FINANCE

Barnes & Noble appoints cable executive as CFO

BY Staff Writer

New York — Barnes & Noble has named former Cablevision executive Michael P. Huseby as CFO.

Huseby, who replaces interim CFO Allen Lindstrom, was executive VP and CFO of cable company Cablevision Systems Corp from 2004 to 2011.

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REAL ESTATE

Whole Foods Market to open in Lynnwood, Wash.

BY Staff Writer

Lynnwood, Wash. — Whole Foods Market will open a store in Lynnwood, Wash., on March 15. It is the first Whole Foods location in the Pacific Northwest to use Glycol as a refrigerant, reducing the amount of chlorofluorocarbons (CFCs) produced by the store.

The store emphasizes a commitment to green practices and environmentally friendly construction, from the LED lighting to the locally sourced, reclaimed Douglas Fir wood visible throughout.

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FINANCE

Sprouts Farmers Market and Sunflowers Farmers to merge

BY Marianne Wilson

New York — Sprouts Farmers Market, a Phoenix-based natural-foods supermarket chain, has reached an agreement to merge with competitor, Sunflower Farmers Market, based in Boulder, Col. Terms of the deal were not disclosed.

The combined company will operate 139 stores in eight states under the Sprouts banner, with annual sales of approximately $2 billion. It will open about 12 new stores this year.

“Our operations are very similar," said Sprouts president Doug Sanders, who will lead the combined supermarket company.

Currently, Sunflower operates 35 stores in Arizona, Nevada, Utah, California, Texas, Colorado, Oklahoma and New Mexico.

"This is a combination that makes great sense given the rapid growth in demand for natural and organic products and the complementary nature of the geography of the two companies," said Andrew S. Jhawar, a senior partner at Apollo Global Management LLC, which acquired a majority stake in Sprouts in 2011.

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