Content about Company Reorganization

BENTONVILLE, Ark. — More than a dozen executives in Walmart’s merchandising organization, including several with key healthcare responsibilities, will begin the new fiscal year with different responsibilities following a restructuring announced on Thursday.

An internal announcement from Duncan Mac Naughton, Walmart’s chief merchandising and marketing officer detailed the moves involving executives with responsibilities for food, consumables, health and wellness, general merchandise, merchandise execution and private label.

ROCHESTER, N.Y. — Kodak is selling its digital imaging patents for $525 million, the bankrupt photography company said.

The sale of the more than 1,100 patents, part of the company's restructuring efforts as it seeks to emerge from chapter 11 bankruptcy restructuring, involves the sale of the patents to a group of companies organized by Intellectual Ventures and RPX. According to published reports, companies buying the patents include Apple, Research In Motion and Google. Others include Adobe, Samsung, Fujifilm and China-based Huawei Technologies.

ATLANTA – In addition to an extensive structural makeover, dubbed the "Growth Game Plan", Newell Rubbermaid president and CEO Mike Polk announced a new leadership team that includes outside appointments to several executive positions.

MINNEAPOLIS — While Supervalu has completed its overhaul of its value proposition across its Jewel-Osco banner, the grocer will be analyzing the impact before replicating the price repositioning across its entire chain, the Minnesota-based supermarket chain announced Thursday morning. "We continue to have a market-leading price position amongst conventional food retailers in three markets," Wayne Sales, Supervalu president, CEO and chairman told analysts during the second-quarter conference call.

How do you transform a drug store into something else? Something new. Something no one has ever seen before. And what would it look like? 


To truly reinvent something, you have to be willing to let go of everything you’ve ever known or thought you knew about it; you need to erase all of the preconceptions and abandon the archetypes of what you think it is, what people told you it should be. You need to find the white space. 


WHAT IT MEANS AND WHY IT'S IMPORTANT — The journey to a complete turnaround begins with the first step. Supervalu's restructuring, refocusing and revitalizing the executive team may have been the first step, but it's been quickly followed by the second — culling out underperforming stores and reinvesting those saved dollars into that refocused, revitalized business. The question, really, is this: Is 60 enough? Is closing out 60 underperforming or nonstrategic stores out of the company's total 2,400-plus store base (including Save-A-Lot), enough?

ATLANTA — Coca-Cola has streamlined its operating structure and the senior leaders for those businesses, the company said.

Effective Jan. 1, 2013, Coca-Cola will organize around three major operating businesses: Coca-Cola International — which will consist of the company's Europe, Pacific and Eurasia and Africa operations; Coca-Cola Americas — which will consist of the company's North America and Latin America operations; and the Bottling Investments Group, which oversees the Coca-Cola-owned bottling operations outside of North America.

MONTVALE, N.J. — Grocer A&P has emerged from bankruptcy as a privately held company.

As previously announced, Mount Kellett Capital Management, The Yucaipa Cos. and investment funds managed by Goldman Sachs Asset Management, have provided $490 million in debt and equity financing to sponsor A&P’s reorganization plan and complete its balance sheet restructuring. In addition, JP Morgan and Credit Suisse arranged a $645 million exit financing facility.

CINCINNATI — Procter & Gamble announced on Friday that second-quarter net sales and organic sales rose 4% as net earnings dropped 49%.

CINCINNATI — Procter & Gamble’s former chairman and CEO John Smale — who was instrumental in creating a new vision for P&G to be a truly global company focused on providing an even broader range of innovative products to the world’s consumers — died on Nov. 19. He was 84.

Current chairman and CEO Bob McDonald reflected on the influence Smale had on himself and others, "I will remember John most for his character and how he represented the soul of the company: Purpose-inspired, caring yet demanding, principled, and humble."

PALM CITY, Fla. — GelStat Corp. on Tuesday announced it has retained Scarsdale Equities as its financial adviser to explore various strategic alternatives.

"The company is in the final stages of its restructuring that began in 2008 and the timing is optimal for us to fully analyze all of our strategic options," stated Gerald Kieft, CEO of GelStat Corp.