Merchants T&F Buys Into Sloan's
ere, a financial services company, has purchased 187,500 shares of Sloan's Supermarkets common stock, according to a filing with the Securities and Exchange Commission.
The shares represent 7.82% of Sloan's outstanding shares. Merchants T&F said it bought the stock for investment purposes. It paid from $3.25 to $9 for the shares.
E.S. Schwartz, vice president of Merchants, said company officials intend to meet with Sloan's management to discuss the purchase and Merchant's plans. No date was set for the meeting.
Sloan's, based here, operates 11 stores in the New York metropolitan area. The stores had been operating under the same name but were with different ownership until March 1992, when they were purchased by Designcraft Industries, a company controlled by John Catsimatidis, president of the retailer Red Apple Cos. Designcraft later changed its name to Sloan's Supermarkets.
Merchants T&F also owns the registered trademarks Grossinger's and Jennie Grossinger for all food products. The trademark is licensed to Denk Bakeries, Brooklyn, which produces Grossinger's bread products.
According to Schwartz, the company plans to license the Grossinger trademark for other food products to be sold in supermarkets throughout the East Coast and particularly in the metropolitan New York area.
IGA Completes 3rd TV Ad Flight
CHICAGO -- IGA here has completed the third of four flights of national television commercials planned for 1994.
The latest series of 30- and 60-second spots, geared to the Labor Day holiday, concluded a two-week run Aug. 28 and aired more than 400 times during the 14-day period.
All spots ran on the four cable networks owned by Turner Broadcasting System: Cable News Network, Headline News, TBS and TNT.
A final flight of IGA commercials for 1994 is scheduled for the pre-Thanksgiving period between Nov. 4 and 17. The TV commercials are built around the alliance's "Hometown Proud" campaign and feature vignettes of everyday life, centered on the particular holiday being spotlighted.
Production of the spots and the purchase of air time is paid for by participating manufacturers. Sponsors for the most recent flight included Coca-Cola USA, Coca-Cola Foods, Miller Brewing Co., Nabisco Biscuit Co. and Nabisco Foods Group.
IGA is a voluntary alliance of more than 2,800 licensed stores in the United States.
A State Group Honors Tripp
CHARLOTTE, N.C. -- The North Carolina Food Dealers Association here has named Bob Tripp its 1994 Grocer of the Year.
Tripp is vice president and Charlotte division president of Winn-Dixie Stores, Jacksonville, Fla.
He was presented with the award at the North Carolina association's 67th annual convention, held here earlier this month. Tripp was honored for his contributions to the association, the industry and the community.
Tripp began working for Winn-Dixie in high school and entered its management training program after graduating from Clemson University in 1962. He worked his way up through the company and was named president of the Charlotte division last year.
The North Carolina Food Dealers Association is a 2,000-member trade organization that includes supermarkets, grocery stores, convenience stores and supplier associates.
Wegmans Opens Scranton, Pa. Unit
ROCHESTER, N.Y. -- Wegmans Food Markets here has opened its 49th store and first unit in northeastern Pennsylvania.
The 123,000-square-foot supermarket, which opened Aug. 21, is located in Scranton, Pa. It has 35 checkouts, a pharmacy, an in-store bakery, dry-cleaning service, photo lab and video department.
The store's Market Cafe restaurant features specialty coffees, pasta, pizza, Chinese favorites and other foods.
Wegmans expects to open a second store in northeastern Pennsylvania -- in Wilkes-Barre -- later this year.