Former CVS/pharmacy executive Steve Ortleb has joined Market Performance Group, a consulting and sales management services company, as a director on the MPG sales and retail services team and a retail adviser for the MPG Strategy Consulting group.
Bankrupt grocer A&P has announced that the U.S. Bankruptcy Court for the Southern District of New York has approved the $800 million debtor-in-possession financing provided by JPMorgan Chase. Of the total DIP facility, a $350 million term loan immediately has been made available.
CVS/pharmacy has launched its new CVS Express Photo app, which enables Facebook users to order prints from their Facebook albums without leaving the website, with prints ready for pickup in about an hour at their local CVS/pharmacy.
Battling hefty debt and intense competition, grocer A&P filed for bankruptcy on Sunday and has secured $800 million in debtor-in-possession financing to keep the 395-store chain open and operational during the proceedings.