Hints and tips:
...Kroger’s strong debt rating means it will not need to repay the earlier debts, as legal covenants would have required if the buyer had a weaker financial profile....
...“It’s not only Aldi doing this deal, you’ve got Kroger and Albertson looking to merge.”...
...John Elkann, chair of Stellantis and scion of the billionaire Agnelli industrial dynasty, wrote in his most recent annual letter to shareholders that the Ocado investment had been the portfolio’s biggest...
...Was the world crying out for a bawdy comedy set in a Swiss alpine hotel starring Mickey Rourke, John Cleese and Fanny Ardant? No? but it’s directed by Roman Polanski....
...(Construction Physics) — The smash and grab of Kroger-Albertsons (BIG by Matt Stoller) — RNS watch: Naked Wines does its post-Covid pivot; Dunelm’s in line; Travis Perkins is a bit cautious; Jupiter says...
...Yet Brickability chair John Richards argued that brick imports, which made up 20 per cent of the market last year, have some defensive qualities....
...Albertsons and Kroger will have a hard time arguing that they’re not rivals....
...It is one of the motivations for US grocery giant Kroger’s planned acquisition of rival Albertsons....
...Executives from Burberry to Kroger have hailed the continued appetite for costlier items from leather bags to premium-priced Murray’s Cheese....
...John Gapper is business columnist of the FT Weekend Follow @FTMag on Twitter to find out about our latest stories first...
...She succeeds John Warnken-Brill, who is retiring from the role. Burberry has appointed McKinsey veteran Orna NíChionna as senior independent director of its board....
...John Furner, chief executive of Walmart US, said on Friday afternoon that, effective immediately, fully vaccinated customers were welcome to shop at its eponymous stores and Sam’s Club outlets “without a...
...John Grant, president of UFCW Local 770, said too many store managers were preoccupied with sales and there were still too many customers in stores, especially in poorer communities....
...Both cases contrast with many well-known retail and food companies in the US, such as McDonald’s, Subway and Kroger, which have tens of thousands of employees without paid sick leave....
...This week grocers Kroger and Costco Wholesale began limiting customer meat purchases to ration supplies....
...Employee-owned John Lewis, which operates department stores and the upmarket Waitrose supermarkets, is set to report another fall in annual profit on Thursday following weak festive trading....
...He added: “I am delighted and privileged to be back within the John Lewis Partnership family.”...
...john.gapper@ft.com...
...He joins as a group managing director reporting to group chief executive John Flint. We're looking to feature more job moves....
...In the US, New York Fed president John Williams and Cleveland Fed president Loretta Mester will be among the central bank officials to give remarks....
...Thursday 16:30 BST What’s happening ● Kroger dropped after second-quarter results from the US grocery chain disappointed....
...anticipated listing (FT) US names three defendants in Mozambique ‘tuna bond’ scandal (FT) Hedge fund tosses family that controls maker of OxyContin (WSJ) Sports Direct demands Debenhams board clear-out (FT) Kroger...
...John Mulligan, chief operating officer of the S&P 500 retailer Target, told investors that it had “aggressively chased” the toy market....
...GE in crisis John Flannery managed little more than 12 months as chief executive of General Electric before he was ousted....
...“Our supply chain, fundamentally, was built for the Walmarts and the Krogers of the world. Amazon has a very different business model....
International Edition