Report: Wal-Mart Plans Hungarian Acquisition
New York City, Wal-Mart Stores will make good on plans to expand in Central and Eastern Europe, according to the Hungarian newspaper Nepszabadsag. The report, unconfirmed by Wal-Mart, suggests Wal-Mart plans to buy the Cora hypermarket, owned by Belgian-French retailer Louis Delhaize. Back in June, Wal-Mart CEO Lee Scott described Eastern Europe as a possible area of expansion.
Safeway Appoints White
Pleasanton, Calif., Safeway Inc. appointed James D. White, 44, to the position of senior VP, corporate brands. He will oversee the corporate brands organization including its marketing, manufacturing, finance and outside sales functions. He joins Safeway from Gillette Company where he spent three years as senior VP for business development, North America.
Seven-Eleven Japan Extends Offer
Tokyo, Seven-Eleven Japan Co. announced that, at the request of the special committee of the board of directors of 7-Eleven, it has extended its all-cash offer for the outstanding shares of 7-Eleven that it does not already own until midnight, EST, on Tuesday, Oct. 18. The extension will provide the special committee with additional time to complete its review and evaluation of the tender offer.