The Supply Side

by The City Wire staff -

Wal-Mart cans contract with Paula Deen

It’s been a bad week for Southern cooking celebrity Paula Deen, as lucrative corporate endorsements continue to slip through her hands, the most recent being a multimillion dollar contract with…

by The City Wire staff -

The Supply Side: Retailer business briefs

• Federal authorities seize 14 franchises of 7-Eleven Convenience store giant 7-Eleven said it will require an internal review of personnel records among its 5,600 franchise owners after federal authorities…

by The City Wire staff -

Retailers report stronger sales in May

Improved consumer confidence and spending helped drive up retail sales in May. The National Retail Federation reports May retail sales (excluding automobiles, gas stations and restaurants) increased 0.6% (seasonally adjusted)…

by The City Wire staff -

Heinz sale is completed

H.J. Heinz announced Friday (June 7) the completion of its acquisition by an investment consortium comprised of Berkshire Hathaway and an investment fund affiliated with 3G Capital. The acquisition agreement…

by The City Wire staff -

Top management change at P&G

Bob McDonald, the CEO of Procter & Gamble and a 33-year veteran of the company, stepped down suddenly after the market closed on Thursday (May 23). He will be replaced…