vice President and Chief Marketing Officer for that company, leaving in 2008 to become President & CEO of Pharmaca Integrative Pharmacy, Inc.
"Mark understands and appreciates the entrepreneurial spirit that embodies how we go to market across our divisions, and we're thrilled that he's chosen to come back to our team," said Shane Sampson, Chief Marketing & Merchandising Officer for Albertsons. "Early on in his career, Mark was part of the team that helped define what great customer service meant for pharmacy operations in a grocery company. Moreover, he has proven himself to be an extraordinary leader throughout his career and is well respected throughout the industry. His extensive retail, sales, and marketing experience will be invaluable to our Pharmacy team as we move forward with our goal to be the Favorite Local Supermarket™ for our customers and employees."
Panzer's new role is effective immediately, and he will relocate to the Boise office in the coming weeks.
About AB Acquisition LLC
AB Acquisition LLC, the parent company of Albertson's LLC, New Albertson's, Inc., and Safeway Inc., is one of the world's largest food and drug retailers, with more than 2,200 stores and 1,700 pharmacies in 34 states and the District of Columbia under 18 banners, including Albertsons, Safeway, Vons, Jewel-Osco, Shaw's, Acme, Tom Thumb, Randalls, United, Pavilions, Star Market, Market Street, Amigos, and Carrs. The company is privately owned by a consortium led by Cerberus Capital Management.
Supervalu is being acquired in a deal that will mark the former grocery giant’s exit from retailing.
The company said Thursday that it is being acquired by grocery wholesaler United Natural Foods in a transaction valued at roughly $2.9 billion, or $32.50 per share in cash, including the assumption of outstanding debt and liabilities. The deal would create one of the nation’s largest food distributors, combining Supervalu’s strength in conventional grocery items with United Natural Foods’ emphasis on natural and organic products.
The deal will also mark the final stage of the Eden Prairie, Minn.-based company’s exit from supermarket retailing. The combined firm plans to divest Supervalu’s retail assets “in a thoughtful and economic manner,” though no schedule was given. During the past two years, the company has been shifting its emphasis from its retail to grocery wholesale business. In May, the company completed its previously announced sales of 21 of its 38 Farm Fresh stores to three different retailers, leaving it with 114 supermarkets under the Cub Foods, Hornbacher’s and Shoppers banners.
The transaction, which has been approved by the boards of both companies, comes just three weeks before Supervalu’s shareholders were scheduled to vote on whether to replace the board of the company with a slate of candidates backed by activist investor Blackwells Capital, who took a stake in it about a year ago. The firm has been urging the sale of Supervalu’s remaining stores.
“The combination of United Natural Foods and Supervalu provides a substantial premium and delivers certainty of value to our stockholders, meaningful benefits to our customers, expanded opportunities for our employees, and the ability for us and our vendors to efficiently serve a varied customer base,” said Mark Gross, CEO of Supervalu. “We have been executing an ambitious strategic transformation for over two years. We believe that this transaction is the best and natural next step for our stockholders, customers and employees.”
The CEO and chairman of United Natural Foods, Steven Spinner will lead the combined entity. Sean Griffin, United Natural Foods’ COO, will lead the Supervalu integration efforts, post close, and lead an integration committee comprised of executives from both companies.
“Combining our leading position in natural and organic foods with Supervalu’s presence in fast-turning products makes us the partner of choice for a broader range of customers,” Spinner said. “These benefits, plus our increased efficiency and productivity, will enable us to create value for our shareholders, enhance opportunities for our suppliers, provide a broader assortment for our customers and create new prospects for our associates over the long term.”
The transaction, expected to close in the fourth quarter of 2018, has been approved by the boards of directors of both companies and is subject to antitrust approvals, Supervalu shareholder approval and other customary closing conditions.Write comment (0 Comments)