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Supervalu (United States)
SuperValu, Inc. was an American wholesaler and retailer of grocery products. The company, formerly headquartered in the Minneapolis suburb of Eden Prairie, Minnesota, had been in business since 1926. It is a wholly owned subsidiary of United Natural Foods (UNFI). On July 26, 2018, SuperValu announced that it had agreed to be purchased by Providence, RI-based United Natural Foods Inc., the largest distributor to Whole Foods Market and other natural foods stores. UNFI would pay $1.3 billion in cash and assume another $1.6 billion in SuperValu debt and liabilities. UNFI said it expects the deal to result in roughly $175 million in savings over three years and that it would divest itself of SuperValu's grocery stores. As of June 8, 2022, the SuperValu brand seems to be discontinued for everything besides some small-scale grocery stores. The distribution facility in Hopkins, Minnesota, has been rebranded to UNFI. History In 1870, Hugh G. Harrison provided the money for B.S. Bull an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Charter Member
A charter is the grant of authority or rights, stating that the granter formally recognizes the prerogative of the recipient to exercise the rights specified. It is implicit that the granter retains superiority (or sovereignty), and that the recipient admits a limited (or inferior) status within the relationship, and it is within that sense that charters were historically granted, and it is that sense which is retained in modern usage of the term. The word entered the English language from the Old French ''charte'', via Latin ''charta'', and ultimately from Greek χάρτης (''khartes'', meaning "layer of papyrus"). It has come to be synonymous with a document that sets out a grant of rights or privileges. Other usages The term is used for a special case (or as an exception) of an institutional charter. A charter school, for example, is one that has different rules, regulations, and statutes from a state school. Charter can be used as a synonym for "hire" or "lease", as in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Minneapolis–Saint Paul
Minneapolis–Saint Paul is a metropolitan area in the Upper Midwestern United States centered around the confluence of the Mississippi, Minnesota and St. Croix rivers in the U.S. state of Minnesota. It is commonly known as the Twin Cities after the area's two largest cities, Minneapolis and Saint Paul. Minnesotans often refer to the two together (or the seven-county metro area collectively) simply as "the cities". It is Minnesota's economic, cultural, and political center. Minneapolis and Saint Paul are independent municipalities with defined borders. Minneapolis sits mostly on the west side of the Mississippi River on lake-covered terrain. Although most of the city is residential neighborhoods, it has a business-dominated downtown area with some historic industrial areas, the Mill District and the Warehouse District. Minneapolis also has a popular uptown area. Saint Paul, which sits mostly on the east side of the river, has quaint tree-lined neighborhoods, a vast collec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hornbacher's
Hornbacher's is a supermarket chain that operates eight stores in Fargo and West Fargo, North Dakota, and Moorhead, Minnesota. Hornbacher's is a wholly owned subsidiary of St. Cloud based Coborns Inc. History In 1951, Ted Hornbacher and his partner Jim Custer opened a store at the corner of Eighth and Main Avenue in Moorhead. This was the start of what is now known as Hornbacher's. In 1956, the Northport location opened in north Fargo. This location housed the corporate offices until the opening of the Osgood location in 2006. In 1958, the Moorhead location was moved to a larger facility on the east side of Eleventh and Main. In 1974, the Village West location in Fargo opened across the street from West Acres Shopping Center. In 1975, Hornbacher's was acquired by SuperValu Inc. In 1990, the Express store in Fargo was added to Hornbachers and in 1994 the Southgate location in Fargo opened. Hornbacher's also operated a store in Grand Forks from October 2015 to December 2018. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Carson's
Carson Pirie Scott & Co. (also known as Carson's) is an American department store that was founded in 1854, which grew to over 50 locations, primarily in the Midwestern United States. Sold to the holding company of Bon-Ton in 2006, but still operated under the Carson name, the entire Bon-Ton collection of stores, including Carson's, went into bankruptcy and closed in 2018. Bon-Ton's intellectual property was quickly sold while in bankruptcy, and the new owners reopened shortly afterwards as a BrandX virtual retailer. The Carson Pirie Scott name is associated with the Carson, Pirie, Scott and Company Building designed by Louis Sullivan, built in 1899 for the retail firm Schlesinger & Mayer, and expanded and sold to Carson Pirie Scott in 1904, and occupied by them for more than a century. History Beginnings The chain began in 1854 when Scotsmen Samuel Carson and John Thomas Pirie first clerked in the Murray's dry goods store in Peru, Illinois - then opened their own store in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
County Seat (store)
County Seat was an American clothing retailer founded in 1973. With more than 740 stores at its peak, the chain closed in 1999 following Chapter 11 bankruptcy. History Jack J. Crocker, then the CEO of SuperValu supermarkets, founded the chain in 1973 in Dallas, Texas. Appropriate for the pun in its name, County Seat specialized in blue jeans and other casual wear. In 1977, the chain grew to 183 stores, and also began to sell sports clothing. In 1983, it was sold to the Carson Pirie Scott department store chain of Chicago, who bought County Seat for $71 million. Two years later, Carson Pirie Scott acquired the 19-store Pants Corral store from Giant Food of Landover, Maryland, and converted these to County Seat. Carson Pirie Scott redesigned the chain's stores with matte black fixtures and re-focused the merchandise line to target high schoolers. The chain had 415 stores in 1989, at which point Bergner's acquired Carson Pirie Scott and sold County Seat to a new management tea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corporate Spin-off
A corporate spin-off, also known as a spin-out, or starburst or hive-off, is a type of corporate action where a company "splits off" a section as a separate business or creates a second incarnation, even if the first is still active. Characteristics Spin-offs are divisions of companies or organizations that then become independent businesses with assets, employees, intellectual property, technology, or existing products that are taken from the parent company. Shareholders of the parent company receive equivalent shares in the new company in order to compensate for the loss of equity in the original stocks. However, shareholders may then buy and sell stocks from either company independently; this potentially makes investment in the companies more attractive, as potential share purchasers can invest narrowly in the portion of the business they think will have the most growth. In contrast, divestment can also sever one business from another, but the assets are sold off rather t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Discount Store
A discount store or discounter offers a retail format in which products are sold at prices that are in principle lower than an actual or supposed "full retail price". Discounters rely on bulk purchasing and efficient distribution to keep down costs. Types (United States) Discount stores in the United States may be classified into different types: Hypermarkets (superstores) Discount superstores such as Walmart or Target sell general merchandise in a big-box store; many have a full grocery selection and are thus hypermarkets, though that term is not generally used in North America. In the 1960s and 1970s the term "discount department store" was used, and chains such as Kmart, Zodys and TG&Y billed themselves as such. The term "discount department store" or "off-price department store" is sometimes applied to big-box discount retailers of apparel and home goods, such as Ross Dress For Less, Marshalls, TJ Maxx, and Kohls. Category killers So-called category killer stores, speciali ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chief Executive Officer
A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially an independent legal entity such as a company or nonprofit institution. CEOs find roles in a range of organizations, including public and private corporations, non-profit organizations and even some government organizations (notably state-owned enterprises). The CEO of a corporation or company typically reports to the board of directors and is charged with maximizing the value of the business, which may include maximizing the share price, market share, revenues or another element. In the non-profit and government sector, CEOs typically aim at achieving outcomes related to the organization's mission, usually provided by legislation. CEOs are also frequently assigned the role of main manager of the organization and the highest-ranking offic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
President (corporate Title)
A president is a leader of an organization, company, community, club, trade union, university or other group. The relationship between a president and a chief executive officer varies, depending on the structure of the specific organization. In a similar vein to a chief operating officer, the title of corporate president as a separate position (as opposed to being combined with a "C-suite" designation, such as "president and chief executive officer" or "president and chief operating officer") is also loosely defined; the president is usually the legally recognized highest rank of corporate officer, ranking above the various vice presidents (including senior vice president and executive vice president), but on its own generally considered subordinate, in practice, to the CEO. The powers of a president vary widely across organizations and such powers come from specific authorization in the bylaws like ''Robert's Rules of Order'' (e.g. the president can make an "executive decision" on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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