CHARLESTON, S.C. — The sale of 28 stores to Bi-Lo and Harris Teeter will allow Piggly Wiggly Carolina here to put itself in a better financial position for the future, an advisor to the company told SN.
QUINCY, Mass. — Ahold USA has filed suit against the makers of the drug Solodyn, citing “substantial losses” resulting from the drug maker’s attempts to keep the top-selling acne treatment from being available in cheaper generic form.
TEWKSBURY, Mass. — A board-led attempt to cool anxieties at Market Basket stores was met skeptically by employees last week, who remained concerned over potential cuts in profit sharing and the removal of the chain’s popular chief executive officer, Arthur T. Demoulas.
BRUSSELS — Disappointed at being passed over for promotion to chief executive officer of Delhaize Group, Roland Smith abruptly resigned as the retailer’s U.S. CEO last week while observers looked to see who might follow him out the door.
TEWKSBURY, Mass. — Arthur T. Demoulas, chief executive officer of Demoulas Supermarkets, on Thursday asked a Massachusetts Superior Court judge to invalidate all actions of the company’s board of directors since July 18, alleging the deciding vote in matters since then was made by a board member that was not “disinterested and independent” as required by a previous court order.
TEWKSBURY, Mass. — The three newly elected members of the Demoulas Market Basket board of directors told employees that they have “moved thoughtfully” to improve corporate governance at the parent of Market Basket stores, and were committed to its “More For Your Dollar” philosophy.
JACKSONVILLE, Fla. — Bi-Lo Holdings, whose private owners have spent the last few years assembling and reassembling a collection of regional Southern supermarket brands, may now be ready for the public markets.
ASHEVILLE, N.C. — Laura Ingle Sharp, daughter of the founder of Ingles Markets here and a member of its board of directors, has sold nearly all her stock in the company, according to filings with the Securities and Exchange Commission.
TEWKSBURY, Mass. — The board of directors of Demoulas Supermarkets last week approved a $250 million dividend, and moved to establish a line of credit and hire executive search firm that could lead to new management for the parent of Market Basket stores, a source briefed on the meeting told SN.
MONTREAL — Metro Inc. said last week that it would convert as many as six conventional stores in Ontario to the discount Food Basics banner and execute labor buyouts and closures at an unspecified number of other Metro locations as it adjusts to a “very intense” market sparked by new competition.