Vitamin Shoppe to acquire Super Supplements
North Bergen, N.J. — The Vitamin Shoppe announced that it has entered into a definitive agreement to purchase the assets of Super Supplements, a specialty retailer of vitamin, mineral and supplements for approximately $50 million.
Super Supplements, headquartered in Seattle, operates 31 stores in Washington, Oregon, and Idaho. The acquisition expands the Vitamin Shoppe’s presence in the Pacific Northwest where it currently operates 17 stores.
Office Depot adds PayPal to online payment options
Boca Raton, Fla. — Office Depot has added PayPal to its selection of online payment options, giving customers a secure way to pay for purchases.
Using PayPal on the chain’s website simplifies the online checkout process by providing shoppers with a quick and secure option to pay for purchases without sharing financial information, Staples said.
PayPal can also help shorten the time needed to checkout as customers do not need to type the billing and shipping addresses or financial information that it is already stored securely in their PayPal account.
Former PepsiCo exec sees light at new firm
Jeremy Cage was named CEO of the global LED lighting firm Lighting Science Group.
Cage, 48, was selected to lead the company based on his experience in building major brands, his success in developing commercially-appealing technologies and bringing them to market, as well as his distinguished track record of strengthening business models and improving operational efficiencies, according to a statement by Lighting Science Group.
Cage replaces Brad Knight, who served as interim CEO while the board worked with an executive search firm. Knight will continue to serve as COO.
Over the past decade, Cage served in executive positions at PepsiCo, Inc., including SVP of Innovation and Insights for its U.S. Beverage business, chief marketing officer of International Foods, and, most recently as SVP of the global snacks group.
"We are delighted to have Jeremy join the Lighting Science team," said Nic Brathwaite, chairman of the Lighting Science board. "Jeremy is a proven strategic thinker, inspiring leader, and brand builder who has successfully introduced major innovations at some of the world’s best known companies, resulting in accelerated sales volume, profit and market share growth. We are confident that he will do the same at Lighting Science."
Cage said he plans to accelerate the firm’s growth by building on core competencies of excellence in innovation and strong and differentiated brand development.
"We will focus on unleashing the science of light and sustainable technologies to markets ranging from major cities, commercial centers, factories and retailers in developed markets to entire cities and villages in developing and emerging markets," Cage said.
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