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99 Cents Only stores names new president and CEO

BY Vivian Gomez

CITY OF COMMERCE, Calif. — 99 Cents Only stores announced on Monday Stéphane Gonthier as the company’s new president and CEO. Gonthier is leaving Dollarama, where he was COO since September 2007.

Gonthier’s appointment is expected to become effective in the next 60 days. Interim CEO Richard Anicetti, a successful food retailing executive, will return to his role solely as a member of the board.

“The growth of 99 Cents Only stores has been outstanding for the past several quarters and we are excited to bring on Stéphane as our president and CEO to help us capitalize on our recent accomplishments and guide the company toward long-term success as a leader in the extreme-value category,” said David Kaplan, chairman of the board and senior partner of Ares Management.

Gonthier has more than 15 years of experience in value-oriented retail, most recently at Dollarama, a leading dollar store chain that operates more than 800 stores across Canada. Prior to that, he served in various executive positions with Alimentation Couche-Tard, a global convenience store chain best known as the operator of the Circle K stores in the United States from 1998 until 2007. His final position at that company was as SVP of Eastern North America, where he was responsible for four divisions consisting of approximately 2,600 convenience stores in Canada and the United States.

"During his six-year tenure, Stéphane has been an important member of the team that has led the growth and success of Dollarama,” said Larry Rossy, chairman and CEO of Dollarama. “We thank him for his tremendous contribution and exceptional leadership and wish him the very best in his new position. Stéphane has helped develop a very strong and talented management team throughout the years, a team that has played an active role in developing our growth strategy and business model, and we will continue to build on this solid foundation."

"My time at Dollarama has been a great experience and I am proud of what we have all accomplished together. The decision to leave was a difficult one but I am confident that Dollarama is well-positioned for the future, with the right people and resources in place to continue to deliver on its strategic plan," Gonthier added. "I would like to thank Larry and the board of directors, as well as Dollarama’s management, and employees for an incredible journey."

Gonthier will continue in his role for an interim period to ensure a smooth and orderly transition before moving to the United States with his family. An executive search will begin immediately under the direction of the board of directors of Dollarama. After Gonthier’s departure and until a successor is appointed, Rossy will assume the duties and responsibilities of the COO in collaboration with other members of the senior management team.


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Nicole by OPI inks partnership with singer Carrie Underwood for 2014

BY Antoinette Alexander

NEW YORK — Nicole by OPI has developed a new nail lacquer collection inspired by six-time Grammy winner Carrie Underwood.

Available in January, the collection of 14 shades features a colorful mosaic of hues ranging from soft pastels to dark sultry shades to playful glitters. In addition, the line will include a signature gold textured shade called Carrie’d Away, created exclusively for Carrie.

“This is the first time Nicole by OPI has ever designed a signature shade for one of our celebrity partners. We are excited to share this news with both music and nail fans — isn’t that everyone?” explained Suzi Weiss-Fischmann, Nicole by OPI Executive VP and artistic director.

“In working closely with Carrie, we came up with 14 nail lacquers that truly encapsulate her soulful spirit and showcase different facets of her personality,” added Weiss-Fischmann. “With shades as American as Apple Pie, you’ll get Carrie’d Away by her Southern Charm.”
 

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Target collaborates with Metro for Brunet pharmacies in Quebec stores

BY Mike Troy

QUEBEC — Target and McMahon Distributeur Pharmaceutique, a subsidiary of Metro, today announced a partnership for the operation of in-store pharmacies across Target’s Quebec stores.

The agreement comes as Target is preparing to open the first of 25 stores this fall in French-speaking city. Target entered Canada earlier this year and plans to open a total of 124 stores in its first year of operation.

Under the agreement with Target, McMahon, which is the franchisor of the Brunet banner, will enter into agreements with pharmacist-owners who will own and operate pharmacies within Target stores across Quebec. McMahon will provide supply chain-and-inventory services, as well as all the operational support to the Brunet franchised pharmacist-owners. The in-store pharmacies will carry Target-owned brands and provide access to prescription, pharmacy and health consultation services that are a key element of the Target store experience.

"Brunet’s reputation as a leader in promoting patient health and well-being, combined with its specialized product offering, makes Brunet the ideal strategic partner to help us deliver outstanding patient care in Quebec,” said Target Canada president Tony Fisher.

According to Eric R. La Fleche, president and CEO of Brunet owner Metro, the agreement with Target expands the banner’s presence to 18 pharmacies, including 12 in the greater Montreal area, and brings the total number of Brunet locations to 168.

Those locations are part of Metro’s 250 unit drug store division that also includes banners The Pharmacy and Drug Basics. In addition to those locations, Metro operates roughly 600 food stores in Quebec and Ontario under the Metro, Metro Plus, Super C and Food Basics banners that generated sales last year of $11 billion.

Target currently operates 68 stores in Canada, 62 of which contain a pharmacy.


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