Safeway names new Eastern Division president
PLEASANTON, Calif. — Safeway on Tuesday evening announced the appointment of Brian Baer to president of the company’s Eastern Division.
"Brian’s proven management skills and experience will serve our customer base well in the Eastern Division," stated Kelly Griffith, Safeway EVP retail operations.
Baer joined Safeway in 2001 as VP Finance for the company’s Phoenix division. In 2004, he became group VP of finance planning and analysis at the Safeway’s corporate headquarters. He joined the Dominick’s division as CFO in 2008, and was promoted to president of that division in 2011.
Prior to joining Safeway, Baer spent more than 12 years with Marriott Corp. serving in various financial management positions in operations, corporate finance and real estate development.
Orriginals Handcuffs line combines sweatshirts, gloves
NEW YORK — A Jamestown, N.D.-based company has a line of sweatshirts that include extendable cuffs that turn into fingerless gloves, and it’s looking for distributors and wholesalers.
Handcuffs, marketed by Orriginals, were introduced at the Magic apparel show in 1998 and have since found favor among such celebrities as Jay Leno, Garth Brooks and Rosie O’Donnell.
Products include crew-neck pullovers, hooded pullovers, hooded front-zip sweatshirts and turtlenecks. Suggested retail prices are $29 to $44 for adult garments and $24 to $30 for children’s garments.
Elliott Management to block McKesson’s takeover bid for Celesio
LONDON — The hedge fund Elliott Management will attempt to block McKesson Corporation’s offer to acquire the German pharmaceutical wholesaler Celesio because it “substantially undervalues” the company, according to a report in the New York Times published Tuesday.
Elliott has a greater-than 25% share of Celesio and will decline to tender its shares, according to the report.
McKesson last week launched a voluntary public takeover offer for the outstanding shares of Celesio through its indirect, wholly-owned subsidiary Dragonfly. Celesio shareholders can accept the takeover offer and tender their shares in Celesio at the offer price of €23 per share ($31.29 per share). That acceptance period ends Jan. 9.