NEW YORK — British supermarket retailer Wm Morrison Supermarkets PLC has acquired a 10% stake in online grocer FreshDirect, based here, for about $50 million, Morrisons said Thursday. In addition, FreshDirect said Rick Braddock has left the company as chief executive officer. Its board of directors has named Jim Manzi, a board member, to assume the responsibilities of chairman, and Jason Ackerman, FreshDirect founder and chief financial officer, to take on additional operational ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.