Word: supermarketing
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Michel Bergerac, the ousted chairman of Revlon, would surely agree. Revlon spent nearly five months trying to elude Pantry Pride, a Florida supermarket chain that is about one-third Revlon's size, but the cosmetics king was finally acquired for $2.7 billion in November. Though Bergerac's pain at seeing his company bought was eased by a $36 million parting settlement, or golden parachute, he still talks like a bitter man. "The whole thing was crazy," he says. "Here we built a great American corporation. Then through this process the stock ended up in the hands of arbitragers, who forced...
...starting to look a lot like Wall Street. Suddenly large takeovers are in flower. In New York it might seem almost child's play, but in Britain a billion-dollar merger or acquisition remains a remarkable event. Last week several behemoth-size deals were in the offing. Argyll, a supermarket chain, offered $2.8 billion to acquire Distillers, maker of Johnnie Walker Scotch and Gordon's gin, and Britain's General Electric bid $1.8 billion for Plessey, an electronics firm...
...Beaver, an update of the old network comedy Leave It to Beaver, and this month introduced Danger Bay, an adventure series about a family that saves animals in peril. The USA Network has just unveiled its first original sitcom, Check It Out!, starring Don Adams as a harried supermarket manager. And Ted Turner's superstation, WTBS, now has three original sitcoms in a Monday-night "comedy bloc." Cable has long proclaimed itself an alternative to the networks, but a growing chunk of its schedule seems less a choice than an echo...
They will also buy damaged supermarket stock from the Boston Food Bank at special prices of 12 cents or less per pound...
They will also buy damaged supermarket stock from the Boston Food Bank at special prices of 12 cents or less per pound...