Friday, August 13, 2010

Friday Morning One Liners....Burkle & Barnes and Noble, Re-Invention of Fresh Direct

The "Food Basics" brand is now available in the aisles of Pathmark stores. “This economy has definitely affected our customers’ shopping budgets. The new Food Basics and Home Basics brands will allow our shoppers to buy all their household necessities for much less than national brands,” Sam Martin, chief executive officer of A&P, said in a statement Thursday.  [Press Release]

Crain's NY Business: Ron Burkle and Barnes & Noble:

Barnes & Noble said Thursday it has not reached a settlement with financier Ron Burkle's Yucaipa Cos. after news reports the companies were close to a deal. Mr. Burkle, who owns a 19% stake in the bookseller, is suing the company in an effort to expand his stake without triggering a poison pill plan.
Trader Joe's is rumored to be coming to Staten Island, the Staten Island Advance wonders if this is a welcomed or unwanted addition to the community..
Fresh Direct, a Re-Invention after Crisis...[NY Times] Surviving a major crisis — an immigration audit that decimated the company’s work force — at a time when the company was hemorrhaging money and alienating customers because its basic business model was not working...
NY Times: State Officials Skeptical of Willets Point Project
And guess what New Yorkers, you'll be voting on Term Limits again this November.
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