Imagine a lifelong Procter & Gamble employee suddenly named CEO of Walmart and that is essentially what happened at leading global retail Tesco where the company has named long time Unilever executive Dave Lewis as its next CEO.
Unilever has sold its Slim-Fast brand to Kainos Capital. The supplier of food, home and personal care products will retain a minority stake in the business. Terms of the transaction, which was completed late this week, were not disclosed.
Specialty beverage retailer BevMo! has appointed former Safeway executive Douglas J. Ratto as the company's EVP, chief merchant. Ratto will lead the buying, planning, allocations and distribution teams at BevMo!
Leading U.K. food retailer Sainsbury just past online grocery sales of £1 billion ($1.6 billion U.S.) and to celebrate the occasion announced plans to open its first dedicated online fulfillment center in east London.
Catalog Spree, a digital mall that lets consumers browse, discover and shop their favorite brands, has launched a new beauty department in its mobile shopping app with lookbooks for Sephora, Beauty.com, Avon, Bliss and the Body Shop.
Balance Innovations, a provider of reconciliation and cash office management solutions for the retail industry in the United States and Canada, has named former Safeway executive Steve Rempel president and CEO.
The Manufacturing Leadership Council, a global business network for senior industrial executives, has elected Dana S. Deasy, group CIO and group VP of information technology and services at BP, to the board of governors.
Safeway’s Lucerne brand cow is the face of the company’s eighth annual Lucerne: The Art of Dairy art contest. Safeway chose nine student finalists whose life-size fiberglass cows stand to win one of them a $30,000 grand prize.
Best Buy is leaving the European market. The company is selling its stake in a joint European venture with U.K.-based consumer electronics retailer Carphone Warehouse Group PLC for cash and stock worth about $775 million USD.
U.K.-based Tesco has lost up to $2 billion in its failed Fresh & Easy California venture, according to a report by the Los Angeles Times — Tesco had placed the troubled grocer on the sales bloc in December following the departure of Fresh & Easy CEO Tim Mason.