Content about Economy of the United Kingdom

March 28, 2014

Rexam, a global beverage can maker, announced that its recovery drink, Formula O2, has hit the market.

CHICAGO — Rexam, a global beverage can maker, announced that its recovery drink, Formula O2, has hit the market. The beverage, available in Orange Mango and Grapefruit Ginger flavors, is infused with 10 times more oxygen than tap water, 2.5 times more electrolytes than sports drinks and also includes 140 mg of natural caffeine.

Formula O2 was founded by three friends who grew tired of energy and sports drinks that claimed to help people, but were actually filled with unsavory ingredients. 

March 25, 2014

Safeway on Monday announced it has been named one of the 2014 World's Most Ethical Companies by the Ethisphere Institute.

PLEASANTON, Calif. — Safeway on Monday announced it has been named one of the 2014 World's Most Ethical Companies by the Ethisphere Institute. This is the fourth time and third consecutive year that Safeway has been recognized by Ethisphere for its commitment to maintaining superior business practices. Safeway is the only U.S. large retailer to receive this distinction. 

March 10, 2014

Reckitt Benckiser announced that it would acquire global rights to personal lubricant brand K-Y from Johnson & Johnson.

SLOUGH, England — Reckitt Benckiser announced that it would acquire global rights to personal lubricant brand K-Y from Johnson & Johnson. The transaction is expected to close mid-2014.

K-Y started as a prescription medical device in 1917 before switching to the OTC category in 1980. K-Y will join Reckitt Benckiser brand Durex in the sexual wellness category.

February 21, 2014

The National Association of Chain Drug Stores Retail Advisory Board will be heading to London on Feb. 25 to examine key marketplace trends, including multigenerational retailing, how the omni-channel is improving the shopping experience, urban retailing and managing OTC medications.

ALEXANDRIA, Va. — The National Association of Chain Drug Stores Retail Advisory Board will be heading to London on Feb. 25 to examine key marketplace trends, including multigenerational retailing, how the omnichannel is improving the shopping experience, urban retailing and managing OTC medications.

February 20, 2014

Bloomberg on Thursday lined up the potential suitors in discussion with Safeway on a sale of the grocer, citing people with knowledge of the matter.

NEW YORK — Bloomberg on Thursday lined up the potential suitors in discussion with Safeway on a sale of the grocer, citing people with knowledge of the matter. 

Firms CVC Capital Partners and Leonard Green & Partners are among the the interested parties, as is Cerberus Capital Management. 

KKR & Co. bought Safeway in 1986 for about $4.3 billion, according to data compiled by Bloomberg. The retailer went public in 1990.

December 11, 2013

Safeway on Tuesday evening announced the appointment of Brian Baer to president of the company's Eastern Division.

PLEASANTON, Calif. — Safeway on Tuesday evening announced the appointment of Brian Baer to president of the company's Eastern Division.

"Brian's proven management skills and experience will serve our customer base well in the Eastern Division," stated Kelly Griffith, Safeway EVP retail operations.

November 27, 2013

Recognizing the growing opportunity within travel retail — which represents products sold within such travel distribution channels as airports, cruises and duty-free shops — the L’Oréal group has created a new Group Travel Retail division.

PARIS — Recognizing the growing opportunity within travel retail — which represents products sold within such travel distribution channels as airports, cruises and duty-free shops — the L’Oréal group has created a new Group Travel Retail division.

The new division will include the L’Oréal Luxe brands, as well as brands from divisions Active Cosmetics, Professional Products, Consumer Products and The Body Shop. The new division will be based in the Paris suburb of Levallois.

November 27, 2013

The Yucaipa Cos., a U.S.-based private investment firm, officially acquired Fresh and Easy Neighborhood Market from U.K.-based Tesco PLC, the company said.

EL SEGUNDO, Calif. — The Yucaipa Cos., a U.S.-based private investment firm, officially acquired Fresh and Easy Neighborhood Market from U.K.-based Tesco PLC, the company said on Wednesday.

Fresh and Easy customers will see numerous changes — including improvements in convenience, hours and customer service —  in the coming weeks.

November 4, 2013

Unilever and Manchester United have inked a three-year regional partnership in South East Asia whereby Unilever will become the Club’s official personal care and laundry partner in nine countries, including Singapore, Malaysia, Indonesia, Vietnam, Philippines, Thailand, Cambodia, Laos and Myanmar.

MANCHESTER, England — Unilever and Manchester United have inked a three-year regional partnership in South East Asia whereby Unilever will become the club’s official personal care and laundry partner in nine countries, including Singapore, Malaysia, Indonesia, Vietnam, Philippines, Thailand, Cambodia, Laos and Myanmar.

A number of Unilever’s most popular personal care and laundry products, such as Clear, Omo and Rexona, will now carry the Manchester United crest.

October 24, 2013

Coupons.com on Thursday announced the appointment of former Safeway executive Mir Aamir as the company’s CFO and COO. He will oversee all financial and accounting functions.

MOUNTAIN VIEW, Calif. — Coupons.com on Thursday announced the appointment of former Safeway executive Mir Aamir as the company’s CFO and COO. He will oversee all financial and accounting functions.  

The roles are presently managed by Richard Hornstein, the company’s CFO and general counsel. Hornstein will continue in the role of general counsel and chief legal officer, a role he has held for the past two-and-a-half years. Aamir, in addition to the finance functions, will also oversee the company’s operations and the international business.

October 16, 2013

The Body Shop has acquired a majority stake in Brazil’s Emporio Body Store, L'Oréal has announced.

PARIS — The Body Shop has acquired a majority stake in Brazil’s Emporio Body Store, L'Oréal has announced.

September 17, 2013

Safeway on Tuesday announced that it has adopted a one-year stockholder rights plan.

PLEASANTON, Calif. — Safeway on Tuesday announced that it has adopted a one-year stockholder rights plan. 

The company has become aware of an accumulation of a significant amount of the common stock of the company, Safeway stated. The board of directors believes that the rights plan will help promote the fair and equal treatment of all stockholders of the company and ensure that the board remains in the best position to discharge its fiduciary duties to the company and its stockholders. 

September 16, 2013

Food Network host Marcela Valladolid has teamed up with Safeway to create the Marcela Valladolid brand, the grocer announced Monday.

PLEASANTON, Calif. — Food Network host Marcela Valladolid has teamed up with Safeway to create the Marcela Valladolid brand, the grocer announced Monday. The new Safeway-exclusive Marcela Valladolid brand offers an assortment of quality and flavorful food products that make it easy for shoppers to bring home a taste of Mexico.

September 10, 2013

Private investment firm Yucaipa Cos., which was founded by billionaire Ron Burkle, has announced that it plans to acquire Fresh & Easy Neighborhood Market from U.K.-based Tesco PLC.

EL SEGUNDO, Calif. — Private investment firm Yucaipa Cos., which was founded by billionaire Ron Burkle, has announced that it plans to acquire Fresh & Easy Neighborhood Market from U.K.-based Tesco PLC.

Yucaipa's purchase is slated to be complete within three months. In the meantime, it is expected to be business as usual for most Fresh & Easy stores.

July 31, 2013

Safeway and The Safeway Foundation are teaming up with The Muscular Dystrophy Association for an annual fundraising campaign to support individuals and families affected by muscle disease, the supermarket retailer announced Wednesday.

PLEASANTON, Calif. — Safeway and The Safeway Foundation are teaming up with The Muscular Dystrophy Association for an annual fundraising campaign to support individuals and families affected by muscle disease, the supermarket retailer announced Wednesday. 

May 15, 2013

Alliance Boots on Wednesday reported a double-digit profit gain for its year ended March 31.

BERN, Switzerland — Alliance Boots on Wednesday reported a double-digit profit gain for its year ended March 31. Underlying profit after tax was up 12.7% to $1.2 billion, though revenue was down slightly by 2.6% to $34.2 billion. 

May 10, 2013

Alliance Boots on Friday announced that it has distributed its equity interest in Galenica, its Swiss associate, to the group’s ultimate parent company, AB Acquisitions Holdings, in accordance with the terms of the agreement with Walgreens reached last year.

BERN, Switzerland — Alliance Boots on Friday announced that it has distributed its equity interest in Galenica, its Swiss associate, to the group’s ultimate parent company, AB Acquisitions Holdings, in accordance with the terms of the agreement with Walgreens reached last year.

Galenica continues as an associate of AB Acquisitions Holdings. Stefano Pessina, executive chairman of Alliance Boots, continues as non-executive director of Galenica while Etienne Jornod, executive chairman of Galenica, stays as a non-executive director of Alliance Boots.

April 1, 2013

Safeway has launched its annual April fundraising campaign to benefit people with disabilities, the supermarket chain said.

PLEASANTON, Calif. — Safeway has launched its annual April fundraising campaign to benefit people with disabilities, the supermarket chain said Monday.

The company said The Safeway Foundation, its philanthropic arm, had launched the campaign to benefit Easter Seals, Special Olympics and other groups, saying its Support for People with Disabilities campaign had contributed more than $140 million.

March 27, 2013

Alliance Boots on Wednesday announced its contract manufacturing business BCM will invest heavier into core competency categories, such as beauty and skin care, as it discontinues third-party manufacturer development in unnamed "unprofitable" categories.

LONDON — Alliance Boots on Wednesday announced its contract manufacturing business BCM will invest heavier into core competency categories, such as beauty and skin care, as it discontinues third-party manufacturer development in unnamed "unprofitable" categories. 

March 26, 2013

Safeway has agreed to install SoloHealth Station kiosks across almost 700 stores as part of a multiyear agreement, SoloHealth announced Tuesday.

ATLANTA — Safeway has agreed to install SoloHealth Station kiosks across almost 700 stores as part of a multiyear agreement, SoloHealth announced Tuesday. 

“Safeway shares our commitment of empowering consumers to take charge of their health,” stated Stephen Kendig, chief commercial officer and EVP SoloHealth. “We believe that access, awareness and education are keys to a healthy lifestyle, and we’re bringing comprehensive health and wellness services directly to Safeway’s customers.”

March 22, 2013

A report published Thursday in the Los Angeles Times estimated that U.K.-based Tesco has lost up to $2 billion in its failed Fresh & Easy California venture. Tesco had placed the troubled grocer on the sales bloc in December following the departure of Fresh & Easy CEO Tim Mason.

LOS ANGELES — A report published Thursday in the Los Angeles Times estimated that U.K.-based Tesco has lost up to $2 billion in its failed Fresh & Easy California venture. Tesco had placed the troubled grocer on the sales bloc in December following the departure of Fresh & Easy CEO Tim Mason. 

March 15, 2013

Safeway announced the retirement of Bruce Everette, EVP retail operations. Kelly Griffith, current president of merchandising, has been chosen to succeed Everette.

PLEASANTON, Calif. — Safeway on Friday announced the retirement of Bruce Everette, EVP retail operations. Kelly Griffith, current president of merchandising, has been chosen to succeed Everette.

"We are deeply grateful to Bruce for his significant and lasting contribution to our company's success," stated Steve Burd, chairman and CEO. "He is the consummate operating executive whose results and people-oriented approach to the business leave an unmistakable imprint on who we are as a company."

March 14, 2013

Safeway has been named one of the 2013 World's Most Ethical Companies by the Ethisphere Institute, the company announced Thursday.

PLEASANTON, Calif. — Safeway has been named one of the 2013 World's Most Ethical Companies by the Ethisphere Institute, the company announced Thursday.  

February 4, 2013

U.K. grocer Tesco is attempting to reassure shoppers that its United States-based Fresh & Easy supermarkets are not closing after announcing in December plans to exit the U.S. market, Bloomberg News reported Friday.

NEW YORK — U.K. grocer Tesco is attempting to reassure shoppers that its United States-based Fresh & Easy supermarkets are not closing after announcing in December plans to exit the U.S. market, Bloomberg News reported Friday. 

December 5, 2012

Tesco placed its U.S. supermarket business Fresh & Easy on the sales bloc Wednesday, in conjunction with an announcement that Fresh & Easy CEO Tim Mason has left the company.

EL SEGUNDO, Calif. — Tesco placed its U.S. supermarket business Fresh & Easy on the sales bloc Wednesday, in conjunction with an announcement that Fresh & Easy CEO Tim Mason has left the company.