OPERATIONS

Delhaize names Supervalu exec as CEO Delhaize Americas

BY Dan Berthiaume

Brussels, Belgium – Delhaize Group has appointed Kevin Holt as CEO for Delhaize America. Holt, formerly president of retail operations at Supervalu, will also become a member of the Delhaize Group executive committee and will start effective July 7 and lead the group’s U.S. operations.

Holt comes to Delhaize Group with more than 20 years of retail leadership experience in operations, strategy and information technology. Prior to Supervalu, he served for three years with Sears Holding Company and 14 years with Meijer, working in various leadership positions including executive VP of retail operations and senior VP of IT/services and strategic planning. Before moving into the retail industry, Holt spent nine years at NCR.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
OPERATIONS

DeMoulas fires CEO, execs

BY Dan Berthiaume

Tewksbury, Mass. – Demoulas Supermarkets Inc. has fired CEO Arthur T. Demoulas. The retailer also fired director of operations Bill Marsden and VP of grocery Joe Rockwell.

Demoulas had been waging a public battle with his cousin Arthur S. Demoulas, a stakeholder and director of the company, about finances. Arthur T. Demoulas has claimed that his cousin seeks to raise prices and lower wages. The cousins have also publicly disagreed about agreements with suppliers and vendors.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
FINANCE

Oracle acquires Micros

BY Dan Berthiaume

Redwood Shores, Calif. – Oracle Corp. has acquired Micros Systems, a provider of integrated retail and hospitality enterprise solutions, for $5.3 billion. This figure is 27-times Micros’ current earnings.

Micros offers on-premise and hosted cloud implementations of front- and back-office applications. Retail solutions include POS, e-commerce, CRM, merchandise planning and loss prevention.

On the retail side, this purchase provides Oracle with a leading position in the POS marketplace. Micros is also a leading provider of mobile POS solutions for the specialty retail and table service restaurant verticals. Other areas where Micros offers Oracle built-in strength include loss prevention and hosted business intelligence.

Micros’ management and employees will form a dedicated business within Oracle, and until the transaction closes, Oracle and Micros will continue to operate independently and it is business as usual. The board of directors of Micros has unanimously approved the transaction. The transaction is expected to close in the second half of 2014, subject to customary terms and conditions.

“We expect this transaction to be immediately accretive to Oracle’s earnings on a non‐GAAP basis and to expand over time,” said Oracle president and CFO Safra Catz.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...