Ahold, Delhaize Group expect to close deal by weekend
ZAANDAM, the Netherlands – Ahold and Delhaize Group on Thursday announced that they expect to complete their intended merger on Saturday, July 23, 2016, if regulatory clearance has been obtained from the United States Federal Trade Commission by that date.
Subject to completion of the merger on July 23, 2016, Ahold Delhaize is expected to start trading on Euronext Amsterdam and Brussels on Monday, July 25, 2016, with ticker symbol AD.
The last trading date of the Delhaize ordinary shares on Euronext Brussels would be Friday, July 22, 2016.
Following the merger, for each Delhaize ordinary share (except for any Delhaize ordinary shares held by Delhaize or Ahold), 4.75 new Ahold Delhaize ordinary shares will be automatically allotted, and all Delhaize ordinary shares will be cancelled.
On June 24, 2015, Delhaize Group and Ahold announced their intention to merge. The shareholders’ meetings of both companies approved the merger in March 2016. The Belgian Competition Authority granted its conditional approval for the merger in March 2016. FTC clearance is the remaining regulatory approval requirement for the Ahold and Delhaize Group merger.
Walmart asks suppliers to remove 8 chemicals from products
BENTONVILLE, Ark. — Walmart has asked suppliers to remove "high priority chemicals," such as formaldehyde and triclosan, from their products as part of an effort to eliminate controversial chemicals from household goods.
The chemicals on the list include “certain properties that can affect human health or the environment,” Walmart said in a statement issued Wednesday.
"Our goal is to reduce, restrict and eliminate the use of HPCs by using informed substitution principles. We have been asking our suppliers to reformulate their products to meet our expectations. When suppliers are unable to remove HPCs, we ask them to develop time-bound action plans to reduce, restrict and eliminate usage as well as to engage in broad stakeholder initiatives to work toward industry-wide solutions. To date, we have successfully removed 95 percent of HPCs by volume weight from the products we sell in Walmart U.S. that are in the scope of our policy."
The eight chemicals include:
- Formaldehyde — Used in building materials in composites, some household products like paint and glue, fertilizers and pesticides, and as a preservative in some medicines and cosmetics.
- Triclosan — An antibacterial agent found in toothpastes, detergents and surgical cleaning treatments.
- Toluene — Used in paint thinners, nail polish and fragrances.
- Diethyl phthalate — A synthetic substances typically used to make plastic more flexible and often found in food packaging, toys and toothbrushes.
- Dibutyl phthalate — A common plasticizer that began being phased out of nail polishes in 2006.
- Nonylphenol exthoxylates — Surfactants found in industrial cleaning products, paints and laundry detergent.
- Butylparabens and propylparaben — Preservatives found in a wide variety of personal care products and foods.
The world's biggest retailer said its sustainable chemistry policy helps customers learn what’s in personal care and household products such as baby lotion, cleaners and pet shampoo.
In 2015, Walmart said, it started listing those ingredients on Walmart.com for private brands. The company also asked national brand suppliers like Procter & Gamble and Revlon to list product ingredients on their own websites, giving access to this information in multiple locations, so customers can make more informed choices.
This year, the company says it has engaged 76% of suppliers queried through its Sustainability Index to report on their online ingredient disclosure practices. Of those, 78% reported that they disclose ingredients online for all their products according to a nationally recognized standard.
Walmart committed in 2013 to increase transparency about ingredients in products it sells, advance safer formulations and attain the U.S. Environmental Protection Agency's Safer Choice certification for Walmart private brand products.
Target hires Apple veteran to oversee global logistics
MINNEAPOLIS — A veteran of Apple has been named as the new senior vice president in charge of global logistics, inventory allocation and replenishment at Target.
Ben Cook will lead the optimization of Target’s inbound and outbound supply chain processes, including carrier transportation and last-mile delivery. He’ll also oversee inventory allocation and replenishment, merchandise planning operations and global logistics. He will report to Target’s executive vice president and chief supply chain and logistics officer, Arthur Valdez.
“Our guests expect us to deliver product quickly and reliably, and that means we need a supply chain that’s increasingly fast and precise,” Valdez said. “Ben’s expertise and proven track record in cutting cost and reducing complexity in the name of speed will be an incredible asset to our team. We believe he’s the right addition to the work we’re doing to strengthen Target’s supply chain so we can offer an even faster and simpler guest experience.”
Cook brings experience in leading a range of supply chain functions, from international transportation and distribution to inventory control and direct-to-customer delivery. He comes to Target most recently from Apple where he was director, logistics and supply chain strategy, leading the transformation of logistics to support an omnichannel distribution model. In addition to Apple, Cook has held operational roles at Kimberly-Clark and The Home Depot.
“The opportunity to apply creative thinking and my past experience to a supply chain of this scale is exhilarating,” Cook said. “Target has a reputable brand and a loyal guest base already in place, and I’m excited to be part of the team building an operation for the future that strengthens guest love and drives long-term company growth.”
Cook joins the company July 24 and will relocate to Minneapolis.
Minneapolis-based Target Corporation (NYSE: TGT) serves guests at 1,797 stores and at Target.com. Since 1946, Target has given 5 percent of its profit to communities, which today equals more than $4 million a week. For more information, visit Target.com/Pressroom. For a behind-the-scenes look at Target, visit Target.com/abullseyeview or follow @TargetNews on Twitter.