...with brief, occasional, italicized and sometimes gratuitous commentary…
• Lubbock, Texas-based, Albertsons-owned United Supermarkets announced that it has it agreed to acquire seven stores in West Texas and New Mexico owned by Lawrence Bros., four of which will be rebranded as United stores, two as Albertsons, and one as a Super Saver Foods.
Terms of the deal, which is expected to be completed by early summer, were not disclosed.
Lawrence Bros. says it will continue to own and operate stores in 17 markets.
• The Chicago Tribune reports that "Chipotle won't give its executives cash bonuses for their performance in 2015 as a result of the dramatic stock price decline following the burrito chain's string of food safety scares ... Executive compensation packages for top brass fell significantly in 2015 because of the lack of stock option awards. Ells saw his total compensation drop to $13.8 million, from $28.9 million the year before. Moran's total compensation fell nearly as dramatically, to $13.6 million from $28.1 million the year before."
I'm sure they'll be able to muddle along...
• Lubbock, Texas-based, Albertsons-owned United Supermarkets announced that it has it agreed to acquire seven stores in West Texas and New Mexico owned by Lawrence Bros., four of which will be rebranded as United stores, two as Albertsons, and one as a Super Saver Foods.
Terms of the deal, which is expected to be completed by early summer, were not disclosed.
Lawrence Bros. says it will continue to own and operate stores in 17 markets.
• The Chicago Tribune reports that "Chipotle won't give its executives cash bonuses for their performance in 2015 as a result of the dramatic stock price decline following the burrito chain's string of food safety scares ... Executive compensation packages for top brass fell significantly in 2015 because of the lack of stock option awards. Ells saw his total compensation drop to $13.8 million, from $28.9 million the year before. Moran's total compensation fell nearly as dramatically, to $13.6 million from $28.1 million the year before."
I'm sure they'll be able to muddle along...
- KC's View:
