A&P sells 12 Superfresh stores, to close 13 others
New York —The Great Atlantic & Pacific Tea Company (A&P), which is working its way through Chapter 11, will close 13 Suprefresh stores in the Baltimore area in July because it can’t find anyone to buy the properties, The Baltimore Sun reported.
A&P announced in April that it was looking trying to sell 25 Superfresh stores, mostly in the Baltimore area. It announced earlier this week it had found buyers for 12 locations, and notified the bankruptcy court in New York on Wednesday. The company said it should generate more than $40 million from the sale of the stores.
Mega Brands to create Thomas & Friends construction sets through renewed licensing deal
MONTREAL — Mega Brands announced that it has extended its licensing agreement with Hit Entertainment to develop construction sets based on Thomas & Friends.
Under the expanded contract, Mega Brands is granted the global rights to create all-new construction toy sets based on the exciting world of Thomas & Friends, including new iconic characters and Island of Sodor destinations straight from the popular long-running television series, according to a press release.
"The Mega Bloks Thomas & Friends building sets have been very successful and we look forward to our continued relationship with HIT Entertainment," said Vic Bertrand, chief innovation officer of MEGA Brands. "We’re delighted to bring these beloved characters and adventures to life for children and families to enjoy."
Delhaize Group elects new members to board
BRUSSELS — The Belgium-based parent company of Delhaize America, which operates such banners as Food Lion and Harveys in the United States, has elected new members to its board of directors.
Delhaize Group on Thursday confirmed that its shareholders approved Hugh Farrington as director for a term of three years, as well as Jacques de Vaucleroy and Baron Vansteenkiste as independent directors for a term of four years each. What’s more, shareholders also approved the appointment of Jean-Pierre Hansen, William McEwan and Mats Jansson as independent directors for a term of three years.
Additionally, Delhaize Group’s president and CEO, Pierre-Olivier Beckers, confirmed the earlier-announced capital expenditures and network expansion guidance for the full year 2011.