Limited Brands launches $250M buyback
Columbus, Ohio — Limited Brands, parent to Victoria’s Secret, Pink, Bath & Body Works, La Senza and Henri Bendel, said Thursday it will buy back up to $250 million of its shares.
The new share repurchase program follows the completion of a $500 million share repurchase program. So far this year, Limited has repurchased $1.1 billion worth of its stock.
Cardtronics acquires Canada’s Mr. Cash
Houston — Cardtronics announced that its wholly owned subsidiary, Cardtronics Canada acquired Mr. Cash ATM Network, Lethbridge, Alberta.
The acquisition expands Cardtronics’ international presence into Canada. Financial terms of the acquisition were not disclosed.
Mr. Cash delivers to Cardtronics an established ATM deployer presence in Canada. By the numbers, Cardtronics enters Canada with hundreds of existing merchant relationships, the ownership/operation of nearly 600 ATMs across the country, plus an established sales channel partner network focused on the Canadian marketplace.
The acquisition also provides Cardtronics with an enhanced global presence to better serve the ATM needs of multi-national chain retailers and financial institutions.
Food 4 Less, Ralphs launches campaign to support local food banks
LOS ANGELES — Food 4 Less and Ralphs Grocery announced that they are inviting customers to help support local food banks and families in need through a special fund-raising campaign that kicks off Nov. 6. In addition, Food 4 Less’ Foods Co Division is also collecting donations for food banks in Central and Northern California.
Customers and Ralphs associates can support food banks in their community through the supermarket chain’s nonprofit arm, The Ralphs Fund, by donating their spare change in collection canisters located at the checkstands in their neighborhood Ralphs supermarket.
Food 4 Less and Foods Co customers and team members can support food banks in their community through the supermarket chain’s nonprofit arm, The Food 4 Less/Foods Co Fund, by donating their spare change in collection canisters located at the checkstands in Food 4 Less stores in Southern California, southern Nevada and greater Chicago, and at Foods Co supermarkets in Central and Northern California.
The fundraising campaign will run from Nov. 6 through Jan. 28, 2012.
Monies collected will be donated to food banks and hunger relief organizations in the communities served by Food 4 Less and Foods Co in California, southern Nevada, and the greater Chicago area. Monies collected from Ralphswill be donated to food banks and hunger relief organizations in communities across Southern California served by Ralphs stores.
"Food 4 Less has a firm commitment to give back to the communities that our customers and team members call home," said Bryan Kaltenbach, president of Food 4 Less/Foods Co. "Through our ‘Bringing Hope to the Table’ checkstand fundraising campaign, our customers and team members can drive funds to local food banks to help hungry families who are our neighbors."
"Now more than ever, food banks and other hunger organizations are stressed and stretched," said Donna Giordano, President of Ralphs Supermarkets. "People who have never been in need before have been hurt by the difficult economy and they are struggling to meet their families’ basic food needs."