Family Dollar’s Mahoney to Retire
Matthews, N.C., George R. Mahoney, Jr. is retiring from Family Dollar Stores as executive VP, general counsel and secretary. During his tenure with the company, Mahoney had responsibility for various areas, including legal, investor relations, corporate communications and human resources. His retirement will be effective May 27.
Carrefour Eyes Cyprus Chain
Paris, Carrefour plans to expand its presence in Cyprus with the purchase of Chris Cash & Carry. The deal is valued at about $46.8 million (37 million euros). Carrefour is the largest food chain in neighboring Greece.
Albertsons to Exit Jacksonville Market
Boise, Idaho, Albertsons has agreed to sell all seven of its stores in the Jacksonville, Fla., market to independent operator Rob Rowe, who is a former executive of Winn-Dixie, published reports say. The deal, for which no purchase price was disclosed, is expected to close by mid-July, the grocer said. Albertsons said the stores are located in Jacksonville, St. Augustine and Orange Park. Buyer Rowe previously managed Winn-Dixie’s SaveRite Grocery Warehouse division before leaving the company in 2003.
“This is a strategic decision in line with our company’s commitment to invest resources only in markets where we can perform as a market leader and earn an acceptable return,” Carl Jablonski, president of Albertsons’ Eastern division, said in a statement.