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Kroger raises quarterly dividend

BY Michael Johnsen

CINCINNATI — Kroger’s board of directors on Thursday raised the quarterly dividend by 10%, to 16.5 cents per share, to be paid on Dec. 1, 2013 to shareholders of record as of the close of business on Nov. 15, 2013.

"This increase reflects the board of directors’ continued confidence that our Customer 1st strategy delivers sustainable shareholder value," stated David Dillon, Kroger’s chairman and CEO. "Since we reinstated dividends in 2006, Kroger has returned more than $8.3 billion to shareholders through dividends and share repurchases."

Kroger has delivered double-digit compound growth in its dividend since it was reinstated in 2006. The company continues to expect an increasing dividend over time, the grocer stated.


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Kmart launches fundraising effort for children’s cancer research, offers reward points to donors

BY Alaric DeArment

HOFFMAN ESTATES, Ill. – Kmart has started a fundraising campaign for St. Jude Children’s Research Hospital for childhood cancer, the mass merchandise retailer said.

Kmart announced the start of its 2013 St. Jude Thanks and Giving campaign, under which members of the Shop Your Way loyalty program who donate between now and Dec. 28 will receive a coupon for 5% of the price back in points that they can use toward their next purchase. The offer lasts through Jan. 31, 2014.

"Our holiday season at Kmart would not be the same without St. Jude Children’s Research Hospital, and we’re happy to recognize the generosity of our Shop Your Way members this year," Kmart VP retail services Clay Wahl said. "We’re always humbled by the outpouring of support from our members and associates and hope to raise even more money this year to help more families have a healthy and happy holiday."


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Alliance Boots creates specialized investment fund focusing on small- to mid-sized consumer brands

BY Michael Johnsen

BERN, Switzerland — Alliance Boots on Friday announced that it is establishing a specialized investment fund, B&B Capital Partners, which will be focused on small- and medium-sized consumer brand businesses within the health, wellness, beauty and personal care sectors.  

The fund will be managed by B&B Investment Partners, a new partnership between Alliance Boots and the two principals of B&B Investment Partners, Chris Britton and Jean-Philippe Barade.

“The new fund will provide talented entrepreneurs with financial, strategic and specialist commercial support to help them unlock the growth potential of their businesses, while further accelerating the flow of innovative products into our international retail network," stated Stefano Pessina, executive chairman, Alliance Boots. 


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