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Exec Moves at Gregg Appliances

BY CSA STAFF

Indianapolis, Appliance retailer Gregg Appliances named Don Van der Wiel to the position of CFO effective Oct. 31. Van der Wiel will be replacing Michael D. Stout, who has been promoted to chief administrative officer, also effective Oct. 31. Since 2004, Van der Wiel served as VP of finance for Buffets Holdings, which operates 370 buffet restaurants.

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Report: Kroger Bids for Albertson’s

BY CSA STAFF

New York City, Kroger appears to be in the running for Boise, Idaho-based Albertson’s. According to Reuters, not only has Albertson’s received a preliminary takeover bid from its Cincinnati-based rival Kroger Co., Albertson’s also has generated interest from pharmacy drugstore chains Walgreen Co., Rite-Aid and CVS.

Investment firms Kohlberg Kravis Roberts, Thomas H. Lee Partners and Yucaipa Companies are also in the bidding mix, according to reports. Albertson’s market value is estimated at about $10 billion, plus some $6.5 billion in debt.

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Report: Kroger Bids for Albertson’s

BY CSA STAFF

New York City, Kroger appears to be in the running for Boise, Idaho-based Albertson’s. According to Reuters, not only has Albertson’s received a preliminary takeover bid from its Cincinnati-based rival Kroger Co., Albertson’s also has generated interest from pharmacy drugstore chains Walgreen Co., Rite-Aid and CVS.

Investment firms Kohlberg Kravis Roberts, Thomas H. Lee Partners and Yucaipa Companies are also in the bidding mix, according to reports. Albertson’s market value is estimated at about $10 billion, plus some $6.5 billion in debt.

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