OPERATIONS

GNC elects Feldman, Doran as directors

BY Staff Writer

Pittsburgh – GNC Holdings Inc. has elected Alan D. Feldman and Robert F. Moran to its board of directors. Feldman most recently served as chairman, president and CEO of Midas Inc. from May 2006 until its merger with TBC Corporation in May 2012 and as its president and CEO from January 2003 until May 2006. Prior to that, Feldman held senior management posts at McDonald’s Corporation and the Pizza Hut and Frito-Lay units of Pepsico. Feldman also currently serves on the board of directors of Foot Locker Inc.

Moran, who has more than 30 years of executive experience, most recently served as chairman and CEO of PetSmart Inc. from February 2012 to June 2013. Prior to being appointed chairman, Moran was PetSmart’s president and CEO from June 2009 to January 2012 and its president and COO from December 2001 to June 2009. Before joining PetSmart in 1999, Mr. Moran was president of Toys "R" Us Canada, following various executive positions with Sears, Roebuck & Company, including as president and CEO of Sears de Mexico.

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OPERATIONS

Starbucks tests new drink options

BY Dan Berthiaume

Seattle – Starbucks is testing new drink options including handmade sodas and a coffee beverage known as “cold foam mocha.” As reported by the Starbucks Melody blog (which is not affiliated with the retailer), last month Starbucks began the second phase of a carbonated beverage test including proprietary root beer and ginger ale at select locations in Atlanta and Austin.

In addition, Starbucks stores in Nashville are piloting a drink called cold foam mocha, which consists of mocha, milk, espresso and ice poured over a cold foam that is prepared in advance in whipped cream canisters. The blog cautions that Starbucks frequently conducts local tests of new beverages and most of them do not make it to the national level.

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FINANCE

American Greetings founders raise private offer

BY Staff Writer

Brooklyn, Ohio – The Weiss family, which founded the public American Greetings greeting card company is now looking to take it private. As reported by Reuters, the Weiss family is raising an existing buyout offer of $18.20 per share to $19 per share.

The increased offer was contained in a regulatory filing made July 1.

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