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Ahold USA EVP, CFO Paula Price honored by Boston Business Journal

BY Alaric DeArment

CARLISLE, Pa. — An Ahold USA executive has received honors from a New England business publication.

Ahold USA announced Tuesday that EVP and CFO Paula Price was named 2012 CFO of the Year in the public company category by the Boston Business Journal and was honored at the newspaper’s annual luncheon last Wednesday. Ahold USA, a subsidiary of Netherlands-based Royal Ahold, operates the Stop & Shop, Giant-Landover and Giant-Carlisle supermarket chains and the Peapod online grocery service.

"Paula is a pioneer of the grocery retail industry, using her extensive experience and knowledge of finance to assist our company in continuing to streamline operations and process," Ahold USA COO Carl Schlicker said. "Her broad skill set and professionalism have inspired confidence and earned her great respect here within Ahold USA. I can’t think of a CFO more deserving of this honor."

Price began working for Ahold in 2009 as CFO of the Stop & Shop and Giant-Landover divisions. Following the company’s reorganization that year, she was promoted to EVP and CFO. Price also is on the board of trustees of the Newton-Wellesley Hospital and the board of overseers of Boston’s Museum of Fine Arts. She also was on the board of directors for Charming Shoppes until it was sold in June 2012.

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Revlon reports Q2 results

BY Antoinette Alexander

NEW YORK — Revlon, which recently added the Pure Ice brand to its portfolio, posted a 4.6% boost in U.S. net sales during the second quarter, due in large part to higher sales of Revlon color cosmetics.

In the United States, net sales totaled $203.9 million, up 4.6% when compared with $194.9 million in the year-ago period.

Total net sales rose 1.7% to $357.1 million, fueled by higher sales of Revlon and Almay color cosmetics and Revlon ColorSilk hair color. Excluding foreign currency fluctuations of $9 million, net sales increased 4.2%.

Net income was $11.1 million, or 21 cents per diluted share, compared with $6.5 million, or 12 cents per diluted share, in the year-ago period. Net income in second quarter 2012 included a net charge of $6.7 million. Net income in second quarter 2011 included $11.3 million in charges.

In early July, Revlon acquired certain assets of Bari Cosmetics, including assets related to the Pure Ice nail enamel, as well as other brands. The acquisition did not impact Revlon’s second quarter 2012 consolidated financial statements.

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Honey Maid launches Grahamfuls

BY Allison Cerra

EAST HANOVER, N.J. — Honey Maid has introduced a line of filled graham crackers.

New Grahamfuls are individually-wrapped snacks made with real honey and 100% whole grain offering 10 g of whole grain per serving. The new product comes in three varieties, including peanut butter, peanut butter and chocolate and banana vanilla crème.

"Parents tell us they love when their kids can be kids — creating, learning and exploring," Kraft Foods senior marketing director Gary Osifchin said. "Parents also tell us they are looking for wholesome snacks for their kids that will provide nutrition and fuel for their busy days. With Honey Maid Grahamfuls, we are bringing a new way for kids to enjoy the Honey Maid graham crackers that parents know and love."

Honey Maid Grahamfuls are conveniently located in the cookie and cracker aisle of stores nationwide for a suggested retail price of $4.19 per box. Each box contains eight individually-wrapped filled graham crackers.

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