AHOLD, Zaandam, Netherlands, and Velox Retail Holdings, Buenos Aires, Argentina, said a tender offer for the remaining common shares and American Depositary Shares of Disco, a 109-store supermarket chain the companies jointly own, expired Dec. 18.
oard of directors has authorized an offering of additional shares of common stock to shareholders with purchasing rights. The company said the size of the offering is $60 million.
THE GREATER METROPOLITAN FOOD COUNCIL won a victory in U.S. District Court in Manhattan last week when Judge Deborah Batts ruled against a New York City law that banned advertising for tobacco products on city streets and severely limited such advertising inside stores.
VITALE ENTERPRISES Old Tappan, N.J., and its official creditors committee have filed a joint plan of liquidation with the U.S. Bankruptcy Court in Trenton, N.J. That plan is expected to be confirmed by the court late next month and then distributed to creditors as part of a disclosure statement, Ed Bond, the court-appointed person responsible for Vitale, told SN.
FORMER BIG B OFFICIALS COMPLY WITH SECNEWSWATCH, Ala. -- The former principals of Big B, a onetime independent drug store chain here, have agreed to the entry of a cease-and-desist order in an administrative proceeding in which the Securities and Exchange Commission accused them of making incorrect statements to the press, the SEC said last week. The SEC said Anthony J. Bruno, former chairman and chief executive officer of Big B, and his son, James A. Bruno, former executive vice president, have agreed not to violate the commission's antifraud provisions after being cited for disseminating misleading information to reporters and then failing to correct the misinformation in 1996, shortly before Big B was sold to Revco.
NETCO FOODS, Chico, Calif., has changed its corporate name to Richmar Foods "to better reflect the current ownership and management," said Richard Linton, president. Richmar Foods owns and operates Food 4 Less stores in seven California cities.
BOZZUTO'S, Cheshire, Conn., has reached an agreement with Haledon, N.J.-based Nicholas Markets to become the supermarket chain's wholesale distributor, the company said. Bozzuto's serves more than 250 supermarkets in the Northeast under the Adams IGA banner.
JEWEL FOOD STORES, Melrose Park, Ill., said a 71,500-square-foot Jewel-Osco store will be the anchor tenant in an 18-acre retail center in a middle-income neighborhood on Chicago's South Side, which is being developed with $5.1 million of tax-incentive funding from the city of Chicago and a $12 million community development block grant loan from the U.S. Department of Health and Human Resources.
THE NATIONAL ASSOCIATION OF CONVENIENCE STORES, Alexandria, Va., lost one of its active members, Jim E. Yates, who was killed in a plane crash in Arkansas. Yates, a former NACS chairman, was chairman of the board of Texarkana, Texas-based E-Z Mart Stores.
THE FOOD MARKETING INSTITUTE, Washington, released a report last week that claims food retailers are making the federal Women, Infants and Children program work. According to the FMI, the report states that despite problems with reimbursement, private-label food and pricing policies, licensing and other matters, improved communication and other factors have helped the industry work with the government in providing supplemental nutrition for low-income women, their infants and children under age five.
LOBLAW COS., Toronto, and West Des Moines, Iowa-based Hy-Vee pledged $250,000 and $100,000, respectively, to the Food Marketing Institute, Washington, and the FMI Foundation for Safeguarding Our Last Link, a year-long initiative to raise funds for consumer-education programs on safe food handling. Hy-Vee's pledge marks the first six-figure donation from a regional grocery retailer, the FMI said. Thus far the program has attracted $2,365,000 in total gifts Other gifts received include the following: Albertson's ($500,000); Frito-Lay ($500,000); MMI's Herb Pease ($500,000) and Jax Markets ($15,000). In addition, the FMI contributed $500,000.
IGA, Chicago, said some of its members from the Midwest and West were instrumental in helping make the first-ever American-style supermarket in Singapore a reality. Liberty IGA Market, a 25,000-square-foot store, was a cooperative effort that included intense research and data from focus groups, according to IGA.
CARR GOTTSTEIN FOODS, Anchorage, Alaska, has kicked off a Swipe Away Hunger campaign. Every Carrs store is offering customers special coupons, which are available at checkstands. If a customer hands a coupon to a checker, the coupon is scanned, adding $2 to the customer's receipt. That $2 is then funneled to a fund used to provide hot meals for the hungry.